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Cash FlowCash flow management is about managing the income flowing into the household against the money flowing out of the household, and you can’t do that unless you have an effective method of measuring both areas.
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Overcome Advanced Planning Gridlock in a Group PracticeThe vast majority of group practices with more than three or four physicians suffer from "lowest common denominator" (or "LCD") planning.
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Blockchain and the Future of the Worldwide WebYou've heard of blockchain. But are you aware of how it could impact the way you access EHRs and interact with the internet?
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Our Quote is In... Insurance Premiums are UpAt one company, the employer provided health insurance premiums are increasing as a result of the Affordable Care Act - their agent said so.
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HIPAA-compliant Text Messaging App Makes Physicians' Pagers ObsoleteAlong with stethoscopes and scrubs, pagers are one of those enduring signs of the medical provider. However, a HIPAA-compliant text messaging app could improve how providers communicate.
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Is Beating the Market Possible?Market timing doesn’t work, but actively managed funds in “inefficient†markets can outperform.
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The Right Funding for Your PracticeAs many private practices found, health care is not recession proof. In addition to various factors causing their cash flow to decrease, it can be difficult to find bank loans, so some practices might need to look for alternative sources of funding.
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Stock Rally Follow-Through: Has it Failed?My primary objective in the stock market is to lose the least amount of money when I am wrong and make the most amount of money when I am right. As Friday's big sell-off clearly demonstrates, that goal's not easy to achieve in a market this random. After this week's "follow-through day," all bets are off on this signal of a fledgling rally.
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Lifestyle changes and prevention of coronary heart diseasePerhaps the most frequently cited, yet underachieved, recommendation for the prevention of cardiovascular disease is to implement healthy lifestyle habits.
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2011 Year-End Tax-Saving Moves for PhysiciansA checklist of actions for medical practices and individual physicians to make based on current tax rules.
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Most Significant Risk Management Concerns for Docs in 2014America's health care landscape is changing dramatically and there are various aspects of risk management that physician practices and hospitals must be aware of as 2013 wraps up and we enter 2014.
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Holiday Tipping: How Much Is Enough?A reader who purchased his first home this year is unsure of how much to tip workers who provide services for his family. Here's a guide to tipping at home, and when you're traveling for the holidays.
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Gold, Frankincense and MyrrhGold has endured as a commodity. And while you may not be investing in frankincense and myrrh, their modern-day descendants, biopharma and oil, are great investments for the long haul.
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How to Avoid Choosing the Wrong Investment AdvisorDeclines in market values and uncertainty about the future of healthcare has caused many physicians to question whether it's time to find a new financial advisor. Before you switch investment firms, here are some important considerations.
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7 Cardinal Rules of Retirement PlanningFinancial planning for retirement has always been a heavy burden for workers, but these 7 tips can make the process much less daunting.
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The Most Valuable Gift a Physician Can Give During the Holiday SeasonWhen it comes to finding the perfect gift for someone, sometimes the best thing you can give them is your time and attention.
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Five Tips for Preparing Your 2018 Tax Return and Saving On Future TaxesIt's tax return time. Make sure you're not only doing them right, but looking to save on future taxes.
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Gut Hormone Shows Potential for Lowering Insulin LevelsBy activating receptors on the cholecystokinin peptide hormone in the gut, University of Toronto researchers were able to “rapidly and potently" lower blood glucose levels.
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The Most Common Professional Backgrounds of Healthcare ExecutivesThere are 40,000 members in the American College of Healthcare Executives, and their professional backgrounds vary from nursing, to information technology, to finance.
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Stop Playing Roulette with Your RetirementRelying on the stock market as your retirement investment tool of choice is a lot like using Las Vegas as your financial advisor. Here are some retirement investment options that are not contingent on stock-market performance.
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Same-Sex Marriage Ruling Raises Complex Financial IssuesThe Supreme Court's ruling to overturn the Defense of Marriage Act and California's Proposition 8 raises complex financial planning and tax questions with no clear answers for many same-sex couples.
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Where to Start with Employee Theft: Part IIAccusing an employee of embezzlement is not something to do lightly. There's a lot of research a practice should do before pointing fingers at anyone. However, once you do confirm that an employee has been stealing, you want to make sure you don't do anything to jeopardize a case that could mean getting your money back.
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How Disability Insurance Benefits PhysiciansThe decision to purchase individual disability insurance should be examined carefully with cost being only one determining factor.
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Where to Go? Try Our Favorite Travel DestinationsA reader hits up our travel columnists for advice on where to go when they travel. Here are their personal favorites -- and feel free to add some of your own suggestions in our comments section.
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Considering Both SidesRight now physicians are faced with much uncertainty, complexity and considerable pressure to change their ways. So how do you decide if private practice or hospital employment is right for you?
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Be Proactive Now to Survive in this EconomyIn this unprecedented economic environment, you have to make critical decisions and changes to keep your practice healthy. Your patients will always need you. Can you be there for them? How can you continue to provide your current level of care?
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Should Your Small or Solo Practice Join a Larger Group?Although there are many benefits to consolidation, there are a few factors you should consider before making that move - including your compensation.
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Top 10 Physician's Money Digest Stories of 2010Since Physician's Money Digest's online relaunch this year, we've covered the gamut of personal finance, financial-planning and practice-management news for physicians. So what were the biggest financial news stories of 2010 among our readers? Take a look.
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Put Your Retirement Plan on Steroids: What to do When a 401(k) Just Isn't EnoughWhether you work in a solo or group practice, you can turbo charge your retirement with a cash balance plan on top of your existing 401(k) plan.
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How To Say 'You're Fired!' Better Than Donald TrumpWhether you work in the medical profession or another industry, firing someone is one of the hardest things that a supervisor will ever have to do. And giving an employee the heave-ho due to performance issues is a particularly difficult task. It takes skill and savvy to avoid causing a scene, harming office morale and landing your practice in legal trouble.
