Health Care

Department of Labor’s Final Rule on Overtime Signals Big Changes for Companies

Yeo & Yeo CPAs & Business Consultants

The U.S. Department of Labor (DOL) has issued the “Final Rule” version of its amendments to overtime pay requirements, affecting more than four million workers who may qualify for overtime pay. The new rules will take effect December 1, 2016.  The new rules include changes to the criteria used to define overtime exemptio... Learn More

Facing a HIPAA Audit: What to Know

Yeo & Yeo CPAs & Business Consultants

Early in the history of the Health Insurance Portability and Accountability Act (HIPAA), violations typically involved receiving a warning letter from the Department of Health and Human Services (HHS). It was basically toothless and carried no penalties. In 2009, Congress passed the Health Information Technology for Economic and Clinic... Learn More

ACA Boosts Popularity of Health Savings Accounts

Yeo & Yeo CPAs & Business Consultants

 The Affordable Care Act (ACA) seems to be making Health Savings Accounts (HSAs) more popular than ever. A recent report issued by Devenir, an HSA industry participant, highlights two key findings: 1. As of June 30, 2015, the number of HSAs climbed 23% from the previous year to 14.5 million, and 2. Account balances jumped 25%... Read More

Affiliated Medical Billing Hosts ICD-10 Training for Health Care Professionals

Yeo & Yeo CPAs & Business Consultants

Affiliated Medical Billing, an affiliate of Yeo & Yeo CPAs & Business Consultants, will host ICD-10-CM training sessions at locations throughout Michigan beginning in July 2015. The impact of moving to the ICD-10 code set is substantial. Not only does the new code set include five times as many codes as the ICD-9 code set, but ...