Health care is going to have a difficult year in 2014 because of ICD-10. But now is not the time to panic. Now is the time to hunker down and make sure your organization is running at optimal levels.
With physicians' incomes stagnant or falling, investment decisions are more important than ever.
The earlier one starts planning for retirement, the more prepared one should be not only financially, but also emotionally.
One of the cornerstones of maximum success is to think big to achieve your goals.
Seismic shifts in the medical industry have made marketing ever important for medical practices, especially with the proliferation of social media and other online advertising tools.
The warning signs of office deficiencies leading to profit leaks are numerous and common. Eight employees texting just 15 minutes a day can add up to profit loss of $9,000.
Some physicians make the mistake of assuming that by setting up a corporation, they are adequately shielding their personal assets from claims. Yet, as claims sometimes â€œpierce the corporate veilâ€ to seize personal assets, as lawyers say, this tends to be fallacious logic.
Many physicians find that new technology simply adds to their stress.
Although, physicians are by no means expected to be experts at reviewing employment contracts, they should be able to review and understand the common terms and provisions on their own.
Medical practices are looking for ways remain profitable in these uncertain times. Tax planning now can be a critical tool to help physicians weather the storm and meet their financial goals. Here are some things to consider.
If you're able to predict the activity of Congress and the decision-making logic of the Supreme Court then you're probably in good shape for developing a strategy to prepare for the Affordable Care Act. In the absence of such knowledge, you may at the least want to focus on the following:
Targeted primarily towards non-health care professionals, the My Health Checklist 2012 App provides information on preventive health and health maintenance.
Even though investors often try to reinvent the wheel, many of the most successful traders today have patterned their trading styles after those of the great traders of the past.
Most physicians only utilize traditional qualified plans, which are restrictive and burdensome, while completely ignoring the more flexible fringe benefit plans.
Life insurance is a necessary risk management tool, but insurance against any risk should be purchased only where a rational cost-benefit analysis can be conducted.
Both inflation and deflation are serious potential risks to your investment portfolio. Nonetheless, few physicians adequately understand these risks and properly hedge against them. For a variety of reasons, these risks may become even more pronounced.
If there is one lesson investors learn, it should be to avoid being bearish for too long. Otherwise, you miss out on some incredible investment runs on Wall Street.
The American Society of Health System Pharmacists recently reported a record number of drugs are in short supply. What is behind widespread drug shortages, and what can be done to remedy this critical problem?
Physicians perceive health reform as negative and not representative of their best interest, so it won't be easy to convince them that an ACO model will work best.
Buying a new car and financing the purchase beats leasing â€“ unless you plan to trade in your car after a few years. The longer you own your car, the more youâ€™ll save buying versus leasing.
Doctors' offices that adopt electronic health record systems but don't make additional changes in their practices to cut costs stand to lose money, according to a new study.
Physicians must undergo intense scrutiny to qualify to practice medicine. Doesn't it make sense for financial advisors to undergo similar scrutiny to figure out where their true interests lie? Here's how to do it.
Health care providers have until Sept. 23 to implement the changes put forth by the new HIPAA Omnibus Rule. Do you know how the new rules could affect your business?
The employer mandate delay will hurry the transition time away from employer-based health insurance to a single-payer system. If employers don't offer insurance, millions will have to use the insurance exchanges.
Gold got goosed 2 weeks in a row. Last week, it shot up $39 an ounce. That came on the heels of a $24 move the previous week. Could gold go higher from here?
Now that the Supreme Court has upheld the Patient Protection and Affordable Care Act passed by Congress in 2010, it's time to look at some of its provisions, specifically a Medicare surtax that will be levied on certain "higher-income" Americans.
Hypothetically, you just got a new job and youâ€™re wondering what to do with your 401k. Do you leave it where it is, or roll it over to your new employer? There are pros and cons for each, this expert says. The key is avoiding these five common mistakes that can prove costly.
Dollar bulls have hit a rocky patch. Buying the US currency has been the favored trade of currency investors since last year's taper tantrum, when the Federal Reserve said it would ease its bond-buying scheme as the economy showed signs of improvement.
Like the old Atari game "Pitfall," this market is full of traps that investors can easily fall into. With the S&P 500 and Dow Jones Industrial Average at all-time highs, the sleepy crawl upwards can lure investors into traps.