The US House of Representatives Committee on Ways and Means has passed the "Protecting Americans from Tax Hikes" (PATH) Act, which, among other things, has expanded the tax deduction for the Section 179 provision for capital purchases through December 31, 2015.
According to a recent observational study by the British Medical Journal (BMJ), the practice of "defensive medicine", spending more time, money, or resources on patients, appears to correlate to lower incidents of malpractice lawsuits. The study raises other questions in an era when physicians are under more pressure to lower healthcare costs.
As we approach the year’s end, JTECH Medical thought it would be helpful to delve into some of the financial aspects of purchasing equipment for your practice. To this end, we sat down with Phil McStotts, CPA, CGMA, to talk about issues ranging from deciding whether or not to finance your equipment to what tax advantages may best suit your needs.
For many clinicians the Personal Injury arena is oftentimes a confusing, aggravating and frustrating place. Frequent questions and concerns include: What are the latest Personal Injury clinical documentation requirements? "How do I protect my bill?" "What do the auto carriers want from me?" "How do I navigate around in the current med-legal landscape?" and of course the ever-popular "How do I get more Personal Injury patients?"