Month: March 2019

Is your Doctor ripping you off?!

We find these headlines disappointing when it comes to paying to see your doctor or any adviser. GP rebate: What I do for the $37.05 that no one wants to pay People in Saba jackets complain to me about “crap bulk-billing doctors”. It’s like whingeing that McDonald’s gave you reflux. If you haven’t already, read

Continue reading

Are your medical records exposed without your consent?

90% of Australians have agreed to have their private health records online! Despite the controversial headlines such as My Health Record: clinics receiving up to $50,000 a year in incentives and  My health record  opt out doubles to 2.5 million people  My Health Record has met a key default milestone. Yes, 90% of Australians have

Continue reading

Nudge economics – ‘A Nobel prize winner reveals psychology of saving money.’

A professor’s research reveals nudge economics is far more effective than setting rules when it comes to changing people’s financial behaviour. From an article on the ‘My Business’ website: ‘Professor Richard Thaler’s studies are centred on ‘nudge economics’, wherein simple fixes or hacks, rather than rules or laws, are employed to nudge people in the

Continue reading

More Audits and Unsustainable Compliance!

We predict more Government audits for 2019 and beyond! We expect an increase in ATO audits over the next 12 months after seeing a spike in taxpayers details being linked (data matched) to the Tax Office’s databases. Furthermore there will be new 1st July 2019  harsh laws that stop legitimate payroll tax deductions if you

Continue reading

Do you love your wife? Do you love your job?

What makes a great leader and manager? This video by Simon Sinek best explains the key qualities in leadership and management needed to build staff trust. Without these qualities, you cannot lead an organisation to scaleable success. By contrast, a low staff morale breeds poor engagement, higher turnover, system failures and lower patient or customer

Continue reading

New Tax sting: Is your practice running like a brothel?

A Brothel has to pay GST, withholding tax in cash economy case. A high-end brothel will have to pay more than $6 million after an unsuccessful bid to avoid tax and GST obligations relating to its sex workers. Purely from an accounting and taxation viewpoint we examine the key issues. Those who would like to

Continue reading

New Fair Work Law – Permanent Casuals can double dip on their pay!

You may have read in the media about a 2019 case where a regular casual claimed  annual leave entitlements even though the employer had thought their higher hourly wage was in lieu of these and so was not liable. That cost would come from casuals “double-dipping” by claiming leave entitlements in line with a permanent

Continue reading

Medicare cops reveal they unfairly prosecute healthcare providers

Medicare ‘cops’ reveal they have no consistent procedures or policies when prosecuting healthcare providers! The Government has just admitted they do not provide authoritative guidelines . We are concerned our Medicare Item Complexity has revealed Medicare audit anxiety may be harming patient care see Are uncertain Medicare rules hurting your provision of care? It is

Continue reading

Are uncertain Medicare rules hurting your provision of care?

Medicare Audit Anxiety is on the increase! According to a two-year survey, over 83% of doctors/providers believe that the care they provide to patients is affected by the uncertainty surrounding Medicare rules. The Government has admitted for the first time there is a serious problem and it is harming patient care; see Health officials promise

Continue reading

2019 New Medicare Laws expose practices to fraudulent billing

Practices may now be liable for their provider’s billings. From 1st July 2019, medical and healthcare practice owners must be careful when incentivising their doctors or allied health professionals using the percentage of their gross fees method, or any other similar method. A possible risk is if a provider ‘dobs in’ a practice to escape

Continue reading

Use the ‘Best of Breed’ processes and technology is the key to survival

Solve staff stress and burnout What follows is a 4-step process to address staff stress and burnout. The key is clarity and transparency,  and having the right processes and technology in place, so your systems provide full visibility of your entire staff work load, even down to the individual team member. The 4 key four

Continue reading

Outsourcing the hard stuff!

Outsourcing is a better solution – 10 great reasons why. Increasingly it is getting harder to find and retain talented and experienced people. At the same time, technology is evolving so fast it is making many hard-earned skills redundant overnight. This may not concern you much, until it gives your competitors a competitive edge –

Continue reading

Restructure now: Labor will limit your tax deductible accounting and taxation fees to $3000 p.a.

Should voting for a change in government mean you allow a new Government to reduce your ability to pay unnecessary tax by limiting your tax deductions to $3,000 p.a? And, by the way, possibly also increasing your risk of paying more unnecessary tax or losing a tax audit for not getting the right advice? Is

Continue reading

Exit Planning – Five things to think about

The last thing you want to find, at the exit of your practice journey, is that you don’t have the right structures in place to successfully say goodbye to your practice. That’s why you need to ensure you have everything in place, well before the final farewell. A succession plan for your practice, formulated well

Continue reading

The People v Australian Government

Support a landmark legal fight for a Better, Fairer, Simpler and Safer healthcare system for all Australians “This is dedicated to all those patients and carers whose lives have been affected with or who have had difficulty in navigating our complex healthcare system” – David Dahm A Patient Advocate “We thank the high profiled human

Continue reading

Why traditional or start-up healthcare accountants are finding it difficult to help you.

Are you being acknowledged by your patients and peers? At the end of the day, your practice is your most valuable investment. It puts food on the table, a roof over your head and pays for your retirement. Ensuring that it stays in the safest possible hands is critical from the outset. Can we help

Continue reading