PatientHub ROI Calculator: Measure the Real ROI of Patient Engagement
PatientHub ROI Calculator: Measure the Real ROI of Patient Engagement Most clinics know they lose revenue from no-shows, poor follow-up, and inconsistent patient communication, but few know how much these gaps cost every month. The PatientHub ROI Calculator gives your practice a clear, data-driven estimate of the financial return on patient engagement using your own metrics. Why Measuring Patient Engagement ROI Matters Improving patient engagement directly impacts revenue, retention, and visit consistency; but most clinics struggle to quantify that impact. Measuring patient engagement ROI helps practices understand how much revenue can be recovered through better reactivations, fewer no-shows, and improved workflows. Clinics using PatientHub typically see measurable improvements in patient engagement ROI through Fewer no-shows and schedule gaps Faster and more reliable patient reactivation Higher review generation and online visibility 24/7 availability through an AI chatbot and virtual receptionist Consistent communication without adding staff When you combine these capabilities, you get something every clinic needs: predictable retention and predictable revenue. How the PatientHub ROI Calculator Works The PatientHub ROI Calculator shows how much revenue your practice can recover by improving reactivation rates and reducing patient churn. It translates patient engagement data into a clear, financial ROI estimate; without complicated formulas. For example, a practice with: 100 weekly visits A 25 percent patient churn rate A lifetime patient value of $1,200 …could generate: $4,800 in expected revenue with a typical 2 percent reactivation rate $24,000 to $48,000 in expected one-time revenue when using PatientHub’s proven 10 to 20 percent reactivation range This is only one part of the full picture. The calculator focuses on reactivations, but PatientHub also reduces no-shows by up to 38 percent, answers every call 24/7, and drives consistent patient reviews that boost online search visibility. In short: clinics recover revenue, retain more patients, and stay ahead of operational challenges without adding extra administrative burden. PatientHub Helps You Do More With Less Effort PatientHub automates the parts of patient management that consume the most time for front desk teams. When reminders, follow-ups, reactivation workflows, and review requests all run automatically, your staff can focus on serving active patients while the system brings lapsed ones back in. Benefits include: More consistent patient adherence Higher patient satisfaction Better schedule control Less burnout for your staff More revenue without increasing marketing spend The best part is that everything runs inside your ClinicMind ecosystem – or uses it on its own. Get Your Custom ROI Estimate If you have ever wondered how much revenue your practice could recover with stronger patient engagement, now you can see the numbers instantly. Use the new PatientHub ROI Calculator to enter your metrics and get a personalized estimate in seconds. Try it now and see how PatientHub helps your clinic generate more revenue with less effort. Calculate Your Potential ROI With PatientHub See how much revenue your practice is leaving on the table – and how PatientHub can help you capture it. Clinic Inputs Years in Practice Avg Weekly Visits Visits / Patient (weekly) Churn Rate LTV / Patient Your Current Reactivation System Reactivation Rate (Current) 2% Expected Reactivations — Expected Revenue $0 With PatientHub Reactivation Rate 20.00% Expected Reactivations — Expected Revenue $0 Want to See Your ROI Actually Happen? The ROI Calculator shows what’s possible.PatientHub shows you how to make it real.When you book a demo, we’ll walk through: How PatientHub activates reactivation workflows automatically How no-shows drop and schedules stay full without extra staff How AI-powered communication works 24/7 for your practice Exactly how clinics like yours turn projections into real revenue If the numbers caught your attention, the demo shows you how to capture them.Book Your PatientHub Demo See how predictable engagement turns into predictable revenue. Book a Consultation
Smarter Insights, Faster Decisions: The New and Improved ClinicMind Dashboards
