07.01.19

Fending Off Fraud with Good Internal Controls

Healthcare professionals focus on inefficiency and waste to maintain successful practices, often forgetting about the need to prevent and catch fraud. Controls are necessary to protect practices from the damage that employee fraud can cause.

06.26.19

Newsbits: Giving Study Yields Disappointing Results
Kenneth Tornheim

Giving Study Yields Disappointing Results A new study based on data gathered over 15 years from more than 9,000 U.S. families offers an in-depth look into charitable giving during that period. It also includes some discouraging data. The Philanthropy Panel Study is conducted every two years by the Indiana University Lilly Family School of Philanthropy […]

06.19.19

How to Raise Rates Carefully
Jacqueline N. Janczewski

If you hope to expand your profit margin by raising rates, here are some factors to consider so that you do not alienate clients, new or old.

06.19.19

Tackling Workers’ Student Loan Debt in your Organization

When you look at the news, whether on the Internet, newspaper or television, there seems to be a piece about student loan debt. The American Institute of Certified Public Accountants reported that student loan debt today averages $33,332. In addition, NerdWallet reported that this amount will be $37,400 on average for a 2019 high school […]

06.17.19

How to Choose a Guardian for Your Child
Tanya Gierut

Having a child is a very exciting time in one’s life.  There are many new firsts not just with the baby, but with the parents too.  While the baby’s current needs take priority, the parents need to think about the future. What if something happens to you and your spouse? Who will care for your […]

06.17.19

Can Nonrecourse Loans Still Create Personal Liability?
Thomas Kosinski

With the many types of loans available to borrowers, nonrecourse loans remain popular with borrowers because they can shield them from personal liability. Even if you own your business through a limited liability company, banks may not be willing to lend funds without recourse. Lenders will try to add “carve outs” to minimize that protection. […]

06.12.19

Accounting for Grants
Sarah G. Widlock

With the release of the Financial Accounting Board’s (FASB) Accounting Standards Update (ASU) 2014-09, Topic 606, Revenue from Contracts with Customers, there was some confusion on how it would affect the not-for-profit industry, specifically how entities recognize grants. Even before the issuance of ASU 2014-09, there has been diversity in practice in recognizing grants, but […]

06.07.19

KPIs to Meet Your Business Goals: The Seven-Step Formula to Choose the Right KPIs to Drive Growth

When setting your business goals, it is not always easy knowing where to begin. If you have been in business long enough, you are already well aware that tracking key performance indicators (KPIs) should be a component of your business strategy. However, where we often see companies flailing in this process is by setting too […]

06.06.19

Quality of Earnings Reports Look Beyond the Numbers

In mergers and acquisitions, potential buyers as part of their due diligence may obtain a quality of earnings (QOE) report to evaluate the validity and sustainability of the seller’s reported earnings. It is also not uncommon for companies contemplating a sale to obtain their own QOE reports to spot potential problems that might derail a […]

06.04.19

Five Ways to Improve Practice Efficiency
Kelly H. Buchheit

The concept of work efficiency is rife with adages such as “work smarter, not harder” and “arrive early, leave late.” While certainly meaning well, these statements are vague. As such, I present to you five specific ways you can improve the efficiency of your medical practice: Get Paid for What You Do You should make […]