We take the business out of healthcare
Every month seems to bring additional complexities to healthcare; new layers of paperwork, new regulations to learn, new policies to develop and implement. You can easily spend as much time caring for your practice as you do for the people who seek your professional help. Is this how you wanted to spend your career?
You care for the patients. We take care of everything else.
Grand Management Group is a closely knit team of financial and practice management specialists who focus on the day-to-day, month-to-month, and year-to-year policy and procedural aspects of your practice so that you can focus on patient care. We support you with efficient, personal service; relevant, reliable information; and effective, innovative solutions that keep pace with your changing needs and the requirements of a dynamic profession. We can help you manage financial priorities, enhance your practice management methods, and take full advantage of new opportunities. We offer accounting, tax, retirement, consulting and practice management services that are healthcare specific and seamlessly integrated.
Count on Grand Management Group to manage your practice
so you can practice medicine.
News & Notices
Are you confident that your Business Associates (BA) have a HIPAA compliance manual and trained staff? Do you realize that you are responsible to ensure your BA’s are compliant? Are you compliant with new requirements under Section 1557 of the Affordable Care Act regarding nondiscrimination? The Office for Civil Rights (OFC) has increase the budget by $4 million over last year to ensure compliance. Expect second round audits to being early 2017. We can help! Contact Lorie Stewart, CMPE, moc.gmdnarg@eirol or Cindi Timmer-Walker, moc.gmdnarg@idnic at Grand Management Group 616-235-4800.
CMS deadline for attesting for 2016 Medicare EHR Incentive Program is February 28, 2017. The EHR reporting period was any continuous 90 days between January 1 and December 31, 2016. Avoid a 2018 payment adjustment, attest today.
The 2017 social security wage base and retirement plan contribution limits have been announced. The social security wage base has increased from $118,500 to $127,200 for 2017. The maximum elective deferral limit for 401(k) and 403(b) remains the same at $18,000. The catch-up contribution for those 50 years and older did not change either and is still $6,000. However, the annual defined contribution limit has increased to $54,000