Smarter Insights, Faster Decisions: The New and Improved ClinicMind Dashboards ClinicMind’s practice management dashboards transform raw data into actionable insights. With enhanced visualization, financial transparency, and patient visit analysis, the new update helps clinics make faster, data-driven decisions across scheduling, billing, and patient engagement. Intuitive, Insight Driven Design The Practice Overview Dashboard now features timeline charts and directional change indicators, giving users a quick sense of how their key performance indicators (KPIs) are trending month-over-month. Whether it’s patient appointments, collections, or clinician productivity, users can instantly see growth rates, dips, or areas needing attention all without leaving the main view. Appointment & Scheduling Visualization Made Clear We’ve replaced the older appointment status line chart with a stacked bar format for better readability and quicker pattern recognition. Each bar now shows the composition of billed visits, unbilled visits, and no-shows, helping users identify gaps between patient engagement and revenue capture. The update also adds highest and lowest day callouts so practices can quickly spot operational peaks and valleys, enabling better staffing and scheduling decisions. Deeper Patient Visit & Retention Analysis Instead of showing only the first five visits per patient, the new Patient Visit Analysis breaks patients into visit-count “buckets,” making it easier to see how engagement evolves over time. Complementing this is a tree-map visualization of appointment types providing an at a glance breakdown of which services (like Individual Therapy, Adjustments, or Decompression) drive the most volume. These updates turn what used to be raw data into a clear story of patient retention, engagement, and care frequency. Financial Transparency With Payer & Patient Insights The updated financial dashboards separate Insurance vs. Patient Payments more clearly, with both pie and bar charts showing collection distribution and trends over time. We’ve also introduced a primary-payer vs. payment source breakdown making it easy to see which payers contribute the most to your revenue stream and where patient-side balances are growing. The result: a unified financial view that helps clinics track performance, identify payer bottlenecks, and plan revenue recovery strategies with precision. Faster Data Loading & Smart Filtering Options Behind the scenes, we’ve optimized how data loads cutting down wait times even when displaying large, multi-practice datasets. Each dashboard retains its dynamic filters (Practice, Date Range, and Time Interval), but now processes queries more efficiently for a smoother experience. This improvement means faster transitions between metrics, quicker report exports, and overall better usability for daily operational reviews. Turning Data Into Stories That Drive Action Every chart, KPI, and trend line in the new update has one goal: to help your team understand your practice’s performance at a glance. From patient flow and clinician productivity to billing efficiency and payment mix the redesigned dashboards make it easy to move from insight to action in seconds. The Takeaway This update isn’t just a visual refresh it’s a performance upgrade. By combining clarity, speed, and context, ClinicMind’s enhanced dashboards empower practice owners, administrators, and clinicians to make confident, data-driven decisions every day. Your data just got easier to read and far more powerful. Frequently Asked Questions What are practice management dashboards? Dashboards centralize clinical, financial, and scheduling data, helping practices make data-driven decisions. How can dashboards improve patient scheduling? By visualizing billed vs. unbilled visits and no-shows, practices can optimize staffing and reduce missed appointments. How do dashboards support revenue cycle management? They separate payer vs. patient payments, highlight bottlenecks, and track financial trends. Go to reports – Dashboards and check out the Failed Claim Analysis Dashboard. Are ClinicMind dashboards customizable? Yes, with dynamic filters for practice, date range, and time intervals. Book a free consultation
What the 2025 Federal Claims Hold Means for Your Practice
What the 2025 Federal Claims Hold Means for Your Practice As of October 1, 2025, many healthcare practices across the U.S. have begun noticing delays in Medicare payments, particularly for claims dated on or after October 1. According to the Centers for Medicare & Medicaid Services (CMS), these claims are being temporarily held while Congress debates the renewal of key Medicare payment provisions under the Full-Year Continuing Appropriations and Extensions Act, 2025. In short:Claims are still being processed and approved for payment.But actual disbursement is on temporary hold until further legislative action. This hold affects: Medicare Physician Fee Schedule (PFS) claims Ground ambulance transport claims Federally Qualified Health Center (FQHC) claims Providers can continue submitting claims as usual, but payments won’t be released until CMS lifts the hold. Why It’s Happening Medicare payment delays 2025 This pause is tied to pending Congressional action. Certain Medicare payment provisions expired on September 30, 2025, and Congress has not yet renewed or extended them. Until that happens, CMS is required by law to