Accounting – Page 2 – MD Update

Expected CMS and OIG Enforcement Targets for 2016

May 1, 2016 Shawn Stevison additional enforcement target, anesthesia, anesthesia service, anesthesiologist, Anti-Kickback, Anti-Kickback statute, arrangement, audit area, CMS, code compliance target area, compensation, compensation arrangement, compliance target area, designated stark exception, directorship, documentation, documented evidence, DOJ, enforcement, enforcement target, expected CMS, hospital entity, increased scrutiny, medical directorship, Medicare, medication, medication management, office staff, OIG, OIG work plan, outpatient, physician, physician home visit, physician office, physician prescribe pattern, place of service code, practice 's income, prescribe pattern, prescribe pattern of physician, prolonged service, publication of the work plan, referral, scrutiny, service code, settlement impact physician, stark regulation, target area, type of negotiation comment, value of referral, work plan, work plan detail expected audit area

Each year, the Office of Inspector General (OIG) for the department of Health and Human Services (HHS) issues a work

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Revenue Cycle – Back to the Basics

March 1, 2016 Adam Shewmaker accurate patient data, appropriate code, benefit verification, centralized schedule, certified coder, clean claim, clinical documentation, complexity of service, core, core of the revenue cycle, critical revenue cycle fundamentals, curveballs, denial, denial management program, documentation, EHR, front-end service, fundamentals, healthcare, healthcare industry, healthcare industry pitch curveballs, healthcare organization 's chance, important stage of the revenue cycle, insurance mandate, key fundamentals, metrics, organization 's likelihood, organization 's patient access area, point of service collection, potential net revenue, proper reimbursement, revenue, revenue cycle, revenue cycle fundamentals, sea of change, service collection, single group of people, spectrum of care, strong foundation of critical revenue cycle fundamentals, vital role

Just like in sports, it’s important to have a strong core set of skills or players to build around. As

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Giving the Gift of Tax Savings

December 1, 2015January 20, 2017 L Porter Roberts Jr, CPA additional tax save, benefit administrator, Care assistance program, care credit, child/dependent, child/dependent 's care provider, common goal of shelter income, cost use pre-tax dollar, CPA, credit 's benefit, deferral, dependent Care assistance program, dependent care credit, employer 's retirement, estimated tax payment, file form, gift of tax save, gift-giving season, H.S.A., H.S.A. account, HDHP, high income taxpayer, high-deductible, high-deductible health plan, income taxpayer, investment income tax, K., medical expense, pre-tax, pre-tax dollar, qualified retirement, qualified retirement plan, retirement, retirement goal, retirement plan, shelter income, tax bill, tax payment, tax plan, tax save gift, tax-free, taxpayer, type of plan, wage, year-end strategy, year-round endeavor

Tax planning is a year-round endeavor, but there are numerous year-end strategies that might reduce your 2015 tax bill. As

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Do You Have the Tools to Effectively Manage Your Practice?

June 1, 2015 L. Porter Robers Jr., CPA advantage of the practice, advisor, aged account, bill, bill pay process, bill pay service, bill pay system, date of service, effective internal control, electronic bill pay system, entire month of bill, example of key performance indicator, financial statement, indicator, internal bookkeeper, invoice, key performance indicator, key performance indicator specific, management physician, metrics board, monitor key performance indicator, off-site server, payable process, payer, physician, practice advisor, practice advisor service, preliminary work of scan, real-time advice, real-time financial statement, receivable outstand, Receivables, revenue cycle, tax plan service, tax return, time maintain compliance, tool

As the healthcare industry has changed, so has the relationship between a physician and their practice advisor. Practice advisors should

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10 Year-End Income Tax Planning Tips

July 1, 2014 L Porter Roberts Jr, CPA additional 3.8 % tax, additional tax break, cafeteria plan, care benefit, CPA, deduction, deferral limit, dependent care benefit, efficient improvement, estimated tax payment, exclusion, geothermal heat pump property cost, gift, HDHP, health reimbursement account, heat pump property cost, high-deductible, high-deductible health plan, home equity loan, home office deduction, HSA, income tax plan tip, increased withhold, K., medical expense, medical reimbursement plan, net investment income, Non-Employees, Plan/401, pre-tax, pre-tax basis, Pre-Tax payroll deduction, proper tax plan, qualified medical expense, qualified retirement, reimbursement, reimbursement plan, residential energy, retirement, retirement goal, retirement plan, self-employed health insurance deduction, separate bank account, shortfall, small wind energy, spend account, store aisle, substantial tax dollar, tax credit, tax payment, tax save suggestion, tax shortfall, tax-free, vision insurance premium, withhold

