December is a great time of year – not only because it’s the holiday season for most but because it’s a good time to evaluate and assess your medical practice. So what went right this year and how can you capitalize on those strengths moving in to next year? What went wrong and what needs to be done to fix your practice problems?

Your office manager and billing staff periodically audit claims to assess whether your doctors code accurately. But how do you know that they know what they’re doing?  Spending several thousand dollars to bring in and outside consultant can be an expensive way to confirm that your practice is doing a good job coding.

As we approach year-end, it’s again time to focus on last-minute moves you can make to save taxes—both on your 2011 return and in future years. To get you started, I’ve included a few money-saving ideas here that you may want to put in action before the end of the year.

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