Archive for December, 2011

[2011] …YearInReview by WordPress.com

December 31, 2011

The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.

Here’s an excerpt:

A San Francisco cable car holds 60 people. This blog was viewed about 1,900 times in 2011. If it were a cable car, it would take about 32 trips to carry that many people.

Click here to see the complete report.

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[2011] …YearInReview

December 30, 2011

I subscribe to Seth Godin’s blog and in this post he states:  “This might be a useful exercise. Doesn’t matter whether it was a hit or not, it just matters that you shipped it.”

Here’s a basic list from the 2011 year with some of the highlights in my business life:

  • business brochure and postcard were finalized
  • added three small windows to the home office to add more lighting
  • we lost 2 team members and gained 2 team members
  • were offered and accepted several speaking engagements with Armstrong & Purselley Wealth Management Group, to provide information to help others understand their medical benefits and how to maximize them
  • continued attending Networking events and met even more really great business people to refer to and coordinate business with
  • resigned as a Volunteer Board Member with Cowtown Netweavers the end of August 2011
  • expanded our services into the Massage Therapy, Chiropractic and Behavioral Health specialty markets
  • learned Quickbooks in the Mac version (yes, there are pro’s and con’s to it too)
  • obtained 13 additional Clients, providing Accounting Services to some and Medical Billing and Consulting Services to others
  • lost our biggest client and the client we have had the longest, due to the sale of their Medical Pediatric Practice to a large Medical Group
  • experienced loosing a proposal to a potential customer for the first time
  • business revenue up 30% from last year (though last year was down from the year before)
  • marketing expenses kept at the same as 2010
  • gave Dave Ramsey’s new book EntreLeadership released this fall to every client to inspire them in their business
  • provided each client with a pen engraved with their name on it to distribute with the book

Seth’s suggestion:
“You’ll probably be surprised at how much you accomplished last year. Go ahead and share with your friends, colleagues or the web… don’t be shy.”  So I challenge you to do the same!

If that is not for you…try this:
The Simple Dollar, another blog that I follow, suggests:
Think of the five best things that happened in 2011. What were the best things that happened in your life this year? What new relationships did you build? What ones did you reaffirm? What goals did you achieve? What changes occurred in your life that put you in a better place?

If you don’t like that suggestion, I have one more from Chris Guillebeau who writes the blog The Art of Non-Conformity.   He asks: What went well in 2011?  What didn’t go well in 2011?  Maybe that would be an easy approach for you?  You can read the article here.  He also asks: What is your word or theme for the new year?  Very thought provoking article here.

I would love to hear your thoughts…please share with me as I have done with you!

Aspirations for 2012

December 30, 2011

Aspiration ~

  1. a hope or ambition of achieving something
  2. the object of such an ambition; a goal

As we bring 2011 to a close, I want to spend some time thinking about what we accomplished that was in line with Our Vision, Our Mission, and the Service we provide to Our Clients.  I want to continue to seek God and let His ways be what guide my path, so that I trust and follow His plan, not mine.  As the owner of Medical Account Solutions, I want to learn, I want to improve, I want to be better than I am today.  It is my goal for me and my team to serve you.  This includes our friends, our networking connections, our clients and their employees in a manner that is helpful, full of teaching, encouraging, and pleasant.

As you reflect on 2011 and what your goals are for 2012, if there is anything we can do differently, better or more of so that you are successful, we want each of you to have a successful year in 2012!  May you be blessed as we have been blessed!

Quotes

December 29, 2011
“The secret of business, especially these days, is to focus relentlessly on your unfair advantage – the thing you do that others don’t.”
– John Rollwagen, executive

Medicare Participating Revenue Calculations

December 26, 2011

Physicians & Medical Healthcare Providers  are increasingly having to make decisions as to whether to stay participating in the Medicare program due to continual decreased revenue and the impact of this on the bottom line of their practice with continued increase in operating costs.  The American Medical Association has put out a calculator that will help you estimate how much your total revenues from Medicare patients would change if you switch your status from Medicare participation (PAR) to non-participation (non-PAR). In general, revenues for non-PAR physicians’ assigned claims would decrease by 5 percent from PAR rates, and revenues for unassigned claims would increase by 9.25 percent from PAR rates. Use this tool to approximate how making the change might affect you.  Depending on what you choose to do, you may need to change your status with Medicare.  Additional information is here.

Medicare cuts still Pending

December 23, 2011

The U.S. House of Representatives on Tuesday rejected a Senate bill that would have averted a 27.4 percent Medicare physician payment cut scheduled for Jan. 1, leaving 2012 Medicare payment rates in limbo. A House-Senate conference committee will now be charged with working out differences between the two versions of the bill.

The Centers for Medicare & Medicaid Services announced that it would hold claims for 2012 physician services for 10 business days—until Jan. 17—to avoid processing payments at the lower rate. After that date, claims will be processed on a first-in, first-paid basis at the reduced rates until the situation is resolved.

You can read the full article here.

Quotes

December 22, 2011

“Keep your fears to yourself, but share your inspiration with others.”

– Robert Louis Stevenson

Poem by Walter D Wintle

December 19, 2011

If you think you are beaten, you are;
If you think you dare not, you don’t!
If you’d like to win, but think you can’t,
It’s almost a cinch that you won’t.

If you think you’ll lose, you’re lost
For out in the world we find
Success begins with a fellow’s will;
It’s all in the state of mind!

If you think you’re outclassed, you are;
You’ve got to think high to rise.
You’ve got to be sure of yourself
Before you can win the prize.

Life’s battles don’t always go
To the strongest or fastest man;
But sooner or later the man who wins
Is the man who thinks he can!

How To Keep Up with Your Accounting Records

December 19, 2011

None of us like paperwork and because of that, receipts get stashed in all kinds of places.  Your pockets, the car, your purse, your briefcase, your day planner, and some even get tossed away.  If you put processes in place, you can avoid many of the headaches at tax time by keeping track of your receipts and other required documents regularly and systematically.  This requires you to be organized and to have a filing system in place that works for you.  If you do this throughout the year, you will save yourself an enormous amount of time.  It is pertinent to have good record-keeping.  Keeping track of various transactions you made during the year will benefit you in more ways than one!

Records help you document the deductions you’ve claimed on your return. You’ll need this documentation should the IRS select your return for examination. Normally, tax records should be kept for three – seven years (see article by IRS here, but some documents – such as records relating to a home purchase or sale, stock transactions, IRA, and business or rental property need to be kept longer.  In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, however, you should keep any and all documents that may have an impact on your federal tax return:

  • Bills
  • Credit card and other receipts
  • Invoices
  • Mileage logs
  • Canceled, imaged, or substitute checks or any other proof of payment
  • Any other records to support deductions or credits you claim on your return

It is never to late to stop and put processes in place, so that you have efficient and effective good record-keeping throughout the year.  This saves you time and effort at tax time when organizing and completing your return and you won’t be stressed out because you have everything you need right when you need it!

Quotes

December 15, 2011

Don’t aim for success if you want it; just do what you love and believe in, and it will come naturally.

– David Frost

Quotes

December 8, 2011

“God wants us to become obsessively preoccupied with the needs of others. When we do that through the mechanism of business, we are doing work that matters.” – Rabbi Daniel Lapin (book Thou Shall Prosper)

Quotes

December 1, 2011
“If the power to do hard work is not a skill, it’s the best possible substitute for it.”
– James Garfield, 20th U.S. President