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 >
What is the difference between direct and incident-to billing
Understand Incident to Billing Rules This is where many practices have become confused. Medicare has offered two different options for the non-physician providers that we are focusing on today, NPs,... Read More >
Identify and use staff members’ strengths
Imagine this Your staffers know each other s abilities so well that they smoothly step in to perform their tasks while efficiently handing over other tasks to more suitable and... Read More >
GAO Finds Health Savings Accounts Used by Wealthy, Not Average Working Americans
Here is something interesting from last week’s HFMA newsletter; as you might recall, there was a hope that health savings accounts participation would continue to rise………………… Read More >
Whiteboards and HIPAA
From HcPro s newsletter Briefings on HIPAA Q Is writing patient s full names on whiteboards permissible? Using only initials and or first names to identify patients is very confusing... Read More >
Another comment about employee bonus programs
nbsp This again is another observation on why there aren t many employee bonus programs within physician medical practices. Most physicians have a bonus program but the employees rarely do.... Read More >
Exception reports: What you don’t know is costing you
If your computerized billing system doesn t permit automatic comparison of what you re paid to what you re supposed to be paid by each third-party payor, it s probably... Read More >
Who takes credit cards…and other lessons on getting paid
Peter Lucash s blog has written post about a physician credit card survey by SK amp A I ve written before about my frustration, as a patient, with practices who... Read More >
Dr. Slow Down – putting it in writing
nbsp Want to see how one practice handles a physician who wants to slow down ? Here is a real life example of how such an event is actually written... Read More >
Product Watch: Encounter Form Maker
Need to quickly and accurately prepare a superbill/charge ticket? If so, check out Competitive Solutionsโ Encounter Form Maker: Read More >
When must an employee provide medical certification to support FMLA leave?
It is the LAW that the employer can require certification from the employee s healthcare provider. For more information, click on this link http www.dol.gov dol allcfr ESA Title Part... Read More >
Med school group pushes curbs on industry gifts
As reported by Modern Healthcare Academic medical centers should accelerate their adoption of policies to better manage and, if necessary, prohibit industry gifts, free drug samples and sponsored educational programs... Read More >
Quickbooks internal control feature
In quickbooks, make sure the audit trail button is turned on so you can see changes made to original transactions you can find this under company preferences . Quickbooks does... Read More >
HIPAA and collection agencies
nbsp Does the HIPAA Privacy Rule permit a covered entity or its collection agency to communicate with parties other than the patient e.g., spouses or guardians regarding payment of a... Read More >
16 Things I Wish They Had Taught Me In School
Once in a great while a list is written which is filled with relatable wisdom. This particular list addresses, fear of failure, use of time, giving first in order to... Read More >
New Jersey Cardiologists Guilty of Embezzlement of $840,000 from Hospital in Referral Scheme
From the American Health Lawyers Association www.healthlawyers.org Two cardiologists pleaded guilty on February , , to embezzlement of , from the University of Medicine and Dentistry of New Jersey UMDNJ... Read More >
Your perception of marketing
nbsp Many of my clients share with us that marketing is something of a dirty word to them. They feel that it is awkward and undignified to market healthcare services.... Read More >
How to keep track of and evaluate your payers
Keeping track of and evaluating Medicare, Medicaid, and other area payers is one of your most important jobs. Your schedules should reflect that significance by including processes and procedures that... Read More >
Why a Baseline Audit Benefits Your Practice
If a practice has never performed an E M audit or any other type of audit used for gathering data, begin with a baseline audit to determine the level of... Read More >
A suggestion to save physician time
In many practices, physicians are interrupted throughout the day to respond to patient telephone inquiries. Fewer patients seen means less revenue. Productivity suffers whenever a physician takes time away from... 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 >
