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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.

Business 286
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Record-Keeping Beyond Charts

Nurse Practitioners in Business

And even though medical records are central to any practice, other documents must also be managed. Every aspect of your practice generates records that must be organized, protected, and retained for specific periods, including financial and employee records, vendor contracts, and OSHA documentation.

HIPAA 195
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What Is A Clearing House & Do You Need One?

Nurse Practitioners in Business

However, it is strongly suggested that you do, considering Most larger insurance companies, and certainly Medicare and Medicaid, prefer and/or require electronic claims submission, which includes a clearinghouse for efficiency and accuracy. You’re only billing a single payer, such as Medicare, and they allow direct submission.

HIPAA 195
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Do You Worry About Getting Audited?

Nurse Practitioners in Business

Clinical documentation audits. But it’s not the only reason payers may look at clinical documentation. We all know our documentation can protect us or get us into trouble if it’s not there. How to perform a self-audit prior to submission of any documentation. Or are there liability issues?

Business 370
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Business Planning: Not Just For Startups

Nurse Practitioners in Business

But not all business plans are created equal… And depending on the size and the needs of the business or practice, some may benefit from a traditional, formal business plan, whereas others may do fine with a more informal document. But they are meant to be living, breathing documents that guide decision-making and strategy.

Business 367
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The 3 Common Mistakes NPs Make Starting Their Practice

Nurse Practitioners in Business

The most significant growth in those needing healthcare is the geriatric population, and most of them will have Medicare and seek providers accepting Medicare. (By By the way, all providers, by law, must accept Medicare unless they intentionally and formally opt out. If you do, make sure to follow up!

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Navigating New CMS Skin Substitute Updates: Essential Policies for Wound Care Providers

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million Medicare beneficiaries in the U.S. Using non-covered products or failing to meet documentation standards can lead to reimbursement denials, audits, and delayed or disrupted care for vulnerable patients. Wound care providers are entering a new compliance landscape, which will impact 10.5 with chronic wounds. Heres how: 1.