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Don’t Let Tax Season Sneak Up: Use This Checklist

Nurse Practitioners in Business

Now, lets go through the checklist #1 Gather Essential Business Documents While this is an essential step, it may take the longest. Make sure you have all the necessary financial documents in one place. Below are the business documents you may need to prepare your return. Retain copies of all tax documents in case of an audit.

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What Is A Clearing House & Do You Need One?

Nurse Practitioners in Business

A clearinghouse or, in healthcare, a medical billing clearinghouse, acts as a middleman between your practice and health insurance companies. The clearinghouse reviews, formats, and securely transmits your electronic claims to payers (insurance companies) after youve submitted them through your EHR or billing system.

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Take The Deduction; Pay Less Tax

Nurse Practitioners in Business

You must be able to document all expenses or losses you claim as a deduction. Maintain all receipts and documentation of your expenses in either digital or paper format. If you are audited but cant support your deduction with proper documentation, the IRS may disallow the deduction, and you may be required to pay additional tax.

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How to Conduct Effective Compliance Audits 

American Medical Compliance

The healthcare industry is highly regulated, with various laws such as the Health Insurance Portability and Accountability Act (HIPAA), the Health Information Technology for Economic and Clinical Health Act (HITECH), and the Medicare and Medicaid Services (CMS) regulations shaping operations.

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Managing Healthcare Staff with Compliance in Mind

Celayix

Here are some reasons why compliance is essential: Patient Safety: Following rules like the Health Insurance Portability and Accountability Act (HIPAA) or standard precautions protects patients from infections and data breaches. With well-documented schedules and shift management, hospitals can avoid costly errors and wasted resources.

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The Relentless School Nurse: Just Because They Can, Does Not Mean They Should.

The Relentless School Nurse

The Centers for Medicare & Medicaid Services (CMS) rescinded key guidance on March 4, 2025, affecting Medicaid and Childrens Health Insurance Program (CHIP) coverage for services addressing health-related social needs (HRSNs). However, it fails to consider the well-documented links between social factors and health outcomes.

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HIPAA: What You Can and Can’t Disclose

Nurse Practitioners in Business

HIPAA, the Health Insurance Portability and Accountability Act, has been around since 1996. One of its primary directives is to protect the privacy and security of patients’ health information.