Revenue Cycle Management in Healthcare: The Ultimate Guide for Success
What is Revenue Cycle Management? Revenue cycle management (or RCM) might sound like jargon for the basic billing and payment processes of a healthcare business. However, it actually involves a series of complex stages and actions needed for effective financial operations. Yes, it is primarily about issuing a bill and getting paid, but it also […]
Navigating Healthcare Compliance: A Guide to Financial Integrity in the Healthcare Industry
Many industries, be they financial services and banking, food manufacturing, or transportation companies, are overseen by extensive laws and regulatory requirements. Healthcare is no different; in fact, it might be the most regulated industry of all. This means that to stay in compliance with regulations and avoid fines and other penalties, healthcare organizations must stay […]
What is Healthcare Accounting? A Comprehensive Guide to Financial Management in Healthcare
When thinking about healthcare, the accounting practices within such an industry aren’t typically top of mind. Rather, healthcare tends to sit within spaces of necessity as well as complex and, at times, frustrating experiences many of us need to endure. We tend to think of “the business” behind healthcare solely when dealing with premium payments, […]
IRS Tax Audit Representation: Why Is It Important?
The Tax Audit. It’s a phrase that has long struck fear into the hearts of many a person. Yet despite its menacing reputation, the IRS system for identifying problematic returns is not necessarily about targeting specific individuals. In reality, most returns are accepted as submitted. However, with random sampling and computerized screening, more and more […]
Understanding FIRPTA Tax Withholding: What You Need to Know
Buying and selling real estate in the United States can be a complicated and stressful matter. Add to the mix the issue of when an individual engaged in such real estate transactions is a foreign national; the complexity can be even more daunting. This is particularly true when considering the tax implications of such business […]
Projecting Future Finances: A Comprehensive Guide to Tax Projections
When it comes to financial planning for either an individual or business entity, knowing how to project and determine how much you’ll owe in taxes at a future date is an essential component for smart personal and business financial planning. The process can be daunting. It may feel as if you need a crystal ball […]
Top Tax Strategies for Retirement
You’ve worked hard and saved all your life. Now being in retirement (or soon to be), it’s a time to enjoy the fruits of that labor. However, managing your finances during this key period requires careful planning, especially when it comes to taxes. This is particularly true with tax rates at somewhat historically low levels […]
Navigating the Complexities of Medicare Hospice Caps
Hospice plays a crucial role in providing compassionate end-of-life care. Offering these vital societal services is both a privilege and a daunting task for healthcare providers. Not only is there an emotional toll for helping terminally ill patients experience their final days with dignity and comfort, but providers of these essential services can experience challenges […]
Navigating the Florida AHCA: A Guide for Healthcare Providers
Entering the Florida healthcare marketplace as a care service provider is no easy task. With a competitive field and many specific financial and regulatory rules at play, navigating the complex application process required for licensing involves a series of specific steps, accurate financial projections, and accompanying documentation. Obtaining trustworthy, specialized accounting services is a must […]
Maximizing Efficiency: The Advantages of Outsourced Accounting for Small Business
Considering outsourced accounting for small businesses? You’re not alone. Many are turning to this solution to streamline financial management, reduce costs, and gain expert insights—without the overhead of a full-time accounting staff. This article dissects the practical implications of embracing outsourced accounting, the roles such firms play, and how to make the transition smooth and […]
