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Private Practice

Insurance Coverage Every Private Practice Needs

June 27, 2018

When a physician transitions from practicing as an employee to owning or being a partner/shareholder in his or her own private practice, the financial picture changes. A lot. As an employee, you’re sheltered from having to protect the business entity. You just need to worry about yourself and your

CategoriesPractice Management Tagsmedical practice management

Physicians

Physicians Get Paid Best in Rural Areas and Lower-Cost Cities

November 21, 2017

“I’d be a bum on the street with a tin cup if markets were efficient.” – Warren BuffettPhysicians aren’t commodities – and neither are the markets they work in. That’s why there are big differences in compensation, even within the same city and within the same specialty. A recent survey

CategoriesFinancial Planning,  Practice Management,  Study Tagsmoney management

Key Person

What If You Lose a Partner or Key Person?

October 10, 2017

This could happen to you: You are a successful physician in private practice, living your dream. You have a terrific bunch of partners, and a skilled and diligent office manager who keeps the whole practice humming along. But early one morning you get a call from distraught family member: There’s

CategoriesPractice Management Tagsfinancial planning,  medical practice management

Medical Practice

Protecting the Small Medical Practice Against Disaster

September 7, 2017

On top of the terrible human toll on individuals inflicted by disasters such as Hurricane Harvey – that affected millions in Texas and Louisiana in 2017 – disasters take a terrible toll on small businesses as well: According to data from the Federal Emergency Management Agency (FEMA), some 40

CategoriesFinancial Planning,  Practice Management Tagsfinancial planning,  money management

Medical Specialty

Is Your Medical Specialty Among the Top Earners?

June 14, 2016

Want to know how your medical specialty is getting paid? The 2023 Medscape Physician Compensation Report is out. Here are some of the key findings: The five highest earning medical specialties are: Plastic Surgery: $619,000 Orthopedics: $573,000 Cardiology: $507,000 Urology:

CategoriesFinancial Planning,  Medical News,  Practice Management Tagsamerican medical news

Student Loan

7 Student Loan Management Tips For Young Doctors

April 19, 2016

Medical school pays off big for the vast majority of doctors who stay in medicine for their entire careers. But that doesn’t mean that medical school debt and student loan balances are fun. According to the New American Education Policy Program, the average medical school graduate begins his or her

CategoriesFinancial Planning,  Practice Management Tagsfinancial planning,  money management

best states for doctors 1

Best States for Doctors

June 11, 2015

How does your state rank when it comes to opportunities, risk and financial stability specifically for doctors? First of all, let’s think about the things that doctors tend to have in common: Doctors are entrepreneurial They are either in private practice or would like to have a private

CategoriesFinancial Planning,  Medical News,  Practice Management Tagsamerican medical news

high stress

Doctors’ High Stress Profession Makes Disability Insurance A Vital Asset

May 21, 2015

There’s an old saying that it’s the cobbler’s kids who have no shoes. Doctors tend to go into the business with great intentions: They want to help others. And that’s a good and laudable goal and absolutely a quality to be admired in a doctor. But sometimes doctors fall prey to an insidious tendency

CategoriesPractice Management Tagsstress management

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