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Given the current state of the economy fraud and embezzlement is on the rise. Most medical practices rely on a single individual, typically a practice administrator or office manager, and do not have adequate financial controls or safeguards in place to protect the practice’s assets. Accordingly, these medical practices are susceptible to fraud, embezzlement and [...]
By Kim Fenton, Coastal Healthcare Consulting The health care industry is turning to social media to transform the access, delivery and dissemination of health information. Five years ago, the Mayo Clinic entered the world of social media with the launch of a podcast. Since then, Mayo Clinic has added: A Facebook page with thousands of [...]
By Kim Fenton, Coastal Healthcare Consulting, 949.481.9066 www.healthcareconsultant.org Perhaps you’ve just joined a medical practice and inherited the managed care agreements of your predecessor. Or you’re established in your group, but day-to-day operations don’t give you time to focus on a payer contracting strategy. Regardless, these tips on managing payer contracts will help you get [...]
As you know, a Federal tax levied on employers covered but the Unemployment Insurance Program at a rate of 6.0% on annual wages paid up to $7000 per employee. With full credits in place, employers pay only .6% per covered employee, per year. The credits can be reduced when a state has an outstanding advance [...]
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