Getting Ready For Tax Season: What A Medical Practice Needs To Know
While it feels like the year has just begun, we’re already into the 4th quarter which means it’s time to start thinking about taxes. No business owner wants to think about dealing with the IRS, but unfortunately it’s inevitable and something that as a medical practice you have to deal with or else risk getting into serious trouble. While our team at Outsource Receivables can help you to get a better handle on your profitability, we thought it would be a good idea to put together a few tax tips as we get closer to the end of the year.
In this article are steps you can take now to ensure that come April 15th, your life doesn’t unravel because you weren’t properly prepared to file your taxes. Keep in mind that all of these tax tips should be run by your accountant to ensure that they apply in your local area.
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Partnering with a medical billing services company can take your medical clinic to the next level of success. Outsource Receivables, Inc. (ORI) provides innovative software solutions for convenient electronic medical records keeping, billing, coding, payer management, receivables and more. The ORI system is absolutely one of the most efficient and easy to use medical billing solutions for all types of medical practices. Partnering clinics can choose to integrate ORI revenue cycle management expertise using an existing medical records and practice management system or utilize our state-of-the-art system at no extra charge.
When you feel like you’ve hit a wall with managing your healthcare billing and coding internally, and it is beginning to have a negative impact on your medical practice, it’s time for a change. Well, if you are in St. Paul, MN or the surrounding suburbs, the answer is simple. A partnership with the medical billing experts at Outsource Receivables is the best solution. Our dedicated staff provides a free onsite no obligation assessment of every aspect of your clinic. Our team reports the findings to you with a detailed plan. You decide to do it yourself or partner with us. Did we mention we also offer a money back guarantee?
