Service: Physician Business Solutions

LBMC Physician Business Solutions, LLC is a physician practice management company (PPMC) offering business consulting, practice management, administrative support, revenue cycle services, IT support, and implementation of an electronic medical record (EMR) solution. Learn more about our services.

McDonald

Andrew McDonald

Contractual allowance vs. bad debt for healthcare providers

Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.