Sanofi Courts Genzyme as Rival Suitors Circle; Encouraging Cancer Trials Lift Two Stocks
July 26th 2010So the rumors were true: French drug giant approached Genzyme about a possible acquisition, sparking rumors the company will attract rival suitors in the U.S. Meanwhile, shares of Onyx Pharmaceuticals and Oncolytics Biotech rose on upbeat reports on clinical trials of their cancer treatments.
Is There a Summer Rally Setting Up?
July 24th 2010The market appears to be shifting from a more bearish to possible bullish scenario, after an impressive rally back above the lows of the major market plunges in early May. We'll be looking for an encouraging sign that institutional investors are bringing more cash inflows into the market.
Voices: Physicians Speak Out on Diminishing Income and the Death of Primary Care
July 23rd 2010Recent articles on physician income, disparity in pay and Medicare cuts have generated many thoughtful, and often emotional, comments from doctors. We've compiled some of their remarks here, to let readers report on what they're seeing within their own fields.
Going for a Test Drive This Weekend? Make It Count
July 23rd 2010Although that 10-minute spin around the neighborhood is supposed to tell you whether a car you're considering buying is right for you, it rarely does. This guide will help you make sure the time you spend on a test drive isn't totally wasted.
iPhone Eclipses Blackberry as Physician's Top Choice, Survey Shows
July 23rd 2010Nearly half of doctors surveyed showed a clear preference for using the iPhone over the Blackberry to manage personal and practice business, and access medical information, according to a new survey of smartphone use by physicians.
Insurer Doctor Ratings and Physican Income
July 22nd 2010Doctors need to start thinking seriously about insurance company ratings and rankings, as our incomes and status will increasingly become hostage to them. History shows that attempting to bring incentives to bear on physicians to reduce costs or improve care often carries a high risk of backfiring.
A Taxing Question: An "Alternative Investment" or Just a Hobby?
July 22nd 2010Many wealthy investors are turning to rare and collectible items, such as art, race cars and race horses, to protect their wealth from financial market fluctuations. But what you consider an investment may be seen as just a hobby by the IRS -- and that can have serious tax consequences.
Harvard Imposes Stricter Pay Rules on Doctors
July 21st 2010Harvard Medical School imposed strict new rules for physicians on staff that include restrictions on gifts, travel and meals, speaker fees, and income from board memberships. Is there any way Harvard doctors can earn money on the side? Turns out, there's more than just a bit of wiggle room in the rules.
Investors More Satisfied With Advisors, But Skeptical of Firms
July 20th 2010Edward Jones and RBC Wealth Management are tops in investor satisfaction, according to the latest J.D. Power and Associates survey. Overall, investors were more satisfied with their investment advisors, but increasingly feel like investment firms are more interested in profits than customer service.
Moving Averages: A Promising Tool in a Volatile Market
July 20th 2010These days, stock market watchers are in search of two types of crosses: the death cross and the golden cross -- Wall Street jargon for indicators in the stock market that suggest its direction, up or down. This type of sign is especially important in a volatile market such as the one we're in now.
The Tradeoffs Between Academic and Private Practice
July 19th 2010With managed care and the rising cost of running a medical practice continuing to eat away at physician incomes, it would be easy to assume that the gap between compensation in academic practices versus private practices would have narrowed. That assumption would be wrong. A recent survey shows compensation in academic practices continues to lag that of private practices.
Three Tax Tips Doctors Don't Want to Miss
July 19th 2010Putting a tax strategy in place is essential for physicians given the massive federal deficits and an administration determined to repeal the Bush era tax cuts. Three specific tax strategies pertinent to doctors include redeeming stock in a medical practice, Roth IRA conversions, and charitable remainder trusts.
How Can I Stop Shady Salespeople from Calling Me at Home?
July 19th 2010A reader wants to know how he can stop shady-sounding brokers and fundraisers from contacting him at home. Doctors are often targeted by this kind of fraud, because they are entrepreneurial, self-reliant, and -- most important -- affluent.
Forbes Rates the "Worst Paying Jobs for Doctors"
July 17th 2010Forbes magazine counts down the "Worst Paying Jobs for Doctors" this week, and for many physicians in training the numbers are disquieting. The No. 1 worst-paying doctor job? No surprise here: Family practice, where physicians earned an average of $175,000 last year.
Old Spice Guy? Meet Brigham Young
July 16th 2010"Old Spice Guy," the mother of all viral media ad campaigns, has already sparked imitators, including a very clever -- and equally funny -- parody by student employees and video staff at Brigham Young University that uses humor to urge students to use the library.
Health Plans to Provide Free Preventive Care
July 16th 2010Under new federal rules, copays, deductibles, and coinsurance payments will be eliminated preventive care, such as immunizations, blood pressure, diabetes, and cholesterol tests, certain cancer screenings, and counseling services for smoking, alcohol, depression, and obesity.
Investor Edge: GSK's Avandia "As Good as Dead" and Vivus Shares Go on a Crash Diet
July 16th 2010The FDA panel ruling on Avandia captured headlines and weighed on shares GlaxoSmithKline this week, but a more decisive panel ruling on Vivus's obesity drug Qnexa more than halved its stock price. Next up: The FDA weighs Arena Pharmaceuticals lorcaserin.
The Danger of Our "Crisis Culture"
July 14th 2010We live in a "crisis culture" -- the financial crisis, the energy crisis, the subprime-mortgage crisis. By calling every upheaval a crisis, the word gets watered down to the point of meaninglessness. Here's a real impending crisis: The primary care crisis. The profession of primary care physician in this country is dying. Fast. Physicians must find a leader who can articulate the serious repercussions of a growing primary care shortage. Otherwise, it will simply become the next crisis of the times.