The following was posted on a listserv yesterday which begs the question Are your practice employees trained in all facets of HIPAA? Have you provided them with the appropriate education... Read More >
The IRS announced cost-of-living adjustments applicable to dollar limitations for pension plans and related amounts for . Some amounts change due to cost-of-living adjustments, while others are Code-required changes. For... Read More >
Only of adults know that they shouldn t spend more than of their retirement savings a year to avoid running the risk of outliving their nest egg this according to... Read More >
Here is a question that was recently posed We have fee schedules based upon a of Medicare, multiples of RVUs, multiples of RVPs and multiples of RBRVS. I will be... Read More >
Sometimes a patient will check out and want to pay cash for their appointment however, all the patient has are big bills to pay with. If a patient is willing... Read More >
The Social Security Administration announced that the social security wage base will be , , an increase of , from the wage base of , . As in prior years,... Read More >
Medicare Payment Hold Zip Code Requirement Affects Providers in States The post is taken from a AHLA listserv post by Louise Joy, a healthcare attorney in Austin, Texas. As she... Read More >
Well it looks like the process is starting ..I m getting more and more calls and inquiries from physicians that want to merge their practices together. I think physicians, especially... Read More >
I am a preacher that all medical practices should code out and bill all services that are rendered per the CPT code book, unless of course such coding is not... Read More >
Restrictive covenants are a fact of life in most employment agreements. But having one and enforcing it when an associate or partner leaves to set up a competing practice are... Read More >
From a recent blog post by Peter Lucash George Clooney HIPAA Violation Actor and heartthrob George Clooney was involved in a motorcycle accident in northern New Jersey about three weeks... Read More >
If the concept of income division itself is flawed, one aspect is most troubling A group s formula may adversely influence physician behavior. Traditionally, groups sliced up the income pie... Read More >
For smaller expenses, such as lunch for the office, miscellaneous supplies, and unexpected minor expenditures, many offices maintain a petty-cash drawer or box. This system can work very well if... Read More >
Tax Treatment of Goodwill, Covenants, and Consulting in Medical Practice Transactions When buying or selling a medical practice, goodwill and coventant not to competes may be including in the purchase... Read More >
Taxpayers can now request an employer identification number EIN through a Web-based system that instantly processes requests and generates EINs. The EIN application on www.irs.gov is interactive and asks questions... Read More >
Managing Part-Time Partners Key Considerations for Fair Compensation Being a partner or shareholder in a medical practice demands full-time involvement. But, as more doctors seek to better balance their lives... Read More >
Here s an intriguing practice management idea Appoint someone to be the floor manager, responsible for overseeing all staff as they process patients during office hours. I know what you... Read More >
This year the American Medical Association announced that CPT will include new codes, revised codes, and a wealth of deleted codes about more changes than last year. nbsp CPT Overview... Read More >
Here is a website with free charting tools and other products you might want to check out: http://www.freechart.com/index.php Read More >
An effective group mission statement outlines your purpose, your priniciple activity to achieve it, and your core values. It answers the question Why should your practice exist? To help you... Read More >
nbsp Once you agree on what incentives to include in your compensation plan, focus on the specifics of how your physicians can achieve them. Here are some success factors in... Read More >
nbsp CMS has posted a new Stark advisory opinion on its website. The opinion addresses the following question Your request pertains to a physician recruitment arrangement the Arrangement that was... Read More >
How to Screen a Physician Candidate s Family for Insight into Their Motivation Screening a physician candidate s spouse and any older children e.g., teenagers can give you insight into... Read More >
Comprehensive HIPAA Training Privacy amp Security in One Video Privacy, Security, and You Protecting Patient Confidentiality under HIPAA is a -minute video from HcPro that combines two components of the... Read More >
Introducing your patients to a new PA or NP presents you with a moment of truth. Sometimes patients resist being brushed off onto someone they consider a second-rate practitioner. Helping... Read More >
nbsp The standard Medicare Part B monthly premium will be . in , an increase of . , or . percent, from the . Part B premium for . The... Read More >
OIG posted the Fiscal Year 2008 Work Plan to their website To access the new Work Plan go here: http://oig.hhs.gov/08/Work_Plan_FY_2008.pdf Read More >
Looking for a refresher on ADA? Remember unlike FMLA, it applies no matter how many employees you have………… http://consumerlawpage.com/brochure/disab.shtml Read More >
nbsp Competition for good candidates forces many physician practices to reduce time to partnership today. The typical two-year wait is dangerously short already that s not much time to evaluate... Read More >
nbsp From www.mgma.com An intense lobbying campaign by MGMA, pharmacy organizations, state officials and provider groups has caused Congress to issue a six-month delay of the Oct. requirement to use... Read More >
Subscribe to my blog
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 >