hold claims related to those services. How the Claims Hold Affects Telehealth Coverage Several pandemic-era flexibilities for Medicare telehealth coverage have expired. Non-behavioral telehealth visits may not be reimbursable unless renewed by Congress. Practices that expanded telehealth should reassess coverage eligibility and use ABN forms to protect revenue. This means: Telehealth services provided outside rural areas or to patients at home are no longer reimbursable under standard Medicare rules. Hospice recertifications now require an in-person face-to-face encounter. If your practice continues to offer telehealth services that may not be covered, consider using an Advance Beneficiary Notice of Noncoverage (ABN) to inform patients ahead of time. CMS Resources: ABN Forms & Instructions Medicare Telehealth Coverage What Practices Should Do Now How to prepare for a claims hold: 1. Continue submitting claims: Don’t hold back submissions; claims will queue up and process faster once the freeze lifts.2. Communicate with your billing team: Ensure they’re aware of the temporary hold to prevent unnecessary resubmissions or denials.3. Notify affected patients: Especially those relying on telehealth or covered Medicare services.4. Monitor CMS updates: The hold could lift as soon as Congress acts; stay tuned to CMS MLN Connects. The ClinicMind Perspective At ClinicMind, we’re closely monitoring this situation through our Claims360 Full Billing Service and partner network.If your practice uses ClinicMind’s EHR + RCM suite, you can: Track all pending Medicare claims automatically within the billing dashboard. Filter and review affected claims by Date of Service (DOS ≥ 10/01/2025). Get real-time claim status updates once CMS releases payments. Our support team is proactively flagging these cases so your revenue cycle remains transparent and under control. What are the Medicare federal claims hold 2025? A temporary pause on Medicare payments starting October 2025 until Congress renews provisions. Which claims are affected? Physician Fee Schedule, ambulance transport, and FQHC claims. Does this mean claims are denied? No claims are still processed but payment is delayed. What about Medicare telehealth coverage? Non-behavioral telehealth flexibilities expired; coverage may vary until Congress extends provisions. How can practices prepare? Continue submitting claims, use ABNs, notify staff/patients, and leverage RCM tools like ClinicMind. In Summary This temporary Medicare payment hold isn’t a denial; it’s a delay due to legislative processes.Stay informed, keep submitting, and let your RCM software and billing team manage the flow. ClinicMind clients can rest assured knowing their claims are tracked, monitored, and queued for release as soon as CMS clears the hold. Protect Your Practice From Payment Delays
How Clinics Recovered $12K–$24K in Hidden Healthcare Revenue With PatientHub’s Reactivation Dashboard
How Clinics Recovered $12K–$24K in Hidden Healthcare Revenue With PatientHub’s Reactivation Dashboard Every clinic loses patients quietly. They don’t stop needing care—they simply stop hearing from you. They miss one visit, then another, and before long, they’ve drifted away. That’s where the PatientHub Reactivation Dashboard changes the story. It doesn’t just send messages—it rebuilds relationships and reveals, in real dollars, what those reactivations are worth. Across 21 clinics analyzed, practices using PatientHub saw an average 83% increase in reactivating patients who had been inactive for 90 days or more, resulting in $12,000–$24,000 in recovered healthcare revenue — all without spending a dollar more on marketing. Smarter Patient Reactivation With PatientHub’s Reactivation Dashboard Inside PatientHub, reactivation lives where the action happens — right in your Opportunities Pipeline. Here’s how it works: Navigate to Opportunities → Reactivation. PatientHub automatically identifies patients who haven’t visited in 3 weeks, 6 weeks, 6 months, or 1 year. It sends personalized, HIPAA-compliant messages across text, email, or voice — and tracks every response, booking, and payment. No more spreadsheets. No more guesswork. The Reactivation Dashboard gives you a complete, real-time picture of your patient pipeline — from outreach to booked appointments and recovered revenue. Track Patient Reactivation ROI and Healthcare Revenue Impact The beauty of the Reactivation Dashboard isn’t just in automation — it’s in transparency. With PatientHub, you can instantly see: Which patients have been contacted Who booked appointments after receiving messages How much revenue those reactivations represent Each patient carries measurable treatment potential — whether that’s $100, $500, or $1,200 per case. Multiply that across even 100 reachable dormant patients, and you can unlock $12,000–$24,000 in new revenue using automation