By Karen Zupko

Don’t pick the wrong people to fill business office positions – it is an expensive mistake.

Because staff salaries are the largest component of overhead in any practice, focus on hiring staff who have the skills and talent to do the job. No matter how hard you work inept, business office staff will cost tens of thousands of dollars. Use the following guidelines to help hire competent winners.

By Jeff Moffatt, CPA, CVA

The International Statistical Classification of Diseases and Related Health Problems 10th Revision (ICD-10) is set to replace the ICD-9 system of coding as of October 1, 2013. Although this change is still a few years off, the healthcare industry is already starting to get prepared for what this new system will entail. This article will describe the ICD coding system and some of the changes that we will see between ICD-9 and ICD-10.

By Debra Robinson

Anyone who files claims with Medicare will be subject to review by the Medicare RACs. This includes physicians, hospitals, home health agencies, and Durable Medical Equipment providers.

By Jeff Moffatt, CPA, CVA

Best practices for receiving payment for assistance with a surgical procedure.

By Jeff Moffatt, CPA, CVA

Relying on the assets of a practice to determine its value.

By Jeff Moffatt, CPA, CVA

Using the income approach in valuing a medical practice.

By Jeff Moffatt, CPA, CVA

A description of the market approach to valuing a medical practice.

By Jeff Moffatt, CPA, CVA

The value of a practice can depend on why it is being valued.

By Jeff Moffatt, CPA, CVA

Some tips for reviewing your billing and coding practices.

By Carole C. Foos, CPA, Christopher R. Jarvis, MBA, David B. Mandell, JD, MBA, Jason O'Dell, CWM

The recent developments in 2008 have left many of us with less wealth than we had just a year ago. Our home and stock market investments are likely worth a lot less and it may be years until the values of these assets return to previous levels. The federal government has agreed to spend hundreds of billions of dollars to bail out poorly run or mismanaged corporations. These bailouts will ultimately result in significant tax increases for all of us. It is natural for you to feel frustrated and upset that you will have to pay for other people's mistakes.

What you didn't know, until now, was what you could do to get the government to help bail you out with some tax savings. Though our firm has strategies for managing investments in this type of market, the purpose of this article is to highlight a few tactics for regaining some of your lost wealth. The strategy has two simple steps to help you make up for lost wealth. First, you will reduce your taxes now so you have more to add to your short-term investment portfolio. Second, you will focus on building future wealth more tax-efficiently for the long-term.