Accounting

&FRONT Accounting 

Outsourcing: The New Normal in Healthcare Accounting?

August 1, 2021September 9, 2021 Justin Hubbard account team, capability in-house, COVID-19, COVID-19 pandemic, Dean Dorton, facet of healthcare, healthcare, healthcare account, healthcare industry, industry 's top priority, long-term initiative, new normal, new normal call, new normal look, next pandemic, outsourcing, Outsourcing partner, Outsourcing partner offer, pandemic, partner, professional accountant, remote work, repeat of recent event, right outsourcing partner, routine account obligation, specialized financial insight, sudden remote work requirement, time-intensive effort, unprecedented difficulty, unpredictable staff shortage

The COVID-19 pandemic challenged every assumption in healthcare. Systems that were supposed to be redundant and resilient were pushed to

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Accounting 

Enhancing the Patient Financial Experience Utilizing a Dedicated Customer Service Unit

June 1, 2021September 9, 2021 Chip Dalton appropriate party, bill concern, complaint, complete self-pay refund, customer, customer service function, customer service representative, customer service team, customer service unit, dedicated customer service unit, essential assistance, knowledgeable consumer, main job function, patient 's overall financial experience, patient financial experience, patient statement, positive patient financial experience, price transparency, refund, revenue cycle, self-pay, self-pay refund, specific correspondence, timely maner

An effective and patient-friendly customer service team is critical to ensuring a positive patient financial experience. With increased focus on

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Accounting 

Revenue Cycle Strategies: Looking Ahead to 2021

April 1, 2021June 16, 2021 Adam Shewmaker, FHFMA account volume, action item, address staff challenge, alternative work arrangement, area of opportunity, attention of the healthcare community, automated innovation process, broad strategy, budgeted initiative, department-specific goal, dollar priority account, employee engagement, engagement, enterprise risk, exception-based, exception-based process, full-blown overhaul, healthcare, healthcare community, high priority activity, idea accelerator, impact change, improvement, improvement opportunity, incremental department-specific goal, internal team member, inventory of work, large dollar priority account receive aggressive follow-up, meaningful engagement, monitor plan, ongoing uncertainty, opportunity, organization 's risk, patient-facing, patient-facing process, potential improvement opportunity, priority, priority activity, R., revenue, revenue cycle, revenue cycle maintenance, revenue cycle strategy, sure identified risk, sustain progress, team member, use of kiosk, valuable feedback

Nearly one year ago, the attention of the healthcare community shifted very quickly to preventing and responding to a new

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Accounting 

21s Century Cures Act: A Guide to Understanding for Those without a PhD

February 1, 2021April 14, 2021 Kevin W. Cornwell 21, 21s century cure act, API, API criterion, API functionality, category of information block provision, CoC, compliance, compliance date, concept of the end goal, cure, cure act, current API criterion, edition health IT certification criterion update, EHI, EHI export, entire cure act, image002 Healthcare, image002 Healthcare provider, image003 health information network, image004 health IT developer, information block, information block provision, initial attestation, interoperability, IT, let 's look, MoC, MoC requirement, new standardized API functionality, notice requirement, provision, real-world test, relevant aspect of the cure act, request, requirement, result of real-world test, revised timeline, significant endeavor, st century cure act, submission of initial attestation, submission of initial plan, use of EHI, well-intentioned motive

Sometimes government does pass laws with well-intentioned motives. The 21st Century Cures Act (Cures Act) is a good example. Less

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Accounting 

Urgent Cybersecurity Alert: Imminent Ransomware Threat in the Healthcare Sector

December 1, 2020February 17, 2021 Gui Cozzi, CISSP, CISA, CRISC check configuration, CISA, cyber, cyber threat, cybercrime threat, cybercriminals, cybersecurity alert, Dean Dorton, FBI, healthcare, healthcare provider, HHS, HPH, imminent cybercrime threat, imminent Ransomware threat, implementation of a strong information security program, incident response playbook specific, information security program, infrastructure security agency, manufacturer release update, ongoing security risk assessment, organization-owned asset, password, patch operate system, public health sector, Ransomware, RDP, remote access, response playbook specific, risk of Ransomware, Ryuk, Ryuk ransomware, security risk assessment, strong information security program, threat, threat actor, TTPs, urgent cybersecurity alert

