Category: Medical Practice Management
Why you should think twice before relying on public service loan forgiveness
ShindelRock has recently had several clients in their residencies contemplate working for a certain hospital because of the possibility of student debt cancellation under the public service loan forgiveness program. As a word of caution, a recent CNBC article highlighted...
Nurses working independently must apply for LLC, not PLLC
Nurses working independently in the state if Michigan must apply for an LLC, not a PLLC. Here’s why. Under the Public Health Code, a nurse must work under the delegation and general supervision of a physician. Therefore, the service being...
Recent tax case related to income from surgical center
In Stephen P. Hardy and Angela M. Hardy v. Commissioner, the U.S. Tax Court found that Dr. Stephen P. Hardy, a plastic surgeon who owned a minority interest in a surgical center, was allowed to treat his income from the surgical...
SR Client Questions: Employee stock transfers and “S” Corporations
Question: An “S” corporation is considering transferring stock to an employee/physician. What are the tax and related economic issues? Answer: Tax Law – Code Section 83: The controlling IRS code section determining the tax consequences for both the recipient/employee and the...
ShindelRock to present at MiMGMA Summer Conference
ShindelRock's Marianne Lilly and Steve Wisinski will present "Medical Practice Fraud and How to Prevent It" to the medical practice managers at the MiMGMA Summer Conference on Thursday in Boyne. Looks like a great agenda!
Guest Author Eric Nemeth: U.S. Supreme Court says $6 million fraud judgment against Blue Cross Blue Shield will stand
BCBSM changes self-funded customers hidden fees starting in 1994 Before 1994, BCBSM charged its self-funded customers various surcharges and subsidies to prop up its insured lines of business, but those surcharges and subsidies were disclosed on the bill. Over time,...
ABLE Act helps individuals with disabilities
Included in the Tax Increase Prevention Act of 2014 is a new type of tax-advantaged savings program for individuals with disabilities that begins in tax years after December 31, 2014. The new provisions are provided in the Achieving a Better...
Physician practices can avoid employment tax overpayment with “common paymaster”
Many of our clients are physician groups where the employee (a physician or nurse, say) is dually employed by the group as well as a hospital or other related entity. The related entities, the hospital and the physician practice,...
Medical office managers must protect against healthcare data theft
Large retailers like Target and Nordstorm have been recent victims of client data theft. It's a good warning bell for companies of all stripes to examine their data protection policies. Of particular concern--private healthcare information that is held by the...
Metro Detroit physicians should follow this checklist for a healthy office
Many of our clients at our Novi-based accounting firm are physician and physician groups, and helping hundreds of local doctors manage their practices over the years has taught us a few things about what circumstances make for a successful office. ...
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