Sep 23, 2016 | Uncategorized
It is, after all, a service industry and a very very big one. To be so we need and have customers. Customers provide value to us in return for the services we provide to them. In turn, we are also a customer seeking services, providing value in return for it. It is the latter that is often lost and therefore not used to proper advantage in the noise of the moving parts of this two-trillion dollar industry.
nStay tuned for more Todd’s Tips!nn
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About R. Todd Welter • MS, CPCnFounder and President of Welter Healthcare Partners
nMr. Welter has over 25 years of healthcare industry experience assisting physicians and other providers, hospitals and other facilities with the business side of medicine. Through strategic planning and analysis, Mr. Welter’s main focus is to strategically increase revenues and profitability in this radically changing health care environment.
Mr. Welter has a Masters Degree in Organizational Leadership from Regis University in Denver where he has had an appointment as affiliate faculty in the School for Professional Studies for over ten years. In addition, Mr. Welter holds a faculty appointment at the University of Denver’s University College. In the Health Care Leadership program he teaches Macro Economics in Health Care and Innovative Strategies and Change in Health Care to graduate students.
Sep 23, 2016 | Uncategorized
Accounting, Bookkeeping, and Financial Controls are now available at Welter Healthcare Partners!nnOur clients’ financial success is our number one priority! We understand that having up-to-date and accurate financial information is critical to running a successful business. More so, understanding the financials allows for good and thoughtful execution of ideas.nnWe offer personalized accounting services designed to help you identify opportunities for increased profitability and growth. Our experienced team of accountants and bookkeepers, superior customer service and overall financial management knowledge, allow our clients and business owners to focus on what they do best—being successful in their chosen field!n
We work in a variety of industries including:
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- Healthcare and Physician Practices
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- Energy
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- Direct to Customer Service Organizations
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- Financial Services
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- Marketing and Graphic Design
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We will work with you to customize a package of accounting services and solutions based on your specific needs, including:
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- Accounting Software Selection and Implementation
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- Accounting Clean Up for books that are inaccurate or not current
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- Financial and Business Consulting
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- Financial Analysis including cash flow, budgeting and forecasting
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- Financial Reporting (P&L’s that are actionable!)
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- Full Bookkeeping Services including A/P, A/R, journal entries, etc.
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- Payroll Services
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- Sales Tax Services
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- 401k and other benefit management and distributions
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- Monthly reconciliation of bank statements and credit card statements
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- Maintenance of business, payroll, and vendor files
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- Prepare and issue annual 1096/1099 to vendors
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- Coordination with your tax accountant for annual tax preparation
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Sep 2, 2016 | Uncategorized
Ensure Your Practice is Compliant! The ACA requires you to! Contact Welter Healthcare Partners today for a Coding and Documentation Audit!
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More than three dozen just-released audits reveal how some private Medicare plans overcharged the government for the majority of elderly patients they treated, often by overstating the severity of certain medical conditions, such as diabetes and depression.nnThe Center for Public Integrity recently obtained, through a Freedom of Information Act lawsuit, the federal audits of 37 Medicare Advantage programs. These audits have never before been made public, and though they reveal overpayments from 2007 — money that has since been paid back — many plans are still appealing the findings.nnMedicare Advantage is a privately run alternative to standard Medicare; it has been growing in popularity and now enrolls more than 17 million seniors. In 2014, Medicare paid the health plans more than $160 billion.nnBut there’s growing controversy over the accuracy of billings, which are based on a formula called a risk score; it is designed to pay Medicare Advantage plans higher rates for sicker patients and less for people in good health. In a series of articles published in 2014, the Center for Public Integrity reported that overspending tied to inflated risk scores has cost taxpayers tens of billions of dollars in recent years.nnIn May, a Government Accountability Office report called for “fundamental improvements” to curb excess charges linked to faulty risk scores. In addition, at least half a dozen health-industry insiders have filed whistleblower lawsuits that accuse Medicare Advantage insurers of manipulating risk scores to boost profits.n
CLICK HERE TO READ MORE
nThis article originally posted on NPR.org.
Sep 2, 2016 | Uncategorized
Credentialing processes are generally outdated, burdensome and plagued with delays, according to a new survey on the state of today’s medical credentialing processes. It was found that 1 in 3 healthcare organizations are not satisfied with the credentialing experience.nnThe SkillSurvey survey of nearly 500 healthcare industry leaders was intended to discover the impact credentialing delays and inefficiencies have on a healthcare organization’s bottom line. Notably, more than half of all U.S. states now recognize negligent credentialing as a reason for litigation against healthcare organizations, according to information from SkillSurvey.nn”As our study shows, the traditional credentialing process is outdated and slow. While waiting to be fully credentialed, top medical talent sits on the bench, negatively affecting the hospital revenue cycle,” Ray Bixler, president and CEO of SkillSurvey, said in a statement. “Our survey shows that one in three job applicants are not satisfied with their credentialing experience. Credentialing is long overdue for an upgrade.”nnHere are four additional survey findings.nn1. Two in three credentialing processes (67 percent) are taking longer than five to six weeks to credential a clinician.nn2. Sixty-two percent of respondents said it takes from one to three weeks for peer references to respond to traditional credentialing requests.nn3. Half of respondents report it takes one to two weeks to verify a hospital affiliation.nn4. Nine in 10 organizations believe it is critical to continue improving the applicant onboarding experience within the credentialing process.nnThis article was originally posted on BeckersHospitalReview.com.nn
Sep 2, 2016 | Uncategorized
Or is it? We can’t help patients, cure disease or fix trauma without a healthy practice.nnMany providers have sought the perceived safe harbor of hospital employment. That is OK for some, a good idea for others but, in my experience, a huge mistake for most. It is also my experience that the reason used to make the mistake is, at the end of the day, bookkeeping or the lack of it being done properly. Private practice is a business and, when run successfully with good operations, good and honest information and analysis, and well thought–through strategic decision–making, the last and worst option is hospital system employment.nn
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About R. Todd Welter • MS, CPCnFounder and President of Welter Healthcare Partners
nMr. Welter has over 25 years of healthcare industry experience assisting physicians and other providers, hospitals and other facilities with the business side of medicine. Through strategic planning and analysis, Mr. Welter’s main focus is to strategically increase revenues and profitability in this radically changing health care environment.
Mr. Welter has a Masters Degree in Organizational Leadership from Regis University in Denver where he has had an appointment as affiliate faculty in the School for Professional Studies for over ten years. In addition, Mr. Welter holds a faculty appointment at the University of Denver’s University College. In the Health Care Leadership program he teaches Macro Economics in Health Care and Innovative Strategies and Change in Health Care to graduate students.
Sep 2, 2016 | Uncategorized
Z56.6 — Other physical and mental strain related to worknnZ56.5 — Uncongenial work environmentnnZ56.3 — Stressful work schedulennZ56.4 — Discord with boss and workmates
