If your practice is typical, third party reimbursement for physician services comprises the mains source of revenue. Therefore, work to manage the complexities of your overall reimbursement by establishing defined... Read More >
nbsp I get so frustrated when I see collection failures at the front desk. If you think it is not that big of a deal your co-pays don t get... Read More >
nbsp A patient steals the wallet of a health care worker while at the hospital. The credit cards are used before they can be canceled. The health care worker views... Read More >
There will come a time when you will receive patient statements returned from the patient s family, indicating our patient is deceased. You should verify with the local probate office... Read More >
The deposition is not a time for you to present your malpractice case. Rather, it is a chance for opposing attorneys to ask you whatever they wish to know, to... Read More >
It s all well and good to recognize that many patients lifestyles have shifted away from the traditional -to- , Monday-to-Friday work week. But consider, too, how your own staffing... Read More >
To find a physician who fits well with your practice, you must know where to look. There are many effective methods of doing so, such as advertising, searching residency programs,... Read More >
nbsp The Centers for Medicare amp Medicaid Services CMS has identified a problem where claims were not automatically crossing over to supplemental payers even though the provider remittance advice indicated... Read More >
Is there a HIPAA standard for the retention of medical records and billing information? The HIPAA privacy rule does not provide specific requirements for the retention of medical or billing... Read More >
Email is becoming a frequent way to communicate with patients. However, you must concern yourself with HIPAA s privacy issues. Your office policy should state that patients must first give... Read More >
nbsp The Centers for Medicare amp Medicaid Services CMS is revising the section of the Medicare Claims Processing Manual to implement changes to CFR section . that were made in... Read More >
nbsp Even with separation of duties, I find the lack of proper business oversight of internal practice controls astounding. In any position held with personal financial responsibility, you shouldn t... Read More >
The clearest, most comprehensive final reports do little good tucked away in a filing cabinet. That s why billing and collection experts suggest regularly giving your receptionist an incoming call... Read More >
Survey your physicians and allied healthcare providers to learn more about their perceptions of the practice. Like the one for staff, the physician survey allows physicians to think about and... Read More >
To stay on top of collections and to improve your cash flow, send out statements on a regular basis, such as weekly or biweekly. Never hold the statements for more... Read More >
nbsp Below is a summary of some of the key tax provisions that may apply to your tax return. Prepared by my friends at Briggs Veselka, a CPA firm located... Read More >
Sometimes bad habits are fairly innocuous. However in the workplace, they can ruin a career and disrupt internal business. The January issue of the Journal of Accountancy www.journalofaccountancy.com listed work... Read More >
nbsp How many physician employment contracts contemplate reduced duties prior to retirement? Believe it or not, not as many you might think. The key is that exercising the slow down... Read More >
nbsp When it comes to estate planning, I have found that many wealthy families don t worry whether there will be enough money for the kids but whether the kids... Read More >
nbsp This year will be a pivotal one for retirement planning, as it will be the first year in which taxpayers will be able to convert funds in regular IRAs... Read More >
nbsp The term small providers originates in the Administrative Simplification Compliance Act ASCA , the law which requires those providers submitters who bill Medicare to submit only electronic claims to... Read More >
I recently finished reading Don Lowman s book Closing the Engagement Gap, which is based on a study of , employees around the globe. Great companies i.e your medical practice... Read More >
The Senate and the House have approved H.R. , a bill to accelerate the income tax benefits for charitable cash contributions for the relief of victims of the earthquake in... Read More >
nbsp Back in , President Bush introduced Health Savings Accounts HSA . Only individuals or families covered under a high-deductible health insurance plan during the year are eligible to contribute... Read More >
To make changes in your physician medical practice or any business for that matter you need an action plan. Creating an action plan doesn t need to be a long... Read More >
Learn about "Under Arrangements" in healthcare—agreements between hospitals and physician-owned entities. Understand Stark Law implications, compliance, and restructuring options. Read More >
Here are a few suggestions for a simple strategic planning meeting one usually without an outside facilitator even though I don t recommend this . This format works especially well... Read More >
An employee with an employer-provided cell phone receives a nontaxable working condition fringe benefit to the extent he or she uses the phone for business purposes, and the cell phone... Read More >
Faced with economic uncertainty and financial woes, doctors in private practice are increasingly turning to hospitals for employment. I m hearing more and more of this activity in the past... Read More >
With the rollout of the Recovery Audit Contractor RAC audit program in full swing, physicians should be paying close attention to their medical record documentation efforts. One of the Medicare... Read More >
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