Telehealth, Medical Professionals and Accounting: What You Need to Know

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Telehealth, Medical Professionals and Accounting: What
You Need to Know

Covid-19 has affected almost all walks of life. It has brought turmoil to the overall economy. But in these challenging times, the medical and healthline professionals have been the frontline soldiers. They are the ones who have taken the impact upfront. Many industries have started working virtually, including healthcare professionals, keeping the social distancing in consideration wherever possible. Technology has supported the collapsing economies during covid. Healthcare professionals can also benefit from technology in order to work virtually. They can offer their services online. Before going online, these professionals must take the following points under consideration.

Patient concerns while seeking medical help virtually:

We do not know of many incidents to date where the healthcare data was hacked. Still, there is burdening anxiety and rising security concerns in patients concerning where they put their data online. HIPAA has many healthcare regulations related to telehealth that have been taken off during the Covid situation. Both the patients and the medical professionals should only use the telehealth channels’ secure systems during the process.

There are online portals exclusively designed to store patients’ data. Only such systems should be used to save a patient’s information. Video conferencing should only be done through software that offers end- to-encryption. The patients who still shy away from providing information online should be asked to visit for a face-to-face medical investigation when possible.

Not everyone is equally comfortable with and adept at using technology. Few people also have ineffective or insufficiently effective hardware to support videoconferencing. Such patients may theoretically agree that they are satisfied with getting telehealth services, but practically it is difficult for them to do so. A detailed video can guide such patients to understand the complete procedure. Patience is imperative with such patients as they find their way through the difficulties they encounter.

Possible medical services offered online:

Providing virtual healthcare services may have a limited scope because of its very nature. It is limited to general consultation or refills only. The regular patients may also avail telehealthcare facilities to discuss their current conditions and for refills. If a patient has a medical emergency or seeks medical help of sensitive nature, the professionals should guide him to seek in-person help from a practitioner. Most
states allow healthcare professionals to provide medical help of urgent nature to the patients, and it is still difficult for the professionals for obvious reasons.

Health and Malpractice Insurance concerns:

Most of the insurance policies do not cover virtual healthcare consultancy. It is a major factor taken under consideration by the patients that either their insurance policy covers the telehealthcare visits or not. Their decision to opt or not to opt for a telehealth facility depends upon the answer. Keeping the books is also quite challenging for health professionals. Waiting for the customers or the insurance companies to clear the bills and keeping track of the new billing codes complicate the procedure. The good thing is you can easily outsource bookkeeping to savvy tax consultants.

All the malpractice insurances do not cover Telehealthcare. This is why doctors have to be cautious about it. The malpractice insurance providers should be called and inquired about the coverage of telehealth facilities. In case of a negative response, they should be asked to upgrade their policy to include virtual healthcare.

The modern bookkeeping solutions:

Your clinic might be a small business in the industry, but for us, at AKIF CPA, we understand how BIG an impact small businesses could create. We strive to provide you with the best and most effective bookkeeping solutions. Our expertise lies in outsourcing accounting services, particularly for optometrists and other similar professions. Feel free if you need to put the accounting load off your shoulders. We shall be glad to guide you with ease to the best of our professional billing and bookkeeping services.

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Ammoria Daniels
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We contacted Akif with an urgent matter regarding corporate taxes. Akif immediately understood what was needed and... within days had everything ready to sign. The level of service we received was amazing and unmatched. Waqar expertise in trucking industry made our situation seamless. His communication was outstanding; I heard from him daily and could have been completed sooner if I was as fast as he was 😃 Highly recommended!read more
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What an absolute pleasure to work with this CPA firm. My business is already seeing such a positive impact and growth.... I cannot believe I didn't connect with them sooner. This firm is helping in so many ways! 5 stars is an understatement! Thank you so much for your help AKIF CPAread more
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Saim and his team are the best CPAs in town. I have been their client for years. All started when I needed help with... company structure with multiple companies and then accounting and Taxes. I have been very happy ever since. Thank you AKIF more
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Me and my husband have been getting all of our personal Taxes, business Taxes, monthly bookkeeping, accounting and... payroll done with AKIF CPA. Recently, we had more stuff come up and had detailed analysis done on capital gains, single family rentals (SFR) and business disposition. You will only know how great this CPA company is until you have worked with them and given them a chance. Words can’t describe our experience. AKIF CPA gets the job done every time - very reliable, professional and more
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I moved to the USA from Canada late 2018 as part of a promotion/relocation for work. For my 2019 returns, I used an... accounting firm recommended by the local Canadian social club in my city, which was a terrible experience. They were slow to respond to inquiries and would follow up in piecemeal requests which dragged out my return process over several months, often asking for information I had already provided.For the price I paid, I vowed to find better service. I found Mohammad online and decided to reach out. Mohammad was extremely responsive, took care of my US and Canadian returns as well as my wife's business returns in a timely manner. Overall, it was a very positive experience and I would recommend him to another in my more
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01:59 20 Apr 21
I relocated to Texas from Alberta, Canada and needed a CPA to help me with my cross-border taxes as I was not happy... with the CPA that I used previously. During my interviewing process to find another CPA, I had good feedback from Mohammad as he was able to answer my questions regarding my unique tax situation with expertise, and importantly to me, in a timely manner. I decided to use his services for the current tax year and I have nothing but compliments for the work Mohammad provided. If you are in need of a professional cross-border CPA, I highly recommend reaching out to Mohammad more
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