5 Things that every Health Practice can do to Boost Profitability in 2021A New Year brings new challenges, but for healthcare practices, there is reason for renewed optimism. In this article, an expert panel from the National Society of Certified Healthcare Business Consultants gives 5 ways healthcare practices can boost profitability in 2021.
Seema Verma Answers Critical Questions on Healthcare Policies for 2021In a recent interview with Seema Verma, Administrator of CMS, Sean Weiss discusses with her the major questions left in the wake of significant policy changes, going over the 2021 HHS-CMS’ Conversion Factor, 1135 Pandemic Waivers, and other critical topics.
Highlights of Medicare’s 2021 fee schedule final ruleAuthor Grant Huang discusses the Medicare Physician Fee Schedule (PFS) final rule that the Centers for Medicare & Medicaid Services just released. Changes to guidelines are explained as well as other important additional provisions that the rule touches on.
Vaccine Considerations for EmployersAs vaccine roll out continues across the country, laws and policies on usage are being continuously developed, and writer Jeffrey C. Miller discusses what employers should take into account when considering their own workforce and vaccines.
Value-Based Care Advances – CMS Issues New Final Rules for Stark and Anti-Kickback StatutesWriters Jenna Singleton and Ashley Watson discuss the anticipated Final Rules created to reform both the Stark Law and Anti-Kickback Statute (“AKS”) regulations, as well as discuss the guidance the Final Rules provide to physicians and other healthcare providers when entering into value-based arrangements.
IRS Guidance on Employee
Writers Christopher Meager and Krista Warren with James Young discuss how the IRS has addressed the Employee Retention Credit issue with the CARES Act loan, detailing who is now eligible for the credit whether or not the loan has been paid back by the set due date and why.
Would It Be Smart to Sell Your Medical Practice Now?Leigh Page, writer for Medscape Medical News, discusses how the COVID-19 pandemic has affected the financials of many private healthcare practices, and interviews NSCHBC member Mark Dietrich for his perspective on whether or not now is a good time for physicians to close or sell.
The Department of Labor’s Proposed Rule for Classifying Independent Contractor vs. EmployeeThe long-running problem concerning employers’ inability to classify their workers has run into legal disputes
along with underpaid overtime and taxes. The dispute between ...
PPP Update: Loan Necessity Questionnaires.Article Authors: Christopher Meager, Krista Warren and James Young
The Small Business Administration asked businesses that received Paycheck Protection Program (PPP) loans of $2 million or more to complete two new forms certifying the economic necessity of these loans, and for borrowers to think about potential questions surrounding these newly released forms.
Get a copy of the 2019 NSCHBC Practice Statistics Report TODAYEach year the Society surveys its members and compiles a Statistics Report on Medical and Dental Income and Expense Averages. The report is a joint effort of the National Society of Certified Healthcare Business Consultants and the Academy of Dental CPAs.
The survey includes ...