By now the merger committee has the due diligence process underway. The merger team has been interviewed and assembled. The initial funding for this due diligence process has been estimated... Read More >
nbsp I have heard that there is a study by the United States Department of Labor that confirmed that costs to replace an employee could equal of salary. Regardless of... Read More >
nbsp We live in the data age where every day a new technology is announced in business- and consumer-oriented ecommerce and mobile health mhealth . In response, in recent years,... Read More >
nbsp Perhaps the most contentious area of a buy-sell agreement is the method for calculating buy out. One small misstep can lead to an overvaluation, costing the practice more money... Read More >
nbsp Remember it never gets to be a receivable if you collect it at the time of service. I wonder how many physician practices realize the real true cost it... Read More >
The Office of Inspector General OIG has recommended the following seven elements of an effective compliance plan. This applies to all healthcare entities. Although these elements are well known, how... Read More >
nbsp The Healthcare Fraud Prevention and Enforcement Action Team HEAT and the Office of Inspector General have posted a Toolkit consisting of a series of podcast training videos on the... Read More >
nbsp A lot can change in a practice over the course of a few years the group s culture can shift, its financial standing may improve or decline, it may... Read More >
HiPAA Risk Assessment As you are probably aware, the government has begun the first round of HIPAA compliance audits these audits have included physician practices. So the million dollar question... Read More >
How does a physician practice or any health care provider really know for sure it is receiving the correct reimbursement from its managed care payors? According to an informal polling... Read More >
nbsp If your income statement s bottom line shows an unexpected poor performance, use other statement details to track down what happened. Like classic symptoms pointing you toward ordering specific... Read More >
nbsp Numbers are data. What any manager needs is information. In many clinical situations, the numbers are information. In business situations, most numbers are data the value a practice manager... Read More >
nbsp If you are a physican practice organized as an S Corporation, pay attention to the recent tax court case below if you are paying the shareholder s low salary... Read More >
nbsp Trying to sell candidates before you are sold on them Too often, practices try to sell their opportunity without understanding a candidate s special interests or desires. Through their... Read More >
nbsp This publication has been developed for Medicare Fee-For-Service FFS providers and suppliers. It provides the following information about the Medicare Program Introduction to the Medicare Program Becoming a Medicare... Read More >
nbsp To garner participation from office-staff in committing to asking patients for payment at the time of visit, establish graduated expectations for improvement over a specific period of time. Provide... Read More >
nbsp The much-anticipated proposed rule regarding the -day repayment of overpayment obligation was issued in proposed form by the Center for Medicare and Medicaid Services on February , Fed. Reg.... Read More >
Physicians who reassign their right to bill the Medicare program and receive Medicare payments by executing the CMS- R application may be liable for false claims submitted by entities to... Read More >
nbsp Give your patients the ability to pay by cash, check, and credit debit card in the office or online. Teach staff to be compassionate without letting patients walk all... Read More >
nbsp Whether it s the backstabbing, power struggles, dealing with the queen bee, or the untouchable employee, or even just navigating through change, drama manifests itself in many ways in... Read More >
nbsp The policies should strive to optimize revenue recovery and clearly outline what the practice considers acceptable in terms of patient payment timing and extended payment plans for large balances.... Read More >
nbsp Last month, the Office for Civil Rights OCR of the Department of Health and Human Services HHS published details about its new HIPAA Privacy and Security Audit Program at... Read More >
nbsp Finally, I RESOLVE to hire the best people Again, I want to emphasize the simple and honest fact that the better performing practices out there are the ones doing... Read More >
I RESOLVE to adopt a healthier personal lifestyle I m sure this one is already on your list but I wanted to emphasize it for you again. A healthier lifestyle... Read More >
nbsp I RESOLVE to hold a strategic planning retreat this year This even applies to solo practitioners. Do you know where you want to be , , years from now?... Read More >
I RESOLVE to take a proactive managed care stance Conduct a detailed review all of your current managed care relationships to assess what payers need to be eliminated and what... Read More >
nbsp A book entitled When Professionals Have to Lead A New Model for High Performance by the Harvard Business School Press mentions that most professional service firms yes, a medical... Read More >
nbsp The start of a new year along with pretty much any other date is a good time to assess your physician practice s marketing position and plan for the... Read More >
In most cases, taxpayers now use new Form to report capital gain and loss transactions. Schedule D, the form traditionally used to show these individual transactions, is now used as... Read More >
Physician Compensation and Production Survey In a statement released by the Medical Group Management Association, primary care and specialty-care physicians saw varied movement in compensation levels from to , according... Read More >
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