Final Rules Include 10% Primary Care Incentive Pay, Reimbursement Cuts
November 29th 2010Primary-care doctors would receive a new 10% incentive under the Centers for Medicare & Medicaid Services final 2011 physician fee schedule, while reimbursements for certain tests and procedures will be slashed by as much as 50%.
As Investors Flee, Is It Time to Buy Munis?
November 29th 2010The muni-bond market has been in a free-fall lately on fears that struggling state and local governments may default on their debts. The resulting imbalance in the bond markets may prove to be a buying opportunity for investors willing to stomach a bit of risk.
The Message to Doctors: We Don't Care
November 24th 2010As a lame duck Congress scrambles to find a temporary compromise on the Medicare physician-reimbursement formula, a weary physician workforce watches and waits, resigned to more months of uncertainty. By not appreciating what this does to physicians' morale, the public is telling doctors that from a federal policy point of view, they simply don't matter.
My Top 10 Reasons to Give Thanks
November 24th 2010Take a minute today and scan your life -- all of it. Your work, your family, your friends, your home, yourself. What do you see there that you are deeply grateful for? I reflected on my life and realized I have so much to appreciate. While I'll keep the really personal stuff to myself, may I share with you why I am so thankful to be an entrepreneurial physician?
Getting Started? Focus on Purpose, Not Products
November 24th 2010I'm often asked, "How do I begin to get my financial affairs in order?" That's a great question. The problem I see with most physicians -- and most financial advisors -- is that they focus on the products too much and not on the purpose those products are serving. Before you pick the next stock, or buy the next annuity, or hire a financial advisor, you need to define your goals.
Career 'Dos' and 'Don'ts' to Avoid Burnout
November 22nd 2010The "danger zone" for physician burnout looms when work begins to become overwhelming, menial, tedious, exhausting, boring and/or highly supervised. I look at the issue of career burnout, and offer three essential "dos" and "don'ts" to help you find happiness on the job.
Simple Steps to Better Billing
November 22nd 2010Too often, the focus on the medical practice billing process is whether or not it's efficient. The first question really should be, "Is the process effective?" Taking the time to make these basic observations will help in understanding both effectiveness and efficiency of your billing system.
Senate Votes to Delay Medicare Pay Cut Until Year-End
November 19th 2010The Senate voted to delay the looming cut in Medicare pay for physicians, keeping reimbursements at current rates through Dec. 31. If the House approves, the move would postpone a 23% cut in reimbursements that was due to go into effect on Dec. 1.
A New Concept: Art for the Average Investor
November 18th 2010A global financial-services firm plans to bring the concept of investing in art to the not-super-wealthy investor. Art adds diversification to an investment portfolio in that it has low correlation with stocks -- meaning, when stocks go up or down, art does not necessarily follow.
How to Help the Misinformed e-Patient
November 16th 2010More patients are empowering themselves by turning to the Internet to obtain information about their health. Although the right information can be useful, plenty of online information can be out-of-date or just plain wrong. Here's what you can do to help.
Docs Can't Get No Satisfaction?
November 16th 2010A quick search of studies on physician job satisfaction came up with very little research covering U.S. docs. Maybe there's much less physician job dissatisfaction here than the blogs, the media and my selective conversations with doctors would lead us to believe. Or perhaps, no one but we physicians care.
Stories in Stone: The Petroglyphs of the West
November 16th 2010Petroglyphs are distributed widely across the world and at least three dozen such sites exist in the U.S., all telling the tale of those who lived there thousands of years ago. These places are not easy to find, however and their messages are poorly understood.
Avoid These "12 Scams of Christmas"
November 16th 2010Retailers look forward to the holiday-shopping season all year -- and so do cyberthieves. As consumers head online to track down the hottest gifts, make travel arrangements and contribute to their favorite causes, thieves do their best to separate them from their money. Here are this year's Top 12 scams.
Revenue Loss, Fraud Charges Result from Poor Coding
November 16th 2010The risks inherent in inaccurate coding are two-fold: On the financial side, it often means that medical practices are not properly reimbursed. Of greater importance, however, is the growing danger of poor coding resulting in fraud charges.