3 min read

Behavioral Health In America & The Dollars Advocates Are Fighting For

By InSync Healthcare Solutions on Jun 2, 2020 10:30:35 AM

In today's COVID-19 economy, businesses across the US are faced with difficult financial decisions. With all 50 states in some form of reopening, many mental health practices are beginning to consider their own reopening process, which is leaving providers asking how best to deal with the surge of mental health issues across the country along with dealing with the mental health billing.

Topics: Medical Transcription Services Healthcare Software OB GYN EHR Software Medical Billing Software EHR Software Physical Therapy Medical Tax Deduction
3 min read

Understanding The Section 179 Deduction for Your 2020 Taxes

By InSync Healthcare Solutions on May 28, 2020 8:23:35 AM

Welcome to the 2020 guide to understanding the section 179 deduction for your medical practice. Section 179's purpose is to give practices the opportunity to deduct the full purchase price of qualifying equipment and/or software acquired during the tax year from your gross income. For 2020, there have been some changes to the deduction, read on for the updates to section 179.

Topics: Practice Management Software OB GYN EHR Software EHR Software Behavioral Health Software Physical Therapy Medical Tax Deduction Pediatrics
2 min read

Does Your Medical Practice Qualify For The CARES Act?

By InSync Healthcare Solutions on Apr 24, 2020 12:49:02 PM

The CARES Act or The Coronavirus Aid, Relief, and Economic Security Act is a law meant to address the economic fallout of the 2020 coronavirus pandemic in the United States. It allocates $100 Billion in relief funds to our country’s providers to support healthcare-related expenses or lost revenue. Starting April 10th, 2020 medical practices across the country began to receive the first $30 billion in payouts from the US government, but what if you haven't received money for your practice yet?

Topics: Practice Management Software EHR Software Medical Tax Deduction
4 min read

10 COVID-19 Updates: March 30, 2020

By InSync Healthcare Solutions on Mar 30, 2020 7:26:40 PM

The rippling effects of COVID-19 have created a large impact on government regulations, the healthcare industry, and our lives in the US. With changes to protocols being made on a daily basis, here are some of the most recent updates.

Topics: Covid-19 Medical Tax Deduction
5 min read

Everything You Need to Know About The MACRA

By InSync Healthcare Solutions on Mar 26, 2020 5:25:52 PM

Updated March 26, 2020
 

The Medicare Access and CHIP Reauthorization Act (MACRA) is bringing new changes for incentive-based programs, regulations, claim processing, and more. So what does this mean for the healthcare industry moving forward?

Topics: Covid-19 MACRA Medical Tax Deduction
2 min read

New Protocol: How/When to use MBI Numbers

By InSync Healthcare Solutions on Dec 19, 2019 4:56:57 PM

Starting January 1, 2020, all Medicare claim transactions must be submitted with Medical Beneficiary Identifiers (MBIs). There are a few exceptions when a Health Insurance Claim Numbers (HICNs) can still be used, which we'll review below.

Topics: Medical Tax Deduction
3 min read

What is Section 179 Deduction

By InSync Healthcare Solutions on Nov 14, 2019 10:18:29 AM

The Section 179 IRS code is here to help stimulate our economy and give practices of all sizes the opportunity to deduct the full price of qualifying equipment and/or software acquired during the tax year. This deduction offers a solution towards purchasing multiple items of equipment or software in the same year more palatable - which is the point of Section 179: to motivate the American economy to move in a positive direction.

UPDATE: New for 2020 Section 179 Details


Topics: Practice Management Software Medical Tax Deduction
2 min read

$100 Million Rural Telehealth Pilot Program Takes Flight, Backed by FCC

By InSync Healthcare Solutions on Jul 12, 2019 9:00:00 AM

The Federal Communications Commission (FCC) has voted to advance a three-year $100 million pilot program with the intent to bring telehealth services to low-income patients and veterans. With unanimous approval, the FCC approved a provision to move forward and seek comment on the management and implementation of the Connected Care Pilot program.

Topics: Telehealth Healthcare Software Medical Tax Deduction
4 min read

MACRA: An Overview, 3 Years In

By InSync Healthcare Solutions on Apr 19, 2019 9:05:00 AM

Signed into existence in April of 2016 and implemented at the beginning of 2017, the Medicare Access and Chip Reauthorization Act (MACRA) has had a huge impact on the healthcare industry at large. Give the increased focus on value-based care and interoperability, it’s no surprise that an act that puts monetary value on these aspects of healthcare remains influential. But MACRA is far from stagnant—it’s a living piece of legislation, that has been adjusted and modified in numerous areas during its 3 years of use. Still, it’s not without its flaws.

Topics: MACRA Medical Tax Deduction