How to optimize physician time
To find and eventually minimize wasted physician time, conduct a time motion study on each doctor s practice style. Begin with noting the start time of each identifiable doctor task.... Read More >
Jackson & Coker’s 2008 Physician Compensation Survey
In the recent Jackson amp Coker compensation survey, of physicians believe they are underpaid Clinical skills, workload, and medical liability don t always equate with what physicians perceive as adequate... Read More >
CMS Bans Use of Physician Signature Stamps; Handwritten or Electronic Signatures Now Needed
Reprinted from REPORT ON MEDICARE COMPLIANCE, By Nina Youngstrom, Managing Editor, nyoungstrom aispub.com It appears that CMS has effectively banned the use of physician signature stamps, which means that orders,... Read More >
Doctors Start To Say ‘I’m Sorry’ Long Before ‘See You In Court’
nbsp By Kevin Sack The New York Times May , nbsp In years as a highly regarded cancer surgeon, Dr. Tapas K. Das Gupta had never made a mistake like... Read More >
Internal control ideas for accounts payable
nbsp The following are a few internal control ideas related to accounts payable administration nbsp Have only a physician sign checks. Pay by invoices, not statement, with a knowledgeable person... Read More >
Today is NPI compliance day
Today, all medical groups and other providers must submit reimbursement claims and other transactions electronic and paper to Medicare and private health insurers with National Provider Identifiers NPIs . If... Read More >
HIPAA: referral to a specialist
From HcPro s monthly newsletter Briefings on HIPAA nbsp Q When a physician from our office refers a patient to a specialist, is a signed medical release from the patient... Read More >
Could you face an IRS audit in 2008?
Well your chances certainly have increased. The payoff for the IRS? . billion in enforcement revenue, compared to . billion in and . billion in . The IRS filed .... Read More >
Conducting background checks on new employee candidates
We all know that physician practices and any other employer should conduct criminal, civil and credit checks on all potential employees in every state where it is allowed. Most services... Read More >
Treating a family member- will Medicare pay?
nbsp A provider may not bill Medicare for any service provided for or ORDERED for his or her immediate family member. You should check individual contracts to see if the... Read More >
A work mantra to live by
I was talking to my neighbor last night, catching up with what s been going on with work, etc. He works for Baker Hughes and puts in dog hours when... Read More >
Federal fraud recoveries hit new high
A million federal fraud settlement with Tenet Healthcare Corp., Dallas, helped push the U.S. Justice Department s fraud recoveries to a record . billion in the fiscal year ended Sept.... Read More >
Common omissions on your patient registration form
As you review your patient registration form, don t take anything for granted. You may be surprised to discover your form fails to ask some basics such as Emergency contact... Read More >
Payer pricing transparency: Next generation steps
Beware of broad terms about what the payer may publish, such as Provider agrees to be included in our online and paper provider listings. That used to mean your name... Read More >
Product Watch: Another Credentialing Software
Yesterday’s post suggested two managed care credentialing software products you might want to check out; here’s another – it’s called symplr: https://www.symplr.com/cactus-provider-management Read More >
New Form for Misclassified Workers
nbsp The IRS has developed a new form for an employee who has been misclassified as Independent Contractors by an employer. Uncollected Social Security and Medicare Tax on Wages, Form... Read More >
Product Watch: Credentialing Software
Here are two credentialing products you might want to check out: OneApp Pro http://www.symed.com/products_OAP.aspx and Enroll DR http://www.enrolldr.com/Software/index.html Read More >
Simple ideas for employee retention
When you find good people, you want to keep them. Here are a few simple ideas to help retention of these good people . Handwrite a personal note telling an... Read More >
CMS Issues Clarification Regarding “Incident To” Services
From the Vinson Elkins law firm www.velaw.com On May , , in response to multiple inquiries, CMS issued a set of clarifying instructions regarding policies for services furnished incident to... Read More >
HIPAA is very serious business
I found this little item in yesterday s issue of Modern Healthcare s Daily Dose electronic newsletter www.modernhealthcare.com . It just goes to show that HIPAA can have a strong... Read More >
Looming retirement becoming a major concern
In a recent survey of CPAs holding the personal financial specialist credential, out of CPAs surveyed said their individual clients were concerned about retirement. The research also noted that almost... Read More >
New Worries for 401(k) Plans??
I found thia article in the recent issue of Legal Times magazine this is something you might want to talk to your financial advisor about if you have a k... Read More >
How to better validate your patients’ coverage
Validating patient coverage before you begin treatment is increasingly important. You run the risk of financial loss if you mistakenly accept or treat patients whom you believe are current members... Read More >
OIG links you should know about
nbsp For the index of recent OIG Advisory Opinions, follow this link http oig.hhs.gov fraud advisoryopinions opinions.html nbsp To see Frequently Asked Questions FAQs on the OIG Advisory Opinion process,... Read More >
High Net Worth Survey: More Pessimism, Fewer Advisors
The number of high-net-worth HNW Americans functioning without a financial advisor has risen to , a record high finding for the just-released Phoenix Wealth Survey. As pessimism over the U.S.... Read More >
Hire help to keep your nurses efficient
Although I urge using nurses and other assistants to handle tasks that help the doctor see more patients, be careful about bogging down the nurses which, in turn, slows the... Read More >
Actual lease vs equipment lease
Many times a physician practice will lease a piece of equipment and immediately think it can deduct the lease payments as they are made to the lessor. Many physician practices... Read More >
HIPAA and employee access to their own record
Another HIPAA Q amp A from HcPro s newsletter Briefings on HIPAA nbsp Q Do HIPAA regulations forbid employees from accessing their own records? For example, could a hospital employee... Read More >
Tips for your managed care exit strategy
As reimbursement continues to decline has a managed care plan ever called you to say you were getting a raise? , physician practices are going to have to take a... Read More >
Practice start ups – finding the right counsel
This actually is a critical component to getting off on the right foot. That is, making sure that you have the correct legal and business structure that will work with... Read More >
Subscribe to my blog
Categories
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 >
