Accounting – MD Update

Accounting FRONT

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

February 1, 2021February 17, 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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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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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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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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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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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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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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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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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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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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