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Accounting Services

Some firms will gladly help you extinguish a fire; we will help you prevent one. We are proactive and hands-on in all financial assessment and reporting. We keep our clients close and tend to be actively involved, not just quarter-to-quarter or year-to-year but weekly, even daily if necessary. Grand Management Group accounting professionals can provide objective advice and critical guidance with every report, adding meaning to the numbers.

Accounting & Financial Statement Services

  • Preparation and review of financials
  • Department and cost center accounting
  • Statistical comparisons
  • Overhead analysis
  • Daily Balancing – Errors, even small ones, pile up quickly over a week, month or quarter. We have long supported the practice of daily balancing.

Solo & Group Practice Services

  • Income splitting formulas - We are experienced third-party negotiators, assuring that all partners are happy with compensation and benefit contracts.
  • Practice valuations
  • Recruitment - If additional professionals are required, it can often mean that you are too busy to look for them. We can recruit, screen and recommend.
  • Benefits planning
  • Business start-up services - From finding the perfect site, to hiring the right staff, from providing training services to credentialing – there is no aspect of launching a healthcare practice at which we are not experienced and adept.

News & Notices

Important Changes to Consultations from United Healthcare

While Medicare discontinued payment allowance for consultation services (ranges 99241-99245 and 99251-99255) in January 2010, many commercial carriers have continued to cover these services. United Healthcare is now joining Medicare's opinion on consultation services.


In the June 2017 edition of the United HealthCare Bulletin, United Healthcare has announced that effective October 1, 2017, they will discontinue payment of CPT codes for consultation services.

According to UnitedHealthcare, effective October 1, 2017 it will reimburse the appropriate E/M procedure code in lieu of a consultation code. This change will align UnitedHealthcare with CMS' policies regarding payment for consultation codes.

 

 

 

PREVENTING OVERPAYMENTS FROM BECOMING FALSE CLAIMS

 

PREVENTING OVERPAYMENTS FROM BECOMING FALSE CLAIMS 
Posted: 05 Jun 2017 09:00 PM PDT
By:  Andrew Sparks
Overpayments to healthcare providers receiving Medicare reimbursements are at risk of civil and criminal enforcement action if not attuned to a particular reimbursement rule and diligent in compliance with the rule’s requirements. In short, the overpayment rule turns potential billing mistakes into fraud. A healthcare provider cannot keep money paid in error. The Government and relator bar are certain to address fully this theory of liability against every healthcare provider who ends up in litigation. If an overpayment is identified and the provider does nothing, then the provider will end up paying significantly more to the Government. It’s the proverbial pay (less for compliance) now or more (to the Government) later. Put differently, healthcare providers should address the smaller problem sooner rather than the bigger problem later.  Last year Centers for Medicare and Medicaid Services (CMS) released its Final Rule concerning overpayment procedures for Medicare Parts A and B. The Rule implements Section 6402(a) of the Affordable Care Act, which addresses the identification, reporting and repayment of overpayments. Healthcare providers reasonably should expect to see increased use of this provision in Government enforcement and whistleblower lawsuits now that the overpayment requirements have been disseminated fully throughout the healthcare community. 
Last year Centers for Medicare and Medicaid Services (CMS) released its Final Rule concerning overpayment procedures  for Medicare Parts A and B. The Rule implements Section 6402(a) of the Affordable Care Act, which addresses the identification, reporting and repayment of overpayments. Healthcare providers reasonably should expect to see increased use of this provision in Government enforcement and whistleblower lawsuits now that the overpayment requirements have been disseminated fully throughout the healthcare community.
Please read the entire article here.
 
Andrew L. Sparks is a Of Counsel in Dickinson Wright’s Lexington office. He can be reached at  859.899.8734.

 

Overpayments to healthcare providers receiving Medicare reimbursements are at risk of civil and criminal enforcement action if not attuned to a particular reimbursement rule and diligent in compliance with the rule’s requirements. In short, the overpayment rule turns potential billing mistakes into fraud. 

 Please read the entire article here: http://www.dickinson-wright.com/news-alerts/preventing-overpayments-from-becoming-false-claims

 

I-9 Compliance

 

The IRS recently announced the 2018 contribution limits for Health Savings Plans. The maximum contribution for individuals is increasing from $3,400 to $3,450 for the coming year. Those with family coverage will be able to contribute $6,900 for 2018, which is up $150 from 2017's limit. For more information, please visit the following:

The U.S. Citizenship and Immigration Services (USCIS) has announced that they have, once again, updated their Form I-9, Employment Eligibility Verification. 

Employers may download the new form here: https://www.uscis.gov/i-9 


It is mandatory that the newly updated form be used effective September 17, 2017.   Between now and then, employers may use either the newly revised form or Form I-9 with revision date of 11/14/16N.    Employers must continue following existing storage and retention rules for any previously completed Form I-9.    

 

 

 

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