Here Are Your Articles for Thursday, July 06, 2017
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  • Is This Your Situation: Handling Human Resources Issues in Your Medical Practice

    Human resources (HR) is a big industry in the business sector. Companies work with HR professions either as outsourced contractors or in-house experts for many good reasons. Click through to learn more about addressing HR issues in your medical practice.

    Saved on 07-01-2020 - Remove
  • Telehealth Becoming More Prevalent in the Healthcare Industry

    Telehealth is continuing to be a growing facet of the healthcare services delivery model. Click through to learn more.

    Saved on 06-12-2018 - Remove
  • Financial Reporting

    Determining which basis of accounting to utilize in preparing the financial statements of an entity can be a confusing process. Management needs to start with determining if there are third party requirements, such as debt covenants or other agreements that may impact the decision. Click the image above to learn more.

    Saved on 01-17-2019 - Remove
  • RSM/WebsterRogers Healthcare Webinar co-sponsored by SCHFMA

    Join us for the last issue in our four-part Healthcare Industry Issues and Insights Spring 2017 Webcast Series that tackles the most pressing challenges affecting your organizations. From supply chain and budget forecasting to risk assessment and population health management, get in-depth insights and strategic actions to apply to your biggest business issues. Click the image for more information.

    Saved on 07-01-2020 - Remove
  • Reminders Regarding CMS

    Quality performance indicated from 2016 PQRS and QRUR reports will indicate the payment adjustments that will impact the providers’ reimbursement in 2018. Those who report satisfactorily for the 2016 program year will avoid the 2018 PQRS downward payment adjustment of 2%. Click the image to learn more.

    Saved on 03-17-2020 - Remove
  • Tax Breaks for Dentists: 3 Areas Where You Can Save

    You might be missing out on money-saving tax breaks for your dental practice. Click through for three areas where you can save big with tax breaks.

    Saved on 03-17-2020 - Remove
  • Proactive Versus Reactive Hiring Processes for Your Medical Office

    Hiring is an important process for your medical office. You will need both clinical and office employees. But how do you know exactly when to hire? Click through to learn more about the best hiring practices for your office.

    Saved on 03-17-2020 - Remove
  • Save the Date!

    WebsterRogers will host a presentation on Healthcare Updates and 2018 CMS Updates on December 6, 2017. Please click the image for more details.

    Saved on 03-17-2020 - Remove
  • Is This Your Situation: Understanding Dental Office Deductions

    Did you know that you can take a variety of tax deductions simply because you own a dental practice? Click through to gain new insight on tax breaks for expensive equipment in your office.

    Saved on 03-17-2020 - Remove
  • Running Your Medical Office Like a Business

    Your medical office is responsible for a lot more than just treating patients. There is an entire business aspect to running your practice, and without the right systems in place, you may find yourself working too hard to ensure its success. Click through to learn how you can run your medical office like a business.

    Saved on 03-17-2020 - Remove
  • Are New Sick Leave Rules Coming to Your Area?

    What seems like the mundane world of paid-time-off and sick-leave policies is receiving attention in the form of new regulations. Click through for some new rules in Chicago and Cook County -- they may come to your area next.

    Saved on 06-12-2018 - Remove
  • WebsterRogers Presentation: 2018 Healthcare Insights and Updates

    Join us for an educational session on The Center for Medicare and Medicaid Services (CMS) recent finalized changes for the 2018 Physicians Fee Schedule. Click through for more details.

    Saved on 03-17-2020 - Remove
  • Tax Credits for Companies Planning to Hire

    After the election of President Trump in November 2016, many small businesses were optimistic about his “America first” policies.  He promised to be the greatest job producing president in history and even before his inauguration many large companies had already announced their intention to expand operations in the US and to hire American workers. If you're planning to hire, click through to learn about tax credits that may be available to you.

