January 2012 

Executing on Your Strategic Plan

Start your new year off with a successful strategic plan! Join us on Thursday, February 2 for a complimentary webinar, "Executing on Your Strategic Plan." Our panelists--Mike McCaslin, Jeff Boomershine and Kathy Rokita--will discuss what makes a successful plan, how you can make your plan actionable and how to drive accountability to the plan. Details and registration...

New Health Care Development Project - Wilmington, Delaware

We are pleased to announce that we will be working on the Synergy Medical Associates project in Wilmington, Delaware. Initial tenant interest can support a building of 75,000 square feet, and interest is growing. Somerset is providing entity formation, capital and financing sourcing and construction oversight and liaison services. Read more...

DME Suppliers & Medicare Competitive Bidding Financial Requirements

If you are a DME supplier preparing to submit a bid for products covered under the competitive bid program, CMS is strongly urging companies to submit accountant-prepared (compiled) financial statements that meet the requirements set for by the qualifying bid guidelines. In Round 1 of the bidding process, many suppliers were disqualified for submitting non-compliant financials. Read more...

Adding a New Physician to Your Practice

Adding a new physician can bring value to your practice--if the recruitment process is well thought out and conducted carefully. If you fail to do your homework prior to interviewing candidates, the chances of finding a successful fit are reduced considerably. If your practice has plans to expand and add another physician, here are some issues you should consider. Read more...

Indiana Sales and Use Tax on Medical, Dental and Optical Supplies and Drugs

A ruling clarifies that sales of medical devices to physicians and hospitals for resale to patients are subject to Indiana sales and use tax, unless the physician or hospital issues the seller a resale certificate. A resale is not exempt even if the sale is only allowed by prescription. Read more...  
 

Somerset Health Care Team News

American Academy of Orthopaedic Surgeons 2012 Annual Meeting - Mike McCaslin will be presenting "Planning for Life After Orthopaedics" and "Practice Management Symposium for Practicing Orthopaedic Surgeons - Statements and Ratios" at the AAOS 2012 Annual Meeting in San Francisco, CA on February 7, 2012. Details and registration...

2012 Farm Tax Strategies Seminars - At the end of 2012, significant tax benefits are set to expire. There are unprecedented income, estate and inheritance tax planning opportunities that every land owner should understand. Please join us for one of our free Farm Tax Strategies Seminars–dinner will be served. Details and registration...

Welcome Jason Mangus - Jason Mangus recently joined Somerset as a financial analyst in our Health Care Team. Visit our Somerset News blog to learn more about Jason...

Guard Against Fraud: How to Protect Your Organization - Ken Stalcup, CPA, CFE, CFF of Somerset's Litigation, Valuation & Forensic Team was recently interviewed and quoted in this article, "Guard Against Fraud: How to Protect Your Organization," for American Express Open Forum. Read article…

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