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Still a Long Way to Go for Practice FinancesWhile physician practices have made a lot of progress in managing costs, typically, the billing, collections and accounts receivable processes haven't changed much over the years. Here's how you can update these issues.
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Ask the Right Questions When Choosing a Financial AdvisorBefore you hire a financial advisor to help you with your financial planning and investments, give some thought to what you are really looking for.
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Keeping Vigilant for Investment FraudAt the SEC we used to say that if we found more than two doctors invested in any unregistered security, it was probably a fraud. Doctors are targeted that often.
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Common Provisions of Physician Employment ContractsAlthough, physicians are by no means expected to be experts at reviewing employment contracts, they should be able to review and understand the common terms and provisions on their own.
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You Can Lose Assets in a Medical Malpractice Lawsuit - Part IIDon't fool yourself. If an attorney has the opportunity to attack unprotected assets in order to get a client paid in full, they will do so. Further, if they didn't pursue those assets, the attorney would then be liable for malpractice to the client.
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Useful App for Inexperienced PhysiciansLange's Common Symptom Guide is ported into a smartphone app with a search tool that can work around incorrect spelling and a "word of the day" type feature.
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Content Creation in the Age of COVID-19What we can learn from an epidemiologist’s rise to social media stardom.
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Determining Whether a Physician is Competent to Practice Medicine is ComplexRegardless of the stage of a physician’s career, he/she should remember the importance of learning new ways to practice medicine reaffirming the important current competence.
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How to Find Hidden Gems in This Uncertain MarketDespite shaky economic news, there are plenty of sectors and industries - or even other countries - that have been posting strong numbers to start 2014. As they say 'there is always a bull market somewhere' and that has proven to be the case this year too.
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Financial Planning Through a Client's Life StagesAre you protecting your financial future from its most significant risks? Are you investing your savings in a manner that is in line with your financial goals? Are taxes consuming more of your income than they should?
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Why Did Your Stock Underperform?It's best to not to determine success based on the daily swings of the market. To be profitable, you just need up days to outnumber the down - and that takes endurance.
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The Right Way to Enhance Your Portfolio's Global DiversificationInvesting in foreign companies is an effective way to diversify a portfolio, and today many of the most attractive growth opportunities are located outside the US.
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Curing Your Financial IllsPhysicians have traditionally relied upon their earning power to take care of their families, accumulate wealth and provide for their retirement, but lately their incomes have been decreasing. Here's a look at what life insurance can do to help.
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Opportunities to Reduce Spending on Costly Specialty DrugsThe costs for specialty drugs consume an increasing portion of overall healthcare spending, but a new report found possible savings by transitioning these medications from the medical to the pharmacy benefit.
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The Key To Effective LeadershipSanjiv Chopra, Faculty Dean for Continuing Medical Education, Harvard Medical School, divines the qualities of an effective leader.
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Selecting the Right Mutual FundsChoosing the right funds is not always the easiest thing to do. Most people do not even spend enough time understanding their plans in order to get the most out of them.
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The End Result of Value-Based Care Has Yet to Be DeterminedAs value-based healthcare becoming the new standard, doctors and patients are seeing many differences in their every day lives. What it means going forward has yet to be determined.
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Survey: Can (Should) Physicians Play a Role in Curbing Gun Violence?With gun violence all over the headlines and gun control a leading point of political contention, MD Magazine asked physicians for their views on gun control, and the physician's role in curbing gun violence.
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A S.M.A.R.T. System for Boosting Practice RevenueFactors affecting your practice revenue -- payor policies, new legislation and patient-care codes -- are changing dramatically. By using this S.M.A.R.T. revenue-management system, you can set internal benchmarks and target areas that need to be improved.
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How to Prepare for Meaningful Use AuditsFor practices that received payment for either the Medicare or Medicaid electronic health record incentive programs, the prospect of a meaningful use audit may be daunting.
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The Value of Financial Planning: Lessons from 40 Years in BankingThe economy will recover eventually, but until then, how we manage depends on how we plan for the tough times ahead. The following advice is pretty basic, but it will keep you away from the financial fringes that so many people are clinging onto, unfortunately.
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Five Signs a Market is Topping OutWhile timing markets is almost always best avoided and always challenging, sometimes it is pretty clear that the momentum of a market is tapering off. This is a good time to lock in gains, reduce exposure and tighten trailing stop losses.
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Reducing the No-Show Rate in Your PracticeEvery Practice has patients who do not show up for their scheduled appointments. Do you know what your no-show rate is and why patients miss their appointment? Any idea how much revenue your practice loses annually due to no-shows?
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The Stars Are AlignedAll of the stars have aligned for near-term strength in a sector traditionally considered "boring" or "safe" for investors.
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Less than 10% of Practices Ready for ICD-10While practice readiness for ICD-10 transition is up 4.7% from six months ago, less than 10% of practices are prepared for the rapidly approaching Oct. 1 transition deadline.
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Offshore Asset ProtectionWhat to do (and what to avoid) in international planning, and the specific tools top attorneys use in their international planning to avoid pitfalls.
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Unaccountable Care OrganizationsAlthough the preliminary performance data of the 32 Accountable Care Organizations Pioneers was largely spun as a great success story, the report raised red flags for those who lived through the HMO fad.
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Health Plans to Provide Free Preventive CareUnder new federal rules, copays, deductibles, and coinsurance payments will be eliminated preventive care, such as immunizations, blood pressure, diabetes, and cholesterol tests, certain cancer screenings, and counseling services for smoking, alcohol, depression, and obesity.
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Using Cash Flow Can Triple Your Stocks' PerformanceWe can search for stocks based on a variety of cash flow variables. But before choosing stocks based on these metrics, let's see how they actually perform as predictors of future success.
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Buy, Sell, Hold: What it Really MeansDon't be taken in when an analyst says, "Buy." Even if they believe it, there are other factors and conflicts you should be aware of.
