Orba.com

Five Ways To Improve Your FQHC’s Financial Health ORBA

WebThese strategies will allow FQHCs to create a more stable future — both clinically and financially — ensuring that they can continue to play their critical role in …

Actived: 4 days ago

URL: https://www.orba.com/newsletters/health-care-group-newsletter-spring-2022/

Accounting, Tax and Consulting Services for Health Care ORBA

WebFor more than 40 years, ORBA has provided tax, accounting and consulting services to physicians, medical practices, surgery centers, nursing homes and other health care …

Category: Medical Go Health

How Can You Improve the Telemedicine Experience

WebTo fully benefit from telemedicine, be proactive in ensuring that you are implementing it in ways that will improve patient care and profitability moving forward. For more …

Category: Medicine Go Health

The Telehealth Tax Checklist

WebThe very nature of telehealth, which allows for patient care delivery across state lines, requires a careful analysis of federal and state tax compliance obligations. …

Category: Health Go Health

Four Ways Your Practice Can Stay Ahead of the Curve ORBA

WebFour Ways Your Practice Can Stay Ahead of the Curve. LARRY SOPHIAN, CPA, MBA. Medical practices must continually adapt to a rapidly changing environment — whether in …

Category: Medical Go Health

Private Practice Owner or Hospital Employee

WebIt is not uncommon for physicians to switch between employment at a hospital or health system and running their own practice several times over the course of their …

Category: Course Go Health

Health Savings Accounts Can Pay Off for Employers and …

WebWith the contribution limits for health savings accounts (HSAs) poised to take a significant leap in 2024, this is a good time for all types of employers to consider …

Category: Health Go Health

Nonphysician Providers Could Enhance Your Practice

WebFinancially Surviving the Pandemic. KEVIN OMAHEN, CPA. The COVID-19 pandemic has resulted in significant decreases in the volume of patient visits since mid-March.

Category: Health Go Health

What are the Elements of a Medical Practice Business Plan

WebMarketing Plan. Marketing is a never-ending aspect of running a business, though it carries even more weight when you are starting up your practice. Plan on …

Category: Health Go Health

How Tax-Advantaged Health Plans Contribute to Your Financial …

WebCommon tax-advantaged health care plans: Flexible Spending Arrangements (FSAs), Health Reimbursement Arrangements (HRAs) Health Savings …

Category: Health Go Health

Starting a New Practice

WebMany medical practices have been faced with both financial and practical challenges over the past two years because of the many effects of the COVID-19 …

Category: Medical Go Health

How to Reduce Your Risk of a Malpractice Lawsuit ORBA

WebIn medical malpractice, as in health care in general, prevention is the best medicine. For more information, contact Antwone Turner at 312.670.7444. Visit …

Category: Medical, Medicine Go Health

Should You Outsource Billing

WebTypically, a billing company demands a 6%-9% commission on all money they handle. In other words, if your practice earns $1 million in business annually, the …

Category: Health Go Health

Understanding Welfare Plan Form 5500 Filing Requirements ORBA

WebAll unfunded (self-insured) and/or insured welfare plans must file a Form 5500 if the plan covers 100 or more plan participants as of the beginning of the plan year. The …

Category: Health Go Health

Seven Steps to Handle a Down Economy for Medical Practices

WebMedical practices should take the following steps to help them handle the economic downturn: Have a Marketing Mentality. Just as consumers scale back …

Category: Medical Go Health

Return of Physician Practice Management Companies

WebPhysician practice management companies (PPMCs) rose and fell during the 1990s. After acquiring dozens of medium-to-large multispecialty and single-specialty …

Category: Health Go Health

Pros and Cons of Leaving Insurers’ Provider Panels

WebThe Pros. Often out-of-network providers have better reimbursement rates than comparable in-network rates. The practice avoids the time and expense of …

Category: Health Go Health

Small vs. Large Plan Annual Report Filing: Get Ready to File

WebForm 5500 has several schedules that both small and large plans must complete. Small plans must complete Schedule I (Financial Information – Small Plan) …

Category: Health Go Health