5 important tips for CFOs to step up their plates and focusing on wellness programs that can save the taxes.

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5 Tips For Medical Health Care
CFOs To Up Their Game In 2014
Presented By
Ango Mark, MedicalBillingStar

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• Federal mandates, financial constraints and heavy
penalties for non–compliance is going to make 2014 a
challenging, tumultuous year.
• It is time to up the game to ensure medical practices
don’t crumble under pressure.
1.Time for healthcare CFO’s to step
up their plate!

3. • Shares paid by the employee cannot exceed more than
9.5% of the employee’s annual household income.
• 40% excise tax imposed annually starting in 2018 on
health plans have annual premiums greater than
$10,200 for individuals or $27,500 for a family.

4. • The PPACA requires all healthcare
organizations to review the wellness
plans of all full time employees.
• Choosing a wellness plan that is highly
deductible can be a major tax saver.
2.Focusing on wellness programs can help
you save on taxes!

5. • It is essential that CFO’s implement systems and
upgrades to report and measure clinical variations.
• Maintaining, longitudinal health records that are detailed
and contain data across the care continuum, is
important.
3.Systems to record the quality of
care

6. • Review your revenue cycle and
coordinate with coders.
• Ensure more accurate and updated
clinical documentation.
4.Will your clinical documentation cut
it?

7. • Reducing the number of full time
employees can help you cut back
on costs.
• But this is a move that has to be
taken after weighing in the pros
and cons.
5.Outsourcing can be a huge cost
saver!

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Still confused?
Check our CFOs Corner Page
by visiting www.medicalbillingstar.com
Mail us to info@medicalbillingstar.com
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