Even though the store aisles are already littered with holiday decorations, there is still time for you to minimize your

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Business Disaster Plan: The Essentials

May 1, 2014January 20, 2017 Camille Oliver base state-, BCP, business disaster plan, charge of the company head-count, charge of the head count, company head-count, comprehensive document, county-level plan, cover recovery, cross-training personnel, disaster, disaster plan, emergency, emergency management cycle, emergency management professional, emergency operation plan, EOP, firm 's key, head count, immediate emergency, impact of future incident, key-codes, list of emergency, list of the risk, major car accident, mitigation, mitigation tool, off-site data backup, practice face, preparedness, receptionist, recovery, response phase, risk specific, tanker truck crash lead

You already know you should have a disaster plan for your practice. Every time you read about a bad tornado,

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Keeping More of What You Earn

September 1, 2013January 20, 2017 Matt Smith $, begin of flu season, begin of year-end tax plan season, bonus, bonus depreciation, capital gain, Care assistance program, common goal of shelter income, cost of health insurance premium, CPA, deduction, dependent Care assistance program, depreciation, employer, employer 's retirement, employer health insurance premium credit, expense, flu, flu season, H.S.A., HDHP, health insurance premium, high-deductible, high-deductible health plan, insurance, K., maximum, medical expense, physician, Plans/401, potential tax credit, pre-tax, premium, prior year tax return, private practice, qualified retirement, retirement, retirement goal, section 179, separate bank account, shelter income, small employer health insurance premium credit, staff 's health, tax credit, tax save tip, tax-free, taxpayer, year tax return, year-end tax, year-end tax plan season

As temperatures begin to fall, some of you will view this as the beginning of flu season. For us, it

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Accountable Expense Reimbursement Plans

May 1, 2013 Matthew S. Smith accountable expense reimbursement plan, accountable plan, additional tax burden, adequate substantiation, alternative minimum tax, business expense, cell phone, CME, compensation, CPA, D., deductible business expense, deduction, employee, employer, employer payroll tax, employment contract, excess advance, expense, expense allowance arrangement, expense reimbursement, federal tax provision, guaranteed wage, Harvey, Harvey D., income tax, individual income tax return, L., payroll, physician, Porter Roberts, reimbursement, tax benefit, tax reduction, tax save, taxable compensation, type of plan, wage, worker 's compensation

January 1, 2013 was the effective date for numerous Federal tax provisions geared towards raising additional tax revenue. This article

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5 Financial Mistakes to Avoid

February 1, 2013 L. Porter Roberts, Jr address compensation, advisor, Ask question, budget, budget address retirement, buy-in option, cash flow, contract language, CPA, current choice, debt, debt repayment, employer match, employer-sponsored plan, employment agreement, financial advisor, financial mistake, financial well-being, future impact of current choice, insurance, insurance advisor, L., lender pre-qualifies, long term impact of the debt repayment, long-term disability insurance, major financial event, medical service group, medical service group of Barr, mistake, mistake #1, mistake #2, mistake #3, mistake #5, obtain adequate life, opportunity meet, overall financial plan, overlooked item, personal budget, Porter Roberts, pre-qualifies, private banker, repayment, saving/, self-made wealth, successful financial future, team of qualified professional, team of trusted advisor, wonderful financial opportunity

As 2013 begins, many of us have made resolutions to improve our lives. Being CPAs, we tend to reflect more

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Frustrated with the Rising Cost of Health Insurance Coverage for Your Staff?

March 1, 2012 L. Porter Roberts, Jr $, amount of the credit, Anderson, average wage, Barr, calculation, CFE, coverage, CPA, employee, employee 's health, employer, employer health insurance premium, FTE, full-time, health insurance coverage, healthcare reform legislation, insurance, L., medical practice, mid-level, mid-level provider, mound of page of healthcare reform legislation, phase-out, physician-owners, Porter Roberts, premium, PSC, rise cost of health insurance coverage, Roberts, S., significant tax save, small employer health insurance premium, small employer provide health insurance coverage, tax credit, tax year, wage

LEXINGTON Buried in the mounds of pages of healthcare reform legislation is a tax credit available for certain small employers

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