    Saved on 03-17-2020 - Remove
  • MACRA: Financial uncertainty ahead

    MACRA (Medicare Access and CHIP Reauthorization Act) was passed by Congress in 2015 to change the way physicians are reimbursed by Medicare. However, because this complicated law can be confusing to understand, its effects are uncertain. Click the image above to learn more.

    Saved on 03-17-2020 - Remove
  • Know your status under MIPS

    CMS (Centers for Medicare and Medicaid Services) is in the process of sending participation status letters to physicians and other clinicians who must take part in MIPS (Merit-based Incentive Payment System), an important part of the new Quality Payment Program (QPP) to avoid the 4% payment reduction. Click the image above to learn more.

    Saved on 03-17-2020 - Remove
  • Can Too Many Apps Make You Less Productive?

    Apps are all the rage when it comes to personal and business organization. Even your medical office can benefit from some of these great new productivity apps. But when should you say enough is enough? Click through to learn the common pitfalls of productivity apps.

    Saved on 03-17-2020 - Remove
  • Attracting New Physicians to Your Private Practice

    In a world where now one in four medical practices are hospital-owned, there are some challenges to attract the new and talented doctors into private practice. Make sure your practice is well equipped to effectively utilize all the opportunities and benefits of being privately owned. Click through to learn how WebsterRogers can help with the operational and administrative demands practices face daily.

    Saved on 03-17-2020 - Remove
  • Adult Children and Filial Responsibility Laws

    In some jurisdictions, special laws may require adult children to contribute to their parents' care if Medicare isn't yet applicable. But federal rules may actual block their enforcement. Click through to learn more about filial responsibility.

    Saved on 07-01-2020 - Remove
  • Are You Ready for the New Medicare Cards?

    Beginning April 1, 2018, CMS will begin mailing out the new Medicare cards that replace the current Social Security Number based health insurance card with 11-digit alpha numeric Medicare Beneficiary Identifier cards. Click through to learn more.

    Saved on 06-12-2018 - Remove
  • Is This Your Situation: Creating a Compensation Plan for Your Dental Practice

    Payroll is just one of many considerations you need to make when opening your own dental practice. Click through for insight on dental office economics and how to relate your finances to your employee salaries.

    Saved on 07-01-2020 - Remove
  • Determining the Right Level of Accounting Support for Your Medical Practice

    Your attention rightly is focused on the well-being of your patients, but you can’t overlook the financial health of your medical practice. Click through to learn how to improve operating efficiency and increase collections.

    Saved on 06-12-2018 - Remove
  • Diagnosis Staffing: Personnel Policies for Medical Offices

    In the close confines of medical offices, personnel issues can escalate into management headaches requiring more than just two aspirin and a timeout until the morning. Click through to learn more about creating a smooth-functioning office.

    Saved on 06-12-2018 - Remove
  • Is This Your Situation: Admitting a New Partner to a Medical Practice

    As you bring in a new partner to your medical practice, it’s essential to consider all the implications carefully. Click through for some tips to ensure a smooth onboarding.

    Saved on 03-13-2020 - Remove
  • The Importance of Irrevocable Life Insurance Trusts in Estate Planning

    Life insurance is an asset we all need to help protect our families, businesses and provide financial security in the future.  In addition to the traditional view of life insurance as a source of replacement income for our families in case of death, life insurance can also be used as a resource to help pay estate taxes and protect wealth in an individual’s estate plan. Click on the image above to learn more.

    Saved on 03-13-2020 - Remove
  • Want to Succeed? Become a Joiner!

    Becoming a member of professional organizations can help you strengthen your network, furthering your career. Click through to see how you can enhance your professional development through business associations.

    Saved on 03-13-2020 - Remove
  • Need a Loan for Your Dental Practice?

    If you're interested in starting your own dental practice, you know you need information about securing a loan. Click through for an introduction to jump-starting the process for a dental practice loan.

    Saved on 03-13-2020 - Remove
  • How Do You Handle Sales Tax?

