Medicare's Quality Payment Program The Centers for Medicare & Medicaid Services (CMS) has updated the Quality Payment Program website to include 2020 Alternative Payment Model (APM) Incentive Payment details. To access this information, clinicians and surrogates can now log in to the QPP … [Read more...]
Addressing Decline in Managed Care Payer Reimbursement
Managed Care Contracting Here is a recent email exchange between practice administrators regarding managed care: First administrator: I was in the dumps already since Aetna and BC/BS of Texas alerted us least week of fee changes. Today I get a letter from United that they will also change … [Read more...]
Medical Practice Accounts Payable and Internal Controls
Medical Practice Accounts Payable Internal Controls The vital role that internal controls play within any well managed medical practice is widely recognized. Knowledgeable practice managers are well aware that poor controls in this single area can result in far more dire consequences than simply … [Read more...]
Physician Gut Check: Are you Lagging in Retirement Savings?
The status of your retirement savings People, especially my physician clients, put off a retirement savings plan for a number of reasons. For many, retirement appears far enough away to not make it an immediate priority. Others don't think they are earning enough money to save for retirement. Some … [Read more...]
New PPP Loan Forgiveness Guidance
Guidance on owner-employee compensation and rent-related costs Recently the American Institute of CPAs released information that the U.S. Small Business Administration (SBA) and Treasury issued an interim final rule addressing Paycheck Protection Program (PPP) loan forgiveness issues related to … [Read more...]
The ABCs of Building a Financially Healthy Medical Practice
Want a Financially Healthy Medical 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 whether the year at hand will be economically successful. To analyze the productivity of the practice, physicians … [Read more...]