Physican Finances [PF Anc]

Full Description

Physician Finances
October 27, 2011
Location
341 West Tudor Rd. #105
Anchorage, Alaska 99503
$295 Member Fee
$445 Non Member Fee
If you are presently doing tax and accounting work for physicians, and want to identify special MAS projects they need that you can provide, then signup for this program. Identify opportunities to provide valuable consulting services in practice management cost structure and collections, and keep pace with changes in health care delivery. Learn the ins and outs of physicians revenue recognition and business operations. Major emphasis will be on the Medicare RBRVS rules, changes in physicians compensation, current developments in managed care, and dealing with tax-exempt hospital based medical practices. Discuss practice operation, fraud prevention through appropriate controls, and tax and practice valuation issues. Explore physicians HMO and PPO contract issues. Examine specimen contract provisions. Discuss the Patient Protection and Affordable Care Act's effect on physicians' practices. This program is a MUST for the CPA providing specialized services to physicians.

Designed For:
CPAs in public practice and business managers of medical practices

You Will Learn To:
Provide profitable consulting services to physicians
- Evaluate the effect of the Patient Protection and Affordable Care Act on a medical practice
Assist physicians in analyzing and negotiating managed care contracts
Understand Medicare and its effect on a typical medical practice
Relate revenue coding to diagnostic coding
Avoid costly errors in personnel administration
Advise physicians about business management strategies
Analyze typical medical practices business agreements

This Program Covers:
CPAs role in healthcare practice
Managed care in general
Revenue and accounts receivable
Medicare - RBRVS impact
Financial strategies
Cost accounting benefits in medical practice
Personnel compliance
Full revenue review
Typical HMO contracts with physicians
Implementing compliance programs
Field of Study: Specialized Knowledge & Applications/Medical Practice Management
Level: Intermediate
Length: 8 CPE Hours
Suitable For: Public Practice/Industry
Acronym: PF
Discussion Leader:
Richard Bartholomew, JD, CPA is a shareholder and Director of Taxes for the accounting firm of Girardot, Strauch & Co., PC, in Lafayette, Indiana. Richard obtained his JD (Cum Laude) in 1981 from Indiana University School of Law Indianapolis. He is a member of the AICPA, Indiana CPA Society, Indiana State Bar Association, and the Tippecanoe Bar Association (currently serving as treasurer). Richard is also a past Chairman of the Indiana CPA Society Litigation Services Committee.

In addition to his normal work in the tax area, Richard has significant experience in representing clients before the IRS, including representing a client in two National Technical Advice Memorandums where the tax, penalty and interest totaled over $7 million. Richard also has significant experience in bankruptcy tax planning, as well as valuation and litigation services.

In addition to editing certain course material and teaching courses for Nichols Patrick CPE Inc., Richard has been a presenter at the AICPA Federal Tax Conference in Washington DC, the Minnesota Society of CPAs Annual Tax Conference, Ohio State Annual Tax Conference, CPA Associates International, the Indiana Continuing Legal Education Forum, and a statewide conference jointly sponsored by the Indiana Bar Association, the Indiana CPA Society, and the Internal Revenue Service. Richard also has written articles on tax issues and the use of accountants in litigation settings for certain legal publications.

Richard uses his outgoing personality and the skills he learned in Toastmasters to keep his seminars lively and interesting. "I always want the participant to go home with at least two new ideas that they can put into practice immediately, said Richard, about the courses he teaches.