that runs quietly in the background. Predictable Growth Through PatientHub’s Patient Reactivation Software With the dashboard, you’re not guessing how your outreach performs — you’re watching results unfold in real time. Select any month (for example, September) and PatientHub shows: Appointments from reactivated patients Potential revenue (total opportunity value) Actual revenue (the money already on the books) This turns your reactivation process into a live ROI scorecard — proof that every reminder, every message, and every returning patient makes a measurable financial impact. Why Automated Reactivation Boosts Dormant Patients Return Reactivation isn’t a marketing trick — it’s patient care continuity wrapped in smarter automation. Instead of constantly chasing new patients, PatientHub helps you retain and re-engage those who already know and trust your practice. That means more visits, more consistent revenue, and less administrative overhead. Our data shows that with a 10–20% reactivation rate range, practices using PatientHub generate an additional $12,000–$24,000 in recovered revenue, while clinics without automation average only $2,400. That’s the difference between manual reminders and measurable outcomes. How to Reactivate Dormant Patients Using PatientHub Reactivation Process Your next growth milestone isn’t in cold leads — it’s in the patients who already believe in your care. The PatientHub Reactivation Dashboard shows you exactly where they are, how to reach them, and how much they’re worth when they return. Whether you’re a solo chiropractor or a multi-location practice, the path to predictable growth starts with reactivation — not advertising. Ready to see what your reactivation potential looks like? Book a free consultation with our team today and discover how PatientHub can help you turn inactive patients into consistent, predictable revenue. Conclusion PatientHub’s Reactivation Dashboard proves that patient reactivation is more than outreach—it’s revenue recovery. By combining automation, real-time tracking, and a proven patient reactivation process, clinics are turning dormant patients into active ones and unlocking hidden healthcare revenue. Whether you’re looking to reactivate patients at scale, reduce staff burden, or build predictable revenue growth, PatientHub makes it simple. Book a demo today and see how PatientHub’s reactivation automation can help your practice recover hidden revenue and strengthen patient relationships. FAQ What is patient reactivation in healthcare? Patient reactivation is the process of reaching out to dormant or inactive patients and encouraging them to return for appointments, treatments, or ongoing care. Effective reactivation helps practices recover hidden revenue and strengthen patient relationships. How does PatientHub’s Reactivation Dashboard work? PatientHub’s Reactivation Dashboard automates outreach to dormant patients, tracks responses, and shows the revenue impact of reactivated visits. This allows practices to measure ROI and re-engage patients at scale without adding staff burden. Why are dormant patients a challenge for healthcare practices? Dormant patients create lost revenue opportunities and may negatively affect continuity of care. Without a reactivation process, practices rely on manual reminders or guesswork, leading to inefficiency and lower patient retention. How much revenue can practices recover through patient reactivation? Clinics using PatientHub’s Reactivation Dashboard typically recover between $12,000–$24,000 in hidden healthcare revenue, depending on patient volume and the consistency of their outreach strategy. Book a free consultation
ClinicMind Patient Intake Forms: Smarter, Flexible Digital Healthcare Intake
ClinicMind Patient Intake Forms: Smarter, Flexible Digital Healthcare Intake A smooth patient intake process is key to running an efficient healthcare practice. That’s why we’re excited to introduce ClinicMind’s next generation Patient Intake Forms, designed to offer more customization, automation, and better workflow integration. Other companies, like Phreesia, offer digital intake tools, but ClinicMind takes it a step further. Our new features help you engage with patients more efficiently and ensure your forms fit smoothly into your practice’s daily routines. What’s new in ClinicMind patient intake forms Here’s how we’re transforming patient paperwork: Appointment type based display Say goodbye to one size fits all forms. Now you can tailor patient paperwork for each appointment type, like consultations, follow-ups, therapy sessions, or re-exams, to better match your workflow. QVAS calculation by appointment type You no longer have to use the same scoring for every appointment. With ClinicMind, you can choose which appointment types include QVAS calculations, so providers get the data they need when they need