An advisory has been released by the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and

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Accounting 

2021 ICD-10-CM Code Changes Effective October 1, 2020

October 1, 2020December 1, 2020 Brandy Montgomery, CPC, CPMA acute chest syndrome, adverse effect, ankyloses, arthritis, articular cartilage disorder, cartilage disorder, cerebral vascular involvement, chapter 22 code, chest syndrome, collision involve electric scooter, consequence of external cause, COVID-19, D57, D57.213, D57.431, dislocation, disorder, disorder of ligament, external cause, external cause of morbidity, final rule, hundred of new ICD-10-CM code, ICD-10-CM, ICD-10-CM code, ICD-10-CM diagnosis code, image001 image002, M24.-, Mdm, musculoskeletal code, narcotic, new chapter 22 code, new code, new ICD-10-CM code, new sub-stages, non-motor vehicle accident, overview of the final rule, pathological dislocation, recurrent dislocation, rheumatoid arthritis, scooter, sickle-cell, sickle-cell thalassemia beta zero, sickle-cell/Hb-C, sickle-cell/Hb-C disease, specific joint derangement, synthetic narcotic, T40, U07.0, U07.1, vaping-related, vaping-related disorder

Below is an overview of the final rule as well as changes in various categories that may be important to

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Accounting 

Telehealth Services During COVID-19: What to Expect from Payers

August 1, 2020October 19, 2020 Jay Swacker, CPA, CIA, CHC, CHDA amount of time, bill personnel, CMS, commercial payer, COVID-19, COVID-19 public health emergency, COVID-19 temporary guidance, CPT, CPT code, differ state law, eligible telehealth service, guidance, health emergency, insurance, insurer, insurer 's requirement, Medicare, modifier, non-covered service, payer, payer type, physician, place of service code, post-payment, practice 's major payer, practice manager, provider, requirement, service code, telehealth, telehealth claim post-payment, telehealth service, telehealth visit, telehealth-specific, temporary guidance, track insurer 's effective date

Physician practices scrambled to offer telehealth services to patients during the first days of the COVID-19 public health emergency. At

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Accounting 

How to Assess Your Healthcare Practice Operations

May 1, 2020September 4, 2020 Adam Shewmaker accelerated medicare payment, breach notification rule, business hazard, care act benefit, care act stimulus, cash, cash disbursement, cash flow, cash flow forecast, cash receipt, change regulatory environment, civil right state, clear answer, code staff, control break, covered health care provider, COVID-19, current practice operation, decreased resource, economic injury disaster loan, forgiveness requirement, fraud triangle, full speed, future financial performance, future state of operation, good faith provision, good faith provision of telehealth, guidance, healthcare, healthcare crisis, Healthcare practice operation, HIPAA, HIPAA compliance, HIPAA privacy, human resource, injury disaster loan, maintain HIPAA compliance, medical practice face, Medicare payment, month-end reconciliation process, multiple business hazard, new code guidance, notification, office of civil right state, optimize care act benefit, partner, paycheck protection program, people feel increased pressure, poignant question, PPP, PPP fund, practice face, practice operation, process of transaction, report expenditure, required analysis, segregation of duty, short term operation, short-term account, take advantage, take advantage of the new code guidance, telehealth, term operation, violation of the HIPAA privacy

We understand the pressure you are experiencing during this crisis and know you may have questions about how the uncertainty

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Accounting 

Cloud Accounting for the Healthcare Abyss

March 1, 2020June 1, 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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