Additive Manufacturing Has Many Tax and Accounting Implications

Many businesses and firms think 3D printing is too expensive to integrate into their operations. Yet today, there are many reasonably priced, consumer-grade 3D printers available, and the applications for this additive manufacturing process are seemingly endless…

Attention Kansas CAHs – Upcoming DSH Surveys

For all Kansas Critical Access Hospitals (CAH), the SFY 2019 Disproportionate Share (DSH) and Uncompensated Care (UCC) payment survey is expected to be sent by the end of May. If a CAH has not completed this survey in the past, this is an opportunity for hospitals to receive a DSH payment for…

Trends in Physician Compensation

Physician compensation is changing as hospitals rapidly acquire physician practices and reimbursement levels decline.  Hospitals are looking for new methods of compensation that tie their pay to productivity, on-call coverage and quality measures. Below are trends affecting the physician compensation today…

Risk Tolerance + Payor Contract Reviews/Audits

There are certain things in life and in the healthcare industry that we can trust: (1) the sun will rise in the east and set in the west, and (2) as a hospital or clinic, your primary source of income is the payment you receive from third party payors…

Medicare Cost Report Electronic Filing

CMS recently introduced the new Medicare Cost Report e-Filing system (MCReF). In an effort to standardize, automate, and streamline the cost report process, providers now have the option as of 5/1/2018 to electronically submit the Medicare cost report packet through an online portal…

Notice: New Medicare Numbers & Cards

Social Security Numbers are being removed from Medicare cards, including Railroad Retirement, to prevent fraud, fight identity theft, and keep taxpayer dollars safe. Medicare patients in the Midwest (Nebraska, Iowa, Kansas North and South Dakota) will receive new Medicare Beneficiary Identifier (MBI) numbers…

The 5-Minute Financial Overview: QuickBooks’ Company Snapshot

If you’re a business owner or manager, you’re constantly juggling numerous ongoing projects. You need to know the status of each as you start your workday, so you probably consult notes and files, a spreadsheet, or maybe a project management application…

Disclosure Relief: SEC Redefines “Smaller Reporting Company”

The SEC is “very close” to adopting rules that will revise the definition of “smaller reporting company” and let more companies file reports with a lighter load of disclosures. This article explains how the changes will promote capital formation and reduce the compliance costs for smaller companies…

FASB Proposes Updated Standard for Cloud Computing

The FASB recently issued a proposal to clarify how to account for the costs of setting up business software packages that are managed in the cloud. This article explains how the proposal, if finalized, would let more of the costs of implementing a cloud computing contract be spread over the contract’s life. A sidebar explains why inquiring about cloud computing risks is an integral part of the financial statement auditing process…


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