Motivate medical office staff and enhance productivity With all of the responsibilities and demands that medical office staff face on a daily basis e.g., unhappy patients to cope with, incessant... Read More >
Personal Tax Planning Strategies I hope that you and your loved ones are safe as you deal with the current COVID- crisis. What an incredibly difficult year this has been... Read More >
Succession Planning Whether you are a solo practicing physician or a member in a larger group practice, it s wise to begin thinking about succession planning. I have found in... Read More >
The Coronavirus Aid, Relief, and Economic Security Act CARES Act added the Paycheck Protection Program PPP to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease... Read More >
New PPP Loan Changes On Wednesday evening, the U.S. Senate passed the House version of Paycheck Protection Program PPP loan legislation, tripling the time allotted for small businesses and other... Read More >
Tensions can run high when it comes time for the practice to evaluate the performance of the front-office staff in medical practice. Many workers and even some managers will just... Read More >
May Edition of the Physician Advocate Spring is officially here As we figure out how to navigate this new normal, we stay committed to providing you with the best resources... Read More >
For years, financial and tax advisors have lectured about the wonderfulness of a Roth IRA and why you should convert traditional IRAs into Roth accounts. But, of course, you didn... Read More >
The COVID- outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to... Read More >
Medical Practice Tax News COVID- The Paycheck Protection Program PPP included in the CARES Act allows businesses with or fewer employees to receive loans to pay payroll costs, rent and... Read More >
There has been a lot of chatter and advice rendered on the listserv of the National Society of Certified Healthcare Consultants as we guide and advise our physician clients through... Read More >
April Edition of the Physician Advocate This past month has been one where business as usual has been disrupted. In this month s newsletter, I ve provided several great resources... Read More >
Fraudsters are taking advantage of these uncertain times caused by COVID- by impersonating the CDC, SBA, IRS and other government and healthcare organizations. Whether you re running a business or... Read More >
There is still a lot of uncertainty surrounding COVID- . The following are a few coronavirus-related questions and answers that may be on your mind. Will my PPP loan be... Read More >
Tax Considerations for Meals and Entertainment Expenses As baseball season approached, I thought it would be a good idea to review once again physician and medical practice write-offs for meal... Read More >
It s been a very busy week on the National Society of Healthcare Business Consultants listserv discussing daily operational issues and the SBA paycheck protection program. One exchange caught my... Read More >
The Impact of COVID- The long arms of the COVID- have jeopardized both lives and livelihoods. Surgeries have been unilaterally cancelled, and patients told to stay home, meaning revenues for... Read More >
The March Edition of The Physician Advocate Featured blogs Strategic Planning for Your Physician Practice Where is Your Ship Headed? SECURE Act s Impact on Physician s and Healthcare Professionals... Read More >
In my physician practice consulting endeavors, I ve noticed the amazing differences at how physician medical practices operate on a daily basis some good, some bad, some average. As such,... Read More >
When discussing medical practice operations, patient satisfaction isn t the only aspect of your practice dependent on strong links between the office and your patients. Your first and best opportunities... Read More >
Your medical practice or group works hard to settle on a sound market ing plan and your physicians pride themselves on their clinical reputations. Yet common, often over looked business... Read More >
Sometimes employees do not understand or follow the most basic workplace guidelines. As part of your physician practice management, here is a simple but comprehensive list that you can tweak... Read More >
Ransomware attacks are the most common type of malware incident in the healthcare industry, including physician practices. What is Ransomware? According to The Compliance Group, of all malware incidents were... Read More >
Accounts Receivable Financial Management Some medical practices inevitably fall behind their accounts receivable A R financial management. After all, there are often more pressing issues at hand, and the reconciling... Read More >
Welcome to the Firm s Newsletter Welcome to my new newsletter format for The Physician Advocate. I m excited about the new format and hope you will be too. As... Read More >
The Setting Every Community Up for Retirement Enhancement SECURE Act The SECURE Act changed the landscape for retirement and savings planning. As an accountant to physicians and their medical practices,... Read More >
The Physician Practice World is Full of Uncertainties We can t keep up with the regulations, audits, reimbursement changes, meaningful use stages, and so much more, so why would we... Read More >
Physician Practice and New Overtime Rules On September , , the Department of Labor issued its final ruling to increase the minimum salary threshold for executive, administrative and professional exemptions... Read More >
Building a Financially Healthy Physician Practice As changes continue to occur in the healthcare industry, physicians are taking a hard look at the numbers of a medical practice and gauging... Read More >
Physician Practices Here s what to expect in CMS Medicare issued its Final Rule This final rule updates payment policies, payment rates, and other provisions for services furnished under the... Read More >
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