it. Document completion tasks by appointment type Get helpful alerts that keep you on track. You can pick which appointment types send notifications when patients finish forms in MyClinicMind (Patient Portal), so your team always knows what to do next. The upgrades are now live, and teams are seeing easier onboarding, quicker documentation, and improved compliance. ClinicMind vs Phreesia: Patient Intake Form Comparison Phreesia is a familiar choice for patient intake, but ClinicMind’s updated Patient Forms offer some important advantages for your practice. Deeper customization Phreesia: Provides standardized intake forms with some customization options. ClinicMind: Lets you fully customize forms based on appointment type, specialty, and workflow, so your forms stay relevant and avoid unnecessary repetition Integrated clinical Intelligence Phreesia: Focuses on digital data collection and payment capture. ClinicMind: Includes tools such as QVAS scoring, clinical documentation triggers, and task workflows built into the EHR/RCM system. This helps streamline care at every stage, not just during intake. Unified platform vs. add-On Phreesia: Primarily an intake tool that bolts onto other systems. ClinicMind: A single platform that brings together intake, scheduling, billing, credentialing, and RCM, so you avoid the hassle of using disconnected systems Patient & staff experience Phreesia asks patients to use different portals, which means adding another vendor to the process. ClinicMind uses the MyClinicMind Patient Portal, which providers already trust. Patients can access forms, communication, and scheduling all in one place. Why ClinicMind’s Patient Intake Forms Matter for Your Practice ClinicMind lets providers manage patient paperwork in detail, so they can: Patients only see the forms that matter to their visit. Staff receive automated tasks only when needed. Clinicians get relevant, structured data integrated into their notes. This means less paperwork, fewer mistakes, and more time to focus on your patients. Upgrade to Smarter Patient Intake Forms with ClinicMind Patient intake is evolving to be more intelligent, integrated, and adaptable. With ClinicMind’s new Patient Forms update, practices of any size can boost efficiency, stay compliant, and keep patients happy, all without managing several vendors. To see how Patient Forms can streamline your workflows today Make intake effortless
EHR New Feature Release: Designed for a Smarter, Smoother Practice
At ClinicMind, we believe our EHR should be more than just software; it should be a partner in delivering exceptional patient care. That’s why we’re excited to announce our latest feature enhancements. These updates are designed to save you time, simplify workflows, and give you more control over your day so you can focus on what truly matters: your patients. Telehealth Virtual care, simplified and organized.Managing telehealth appointments has never been easier. The new Telehealth gives you real-time visibility into all your virtual consultations whether they’re current, upcoming, or completed. Clear appointment categorization for quick reference. Smooth patient interactions with an intuitive, easy-to-use interface. Instant access to audio and video tools for uninterrupted care delivery. Whether you’re running a fully virtual clinic or blending in-person and online visits, this feature ensures that every patient is seen on time and without hassle. Redesigned Point-of-Sale Fast, clear, and effortless patient transactions.Our redesigned point-of-sales interface takes the guesswork out of payments. With a cleaner, more intuitive layout, both patients and staff can navigate transactions seamlessly. Clearly displayed charges, discounts, and applicable offers. Efficient bulk application of point-of-sale items to speed up processing. Minimized transaction times to improve the checkout experience. From front desk staff to clinicians, everyone benefits from a point-of-sales that just works faster and smarter. Enhanced Task Checklists Stay on track and never miss a step. The updated Task Checklist feature makes daily operations more organized and transparent. Execute task checklist button for quick, bulk action completion. Dropdown menus to easily select or deselect tasks before execution. Improved dependency logic for assigning tasks, deadlines, and responsibilities with clarity. No more scattered notes or forgotten follow-ups your priorities are now front and center. Why This Matters for Your Practice With these updates, ClinicMind EHR continues to evolve as a complete practice management solution. You’ll enjoy: Reduced admin time. More efficient patient encounters. Greater operational clarity. When technology works in the background to streamline your day, you’re free to focus on delivering outstanding care. ClinicMind EHR Your All-in Partner for Practice Success.