    Does your company need to collect sales tax on purchases made in and out of state? If you’re not already familiar with this process, it can seem complicated. Click through to better understand the basics of sales tax for your products.

    Saved on 03-17-2020 - Remove
  • How to Provide Vacation and Sick Time For Your Medical Office Staff

    Time off is a critical benefit for your medical office staff. It reduces stress when they are too sick to come in the office and gives them breaks to stay energized while they’re working. Click through for a doctor’s guide to vacation, sick leave and more.

    Saved on 07-01-2020 - Remove
  • Medical Offices: Knowing a Contractor from an Employee

    Before you hire someone to work in your medical practice you need to determine whether you’re looking for an employee or a contractor. Click through to learn the difference in status so you don't end up in legal trouble later.

    Saved on 03-18-2020 - Remove
  • Special for Health Care: Know Your Business Taxes

    The devil is in the details when it comes to taxes and other payroll-related issues. Fortunately, the IRS is ready to help. Click through for an introduction to helpful guidance.

    Saved on 01-18-2019 - Remove
  • College Savings Strategies

    It’s that time of year again, where millions of eager students will be leaving home to start their first year of college and, for a traditional student, this means 4 years of tuition, housing, books, and a host of other related fees.  As a parent, you want to do everything you can to see your child attend the best academic institution, but this can come with a hefty price tag.

    Saved on 01-18-2019 - Remove
  • New Law Simplifies Healthcare Reimbursements -- for Now

    The new 21st Century Cures Act, which President Obama recently signed, contains a provision that gives a much-desired tax break to small companies. Click through to learn how this can save your business a bundle.

    Saved on 03-16-2020 - Remove
  • What Are the Tax Ramifications of the Affordable Care Act?

    The Affordable Care Act is directly related to your small-business taxes in numerous ways. Click through to learn more.

    Saved on 03-17-2020 - Remove
  • Is This Your Situation: Are You Confused by Your Medical Practice’s Banking Needs?

    Your medical office has different financial needs than a small business or an individual. Click through to learn how to sort through all the information and select the best banking solutions for your practice.

    Saved on 03-16-2020 - Remove
  • Take a Look at the New HSA Plan Limits

    The Internal Revenue Service just announced the 2018 inflation-adjusted limits for health savings accounts, and they're up. Click through to see by how much and what other changes might be coming.

    Saved on 03-17-2020 - Remove
  • Doctors in Partnerships: Know the Legal and Financial Basics

    Are you in practice with another physician? Click through to learn about the best way to organize your practice.

    Saved on 03-15-2020 - Remove
  • Retirement Plans for Medical Offices

    Some people think that doctors have it made when it comes to their financial future. But it takes a lot of planning to ensure that you and your employees are secure. Click through to learn what you need to know to choose a retirement plan.

    Saved on 03-17-2020 - Remove
  • Affordable Care Act: What Employers Need to Know

    When it comes to the ACA, what are your responsibilities as an employer? There is a long list of rules, options and requirements, and you need to know the basics. Click through for an overview of the law's requirements.

    Saved on 01-20-2019 - Remove
  • MACRA: It's not too late!

    In order to avoid up to a 4% cut in reimbursement in 2019, CMS would like to see 90-days of reported data within the 2017 calendar year. With October 1 right around the corner, time is limited to make sure these reports are accurate and trending in the right direction for each facility that is not reporting under a Clinically Integrated Network (CIN) or through an Advanced Payment Model (APM). Click the image above to learn more.

    Saved on 01-20-2019 - Remove
  • Reducing Fraud and Other Advantages Cloud (web-based) Accounting Can Give Healthcare Practices

    Healthcare practices can be some of the toughest businesses to manage.  Click through to learn how cloud accounting can help you manage your healthcare practice.

