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The post Healthcare Open Enrollment Support for Startups appeared first on Burkland. You can expect to receive your first communications from benefits providers before the start of fall, and will most likely see a price increase for 2025, so it’s time to start preparing now.
Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Authors: John Smith | jsmith@withum.com and Tim White , CPA, MSA | twhite@withum.com Contact Us For more information on this topic, please contact a member of Withum’s Healthcare Services Team.
For healthcare founders, the MSO/PC model simplifies scaling, ensuring compliance with CPOM while allowing you to focus on delivering quality care. The post The MSO/PC Advantage for Scaling a Healthcare Startup appeared first on Burkland.
The coronavirus pandemic poses an unprecedented challenge to healthcare systems that will likely extend for months — and perhaps even years — to come. This reflects the complexities of a payment chain in healthcare that involves multiple entities, including patients, insurers, providers and government agencies.
Drawing from years of experience across industries ranging from healthcare to media and financial services, our esteemed speaker will walk you through proven methods that finance professionals can adopt to build resilience in cash flow management.
As the cost of healthcare in the U.S. rises to a record high since the COVID-19 pandemic, nearly half of employers expect healthcare costs will exceed budget projections this year. WTW’s 2024 Best Practices in Healthcare Survey found that U.S. employers project their healthcare costs will increase by 7.7%
On September 14, 2022, the FBI issued the attached notification regarding hackers that are actively targeting healthcare payment processors to reroute funds to attacker-controlled accounts. Entities involved in processing and distributing healthcare payments through processors remain vulnerable to exploitation via this method.
Healthcare startups need a CFO who understands the industry, knows the regulatory landscape, and can open doors with healthcare-focused capital sources. The post What to Look for in a Fractional CFO for a Healthcare Startup appeared first on Burkland.
In the accelerated, digital-first world, few things are more complicated than healthcare payments. Because healthcare payments, as i2c President Jim McCarthy told Karen Webster in an interview, are a mess for both patients and providers. The patient, McCarthy noted, has become the largest payor in the entire healthcare system.
Withum is excited to share that Michael George , Partner, has joined the Healthcare Services Team as a strategic leader. Formerly an audit partner at a Big Four firm, Michael has deep technical and industry expertise, including having previously led Healthcare-centered practices. We’re so glad to welcome Michael to our team.
employers are in agreement about plans to manage company healthcare costs and enhance mental health programs. The 2023 Best Practices in Healthcare Survey found more than two-thirds of U.S. employers (69%) are focused on managing healthcare plan costs. Some are still evaluating cost sharing for mental healthcare.
The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. This year, the first healthcare organization stated that it was going out of business due to a ransomware attack. In 2022, U.S.
The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. This year, the first healthcare organization stated that it was going out of business due to a ransomware attack. In 2022, U.S.
Download the Report Stay Ahead of the Cybercriminals We are amid a national crisis as healthcare data breaches and cyber threats continue to grow. We are amid a national crisis as healthcare data breaches and cyber threats continue to grow.
Qualified long-term care services are necessary diagnostic, preventive, therapeutic, curing, treating, mitigating and rehabilitative services, and maintenance or personal-care services required by a chronically ill individual that are provided under care administered by a licensed healthcare practitioner.
Qualified long-term care services are necessary diagnostic, preventive, therapeutic, curing, treating, mitigating and rehabilitative services, and maintenance or personal-care services required by a chronically ill individual that is provided under care administered by a licensed healthcare practitioner.
Top concerns in this economy: The fall survey saw a sharp rise in the number of SMBs worried about the cost of healthcare benefits (58%), up nearly 13% from the Summer Main Street Index. Nearly 49% of companies feel healthcare policy should be a priority, while 42% want the regulatory environment to be simplified.
So, ask lots of questions as you make decisions about healthcare, disability and life insurance, among other coverage options and benefits like healthcare savings accounts and transit benefits that can help you prepare for expected and unexpected expenses and, in some cases, even save you money.
On May 10, 2024, the Federal Government issued a joint advisory as the Black Basta Ransomware Group continues accelerating attacks on the healthcare sector. The Health-ISAC also issued a bulletin warning hospitals and other healthcare sector entities of a significant acceleration in cyberattacks by the Black Basta Ransomware Group.
As healthcare enrollment and renewal season continues, the Internal Revenue Service is reminding taxpayers that if they use flexible spending accounts (FSAs), they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. Consider: Updating medicine cabinet with necessary supplies. Big ticket expenses.
In many physician practices, it has been common practice to contract an outside healthcare professional to provide services at a per-procedure rate. Did you know that those healthcare professionals may now be considered employees? Is the healthcare worker required to attend meetings? On January 10, 2024, the U.S.
