The Most Generous Cash-Back Rewards Cards
May 6th 2011A reader's credit-card issuer changed the terms of his cash-back rewards card program, and the doctor's looking for a better alternative. Which cards offer the most-generous cash-back rewards? Here are two of the best deals our experts have found.
Top 5 Bourbon Picks for the Kentucky Derby
May 6th 2011If your weekend plans include watching the world's top 3-year-olds make "The Run for the Roses" in the 137th Kentucky Derby, you'll need to stock up on essential supplies, including a world-class bourbon. A bourbon enthusiast recommends these five brands.
How to Satisfy a Craving for Creativity
May 6th 2011Clinical medicine is becoming increasingly left-brained, organized by evidence-based medicine and guidelines. Any right-brained activities we might engage in are relegated to just a few moments of our day. How then do we then satisfy our natural human craving for creativity in our work?
Physician Groups, Lawmakers Call for Repeal of SGR
May 6th 2011Physician groups converged on Capitol Hill this week to weigh in on solutions to the untenable Medicare physician payment formula. Representatives from the groups and several lawmakers called for the repeal of the Sustainable Growth Rate.
Get Offensive with Consumer Staples
May 5th 2011Sell in May and go away? Seems so -- stocks are off to a weak start this month, and some investment analysts are saying a pullback is due following April's strong rally. What's an investor to do? When the going gets tough, the tough buy consumer staples stocks.
The Myriad Problems with Medicine
May 5th 2011There are myriad problems besetting medicine that affect outcomes, medical and financial. One of the inherent ones is that many of these problems have intertwining relationships, making it that much harder to parse out for analysis and improvement. Let's look at a few, keeping in mind our blood pressure.
When Leaving Private Practice Doesn't Make Sense
May 3rd 2011Leaving private practice to become a hospital employee can be a good fit for many physicians, but it's not a wise move for everyone. Physicians need to fairly assess the costs and benefits of giving up private practice for hospital employment.
Clock Is Ticking on Gift-Tax Exemption
May 3rd 2011Estate planning can be tricky in this volatile political and economic environment, but one thing is almost certain: In December 2012, the current $5 million federal gift-tax exemption for individuals will likely be reduced to $1 million or even less. Failing to take advantage of this short-lived tax break could impact your relatives substantially.
Is a "Mystery Shopper" Coming to Your Waiting Room?
May 2nd 2011Retailers and hotel chains have long employed "mystery shoppers" to gauge how well their customers are treated. Now regulators want to take the same approach to determine whether access is a problem for new patients seeking out primary care physicians.
"Big Picture" Tools Help Monitor Staff Productivity
May 2nd 2011As a physician, how do you know whether your staff is as productive as they can be? The answer is, you don't -- at least not in the sense that some magic red light comes on when productivity levels drop. But there are electronic tools and procedures that can be put in place to help physicians determine whether employees are meeting their goals and objectives.
Great Drives and Destinations: Newport Beach, Calif.
April 29th 2011Newport Beach, Calif., is as wealthy and aristocratic as its namesake, Newport, R.I., and as entertaining and homespun as what used to be Coney Island, N.Y. You get both here: The people who have it all and love it, and others who have so little and may well be more content.
Conquering Six-Figure Student Loans and Credit-Card Debt
April 29th 2011A young physician with $175,000 in education loans and credit-card debt doesn't know how to begin paying it all down, let alone how to start saving for the future. She can get on the road to financial security by following these steps.
Why Stock Picking, Timing the Market Are a Sucker's Bet
April 27th 2011A landmark study, and numerous subsequent studies, of pension funds found that timing the stock market and selecting individual stocks contributed very little to portfolio performance. Instead, asset allocation accounted for more than 90% of a fund's performance over time. So why are you still trying to game the market?
Experts Can Find Value in a "Beginner's Mind"
April 26th 2011As physician business or medical practice owners, we are equally likely to go from youthful idealists starting out in practice, or our newly discovered nonclinical business, to blasé and even somewhat jaded practitioners of our crafts. By approaching our work instead with the Zen Buddhist concept of a "beginner's mind," it instantly reveals a marvelous perspective with which to step back and re-evaluate our businesses, and even our lives. Here's how.
Four Common CPA Asset-Protection Myths
April 26th 2011Few physicians receive any advice on asset-protection planning from their certified public accountants, and unfortunately when they do the advice is often wrong. Here are four common mistakes CPAs typically make when advising doctors about protecting their assets.
Top 10 Business Graduate Schools for Physicians
April 25th 2011The University of Houston at Clear Lake's relatively low tuition and flexible Master of Health Services Administration program was ranked first in this year's "Top Business Graduate Schools for Physician-Executives." Here's a list of the Top 10.
New Strategies for Building a Nest Egg
April 25th 2011The impact of today's sluggish economy has been widespread. Virtually every avenue of the financial world has been affected, including the way physicians need to plan for and build a retirement nest egg. The days of buy-and-hold investing are over, experts say. Now more than ever physicians need to be more proactive in their management of retirement assets.
Revisiting Past Columns: How'd I Do?
April 22nd 2011In the interest of transparency and accountability, two things this world is very short on, here are some follow-ups on previous columns and ruminations. Was I right, wrong, incomplete, or just wandering in the fog? Like everything in life, it's probably a mélange of all of the above, so let's see.
Diversifying Your Portfolio, Even in "Good Times"
April 21st 2011The economy performed solidly in the first quarter and early quarterly earnings results have been better-than-expected. Even in more optimistic times such as these, however, it's critical to make sure that your portfolio has a clear investment strategy and is adequately diversified. Individual investors may also want to take a closer look at alternative assets to protect the downside during times of extreme volatility.