Accounting

Accounting FRONT 

Cloud Accounting for the Healthcare Abyss

March 1, 2020April 2, 2020 Justin Hubbard, CPA, CGMA appropriate security safeguard, audit phi, business complexity, cloud, cybersecurity firm, editor of InformationAge, finance decision-makers, financial management, financial process, healthcare, Healthcare abyss, healthcare organization, HIPAA, HIPAA compliance, HIPAA requirement, HIPAA-compliant, HIPAA-compliant cloud, HIPAA-compliant cloud account solution, HIPAA/ HITECH-compliant, HITECH-compliant, impact revenue, industry performance, industry whitepaper, InformationAge, Intacct, large health system, lead national cybersecurity firm, pain of financial management, protected health information, sacrifice growth, sage Intacct, sage Intacct 's financial solution, small physician practice, software 's advanced audit trail, tighten regulation, total deployment time, transparency of information, whitepaper

Today’s healthcare organizations—from large health systems to small physician practices— are under pressure to achieve growth amid tightening regulations, consolidations,

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Accounting 

Tax Planning Tips

February 1, 2020April 2, 2020 Matt Smith, CPA, CFE advisor, amount of self-employment income, backdoor, bonus depreciation, care benefit, charitable contribution, contribution, contribution deduction, cost of qualify property, Dean Dorton, deduction, dependent care benefit, estimated tax, exclusion, FSAs, general information, HSA, HSA contribution, HSAs, income tax withhold, IRA, IRAs, medical expense, net capital gain, net long-term loss, net short-term capital gain, placed-in-service, pre-tax, pre-tax deduction, pre-tax option, previously-used asset, qualify property, realize capital loss, retirement, retirement plan deferral, Roth IRA, Roth IRA contribution, S corporation, S., self employment income, Self-Employed, Self-Employed plan, self-employed retirement plan, self-employment, tax loss, tax plan tip, wash sale, withhold

If you haven’t already, now is the time to assess your 2019 tax situation. A few items you may want

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Accounting 

How to Build a Compliant, Secure Healthcare Organization

May 1, 2019June 21, 2019 Gui Cozzi breach, building of the desired culture, cloud environment, current regulatory environment, cyber, Cybersecurity, defined organizational chart, definition of the information technology environment, definition of the organization 's risk, desired culture, development of a defined organizational chart, evolve threat landscape, future compliance, health information, healthcare, healthcare environment, healthcare organization, healthcare organization look, HIPAA privacy, identification, identification of a point person, identification of disrupter, identification of key risk, information technology environment, key risk, level of risk, operational effectiveness of the organization, organization 's continuity, organization 's risk, patient health information, point person, routine staff, secure healthcare organization, secure healthcare organization look, size of business, threat landscape, type of healthcare environment

What does a compliant, secure healthcare organization look like? The reality is that a compliant, secure healthcare organization is going

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Accounting 

Assessing Your Revenue

March 1, 2019May 13, 2019 Adam Shewmaker 30 day lag collection rate, assignment, backlog, bill backlog, billed charge, cash collection, charge entry, charge month, collection percentage, collection rate, collection ratio, contracted vendor, date of service, documentation, even personnel change, exercise plan, general performance concern, high charge month, increased cash collection, indicator, key performance indicator, lag collection rate, medical code, medical documentation, national benchmark, new exercise plan, organization 's revenue, overall collection rate, party payer, payer, payer mix, percentage of the prior period 's billed charge, personnel, personnel feedback, preventive check-ups, prior period 's billed charge, R age, R., revenue, revenue cycle, sluggish bill, staff performance, subsequent code assignment, type of personnel feedback

As we move along in 2019, many of us have established new habits to improve our fitness, diet, and overall

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Accounting 

Data Analytics for the Little Guy

December 1, 2018February 15, 2019 Jay Swacker

Community and smaller nonprofit hospital systems are feeling the ever-tightening squeeze of lower operating margins. The trends in costs and

