Anderscpa.com

What is Credentialing

Credentialing is a requirement for most medical professionals working in a health care setting. Physicians, dentists, nurse practitioners, physician’s assistants and other medical … See more

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URL: https://anderscpa.com/what-is-credentialing/

How a 1099 Physician Pays Taxes and How It Compares to W2

WEBWhen earning and reporting 1099 income, the taxpayer becomes fully responsible for paying both the employee/employer portions of Medicare and FICA tax, which totals 15.3%. In comparison, a taxpayer who is a W2 employee shares the burden with their employer and is only responsible for paying the employee half of the taxes, or …

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Health Care CPA Outsourced Payer Enrollment Anders St. Louis

WEBAnders and Fifth Avenue Healthcare Services partner to provide streamlined outsourced credentialing and provider enrollment services to minimize the workload of your staff and increase efficiency, leading to reduced turnaround times. Our full-service solution speaks to one of the health care industry’s biggest, yet most essential

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Health Savings Flexible Spending Account Benefits and …

WEBThere are many factors to take into consideration before choosing a Health Savings Account (HSA) or Flexible Spending Account (FSA). Taking advantage of one of these accounts allows you to deduct out-of-pocket medical expenses.

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Essential Health Benefits Self Insured Plans St Louis CPA

WEBThe statutory definition of “essential health benefits” includes items and services in ten general categories: Pediatric services (including oral and vision care). Although your self-insured plan isn’t required to cover essential health benefits, you still need to understand what constitutes essential health benefits under your plan.

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Illinois License Renewal Fees Waived for Frontline Health Care …

WEBIllinois Governor J.B. Pritzker announced plans to waive licensing fees for frontline health care workers during fiscal years 2023 and 2024. While it’s welcome news that renewals and new applications will come at no cost for Physicians, Registered Nurses and more, health care facilities responsible for managing those renewals can find …

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Do Our Contributions Count Toward the Health FSA Limit

WEBAnswer: The statutory limit ($2,550 for plan years beginning in 2015 or 2016) applies only to health FSA salary reduction contributions. Nonelective employer contributions, such as the matching or seed contributions you mention, generally don’t count toward the limit. But if employees may elect to receive the employer contributions in …

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Rural Health Clinics Revenue Cycle Management Healthcare CPA

WEBTax Planning and Compliance. Strategic Tax Forecasts. Comprehensive Business-Personal Services. Fraud Prevention and Detection. Managed Care Contracting to Optimize Opportunities. To learn more about our Health Care Group or arrange a meeting with our team, please contact: Brian M. McCook, CPA, 314-655-5564, …

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Adulting 202: Understanding Your EOB and Medical Bill

WEBAn EOB is a summary of which services you received from your health care provider and how much the insurance company is paying the provider. Any amount not paid by the insurance company is going to be your responsibility via a bill from your provider. Typically, you should receive an EOB from the insurance company first and then a bill …

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Advisory Services St. Louis Advisors Anders CPA Firm

WEBIndustries We Work With. No matter the size of your business or your unique needs, our advisory specialists focus on the following industries and serve others as well: Banking and Financial Institutions. Broker/Dealers. Cannabis. Construction. Health Care. Manufacturing and Distribution. Not-for-Profit.

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Tax Deductions for Self-Employed Physicians Filing Form 1099

WEBQualified Business Income (QBI) Deduction – On a macro, highly simplified level, the QBI deduction allows you to deduct up to 20% of your self-employment income. A taxpayer with $100,000 of self-employed income could potentially receive a $20,000 QBI deduction, bringing the overall taxable income down from $100,000 to $80,000.

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Electronic Health Records Documentation Gaps Medical CPA

WEBCertified Electronic Health Record (EHR) systems are designed to record and track accurate documentation for exchange with other health care facilities or to be accessible in the patient’s portal. To maximize the potential of an EHR and patient safety, it’s important to ensure there are no documentation gaps, and that what is captured in

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How Hospitals Qualify for Not-for-Profit Tax-Exempt Status

WEBTo qualify as a not-for-profit, tax-exempt hospital, there are a number of requirements that must be followed under IRS section 501 (c) (3). The Affordable Care Act added even more requirements through section 501 (r), stating that hospitals must be able to show the benefit it brings to the community through a community health needs …

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Self-Insurance Program Captive Insurance Program St Louis CPA

WEBAs the name suggests, self-insurance simply means employers pay claims as they become payable — generally administered by a third party. To protect themselves from a catastrophic claim, or a year when they experience a spike in employee health problems, self-insured employers typically buy stop-loss coverage.

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Anders Partners with Fifth Avenue to Provide Streamlined …

WEBAnders is expanding our partnership with Fifth Avenue Healthcare Services (Fifth Avenue) to offer a streamlined, outsourced credentialing and provider enrollment process for physician practices and health systems in Missouri and Illinois. With an industry-focused team of health care advisors, Anders has the provider enrollment …

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Katie M. Richter

WEBAs a health care consultant, Katie brings her can-do attitude when working with health care organizations on provider enrollment, contracting and credentialing. She possesses knowledge and experience in navigating CAQH profiles, payer portals, payer directories and PECOS. Katie is a highly resourceful self-learner who can operate effectively

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An Employer’s Guide to Multi-State Payroll Tax

WEBEmployers are responsible for state tax withholding for remote employees and employees who reside out-of-state and commute into the state the business is located. Misclassifying an employee as an independent contractor can result in employer liability for the employee’s taxes. Certain states require employers to withhold state unemployment

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Benefit Plan Audits Audit and Assurance Anders CPA

WEBStreamline Operations While Staying in Compliance. Anders has extensive audit experience to help you understand employee benefit plan requirements through ERISA, the Department of Labor and the IRS. Using limited- and full-scope financial statement audits, we can spot opportunities for savings and streamlining operations.

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HIPPA Portability Rules Pre-Existing Conditions St Louis CPA Firm

WEBThe portability rules enacted under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) were intended to ameliorate “job lock” — that is, employees’ reluctance to change jobs for fear a pre-existing medical condition wouldn’t be covered under a new employer’s health care plan. HIPAA’s portability rules include:

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