Announcement Flexnote Release Notes – V17
We’re excited to share some powerful new updates to FlexNote, built to streamline your documentation, enhance patient care, and minimize clinical oversight. Here’s what’s new: My Symptoms – Change in Location & New Complaint Indicators – This feature is important because it shows the physician when the patient makes a change to the location of a complaint and adds an indicator when there is a new complaint added. This is important because without the indicator changes or new additions can be very easy to miss. Macro Recovery Option – This is important because, we used to permanently delete macros and there was no way to retrieve them if this was done accidentally. Now, when a user deletes the macro, they can retrieve it themselves very easily. Smart Field: Improvements Summary – This field is important because it will calculate the improvement of the following: complaint pain, complaint frequency and outcome assessment tool scores between the patient’s last evaluation and the most recent to show the clinician where the patient is at in their recovery or progress in their treatment. Interpretation Based on the Onset Date – This feature is important because it will show the clinician whether the patient’s complaint is Acute, Sub-Acute, or Chronic based on the onset date of the complaint (found under the Presenting Problems field) and the date of service of the note being documented in. Zoom In/Out Feature – This feature is helpful for those with poor eyesight, without affecting the formatting of the PDF of that note. You are now able to zoom in or out which will only affect the left hand side of the note and allow for things to be easily read. Smart Sync with Patient Forms – This feature is important because we have a concept called field sharing/auto salt, which allows the values in one template to be automatically pulled into another template (ie, Patient Forms and FlexNote). This functionality is only called once though and it’s during document creation. Which means if a patient is currently in the middle of filling out their Patient Forms and the doctor wants to open the FlexNote to pre-prep the note, the FlexNote will only receive whatever the patient filled out at the time the FlexNote was created. This functionality will give them a 1-click button solution to have the system update the shared values between the two notes to be updated. New ‘Or’ Delimiter for multi option field – This feature is useful for scenarios where ‘, and’ does not fit the sentence structure and they would prefer ‘, or’. Play Video New to ClinicMind? Book a demo here
June 2025 Updates: Advanced Care Plan Features, Visit Plan and Finish Later Workflow
We’re committed to enhancing your workflow with every update. Our latest release introduces new smart features designed to help you work more efficiently, so you can focus on what matters most—delivering exceptional care. Advanced Care Plan Features CPT Grouping – Bundle related procedure codes (e.g., 99202‑99204) so usage and remaining visit counts are tracked together. Discounts at CPT / Group Level – Apply distinct discounts to specific CPT codes or groups instead of one discount for the entire care plan. Visit Plan Design complex visit recurrence patterns—such as tapering from five visits a week to one—within a single interface. (Previously called “Bulk Schedule” in ClinicMind 1.0.) Finish‑Later Workflow The “Finish Later” option is now visible directly in your documentation toolbar, making it easy to pause charting without clicking “Complete” first. Play Video New to ClinicMind? Book a demo here
The New Check-In Kiosk: Designed for Speed, Simplicity, and Seamless Patient Experiences
Introduction The check-in process is often the first impression a patient has of your clinic—and first impressions matter. Long wait times, redundant paperwork, and confusing interfaces can quickly lead to frustration at the front desk. That’s why we’re excited to introduce the new ClinicMind Check-In Kiosk—an intuitive, patient-friendly solution that enhances efficiency, improves accuracy, and transforms the way clinics welcome their patients. This isn’t just a cosmetic upgrade. It’s a complete reimagining of the check-in experience, developed with today’s practice needs and tomorrow’s challenges in mind. Why It’s Time to Rethink Patient Check-In Clinics are under increasing pressure to optimize workflows, improve data accuracy, and maintain high patient satisfaction—all while juggling tight schedules and limited staff bandwidth. Traditional check-in tools often fall short, creating bottlenecks that