    Saved on 01-20-2019 - Remove
  • Family and Medical Leave Act: How It Works

    The Family and Medical Leave Act was designed to help your employees take the time necessary for qualifying medical and family reasons. Click through to see how FMLA affects your business and how to implement best practices.

    Saved on 01-20-2019 - Remove
  • Combating Fraud in Healthcare

    In the performance of my job as an auditor, I am required at the beginning of each engagement to ask key people in management, finance and operations whether they are aware of any fraud or allegations of fraudulent behavior in their entity, and about their assessment of whether an undiscovered fraud is be perpetrated in the entity.  Almost to a man/woman, they know of no fraud, have heard of no allegations of fraud, and don’t believe that any fraud is being perpetrated.

    Most of them are wrong.

    Saved on 03-20-2020 - Remove
  • RCM: Maintaining your financial health

    Revenue Cycle Management (RCM) has always been a pertinent focus for medical practices. It is important to make sure that proactive measures are being made on a regular basis to remain compliant and also maintain a viable revenue stream. Click the image above to learn more.

    Saved on 06-20-2018 - Remove
  • Data Management: Keeping Patient Information Secure

    With today's rapid advances in technology, the health industry is being greatly affected, which means more potential for information breaches. Click through to learn how you can keep your patients' medical information secure and avoid a breach.

    Saved on 01-21-2019 - Remove
  • Be Prepared and be an Early Adopter under MACRA

    On Oct. 14, 2016, the Centers for Medicare & Medicaid Services (CMS) released the final rule to implement MACRA’s Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment models (APMs). Collectively, these programs are part of what CMS now calls the Quality Payment Program (QPP). Click the image to read more.

    Saved on 01-21-2019 - Remove
  • What Doctors Should Know About Payroll Records

    You may not think of your medical practice as a business, but aspects such as employment and HR protocol are critical to a successful operation. Click through to learn about payroll recordkeeping, an important part of the daily process.

    Saved on 01-21-2019 - Remove
  • How the Affordable Care Act Changes Doctors' Businesses

    Are you struggling to keep up with the rules and regulations of the Affordable Care Act? Do you feel that your practice is suffering? Click through for five ways that the ACA will affect your daily work as a physician.

    Saved on 06-20-2018 - Remove
  • QSEHRA: A New Healthcare Reimbursement Option for Small Employers

    A brand new law, the 21st Century Cures Act, is making it possible for small employers to reimburse employees for the cost of medical expenses and health insurance premiums for themselves and their families. Click the image to read more.

    Saved on 01-21-2019 - Remove
  • Assessing the Health of Your Retirement Plan

    If you’re a physician getting ready for retirement, or simply want to plan ahead, we have the advice you need. Click through for tips on how to take advantage of options available specifically for physicians.

    Saved on 03-22-2020 - Remove
  • Weather Emergencies, Office Shutdowns, and Employee Payroll

    It may not happen very often, but when your medical office is closed due to weather conditions, what are your HR responsibilities? Click through for some guidelines to use in your medical office.

    Saved on 06-20-2018 - Remove
  • Is This Your Situation: Calculating the Small Business Health Care Tax Credit

    It's not too late to claim your small business health care tax credit. Click through to find out how.

    Saved on 06-20-2018 - Remove
  • Health Savings Account Limits Change for 2017

    Early this year, the IRS increased the health savings account contribution amount for 2017. And there are other changes as well. Click through to see how these modifications may affect you.

    Saved on 04-05-2020 - Remove
  • Make Adjustments Now to Avoid Multiple Pain Points

    Beginning January 1, 2017, physicians can start participating in Medicare's Quality Payment Program (QPP). In order to avoid facing multiple pain points, now is the time to make final adjustments for the new value-based payment system. Click the image above to learn more.

    Saved on 04-12-2020 - Remove
Nelda Fields | Debra Turner
Nelda Fields | Debra Turner
Healthcare Services Group | Partners
(843) 577-5843
40 Calhoun Street, Suite 320
Charleston, SC 29401
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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