Paid Tax Return Preparers
nbsp IRS Commissioner Doug Shulman offered taxpayers the following recommendations when selecting a tax return preparer avoid preparers who claim they can obtain larger refunds than others or who base... Read More >
Annual OSHA Training Is the Best Way to Protect Your Employees and Maintain Compliance
nbsp Course listings Click here for details on each course or call - , ext. , for more information Employee Training Courses Basic OSHA Training Dental OSHA Training Ergonomics Fire... Read More >
Physician compliance plans – employee reporting
nbsp Any compliance plan in a physician s office has three objectives Prevent, Detect, and Correct. Critical to any plan are staff requirements for reporting any coding or billing compliance... Read More >
Do you have a strategic plan?
nbsp Do any of you have a strategic five ten year plan? You should hold physician retreats annually and plan into the future even if you are solo practitioner. The... Read More >
Reducing Payment Denials
nbsp What advice would I give for ways to reduce payment denials? Start simply but right away by implementing a simple system such as the following Flag all denied charges,... Read More >
Physician Mergers and Due Diligence
Physician Mergers Opportunities, dealing with present marketplace conditions or looking to the future has prompted many physicians to explore merging their practices with other physicians or even sell out to... Read More >
Patient phone call reminders
Looking for a system for phone call reminders to your physician office patients? If so, you might want to check out Inphonite s ReminderPro which is a hardware software package... Read More >
IRS Reminds Car Shoppers about Tax Break
The IRS reminded car shoppers that they have until to take advantage of a tax break that may not be around in . Individuals who buy a qualifying new vehicle... Read More >
Reduce Overhead by Expanding Your Schedule
nbsp Many practices look at the cost of rent as a fixed expense, when in fact in relationship to income rent could in fact be a variable expense when compared... Read More >
HPAA – Provide ongoing contract maintenance with your BA
Your work isn t done after signing a contract with a business associate BA . You need to do more than simply assume that your BA is following through on... Read More >
Use the Correct Modifier When Billing for Diagnostic Tests
According to a recent Transmittal from the Centers for Medicare and Medicaid Services, physicians and others are using modifier -PC to designate the professional component of diagnostic tests. However, the... Read More >
Medical practice corporate loans to employees – How to book interest at year end
nbsp Small physician practices and even some large ones every now and then extend loans to an employee, including a physician owner-employee. So in these instances, how do you book... Read More >
Year-end Charitable Donations – 2009
nbsp As year-end draws closer, the IRS notes that for donations of money which includes cash, check, Electronic Funds Transfer EFT , credit card, or payroll deduction , regardless of... Read More >
Non-Spouse IRA Rollover after death
nbsp Traditional IRAs have always allowed non-spouse beneficiaries to rollover IRAs as a DESIGNATED BENEFICIARY ACCOUNT DBA . Each of your three beneficiaries have until December of the year following... Read More >
Do Patients Have to Renew HIPAA Acknowledgements Every Year?
Understand HIPPA Requirements Private healthcare practices are required to comply with the Health Insurance Portability and Accountability Act HIPAA to protect patient information. However, questions often arise regarding how often... Read More >
Bad debt write offs – an example of digging deeper
nbsp If you are a Practice Administrator, one of your duties is to require a report of every account that is requested to be written off and review each one... Read More >
Overwhelming nurse phone call volume
nbsp Many physician offices have hard time dealing with the continual increase in nurse phone call volume. In most cases, the vast majority of total call volume is for the... Read More >
IRS Tax Publication Update
nbsp The IRS released updated Publication Your Federal Income Tax used to aid in the preparation of returns. There are more than law changes that took effect in that are... Read More >
Deduction for Nurse’s MBA
The Tax Court held in a summary opinion that a registered nurse could deduct expenses paid in in attaining an MBA with a specialization in Health Care Management MBA HCM... Read More >
IRS announces 2010 standard mileage rates
nbsp Beginning on Jan. , , the standard mileage rates for the use of a car also vans, pickups or panel trucks will be cents per mile for business miles... Read More >
Holiday Parties: 12 Tips for liability free events
nbsp Make no mistake about it, physicians and their employees can party down with the best of them. However, every year around this time, the Ghost of Christmas Parties Past... Read More >
Stark and personally performed services
Physician Self-Referral Regulations Personal vs. Referral Services The physician self-referral prohibition Stark regulations exempt from the definition of referral any designated health service personally performed or provided by the referring... Read More >
2010-2009 RBRVS side by side comparison
Frank Cohen is like the Energizer Bunny he just keeps going, and going, and going. He has now created a workbook that does a side-by-side comparison of the to RBRVS... Read More >
Business associates — who are you?
It s never too late to learn the actual definition of a business associate BA when it comes to HIPAA. A BA, as defined in HIPAA, means a person who... Read More >
Best front desk sign I’ve ever seen so far
nbsp I was in a primary care physician s office recently not a client where this sign was on the receptionist window We regret, but in order to see you,... Read More >
Crosswalk from consultations to other visit codes
Consultation Crosswalk Codes Frank Cohen www.cpahealth.com provided us with the table below this will be important for predicting future utilization and revenue cash flow since CMS is doing away with... Read More >
More sources for employee background checks
Looking for websites to run pre-employment background screens through? Here is what my clients are using www.publicdataworks.com www.ceoinfosolutions.com www.allisontaylor.com I shouldn t have to state the obvious but you need... Read More >
How to analyze a resume
Whether a job applicant is a physician, an administrator office manager or a medical technician, reviewing the resume is your first step in the selection process. Ostensibly, that resume provides... Read More >
Look ahead to your office’s future
Besides considering how the office affects your current practice, think about how the facility fits into your future. Offices often hinder doctors ability to change the way they practice. Don... Read More >
Charging a re-billing fee
nbsp I ran across a physician practice that has begun charging a rebilling fee beginning at days. They clearly state on their patient statements that the rebilling fee will be... 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 >
