Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
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Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
Add Chronic Care Management (CCM) and Principal Care Management (PCM) To Your Practice
The Private Medical Practice Academy
12 minutes
3 years ago
Add Chronic Care Management (CCM) and Principal Care Management (PCM) To Your Practice
In 2015, the Centers for Medicare & Medicaid Services (CMS) introduced Chronic Care Management (known as CCM) with the intent of improving the care of patients with chronic conditions. CCM offers physicians an opportunity to be compensated for the work that they were doing between office visits including but of course, not limited to calls, education, coordination, and pre-authorizations. In 2020, CMS rolled out Principal Care Management (PCM). What is Chronic Care Management?C...
The Private Medical Practice Academy
Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
