Reed Tinsley, CPA

Reed Tinsley's Medical Practice Improvement News

Reed Tinsley CPA - Medical Practice Improvement News

IN THIS ISSUE

  • 1 in 4 Physician Practices Now Hospital-Owned
  • Skills for More Effective Employee Evaluations
  • Medicare - Reporting Changes in Ownership
  • 20% Promo Code - Take advantage of the savings while it lasts!
  • Recent Blog Posts
1 in 4 Physician Practices Now Hospital-Owned
1 in 4 imageBy Ilene MacDonald, FierceHealthcare Publications

Hospital ownership of physician practices is on the rise, with 38 percent of U.S. physicians now employed by hospitals and health systems, according to a new analysis released by the Physicians Advocacy Institute (PAI). As of mid-2015, one in four medical practices was hospital-owned, according to the study, prepared for the nonprofit advocacy group by Avalere Health. The healthcare consulting firm compiled the report based on a database from SK&A that included physician and practice location information on hospital/health system ownership. Each record in the database corresponds to a unique physician in a specific practice location.

Skills for More Effective Employee Evaluations
Performance-ReviewUse a technique familiar to your training and experience. Look at each employee’s performance the same way you approach diagnosing a patient. For example, if you like using the traditional “S.O.A.P.” approach, apply the same technique when you review a staffer’s work.

Asking for employee input can revolutionize your evaluation pro­cess. Have staffers rate themselves — perhaps giving each one a blank evaluation form to fill out. When asked, workers usually rate themselves lower than their supervisors do.

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Medicare - Reporting Changes in Ownership
A 2016 Office of the Inspector General (OIG) report noted that providersupdate may not be informing CMS of ownership changes. Providers must update their enrollment information to reflect changes in ownership within 30 days. Owners are individuals or corporations with a 5 percent or more ownership or controlling interest. Failure to comply could result in revocation of your Medicare billing privileges.

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20% Off Promo Code - Take advantage of the savings while it lasts!
I would like to remind my readership of this very special offer for a 20% discount off of purchases made from Greenbranch Publishing. They offer industry-leading medical20off practicemanagement books, journals, and educational materials. I encourage you to take advantage of this special savings while it lasts!

Courtesy of Nancy Collins, President & Publisher The Journal of Medical Practice Management, Greenbranch Publishing

I am announcing an agreement between Reed Tinsley, CPA (RTACPA) and Greenbranch Publishing, giving RTACPA subscriber’s a 20% off discount on Greenbranch’s industry-leading medical practice management books, journals, and educational materials.

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Recent Blog Posts - Stop by for a Visit

Do You Know Who Your Employees Are?metal blog image

CMS: 'Pick your pace' for MIPS reporting; final rule due by Nov. 1

Avoiding ICD-19 denials

Why do you need a strategic plan?

Medicare - Reporting Changes in Ownership

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Email: reedt@rtacpa.com
Telephone: 281-379-5988
Fax: 281-605-5701
Address:
Reed Tinsley,
CPA 21175 Tomball Parkway,
#194 Houston, TX 77070

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