Push for Healthcare Price Transparency Affects Providers
Federal and state legislators have pushed for enhanced healthcare price transparency for several years. Healthcare providers and insurance companies had hoped to work out an alternative cost-sharing solution that includes information on the patient’s out-of-pocket costs, but the initial legislation failed to deliver. Healthcare providers also argue that the latest requirements threaten the integrity and effectiveness of private negotiation and could unintentionally raise the cost of healthcare.
Read More
Important Strategic Planning Measures for Nursing Homes
Administrators need to examine and resuscitate existing strategic plans and create new risk management strategies to ensure their nursing home's financial viability, operational efficiency, staffing & supply chain stability, and regulatory compliance.
Read More
HSAs Serve as Medical Expense Safety Rail for Financial Plans
Unexpected medical expenses and long-term healthcare costs are often overlooked or underestimated in financial, retirement, and estate planning, especially for affluent individuals and families. When it comes to tax-efficient healthcare coverage, Healthcare Savings Accounts (HSAs) can actually help you build wealth and view your healthcare coverage as a long-term investment rather than a cost.
Read More
How Will Your Choice of Entity Type Affect Your Medical Practice’s Business Tax Requirements?
Starting your own practice takes a great deal of forethought and planning. Before all the pieces of running a business fall into place, you have to determine your business structure or entity type.
Read More
A CPA Firm Can Be Your Nursing Home’s Strongest Ally in Strategic Planning
Nursing homes are facing unrivaled financial and operational challenges. The significant challenges prove that now is the time to leverage your nursing home’s professional relationships to the fullest. In terms of strategic planning, a CPA firm is an ally you need in your corner.
Read More
Does Your Medical Practice Have the Right Accounting Resources?
The accounting resources needed by businesses across industries vary drastically. In healthcare, financial, operational, and technology needs can differ significantly from one practice to another.
Read More
Recent Legislative Provisions Help Nursing Homes Maximize CMS Reimbursements & Cash Flow
Nursing homes have been particularly vulnerable to the health and economic effects of the COVID-19 crisis. Taking measures to maximize your nursing home’s Centers for Medicare and Medicaid Services (CMS) Medicare and Medicaid reimbursements and your cash flow is critical, now more than ever.
Read More
Modernized Payment Options: Is your Payment Technology Meeting Both Patient and Provider Needs?
Modernized payment options have become essential in meeting both patient and provider needs. Here are some considerations.
Read More
