September 2011

Somerset Health Care Roundtable Webinar- September, 28, 2011

On Wednesday, September 28, 2011, Cathy Weaver, Kathy Rokita and Kara Wieckowski will present on the topic of Operational Excellence. We hope you and your associates will participate in the webinar. If you missed it and would like the recording, please send a message to This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .

The American Jobs Act and Deficit Reduction Plan Proposed by President Obama

Somerset has been monitoring the President's proposals closely and keeping you informed of how these potential provisions move forward in the legislative process. In this Tax Strategies post, we are sharing the White House press release of September 19, 2011. Read more...

Indiana - Unreimbursed Education Expenses Deduction

If your children attend private school (K-12), you may have already received notice of the recently released Indiana Information Tax Bulletin #107 regarding the new $1,000 Indiana deduction. Recently enacted Indiana legislation establishes a personal income tax deduction for a parent who sends a child to a private school or home-schools the child. Read more...

Keeping Good Records to Reduce Tax-Time Stress

You may not be thinking about your tax return right now, but this is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions, help you prepare a response if you receive an IRS notice or substantiate items on your return if you are selected for an audit. Read more...

Beating the Challenges of a Natural Disaster

Floods in the Midwest and fires throughout the Southwest have been prominent in the news this past year. Communities have been devastated and individuals and businesses have suffered extensive financial losses. Medical practices in the affected areas have suffered too. Every medical facility and practice should assume that a natural disaster will affect them at some point in the future and plan accordingly. Read more...

Craig Hittle Re-Joins the Somerset Health Care Team

We are pleased to welcome Craig Hittle back to the Somerset Health Care Team. Craig was previously with us from 2002 to 2005 and returns as a senior manager. He will focus primarily on financial studies, fair market valuations, joint venture and acquisition transactions, practice management, strategic planning and consulting arrangements for physician groups, hospitals and ancillary service centers. Connect with Craig on LinkedIn...

Somerset Health Care Team News

Presentations/Conferences. Mike McCaslin will be presenting "Physician Compensation; Clinical and Financial Integration - Financial Considerations" for the American Society of Orthopaedic Surgeons at their conference being held from September 22 through 24, 2011 in Chicago, Illinois.

Mike will also present "Strategic Planning" for the Tennessee Orthopaedic Society Annual Meeting on September 30, 2011 in Birmingham, Alabama.

Cathy Weaver and Kara Wieckowski will be presenting and exhibiting at the IFASC Fall Conference and Tradeshow on September 30, 2011 at the Monon Community Center in Carmel, Indiana. Their session topic is "Implementing Lean Six Sigma "Tools" Practical Hands-On Scenarios."

Steve Diagostino will be a presenter at the session titled "Are you getting paid for all the work you do?" at the MedAxiom Fall Conference 2011, which is being held in Dana Point, California from October 12 to 14, 2011.