What is Umbrella Insurance? Umbrella insurance is also known as personal liability insurance, which is a back-up insurance plan that kicks in after your other insurance coverage has been paid out, covering accidents that occur on your premises or because of you. Fundamentally this insurance can be considered as an added protection. Most of the …
Read moreReasons Why Umbrella Insurance Is a Must for Doctors
An audit is an official assessment of a person or accounts of an organization. ‘IRS Audit’, only listening to these words can scare even the most honest taxpayer, even if they have done their best to get their taxes in order. IRS is auditing doctors, and it looks like physicians are not comfortable with it …
The recently passed Tax Cuts and Jobs Act is debatable, to say the least. Looking at the situation as a physician, at first glimpse, it seems as though physician independent contractor tax deductions would actually go up. If you make money outside of your “regular” job, you will most likely have some related expenses that …
Read moreMost Overlooked Tax Deductions That Physicians Independent Contractors Must Know
The Supreme Court of the United States has agreed to hear $12B ACA Suit from insurers who claim they were hurt by risk corridor program. The health care law which is also called the risk corridors was introduced under Obamacare and the purpose of this program was to facilitate insurance companies who would participate to …
Read moreSupreme Court Agrees To Hear $12 Billion Lawsuit over Obamacare Payments
There are numerous stories of physicians getting embroiled in issues of ethical nature or not a crime but seriously putting their career at stake by a medical insurance auditor. Consequently forcing many of them to deal with matters that they were not liable and damaging their practice. The undeniably meddling and regularly illogical managerial, administrative …
Read moreHow an Insurance Company Auditor Tried To Destroy a Physician’s Career
There’s a lot of hype about the president’s new tax bill, or the Tax Cuts & Jobs Act. Here’s a breakdown of what tax for doctors actually means and tax saving tips for high-income earners. According to research by The Tax Foundation, a physician’s family with two children and $325,000 in earnings would save about …
Read moreHow to Keep More of What You Earn – Tax Tips for Physicians
28th May, 2019 Sybrid MD announces a strategic partnership with Jiseki to leverage health insurance benefits to its clients mostly physician practices and their staff. 22 May 2019, New York – Sybrid MD is a leading provider of integrated healthcare solutions and medical billing services that are transforming healthcare businesses and their processes. Sybrid MD today announces …
Read moreSybridMD Announces Strategic Partnership with Jiseki
Centers for Medicare and Medicaid services are changing payments to Medicare Advantage plans to reflect the health status of each beneficiary. CMS uses Medicare advantage risk adjustment methodology to ensure that the Medicare Advantage features work effectively by paying more for registered users, who are expected to cost more to take care and less for …
Read moreThe Medicare Risk Advantage Factor (RAF) And Adjustment Methodology
An EMR system is well-defined as an electronic record of health linked information of patients; and the records can be generated, collected, controlled and accessed by authorized clinicians, clinical staff and health care providers. The electronic medical records are in fact digital archive of the patient records that can be organized into digitally accessible archives. …
Read moreAdvantages of Electronic Medical Records (EMR) In The Healthcare System
An electronic health record (EHR) system is primarily a digital handler of patient health records. The system electronically stores patient health records and is most capable of sharing it with other integrated systems. EHRs are now smart enough to not only handle patient health information rather integrates with a patient portal, record billing information and …
Read moreBenefits of EHR For Physicians In Improving Quality, Efficiency, And Productivity