The Importance of Strategic Planning for Medical Practices The term strategic plan has become very popular in recent years. Many healthcare entities now talk about doing medical practice strategic planning... Read More >
Preventing No Show Patients No show patients are an annoying and costly problem for practices. When it comes to excuses, doctors and staff have heard it all. No-shows usually fall... Read More >
The less hectic summer season is a good time to consider planning steps to cut your tax bill. With enactment of the One Big Beautiful Bill Act in July ,... Read More >
The Centers for Medicare Medicaid Services CMS encourages you to submit quality and cost measures for consideration for future years of the Merit-based Incentive Payment System MIPS . The MIPS... Read More >
What You Need To Know About The One Big, Beautiful Bill Act OBBBA On July , , President Trump signed into law the One Big, Beautiful Bill Act OBBBA .... Read More >
Court Denies Clothing Donations to Goodwill and the Salvation Army IRS Form Noncash Charitable Donations is used when you donate property valued at more than . If your deduction is... Read More >
Why a Compromised SSN Is a Serious Threat and How to Protect Yourself and Your Business By this point, my best guess is that most people s Social Security numbers... Read More >
Recently, the U.S. Department of Health and Human Services HHS , Office for Civil Rights OCR announced a settlement with Comstar, LLC, concerning potential violations of the Health Insurance Portability... Read More >
We have another HIPAA violation on the books, this time by a health fitness company. If you are a physician practice, learn from this. Read More >
No doubt your practice has some hard workers, and you'd never even think of employee theft. Well, it does occur. Can you catch it? Read More >
Creating a last will and testament is the first step in creating an estate plan - here are 10 reasons why you should prepare one. Read More >
In March 2023, OCR received a breach report concerning a ransomware incident that had affected a certain information system. Read More >
MIPS Resources The Centers for Medicare amp Medicaid Services CMS has posted new Merit-based Incentive Payment System MIPS resources to the QPP Resource Library. Please note, some of these resources... Read More >
Annuities have become a popular planning option for many people looking to diversify their retirement income. However, alongside this increased popularity, many myths about the pros and cons of this... Read More >
Assess the financial health of your medical practice with insights on efficiency, compliance, and key metrics to improve profitability and operational success. Read More >
Whether you're looking to maximize savings or take advantage of credits, there are steps you can take to ensure you're keeping more of your hard-earned money. Here are four strategies... Read More >
Retirement is a huge goal, but should not your only financial objective. How do you manage – and make progress toward – multiple goals? Read More >
The end of the tax year is almost upon us, so here are some tax planning tips to think about doing before the end of the year. Read More >
Your health savings account (HSA) can do more for you than you might think. Want to learn how to make the most of your HSA? The following tips can help Read More >
Review your MIPS performance feedback, including your MIPS final score and payment adjustment factors, on the Quality Payment Program website. Individual clinicians, groups, subgroups, virtual groups, Alternative Payment Model APM... Read More >
If you’re interested in forming a virtual group for the 2025 MIPS performance year, the election period will begin on October 1, 2024. Read More >
Hiring and retaining good employees is a BIG issue for all medical practices. Why? The obvious reason is that the talent pool of qualified people to work in a medical... Read More >
The practice manager's effort to control medical practice operating overhead never ends. We all know that it s not easy to hold overhead in line from year to year. But... Read More >
Imagine you have just gotten a raise at work. You are probably thinking about how you can afford that big purchase you've been wanting, or how you can finally go... Read More >
Besides providing their patients with the highest quality of care, the main thing all physicians want to do is maximize their revenue cycle management RCM and generate the largest amount... Read More >
Sticking to a budget can be challenging. You set goals, but impulse buys and variable expenses can make it difficult to stay on track. Are you looking for a different... Read More >
This summer is usually when new associates arrive for new employment at medical practices. The newly hired doctor could be a drag on a practice s finances if he or... Read More >
It's easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using your meeting time wisely. If you don t... Read More >
Beware of Scammers Posing as the IRS Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here s... Read More >
Saving for retirement was never on my radar as a twenty-something. I was young, short on cash, and not thinking about the future. But when I hit thirty, things changed.... Read More >
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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 >
