Business of Medicine - Physician's Weekly - Page 4


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Business of Medicine

How Does Inflation Affect Your Investments?

Jan 10, 2022

From your local grocery store to the car dealership down the street—the word “inflation” is being tossed around quite as bit lately. Some physicians in small practices may also be feeling the ef...

What You Should Know Before Refinancing Your Mortgage

Jan 06, 2022

We have experienced a long stretch of low interest rates and many physician homeowners may believe that the time to refinance their home has passed them by. Is it true? The decision to refinance your ...

Dr. MedLaw: Answering Qs About Self Payment to Reduce Taxation, Following Consult-Provided Advice, & Using Patients' First Names

Jan 04, 2022

A friend told me that he reduces the taxation of his solo internal medicine practice by paying himself for his administrative work. Is this legit?  It all depends on how much he is paying him...

Should Physicians Consider Disability Insurance?

Jan 03, 2022

In the medical profession, you witness firsthand how a person’s life can change in an instant due to a medical condition. Even with this knowledge, some physicians are hesitant to purchase disabilit...

Designing Innovative Practice Spaces

Dec 28, 2021

“What are your goals?” is the first question Catherine Erikson asks physicians when helping them design or redesign their practice spaces. She runs two businesses, Medical Interior Design, and Hea...

Is Travel Insurance Worth It?

Dec 23, 2021

Who hasn’t canceled, postponed, or adjusted travel plans within the past two years? Physician travelers who would never have consider adding a travel insurance plan to their vacation budget are now ...

Five Opportunities for Physician Career Growth and Development

Dec 23, 2021

When looking for ways to advance your medical career, it can often be beneficial to explore new opportunities for career growth and development. Fortunately, there are numerous opportunities available...

The Importance of a Clinically-Driven Revenue Cycle

Dec 23, 2021

Clinical care claims are the driving force behind any healthcare organization’s revenue cycle. When physicians use clinical documentation for building compliant claims, they increase their chance of...

Don’t Underestimate Small-Cap Stocks

Dec 22, 2021

In a world where bigger is better, an ambitious physician investor may be tempted to head straight for large-cap stocks without giving small-cap stocks a second glance, but this would be a mistake. As...

Informed Consent: More Than Just Handing the Patient a Form to Sign

Dec 22, 2021

Informed consent is an essential element of medical care that physicians must not take lightly. The Doctors Company claims database covers the following case: After meeting with a 25-year-old, 157-pou...

Key Physician Revenue Findings from the Physician Flash Report

Dec 22, 2021

According to a recent report from KaufmanHall, employed physician productivity and revenue for Q2 and Q3 2021 surpassed 2020 and 2019 performance levels, with the median compensation for a full-time e...

What’s a Hedge Fund?

Dec 21, 2021

It’s always tempting to look for the next hot investment. Physician investors talk among each other and share insights they’ve heard from analysts, advisors, or that ambiguous friend of a friend. ...

The Risk of Not Taking Risks When Investing

Dec 21, 2021

The discipline to save a portion of your salary is admirable. The thought of any of that hard-earned money being lost can be a hard pill to swallow. But this is exactly the risk that you are taking wh...

Build Back Better Act: Could Its Health Provisions Affect Your Revenue?

Dec 21, 2021

The Build Back Better Act, H.R. 5376 (BBBA), is a framework intended to set the United States on a course to meet its climate goals, create millions of jobs, enable more Americans to join and remain i...

Optimizing Your Coding Procedures

Dec 19, 2021

Most doctors didn’t choose their careers based on a desire to master paperwork. Unfortunately, the ins and outs of account management are a necessary part of keeping your practice viable so that you...

Finding the Best Bank for Your Needs

Dec 18, 2021

Choosing a bank used to be as simple as going into town and walking into the one and only branch available. Then banks began to compete for your attention, offering toasters or a set of juice glasses ...

Finding the Best Credit Card

Dec 18, 2021

You can barely move through this world without a credit card. Since the pandemic, some retail locations will only accept credit cards to reduce the spread of germs. Some theme parks have gone complete...

What Is Universal Life Insurance?

Dec 17, 2021

As a physician puts together their life insurance strategy, it is important to consider all the products available and to land on the option or options most appropriate for their needs. Most people ar...

Strategies That Will Tank Diversification

Dec 16, 2021

When you pack for a vacation, you take into consideration the climate you will be visiting, the activities you will be enjoying, and any weather reports available. Given the predictable warmth of Flor...

Strategies Physicians Can Use to Improve Their CV or Resume

Dec 16, 2021

A curriculum vitae (CV) or resume remains the most important tool for job searches despite social media profiles receiving a disproportionate amount of attention. For physicians, a good CV or resume c...

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