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Corporate Insights: Disclosing PHI Upon the Sale of a Medical Practice

JD Supra: Mergers

The Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act (collectively, “HIPAA”) states that, absent patient authorization, a patient’s Protected Health Information (“PHI”) may not be disclosed to another Covered Entity (as defined by HIPAA) without a direct (..)

Medical 175
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Out Of Pocket Expense

Wall Street Mojo

Such expenses are often associated with medical insurance, which does not come under reimbursable once. In contrast, for medical insurance, there are certain payments like prescription fees, which the customer initially has to pay out of their pocket. read more , it gets easily reimbursed.

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Tax Benefit

Wall Street Mojo

A business must pay taxes to the government on the income generated in the fiscal year Fiscal Year Fiscal Year (FY) is referred to as a period lasting for twelve months and is used for budgeting, account keeping and all the other financial reporting for industries. Rebates are offered after the sale. read more to $650,000.

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What is an EPOS System: Types, Components and How Does it Work?

Razorpay

An Electronic Point of Sale (EPOS) system offers a modern handling of sales, inventory, and payments. What is EPOS (Electronic Point of Sale) System? Touchscreen Terminals: Provide a user-friendly interface for seamless sales processing and customer service. Read More About: What is POS System and How Does it Work?

IT 52
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The Future of Mergers and Acquisitions: Harnessing the Power of AI and 13 Concepts We Can Learn From How2Exit's Interview W/ Kurt Stein

How2Exit

Ron rn rn rn Reconciled provides industry-leading virtual bookkeeping and accounting services for busy business owners and entrepreneurs across the US. Stein highlights the role of AI in gathering and analyzing information from various sources, such as financial statements, bank accounts, and public records. ChatGPT is a standard.

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What Does a Business Broker Do?

Lake Country Advisors

Their primary role is to manage the complexities of the sale, including identifying potential buyers, valuing the business, and negotiating terms. A business broker provides the specialized skills necessary to ensure a successful sale. If word gets out prematurely that your business is for sale, it can cause significant disruption.

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What is the Difference Between Invoice and Bill?

Razorpay

Knowing the difference between an invoice and a bill helps business owners and financial professionals streamline their accounting processes and avoid confusion. Proforma Invoice: A preliminary bill of sale sent to buyers before the delivery of goods or services. Invoices serve multiple important purposes in business operations: 1.