In May 2014, the Financial Accounting Standards Board (FASB) finally issued its new revenue recognition standard after many years of deliberation....Read more.
Sound financial management is critical in any industry, but healthcare is particularly challenging because the industry changes so fast. The...Read more.
As a medical practitioner, you know it’s important to monitor your revenue and expenses. Yet how carefully are you tracking your billing and...Read more.
Thinking of buying a medical practice? You likely have a list of priorities that must be met before you make such a big decision. Location and...Read more.
You put in years of education, countless hours of residency work and many long hours to build your health care practice. It’s easy to get lost in...Read more.
Nearly every U.S. hospital – and many other healthcare providers – accepts Medicare and is therefore required to provide annual, detailed reports...Read more.
In the past, insurance companies more or less kept the cash flow of a medical practice healthy. Not any longer. Increasingly, medical practices...Read more.
Section 179 of the U.S. Internal Revenue Code allows a taxpayer to deduct the full purchase price of qualifying equipment and/or software...Read more.