Industries like telecommunications, hospitality, healthcare, manufacturing, and technology face unique complexities when it comes to sales and use tax compliance. Healthcare There are so many different variables in the delivery of healthcare.
With strong leadership experience in driving initiatives in education, government and healthcare, his commitment to excellence is evident. His expertise lies in building high-performing sales teams, developing innovative go-to-market strategies, and fostering strong relationships with clients and stakeholders to exceed business objectives.
While unmarried adult children may be perfectly capable of making their own decisions, the consider the following circumstances: Your 24-year-old son working in another city is injured in an accident and unable to make healthcare or financial decisions. You and your spouse should also have similar documents for each other.
Since the firm’s founding in 1984, Summit Partners has invested in more than 550 companies in technology, healthcare and other growth industries. “We are excited to continue growing our team and building on UHY’s position as an industry leader.”
David Essary, President Allstate Benefits and Allstate Health Solutions, added: “We are excited to partner with QuickBooks to expand delivery of our healthcare solutions, and deliver on our promise to provide value, solutions, and protection when it’s needed most.”
The survey, which polled more than 275 executives across the public and private middle market – spanning sectors such as automotive, construction, financial services, healthcare and more – looks into the key trends, challenges and successes that businesses are set to experience in 2025.
Warehouse and inventory management is at the heart of business operations across industries like distribution, manufacturing, retail and healthcare. Yet, many businesses still rely on manual processes that are prone to errors, inefficiencies and operational delays.
MSL provides audit, tax, and consulting services and its key strengths include a robust audit practice for clients in the healthcare, public sector, construction, real estate, commercial products, and nonprofit industries.
Presented by ROI-NJ and the New Jersey Chamber of Commerce, the 2024 Top Champions of the C-Suite recognizes the top business leaders driving innovation across diverse sectors, from development and engineering to healthcare, finance, education and even sports.
However, a popular strategy over the past several years has been to sell your practice to a strategic buyer, such as a healthcare system or another large practice, or sell to a private equity firm under an MSO structure.
a Woodbridge, CT-based accounting, consulting, and tax firm specializing in the healthcare industry, effective next month. Alan Badey “We are thrilled to add the preeminent healthcare accounting firm in the state of Connecticut to the Citrin Cooperman family,” Citrin Cooperman Advisors CEO Alan Badey said in a statement.
There are two main types of accounts: healthcare FSAs and dependent care FSAs. Healthcare FSAs: After amounts are deposited in your account, you may use the money throughout the year to pay for qualified healthcare expenses as needed. Similarly, the employer saves on its share of payroll taxes.
At Xeinadin Sittingbourne, our team of 30, mostly Xero-certified advisors, supports small and medium businesses across various industries, including construction, healthcare, and non-profits.
ACCOUNTING CANDIDATES FTE Accounting | Candidate ID # 22574493 Certifications: EA in process Education: BA Business Experience (years): 20+ years accounting experience Work experience (detail): Currently Accountant & Office Manager at a CPA firm Full cycle accounting, reconciliations, financial reporting AP/AR, payroll processing and quarterly (..)
s public accounting expertise includes the practice areas of assurance, tax compliance and consulting, healthcare consulting, benefit plan services, valuation and litigation support, and business services. Blue & Co.’s
Russell Goldberg , Partner-in-Charge of Florida regional offices The Boca Raton office, strategically located to serve the dynamic and diverse South Florida market, supports individual clients as well as corporate clients across various industries, including cannabis , construction , healthcare , life sciences , and real estate.
Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked.
The COVID-19 pandemic has put enormous pressure on medical practices and healthcare workers. The last thing they need right now is to worry about financial losses and other negative repercussions of occupational fraud.
Not too long ago, companies in deep tech and healthcare were often overlooked for funding in favor of companies focused on consumer products and business innovation. Lu Zhang, Founder & Read More. The post A Deep Tech VC on Market Timing, Female Leadership & Diversity appeared first on Burkland.
With strong leadership experience in driving initiatives in education, government and healthcare, his commitment to excellence is evident. Houts is a seasoned delivery and sales leader with a proven track record of driving substantial revenue growth and optimizing strategies across diverse sectors.
.” The defections came in the form of several senior-level staff from BDO’s healthcare transaction advisory business who apparently left BDO with their national practice leader. Reuters : BDO also named as a defendant Phuoc Vin Phan, a former national practice leader of its healthcare transaction advisory team.
Industry-Specific Models: Tailored AI for Specialized Needs We’re entering an era of industry-specific Large Language Models (LLMs) tailored for fields like finance, healthcare, and law. In healthcare, they could assist clinicians with patient histories and treatment guidelines.
Look forward to proactive healthcare and data security in Healthtech: Healthtech is experiencing substantial VC interest, especially in companies advancing proactive healthcare solutions through AI and data analytics.
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