ripple throughout the day. The new Check-In Kiosk addresses these challenges by delivering: Streamlined Workflows – Faster, easier navigation for patients reduces time at the kiosk and decreases lines in the lobby. Appointment-Specific Smart Forms – Patients only complete the documents relevant to their visit, reducing errors and improving compliance. Seamless MyClinicMind Integration – Patients can begin forms at home and finish them on-site without starting over. Universal Accessibility – Designed with all patients in mind, from tech-savvy adults to seniors and those with accessibility needs. Mobile App Availability – Set up easily on iPads or Android tablets with a dedicated app for maximum flexibility and speed. Out with the Old, In with the Future While the legacy kiosk served clinics well for years, its limitations have become more apparent in today’s dynamic healthcare environment. Slower interfaces, outdated form routing, and lack of support for new features mean it can no longer keep up with evolving clinical needs. That’s why we’re shifting our full development and support focus to the new Check-In Kiosk. This ensures your practice benefits from the latest innovations and ongoing improvements—without compromise. Built for Clinics, Backed by Experts Transitioning to a new tool can feel overwhelming—but we’ve made it simple. Our team is here to guide you through every step, from installation and customization (coming soon) to hands-on training. You’ll be up and running in no time, with a check-in system that’s aligned with your clinic’s goals and workflows. Final Thoughts The new Check-In Kiosk isn’t just a replacement—it’s an upgrade to the way your practice operates and your patients experience care. By investing in smarter, smoother check-ins, you free up time for your staff, reduce front-desk congestion, and start every patient encounter on the right foot. Let’s move forward together—because better check-ins mean better outcomes for everyone. Modern check-ins start with one click—schedule your call to learn more and get started.
Update on BOI Reporting – Wait and Watch
You’ve probably heard that there’s a legal back-and-forth going on in the courts regarding the Beneficial Ownership Information (BOI) reports. Here’s what’s happening and what it means. What’s the Issue? The U.S. government wants to require companies to report who really owns and controls them. These BOI reporting rules are meant to crack down on illegal activities like money laundering and tax evasion. Many countries already have rules like this. Without them, the U.S. looks like a safe haven for shady businesses. BOI reporting would help the U.S. stay credible and trusted in the global economy. But not everyone agrees with the rules, and some businesses have challenged them in court, saying they’re unfair or unconstitutional. FYI… The information won’t be public—it’s for law enforcement only. And most businesses will only have to fill out the form … themselves or with assistance (just like tax returns). Plus, the benefits of catching criminals far outweigh the minor inconveniences of compliance. What Did the Fifth Circuit Court Do? Recently, the Fifth Circuit Court of Appeals (covering Louisiana, Mississippi and Texas) said, “These rules can’t go into effect right now – we have to wait until the courts rule on the BOI’s.” This is called a temporary injunction, and it temporarily blocks the rules while the legal battle continues. They did not decide that the BOI’s cannot go forward – only that the filing deadline cannot be enforced (i.e., no penalties) while the BOI’s are being considered in court. How Did the DOJ Respond? The U.S. Department of Justice (DOJ), which enforces federal laws, wasn’t happy about this decision. They believe these rules are important for fighting financial crimes and want them to start as planned. So, they filed an emergency motion with the U.S. Supreme Court, asking it to lift the injunction. In simple terms, the DOJ is saying: “Supreme Court, we need your help right away. Let us enforce these rules while we sort out the legal stuff in lower courts.” What Happens Next? Here’s how it works: The Supreme Court Reviews the Motion The Supreme Court decides whether to take up the DOJ’s request. They don’t automatically have to say yes—they choose which cases to consider. The Decision If the Supreme Court agrees with the DOJ, it will lift the injunction, and BOI reporting rules can go into effect while the lawsuits continue. If the Court denies the request, the injunction stays, and the rules remain on hold for now. So, for the moment, we wait and watch.
