Because most physicians have no background in business management or accounting, medical practices can be easy targets for occupational fraud. But at a time when reimbursement rates are being squeezed, the last thing your practice needs is employee theft.
Revenue, the top line of the income statement, gets a lot of attention. But it’s about to receive even more attention starting in 2018 for public companies and 2019 for private ones.
On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses.
Ransomware has become a hot topic of conversation in the healthcare world as the industry awaits guidance from the Department of Health and Human Services’ Office for Civil Rights to determine if a ransomware attack is a reportable breach under HIPAA.
With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever.