Hospital Ownership Hurts Pay, Practice Revenue
October 27th 2010Physicians and practices affiliated with hospital systems may suffer when it comes to compensation and revenue. Specialists in hospital-owned and IDS-owned practices earned a median compensation of nearly $250,000, and those non-hospital-owned and non-IDS-owned practices earned more than $353,000, according to a new study.
Are You Tired of Playing Kick the Can?
October 26th 2010We're coming up on yet another deadline for major Medicare payment cuts, a deadline that was delayed months ago by a Congress that chose to kick the can down the road, rather than do the heavy lifting and make the hard choices that a permanent solution would require. Will Congress yet again take the easy way out and avoid its responsibility to ensure that physicians receive equitable reimbursement and patients on Medicare continue to have access to services?
The Right Way to Run Your Practice Website
October 25th 2010Any medical practice without a website in the 21st century is like a rotary-phone clunker in the era of sleek smartphones. Without a website for your practice, you're leaving money on the table and serving fewer patients than you could be if you were doing it right. Here's how.
How Much Is Your Medical Practice Worth?
October 25th 2010Do you know how much your practice is worth to a prospective buyer? Even if you're not planning to sell, or partner with another physician, there are many reasons why it's crucial to know the current value of your practice. In a two-part series, I'll tell you why valuing your practice so important -- and then show you how.
The Most-Expensive Colleges in the U.S.
October 22nd 2010College tuition continues to climb, particularly at private schools. Some of the most-expensive colleges and universities in the U.S. raised tuition for 2010-11 by as much as 5% from the previous year. Here's a list of the Top 10 most-expensive schools.
Where to Find Higher Savings Yields for Your Kids
October 21st 2010A reader struggling to teach his child of the benefits of saving asks for help in finding a savings account with higher yields. While interest on the average passbook savings account is an anemic 0.21%, there are other ways for your kids to find a better deal.
The Stressful Side of a Sudden Windfall
October 20th 2010While it's true that hitting the lottery is a rare source of new-found wealth, it's generally easier to strike it rich at home: 20% of all households receive some kind of inheritance. While the newly rich can enjoy the sudden windfall, it often comes a new set of problems.
"Dollars for Docs" Project Sheds Light on Drug Company Payouts
October 19th 2010Six news organizations launched the "Dollars for Docs" project, an ongoing investigation of drug company payments to physicians, including a searchable database of doctors by name and state. Are you on the list? Are your colleagues?
Is Successful Entrepreneurship Nature, or Nurture?
October 19th 2010Bill Murphy Jr.'s new book, "The Intelligent Entrepreneur," details the experiences -- warts and all -- of three Harvard Business School grads who went on to become successful entrepreneurs. The underlying lesson of this book is encouraging for aspiring physician business owners: Entrepreneurship can be learned.
Advanced Degrees Influence Physician Executive Pay
October 18th 2010How much physician executives earn depends on the type of advanced business degrees they hold, a new survey finds. Where they work matters, too: An executive working in an academic medical center can earn nearly $500,000 a year more than one working for a government facility.
Enter Our Stock-Picking Contest and Win an iPad!
October 15th 2010Are you a stock-picking whiz? Prove it -- and win a new iPad! Enter our new "Diagnose the Dow!" healthcare stock-picking contest. This is your chance to prove that you can pick the healthiest healthcare stocks and show your peers that you have the skills to pay the medical bills.