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Following up on our story on tax tips for physician practices, Gregory P. Bergethon -- a CPA as well as an attorney with the Sands Anderson firm in Richmond, Va. -- has some extra advice for Part B News readers on how to leverage bonus depreciation for their business tax deductions:
Your providers will find it easier to hit the required time for a prolonged inpatient or observation visit and you’ll find it easier to keep track of threshold times, thanks to a correction to the final 2023 Medicare physician fee schedule.
An expert tells us: “If the doctor has their own practice (not a W-2 job), then they can deduct business automobile expenses just like any other business owner."
 
You can assign two data points when a provider orders and interprets a test, and count documents from an appropriate source toward data review, according to a technical correction to the 2023 CPT manual. A second update from the AMA contains a brief preview of revisions that wil hit next year.
 
 
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