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Wednesday, August 15, 2018

Charges Passing from EHR to a Billing System: All You Need Know

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Passing charges electronically has become the wave of the future for the charge entry and coding components of the revenue cycle. Eliminating paper fee tickets/billing slips is a significant step for practices and therefore many save that step for post-EHR implementation.  With all of the regulations and healthcare reform changes over the years, passing charges […]

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Tuesday, August 14, 2018

Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends

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Do you have long-term capital gains or qualified dividends? If so, there’s good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income. The rate is only available for those with relatively low income. But, if your income is too high […]

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Thursday, August 9, 2018

How Tax Reform Affects Tax Planning for C Corporations

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One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017. The new 21% rate applies equally to personal service corporations (PSCs). (Under prior law, PSCs were taxed more heavily than other C […]

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Tuesday, August 7, 2018

Small Business Tax Strategy: Heavy Vehicle Plus a Home Office

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Small business owners are always looking for easy ways to lower their taxes. Here’s a simple, but effective, tax planning technique that’s available under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2022. To take advantage, you need to purchase a “heavy” vehicle, work from a qualifying home office and keep detailed business expense […]

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Monday, August 6, 2018

Patients Over Paperwork Initiative to Streamline Evaluation and Management Documentation Standards to Reduce Clinician Burden

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  Patients Over Paperwork, a Centers for Medicare & Medicaid Services (CMS) initiative directed towards putting patients first by reviewing and streamlining regulations in order to reduce unnecessary burden, increase efficiencies, and improve the beneficiary experience, is proposing a change to the Evaluation and Management documentation standards as part of the proposed physician fee schedule […]

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Monday, August 6, 2018

CMS Proposes Changes to Site-Neutral Payments for 2019

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The Center for Medicare & Medicaid Services (CMS) is proposing a change in the reimbursement for off-campus hospital provider-based departments (PBD). PBD’s, which provide items and services in 19 “clinical families of services” as defined by CMS, are currently paid under the Outpatient Prospective Payment System (OPPS).  The proposal is part of the Medicare Hospital […]

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Monday, August 6, 2018

The Results Are In on MIPS Performance For 2017

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The Centers for Medicare & Medicaid Services (CMS) has just released Performance Feedback for the 2017 performance year for eligible clinicians (ECs) who participated in the Merit-based Incentive Payment System (MIPS) program in 2017. The results from the feedback can have a significant impact on revenue received from Medicare Part B covered professional services. Who […]

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Friday, August 3, 2018

Buying vs. Leasing Equipment: Which Is Right for Your Business?

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For tax years starting in 2018, the Tax Cuts and Jobs Act (TCJA) provides new and improved tax incentives for buying new and used business equipment. But leasing still offers benefits for some taxpayers. Here are some important considerations when deciding whether to buy or lease equipment. READ MORE

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Friday, August 3, 2018

Jeans’ Day: Holding Onto Hope

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Today’s Jeans’ Day donations will go to Holding Onto Hope. Holding onto Hope exists to help individuals with cancer and their families to lead quality lives during and after cancer and to provide cancer awareness and prevention for the general public. To learn more and get involved visit http://www.holdingontohopeinc.org/ 

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Tuesday, July 24, 2018

Deadline for 2020 Medicare Wage Index Reclassification Is Fast Approaching

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Deadline for 2020 Medicare Wage Index Reclassification Is Fast Approaching The deadline for filing a Medicare Wage Index Reclassification Application with the Geographic Classification Review Board (MGCRB) is September 4, 2018. A hospital may seek geographic reclassification from a rural area to an urban area, from a rural area to another rural area, or from […]

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