South Dakota Named 9th Best State for Healthcare
THe personal finance site WalletHub has named South Dakota the 9th best state for healthcare.
Physician Bank, An Exceptional Partner for All Financial Needs
Starting up a new health care clinic from scratch, Dr. Megan and Richard Dillman knew they would face some challenges, with a new construction project, new patients, new staff and new processes. One thing they didn’t have to worry about, though, was trusting their financial partner.
Does Your Healthcare Organization Need a Revenue Integrity Program?
Preventing revenue leakage that can result from inaccurate codes, charge capture issues, improper chargemaster set-up all are contributing factors to rejected claims and opportunities for lost revenue. Many are realizing that costly rework from returned or rejected claims can be minimized with the implementation of a revenue integrity program.
Physicians Thrive Releases The 2022 Edition Of Annual Physician Compensation Report
Physicians Thrive is pleased to announce the 2022 Physician Compensation Report is now available for download.
Following Uniform Guidance for Procurement in Your Healthcare Organization
Breakdown of how to follow “Uniform Guidance for Procurement in Your Healthcare Organization”
What Business Leaders Can Do to Prepare for the Next Normal
Proposed Federal Tax Changes: How Can You Protect Your Assets?
With the announcement of the economic stimulus plan in 2021, the federal government also outlined several tax changes that could affect individuals in high income brackets.
Questions to Ask When Choosing a Financial Advisor
For people who are serious about achieving their financial goals, there often comes a point in their financial journey when they find they need some outside help.
Five Solutions to Key Accounting Challenges Hospitals Face in the New Normal
The COVID-19 pandemic has created many new challenges for hospitals to manage and exacerbated existing complexities. A few examples are: Regulatory compliance, Telemedicine and telehealth, New competition, Revenue and receivables, Financial reporting, Higher deductible plans, Cancelled or deferred services, COVID-related expenses.
Above and Beyond 'Typical' Wealth Management
Tax time can be a stressful and complicated time for people with highly diversified financial portfolios. The greater variety of financial interests a person has - from owning an interest in a medical practice, family business, vacation home, rental property, farmland, stocks, art, gold, and more - the more complex things can be.
Ideas for Upgrading a Luxury Home
The winter months are soon approaching so time spent inside will be increasing. Here are some potential upgrades to your home that may make your time inside more enjoyable.
What You Need to Know Before Investing in Real Estate
Have you been thinking about investing in real estate? Many people today work for money, but the smart ones, let their money work for them. That is what investing in real estate does for you: You take the money you have today, invest it, and allow it to create a nest egg over time. So, when the time comes that you no longer want to work, you have money to fall back on.
2017: The Year in Review
In keeping with our annual tradition, we have dedicated the next few pages to some of the year’s top stories. Many of this year’s MED cover stories have been all about growth and expansion. Sanford opened a new breast center, Avera expanded its transplant program, LifeScape introduced new options for autism, and Brookings welcomed patients to its renovated hospital. We also looked at the ways in which institutions across the region are working to manage their growth safely, efficiently, and cost effectively with help from telemedicine, hospitalists, and foreign-born providers. Is there someone or something you would like to see on the cover of MED in 2018? Send your ideas to Alex@ MidwestMedicalEdition.com.
Should Your Office Charge Finance Charges
As you are aware, out of pocket expenses for patients have increased in the last few years. This fact has prompted many providers to revisit the issue of whether they should charge patients interest or late payment fees after a balance becomes past due. Money collected from these accrued finance charges is often used to offset costs that a practice will incur in its attempts to collect balances owed. Such costs include additional statements, staffing for collections calls, and/or external collections agency fees which are increasing, because of new and additional governmental regulation.
Long Term Care Insurance
The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impaired is 68% for people 65 and older.*
Finding a Home and a Mortgage
As many of us have been hearing in the news lately, there is a shortage of houses to pick from in almost all regions of the country, including the Sioux Falls area. In many price ranges, not only is there a shortage of properties to choose from, but those same properties are often seeing multiple offers. It’s also not unusual to see offers coming in higher than the listing price.
Benefits for You, Your Employees and Your Business
Employee benefits are a popular topic today. This is because in today’s job market, more employees are beginning to place value on employer-provided benefits. Salary is no longer the only determining factor when an applicant accepts or declines a job offer. Employees are increasingly interested in what else the employer has to offer, such as life, health, disability and retirement benefits.
Taxation of Investments
It's nice to own stocks, bonds, and other investments. Nice, that is, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed?
These Magic Words Could Get You Paid
Sometimes the best solutions are so elementary, we overlook the obvious. In a recent study performed by the accounting software, Freshbooks, this was indeed the case. It was not only what was stated on invoices, but how it was stated that prompted payments. According to the study, a simple thank you at the end of an invoice increased both the percent of invoices paid as well as the speed at which payments were completed.
Partnerships: Is There Life After Death?
Have you thought about what will happen to your business when your partner dies? If no other arrangements have been made, the partnership will no longer exist as a legal business organization except for the purpose of winding up its affairs.