Successful Physician Marketing: Four ways to improve your bottom line Practice providers and office managers may think marketing requires a lot of money due to the cost of implementing newspaper ads, radio spots, TV commercials, or brochures and even social media programs, but these are only one … [Read more...]
Billing for Services when Medicare is a Secondary Payer
Medicare Secondary Payer Background Medicare law and regulations require all entities that bill Medicare for services or items given to Medicare beneficiaries to decide whether Medicare is the primary payer for those services or items before submitting a claim to Medicare. (See Section 1862(b)(2) … [Read more...]
OSHA Overview Medical Practices
OSHA Overview Remember OSHA? Seems like we’ve forgotten about it. However, like HIPAA, your medical practice has to be in compliance – Are you? Here is a brief overview of the bloodborne pathogen rules under OSHA. When reading what OSHA requires employers to do, ask yourself – Am I doing these … [Read more...]
Individual 401(k) Plans: An Overview for Solo Physicians
Individual 401(k) Simply put, an Individual or Solo 401(k) is a retirement account designed for the self-employed, or business owners with no full-time employees, like a solo physician practice. An Individual 401(k) plan offers many of the same benefits of a traditional 401(k) with a few distinct … [Read more...]
SEP IRA vs Solo 401(k)
SEP IRA vs Solo 401(k): Which Should You Choose? How do you multiply your net worth? Let the government help. Here’s how: With both the SEP IRA and the solo 401(k) retirement plans, your investment in your tax-favored retirement creates tax deductions for the money you invest in the plan, grows … [Read more...]
Due Diligence in the Physician Merger Process
Physician Merger Due Diligence You and another or a group of physicians are considering a merger with each other. In any medical practice merger, the most important part of the merger process is conducting your due diligence. The initial funding for this due diligence process should first be … [Read more...]