The "Rich": A Whole Different World
August 7th 2010The median family practitioner retires with a net worth of $2.5 million and the average cardiologist has $5.2 million. Although these numbers may qualify doctors as being "rich" among some people's perceptions, most physicians would say they sure don't feel or act rich.
Friday's Market Action May Tell If Rally Will Continue
August 6th 2010A weaker-than-expected jobs reports may put a damper on the recent stock-market rally. We'll be closely watching the last hour of trading Friday to see if recent technical indicators that point to a continuation of the rally are correct.
New Credit-Card Fee Tricks and Traps -- And How to Avoid Them
August 6th 2010How do you make up for billions of dollars in lost revenue? When you're a credit-card issuer, you get creative -- and aggressive. Here are some of the new tricks and traps card companies are using to generate more fees, and how to avoid them.
Physician Pay Cuts, Incentives and Fines Among CMS Proposed Rule Changes
August 6th 2010A number of policies will change in the coming years by new rules under consideration by the federal government, including Medicare pay cuts, electronic prescription fines and incentives, wellness visits, and more.
Patient Gripes One of the Top 10 Complaints
August 5th 2010Complaints about healthcare products and services were one of the Top 10 consumer complaints of 2009. Consumers reported healthcare providers for things such as misleading claims, unlicensed practitioners, long wait times and failure to deliver promised services.
What's in a Name?: How to "Brand" Your Medical Practice
August 5th 2010A reader asks if I have any thoughts on the pluses and minuses of using a "brand" instead of an individual physician name when naming a practice. The question goes to the heart of what your medical practice or physician business is all about -- and what your plans are for its future.
New "Hybrid" Policies Combine Long-Term Care and Life Insurance -- Tax Free
August 5th 2010New "hybrid" long-term care insurance policies offer the benefits normally associated with an annuity or life insurance, plus protection against long-term care expenses. Even better: Funds distributed from these policies are now tax-free.
The Top 10 Most Stolen Cars -- And How to Make Sure Yours Isn't One of Them
August 3rd 2010The Cadillac Escalade and the Chevrolet Silverado topped the Top 10 list of new cars that thieves target the most, according to the Highway Loss Data Institute. Here's some tips to make sure yours isn't one of them.
August Ushers in State Sales-Tax Holidays
August 2nd 2010The dog days of August have arrived, and that means state sales-tax holidays aren't far behind. Aimed at back-to-school shoppers, sales-tax holidays are designed to lure more consumers into retail outlets and encourage them to spend more. Some 15 states are planning to hold sales-tax holidays this month.
Are You a Wasted Woman Physician?
July 31st 2010I'm appalled to think of all the talent, education and experience "going to waste" simply because the medical community hasn't come up with a decent work-from-home or work-part-time solution for highly intelligent, highly schooled women who are forced out of their professions in order to have a life.
Lack of Relationships as Dangerous as Smoking Cigarettes, Obesity
July 30th 2010Having no friends or family can be as harmful to your health as smoking 15 cigarettes a day or being an alcoholic, a new study shows. The data also found that having a lack of social connections can be an even greater threat to your health than obesity.
Sanofi to Genzyme: Game On; Biotech Earnings, Trials Boost Stocks
July 30th 2010Genzyme's shares leaped after Sanofi's board authorized its chief executive to bid up to $70 per share for the drug maker, though Genzyme may hold out for as much as $75 per share. A slew of biotechs reported earnings, and upbeat clinical trial data boosted some stocks.
Worth the Cost? The Chevy Volt vs. the Nissan Leaf
July 29th 2010With great fanfare, General Motors unveiled the $41,000 sticker price for the Chevy Volt, its much-hyped extended-range electric sedan -- or about $8,000 more than the all-electric Nissan Leaf, which will list for $32,780. Are they worth the cost?
Unemployment, Higher Co-Pays Add Up to Fewer Doctor Visits
July 29th 2010Fewer consumers with health insurance are visiting the doctor, but there's a debate over whether the decline is a result of high unemployment, rising insurance copays and deductibles, or a longer-term change in the way people access healthcare.
Physician Hiring Is Expected to Increase in 2010
July 28th 2010A recent analysis of recruiting trends for hospital systems and medical groups indicates that hiring of physicians is expected to grow this year. One study found that 18 percent of the 270 healthcare employers surveyed planned to increase the number of full-time permanent employees, up from 15 percent last year.
Safe Money -- A Smart Play for the Present
July 27th 2010While the summer temperature is soaring, the prices of consumer products are not. The last three months saw a decrease in the cost of durable goods, which suggests deflation -- a scenario where purchases cost less. In this environment, "safe money" is a smart investment.
Colleges Worth the Cost … And Some That Are Not
July 27th 2010Was your undergraduate degree worth the cost? Pay-information website PayScale ranked 852 colleges and universities by their annual return on investment, to show parents and students what they get back for the investment they make in higher learning.
Physicians Benefit by Studying the Art of Medicine
July 26th 2010More medical schools are publishing literary magazines and artistic journals that encourage doctors, nurses and patients to express their feelings through artistic endeavors, such as painting, writing and photography. Not surprisingly, the field of art therapy is rapidly expanding in physician practices.