Why did the performing provider receive a 1099 instead of the billing provider?

Written by Reed Tinsley, CPA | November 16, 2018

Ensuring Accurate 1099-MISC Reporting for Medical Practices

Each year, third party payers receive numerous requests from providers to make corrections to their miscellaneous income statement (form 1099-Misc). The majority of the requests are to move income from an individual provider’s 1099 to the group’s 1099. Most of these 1099s are in fact incorrect because the claims submitted by the provider identify the billing provider incorrectly. The claims list the performing provider in the billing provider field, so payments and 1099s are issued to the individual. To guarantee that your 1099 is correct, make sure that your billing agent is using the correct provider number on all claims—paper or electronic. This is important for individual providers that received 1099s in their personal name and Social Security number, and requesting the 1099 be changed to the group practice name and tax identification number.
Contact REED TINSLEY, CPA today to streamline your billing processes and protect your practice's income.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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