On June 24th President Trump signed an Executive order directing Health and Human Services (HHS) to write rules within 3-6 months requiring Hospitals and Medical Providers to make their standard charges and negotiated pricing available in a consumer-friendly format....
On June 13, 2019, the Internal Revenue Service (IRS), Department of Labor and Department of Health and Human Services (HHS) issued a new regulation that is intended to increase the use of tax-favored health reimbursement arrangements (HRAs) as a means of expanding...
Consolidation in the healthcare industry continues unabated as national and regional hospital groups continue to increase their breadth of offerings by acquiring other groups, standalone hospitals, physician practices, home health agencies, senior living communities,...
Disclosure of the Personal Health Information (PHI) of patients is one of the biggest threats as those affected are more vulnerable to both medical and financial identity theft. Unfortunately, health care organizations are popular victims of data breaches. Criminal...
With the passing of the Tax Cuts and Jobs Act (TCJA) many taxpayers found themselves in a difficult position this past year. In high cost of living/heavy tax areas like New York, this may have resulted in an unexpected tax burden, or perhaps the confusion around the...
Did you know that 41% of all doctors have less than $500,000 in their retirement account even though their average salary is $294,000 a year? How much a doctor will need to retire is a question that varies from doctor to doctor, depending on their lifestyle and plans...
As financial & business advisors to the healthcare industry we often preach the importance of leverage in practices in order to boost the overall financial performance of the practice. The logic is sound and the financial incentives clear, however, one variance...
While the practice of medicine will always be a professionally and personally rewarding career, it continues to be an increasingly difficult way to earn a living. With rising costs and decreasing insurance reimbursement, current profit margins often rival those of...
Like practicing medicine, marketing a medical practice requires precision and experience with the appropriate instruments for optimal results. One of the most easily accessible and effective marketing channels available to physician practices is social media, such as...