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Accounting 

The Risks of Not Keeping Data Secure

November 1, 2018December 28, 2018 Gui Cozzi breach, breached healthcare record, complaint investigation, compliance review, confidentiality, confidentiality of sensitive information, cost of a breached healthcare record, Cybersecurity, cybersecurity incident, data breach, data breach report, example of a clinic, healthcare, healthcare organization, healthcare record, HIPAA, HIPAA privacy, human service 's website, integrity of the information, internal churn, key business risk, medical device, needed corrective action, notification cost, OCR, organization 's bottom line, Ponemon, Ponemon cost, Ponemon cost of data breach report, resolution agreement, resolution agreement require covered entity, service 's website, statewide agreement

Cybersecurity is considered as a key business risk by most healthcare organizations not just because of its potential impact to

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Accounting 

Physician Activity Now Under OIG Scrutiny: Revenue Impacts

September 1, 2018November 9, 2018 Shawn Stevison claim data, global period, global surgery period, incentive, item, new work plan item, OIG, OIG scrutiny, open payment data, open payment database, open payment program, payment, payment data, payment database, payment program, physician, physician activity, physician practice, post-operative service, practice pattern, proactive review of surgical case, receipt of incentive, required reported data, review of claim, review of post-operative service, surgery period, utilization pattern, work plan item

The Department of Health and Human Services (HHS) Office of Inspector General (OIG) routinely issues new Work Plan items. This

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Accounting 

Annual Compliance Training

May 1, 2018July 2, 2018 Shawn Stevison abuse concern, Anti-Kickback statute, Care fraud statute, civil monetary penalty, compliance, compliance program, criminal health, effective compliance program, element of a compliance program, element of an effective compliance program, element of the compliance program, exclusion statute, federal false claim act, general compliance, HIPAA privacy, implement train, improper claim, independent physician practice, OIG, physician, provision of example of improper claim, review of documentation requirement, section 6401, Self-Referral Law, statute, system 's required education, typical train element

LOUISVILLE As you may be aware, Section 6401 of the Affordable Care Act put into place a requirement that “providers

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Accounting 

Tax Planning Check-Up

December 1, 2017February 9, 2018 Matthew Smith, CPA, CFE 6% KY income tax bracket, bonus, business owner, Check-Up, current proposed reform, deduction, depreciation, employer, equipment purchase, expense, family coverage, good financial health, growth of the fund, healthcare, high-deductible, high-deductible health plan, HSA, immediate expense, importance of push income, K., KY income tax bracket, medical expense, patient 's physical health, post-tax dollar, pre-tax, pre-tax dollar, pre-tax health insurance option, pull deduction, push income, qualified medical expense, retirement, retirement plan, section 179, section 179 deduction, single coverage, take advantage of pre-tax health insurance option, tax benefit, tax deduction, tax plan idea, tax plan strategy, tax reform discussion, tax save idea, tax-free, taxable income, type of employer, vast majority of taxpayer

As a healthcare professional, you know that a routine annual visit with a doctor is an important part of maintaining

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Accounting 

Identifying Revenue Leaks within the Medical Practice

October 1, 2017 Adam Shewmaker, FHFMA appropriate medical code, back-office responsibility necessary, bad debt collection agency, balance, balance amount, bill question, business office, cash, cash collection, cash post, chart documentation review, code audit, coder, compliance concern, cross-training, Dean Dorton, dedicated focus, employee, employee dread, employee dread take time, excellent staff, follow-up, high patient satisfaction, identify revenue leak, medical code, missed revenue, patient balance, patient balance amount, patient insurance, patient visit, payment, physician, physician inquiry, physician practice, potential collection, practice 's code habit, practice administrator, professional coder, profitable outcome, R follow-up, R., recent twelve month period, reimbursement, revenue cycle, routine medical code assessment, single cure, single point of data, small portion of the back-office responsibility necessary, staff concern, task, team member, underpayment, unique patient mix, work go

With reimbursement shifting towards quality care and patient outcomes, it’s necessary for medical practices to take a fresh look at

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