Simple medical practice billing errors
As we call know, billing mistakes can cost your practice money, frustrate your patients and even put your relationship with insurance providers at risk however, the vast majority of billing... Read More >
2011 OIG Work Plan: Impact on Physician Practices
nbsp Evaluation amp Management Services In , Medicare spent nearly one fifth of its Part B payments on Evaluation and Management E amp M Services. Providers are responsible for ensuring... Read More >
Reminder CMS requires new time limits for filing claims
nbsp The Centers for Medicare amp Medicaid Services CMS earlier this year issued instructions requiring providers to submit Medicare fee-for-service claims within one calendar year from the date of service.... Read More >
2011 Pension Plan Amounts
nbsp The major pension plan and related amounts will stay the same for . This means, for example, that the following amounts will remain unchanged from their amount benefit limit... Read More >
Managed Care Do’s and Don’ts
nbsp If medical practices want patients and therefore a cash flow revenue stream, then you are more than likely going to have to participate in managed care plans. However, when... Read More >
Sing your staff’s praises
Many physicians and their managers might think that boosting office morale means having to boost staff salaries. In reality, money does not keep people happy for long, so trying to... Read More >
Importance of compliance for physician entities
nbsp Unfortunately, many physicians believe their activities are under the radar when it comes to fraud and abuse enforcement. A settlement announcement by the Office of Inspector General OIG of... Read More >
Estate tax strategies
There has been a great deal of discussion about estate taxes recently because there is no federal estate tax upon death during at least for now . We do not... Read More >
CMS identified Medicare enrollment problem, adds 48,774 physicians to PECOS ordering/referring list
As first reported by the Medical Group Management Association www.mgma.com , last week an official at the Centers for Medicare and Medicaid Services CMS reported that the agency identified a... Read More >
Managing by the numbers – Part 2
nbsp You also want to look at productivity, such as the number of patient visits office versus hospital , how many diagnostic tests or other in-house services were provided, and... Read More >
Managing by the numbers – Part I
nbsp One of my prior articles cautioned readers on the use of overhead rates as a financial indicator of practice performance. I called it diddling the overhead since overhead is... Read More >
An Online Way to Order Medical Supplies
nbsp Esurg.com is an online source of medical, surgical and pharmaceutical supplies to office-based healthcare providers. Its Website is located at www.esurg.com. Esurg.com is a convenient resource that helps practice... Read More >
“Incident To” and drug administration
Medicare utilizes information provided by the Comprehensive Error Rate Testing CERT contractor to select topics for education in an effort to reduce the provider compliance error rate and achieve positive... Read More >
Interim Relief from Reporting the Cost of Employer-sponsored Health Care on Form W-2
Beginning with Forms W- issued for , the Affordable Care Act requires employers to report the aggregate cost of employer-sponsored health care coverage on an employee s Form W- .... Read More >
Want to be a better performing medical practice?
Better performing medical practices use the following techniques to increase profitability strategic and profit planning cost management evaluation of capital structure and investments evaluation of tax policy and management internal... Read More >
Customer service training for a physician office
nbsp Every medical practice should be looking at how well they are delivering good customer patient service on a daily basis. Progressive practices conduct periodic customer service training programs for... Read More >
Continuity Planning for physician practices
Planning can ensure that your family and medical practice or any other healthcare entity business are protected. The long term survival of any business like a medical practice and the... Read More >
Steps for accessing Medicare PECOS system
Having problems accessing the PECOS system? Be sure to follow these steps Enroll security officials in IACS required to access PECOS IACS authorized individual for provider accesses PECOS Register Group... Read More >
64 percent of appealed RAC claims decided for providers
According to a recently released report from Centers for Medicare amp Medicaid Services CMS , providers won . percent of appealed claims during the three-year Recovery Audit Contractors RAC demonstration... Read More >
Workshop Today Regarding Accountable Care Organizations, and Implications Regarding Antitrust, Physician Self-Referral, and Anti-Kickback
nbsp Government is holding a workshop today on Accountable Care Organizations. You can hear it live at http web.stream .com clients intercall cms Here is the agenda - Opening Comments... Read More >
Evaluation and Management Coding Analysis Example
Coding Table For Family Practitioners The following worksheet shows a coding comparative for a family practice. All three family practitioners perform the same type of services. Now take a close... Read More >
Impact of expiring tax cuts on physician tax returns
nbsp Ninety days and counting until the Tax Act sunsets. Expect tax rates across the board to increase on January st unless new tax rules are enacted. Congress recently warned... Read More >
Other ways to keep quality medical practice employees from leaving
Provide Adequate Educational Seminar Opportunities nbsp Make sure all employees are kept up to date in their practice area. This is especially true for the office s CPT coder s... Read More >
Keeping Good Employees in Your Medical Practice
nbsp Step number one Treat them well. Now that the practice has filled the position, it must make sure to keep the hired employee for long time. However, as we... Read More >
IRS eliminating paper tax deposits
The IRS has issued proposed regulations that would discontinue the use of paper federal deposit coupons IRS Form , beginning on December , . The existing rules for depositing federal... Read More >
Improving front desk collections
nbsp Have an employee print the encounter forms in advance and contact the patient concerning their past due balances and the expectation of payment at check-in. When the patient checks... Read More >
Bad Debt Control Checklist for Enhanced Medical Practice Cash Flow
nbsp With what seems like a continuous decline in physician reimbursement, it is imperative that all practices collect every dollar they are entitled to. However we all know this is... Read More >
Administrator Performance Review Criteria
nbsp In my consulting practice, I am sometimes asked to assist in developing performance criteria for use in evaluating the position of clinic office Administrator Manager. In most cases we... Read More >
Sample overtime policy for a physician office
nbsp Work requirements and scheduling may occasionally require the need for overtime. Employees are expected to work overtime when it is requested. Every effort will be made to notify employees... Read More >
A refresher on the new health care reform mandates
INDIVIDUAL MANDATE Starting in , individuals must maintain minimum essential coverage or pay a penalty. The penalty will equal the greater of percent of modified adjusted gross income AGI or... 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 >
