RJ has been a secretary with a large practice of eight physicians for the past seven years and has had only one raise in that time. Each physician and the practice administrator have a practice credit card issued in their name. Typically, when RJ places orders for the physicians, she uses that physician’s credit card information. RJ has learned which providers use the company … [Read more...] about Case Study: RJ’s Special Holiday Bonus
Editors Pick
The Loud Employee
GH is a phenomenal medical assistant. However, he has an extremely loud voice that carries through the office. When he is talking, even in a patient room with the door closed, the information discussed can be easily heard in the hallway or adjacent room. This has been distracting to other providers and even a HIPAA risk. The practice has tried to address this issue with subtle … [Read more...] about The Loud Employee
Strained Relationships
Business, family, and social activities all rely on relationships. We all have strained relationships. In some cases, they may even seem irretrievably broken. Relationship problems can devastate the home. The toll is no less heavy when there are problems between coworkers or colleagues. Just as in our personal lives, improving our relationships can yield marked and, in some … [Read more...] about Strained Relationships
Why Revenue Matters Most
As a CPA and business advisor to medical practices, I am often called to diagnose the cause of financial underperformance. Common themes emerge as these conversations unfold: “I am working harder every year.” “Everybody in my office gets a raise every year except me.” “Our health insurance goes up 10% or more every year.” “Just when I think I am getting ahead, … [Read more...] about Why Revenue Matters Most
Year-End Tax Tips for Medical Practices
As the year comes to a close, we share a few tips to help you bring the year in for a smooth landing. Personal Tax Projections Take the time to prepare your personal tax projection and compare your estimated tax liability to the tax you have paid to date. This does not need to be an in-depth process. Take your average tax rate from last year (total tax divided by … [Read more...] about Year-End Tax Tips for Medical Practices