Autism-Vaccine Link Discredited, but Is Damage Already Done?
January 7th 2011News that a 1998 study linking autism to the measles, mumps and rubella vaccine was discredited took the media by storm this week. But many parents still aren't convinced the vaccines are safe, posing a dilemma for family physicians.
Can an LLC Really Protect a Physician's Rental Property from Lawsuits?
January 7th 2011A physician worries whether a limited liability company can protect his rental property in the event of a lawsuit. Here's a look at some of the benefits and limitations of shielding your personal assets with an LLC.
Late to Wall Street's Party … Still Want to Dance?
January 7th 2011The stock market is nearly double its level of March 2009, with the Dow Jones Industrial Average returning to highs not seen since the Dot-Com bubble. Investors seem upbeat and encouraged about the outlook for the U.S. economy for the first time in years. Still, not everyone is in on the fun -- and some are wondering whether they can still join in on the festivities. Is it too late? Hard to say, but here are some investments to limit your risk either way.
Physicians Are Prone to Gaps in Disability Coverage
January 5th 2011In the third in a series of posts on the special considerations physicians have when choosing disability insurance, we'll look at three areas that insurance salesmen tend to overlook: Whether the policy is renewable, whether there are cost-of-living adjustments; and whether there is residual disability coverage.
Residents, Senior Physicians at Higher Risk of Burnout
January 4th 2011Two studies found that young physicians in particular, and those who are nearing the end of their careers, are at high risk for burnout. Residents surveyed reported less job satisfaction and personal support than their colleagues.
What You Don't Know About Your 401(k) Can Hurt You
January 4th 2011Many take 401(k) plans for granted -- they get the paperwork and choose investments without reading the fine print. But by not understanding your retirement plan, you may end up missing out on "free money," or paying more taxes than you should. Here are some examples.
Putting the Fiduciary Back Into Financial Reform
January 4th 2011Many financial advisory firms promote "client based" services, a misleading term that attempts to appeal to investors, when in reality the firms are acting in the clients' best interests one minute and in their own the next. That's why it's so important for the SEC to use its authority to place broker-dealers who provide investment advice under a fiduciary standard of care.
Resolve to Master Medical-Practice Marketing
January 3rd 2011Medical practices are facing momentous decisions -- to join the en masse migration to become part of larger groups or corporate entities, or to remain a stand-alone small businesses. For those who choose to "fly solo," the only way you'll succeed is through intentional planning and mastering the skill of medical-practice marketing.
EHR Incentive Program Registration Starts Today
January 3rd 2011Starting today, physicians can register online to participate in the federal incentive program for adopting electronic health records (EHRs). Physicians can receive up to $44,000 over five years under Medicare, and up to $63,750 over six years under Medicaid.
The Pros and Cons of Lending to an Associate
January 3rd 2011If you've ever loaned money to a family member, you know how awkward -- even uncomfortable -- it can be. Sometimes the risk outweighs the reward. The same holds true when it comes to leading money to colleagues. If you're considering helping a junior associate out with a loan, here are some ways to protect yourself.
Top 5 Threats to Cyber Security in 2011
December 29th 2010Did you get an iPad for Christmas this year? The device seemed to be on everyone's wish list -- including cybercriminals. Security technology firm McAfee wanrs that the iPad, and a host of other popular technologies, are under the greatest threat from cyber attacks in 2011.
With Disability Insurance, Your Savings, Spending Matter
December 28th 2010I've discussed why it's important for physicians to know the definition of "disability" when it comes to choosing the right insurance policy. Too many have too little coverage. This week, I'll tackle two more factors crucial to buying the right disability policy: How much you spend, and how much you have saved.
One in Six Physicians Own or Lease Imaging Equipment
December 28th 2010One in six doctors in physician-owned practices in 2008 said he or she owned or leased advanced-imaging equipment, raising concerns that physicians with a financial interest in the technology would make more referrals than necessary, according to a recent study.
Few Young Doctors Would "Friend" Patients on Facebook
December 22nd 2010Although many young physicians use Facebook, few say they would accept "friend" requests from patients, according to a study. Most agree that having a personal Facebook page is acceptable for doctors, as long as patient access to the account is limited.
Do You Have the Wrong Disability Coverage?
December 22nd 2010Disability insurance is one of the foundations of a solid financial plan for physicians. Yet I've seen numerous mistakes financial advisors (read "insurance salesman") have made when it comes to recommending disability insurance for doctors. Do you know what your disability policy covers? Here's what you need to know.