A new financial action plan or restructuring may help you and your practice weather the economic pressures on the medical field right now.

Conventional treatments for painful, chronic conditions usually come with a number of drawbacks. Back surgery patients risk that the treatment may be ineffective or cause more pain than it alleviates. Other treatments have low success rates, extensive therapy commitments, and may only temporarily improve symptoms instead of lasting relief.

On November 20, 2020, the Centers for Medicare & Medicaid Services (CMS) issued a final rule to modernize and clarify the Stark Law. This reflects the most recent efforts by the Department of Health and Human Services (HHS) to establish exceptions and safe harbors to appropriately tailor the reach of the Stark Law’s strict liability-based civil penalties and the Anti-Kickback Statute’s criminal penalties to protect from enforcement certain non-abusive and beneficial arrangements.

Most medical providers know they must buy malpractice insurance. It’s a no-brainer like Workers Compensation for their employees. There is more that should be considered essential however – here is a list that medical providers should strongly consider for their practice.

A new financial action plan or restructuring may help you and your practice weather the economic pressures on the medical field right now.

The IRS clarified that for-profit healthcare providers including hospitals and independent physician practices will be subject to the 21% corporate tax rate on the grants they received from the COVID-19 Provider Relief Fund, even though it didn’t explicitly state that the funds would be taxable.

CMS issued the Stark Blanket Waiver in response to the COVID-19 pandemic in order to facilitate Coronavirus related medical services.

A State of Emergency exists due to COVID-19 and Medical practices have been told to cut non-essential services. Providers are concerned just like other businesses about paying rent, making payroll, and eventually forking over taxes.

A State of Emergency exists due to COVID-19 and Medical practices have been told to cut non-essential services. Providers are concerned just like other businesses about paying rent, making payroll, and eventually forking over taxes.

Like everyone else, doctors are concerned they are not saving enough money to retire on. However, there are many factors that set physicians apart from the average American trying to plan for their retirement. First, due to their grueling schedules doctors have less time than the average individual for financial planning.