April 2022 Newsletter
Spring has sprung in Texas In the April edition of the Physician Advocate we cover Writing a Medical Collection Letter That Will Get You Paid yes, it is possible Tackling... Read More >
Prevent Merger Mishaps with Careful Planning
Prevent Merger Mishaps with Careful Planning So you ve decided to enter into a merger. First of all, congratulations for taking control of your future and addressing a changing healthcare... Read More >
Control and Friendly Doctor Structures
Friendly Doctor Structures The IRS is reviewing questions of control and beneficial ownership in friendly doctor corporate structures to issue guidance, and it doesn t encourage taxpayers to seek letter... Read More >
Working and Receiving Social Security Benefits
What you need to know about working and receiving social security benefits Social Security has some , rules, and one of the most confusing and misunderstood is the retirement earnings... Read More >
Medical Practices That Perform Better Than Their Peers
Better Performing Medical Practices Medical practices deemed better-performing medical practices by the Medical Group Management Association s MGMA annual Performance and Practices of Successful Medical Groups report consistently excel in... Read More >
Retirement Expenses to Remember
Retirement Expenses to Remember Thinking retirement? No matter how much you ve thought about retirement already, it can be easy to overlook some of the details that will make your... Read More >
March 2022 Newsletter
Tax season is in full swing There are a few weeks left of the tax season, but we know that running your medical practice is a year round job. Here... Read More >
Live and Breathe Your Written Values
Does your practice live and breathe your written values? I was recently at a physician s office and in the waiting room was a framed copy of the following Patient... Read More >
February 2022 Newsletter
The first few months have gone quickly for our office. Even though tax season is in full swing, it s important to not lose sight of medical practice management. Dive... Read More >
Dear Physician-Can You Attain Financial Security?
Can You Attain Financial Security? Downturns in physician practice economics has taken long-standing personal finance calculations and turned them on their head. As a result, many physicians face an endless... Read More >
Fundamental Reasons Why Physician Groups Need Leadership
Leadership is Needed Here s one simple reason why physician groups need leadership Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without... Read More >
Easy Ways to Destroy Patient Satisfaction
Easy Ways to Destroy Patient Satisfaction MedicalGPS sure got it right on this one Just plain common sense. Poor patient satisfaction scores can hurt an organization s reputation and bottom... Read More >
Your Practice Needs an External Patient Chart Audit
Your office manager and billing staff periodically should conduct a patient chart audit to assess whether your doctors code accurately. But how do you know that they know what they... Read More >
Employee Theft
Are Any of your Employees Robbing you? Perhaps even one who smiles at you, seems like a team player, and is the last one you d suspect? Although many physicians... Read More >
IRS, Tax Season, and Phone Scams
It s the Season for Criminals Posing as the IRS With the new tax season starting this week, the IRS reminds taxpayers to be aware that criminals continue to make... Read More >
January 2022 Newsletter
Happy New Year We glad to be here and we look forward to a year ahead A lot has been happening in the physician practice world. We cover the important... Read More >
New Year Resolutions for Your Medical Practice
Start the New Year Strong Years ago, I wrote an article about new year resolutions for medical practices and their management. Well years have gone by and I m still... Read More >
Is Your Employee Morale Lagging?
Watch for These Signs of Low Morale You strive for a fair and equitable workplace to help attract and retain employees, drive productivity, and comply with federal, state, and local... Read More >
If You Forget to Issue the 1099s, Do you Lose Deductions?
Did You Forget to Issue s? Imagine this you didn t issue Form s to your contract labor services vendors. Now, the IRS is auditing your tax return, and the... Read More >
5 Things to Remember When Filing Your Tax Return
Filing Your Tax Return With filing season beginning January , the Internal Revenue Service IRS reminded taxpayers about several key items to keep in mind when filing their federal income... Read More >
Protect Yourself from Payment Scams
Be Aware of Payment Scams My bank recently informed me about a new scam targeting individuals using person to person money transfer services. Here are a few tips to help... Read More >
It’s Time for a Medical Practice Assessment
Medical Practice Assessment Year end is a great time of year not only because it s the holiday season for most but because it s a good time to evaluate... Read More >
Outside Advisors for your Physician Practice: A Key to Success
Outside Advisors During my years in consulting, I have found that the successful medical practices out there are the ones that surround themselves with excellent advisors. Not only do they... Read More >
Medical Practice Accounts Receivable Statistics
Accounts Receivable and Collection For The Medical Practice MEDICAL PRACTICE MANAGEMENT STATISTICS Administrators produce pounds of paper as part of the month-end close process. Typically, buried deep within these reports... Read More >
Increase Profitability by Reviewing Medical Practice Reports
Reviewing Medical Practice Reports There is a saying that I truly believe in and that is You can t manage what you don t measure. I find many physician offices... Read More >
Tax Security Awareness
Tax Security The IRS and its Security Summit partners recently held the annual National Tax Security Awareness Week. One of the key messages this year was even if someone doesn... Read More >
6 Ways to Protect Yourself from Cybercrime
Cybercrime is a Risk Cybercrime is a constant concern in the online world which means everyone must be mindful of risks when they share devices, shop online and interact on... Read More >
November 2021 Newsletter
November Edition of the Physician Advocate We are enjoyed stepping into the holiday season down here in Texas by celebrating Thanksgiving. November was a packed month, here is what was... Read More >
Health Savings Accounts (HSA) FAQs
FAQs about Health Savings Accounts HSA Health savings accounts can be a potentially advantageous option for high-income earners considering tax-saving strategies. Planning for the future? Get to know more about... Read More >
5 Quick Tips For a Clean Claim
Tips for Filing a Clean Claim Errors in physician billing are common. One of the most common errors is the failure to electronically file a clean claim. Sample Texas law... Read More >
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Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement UncategorizedAbout Reed Tinsley, CPA
As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >
