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Stay Ahead of an Impending Coding IssueAs the health care industry prepares for the new ICD-10 code set, physicians who see Medicare patients need to be aware of another important coding issue that can significantly affect their cash flow going forward.
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Is Your Practice a Good Fit for a Cash Balance Retirement Plan?Cash Balance plans can provide an alternative to your retirement savings plans for you and any employees in your practice. However, make sure your practice is the right fit for this plan before jumping in.
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The Bank of Mom and Dad Offers Great RatesWhen your child comes to you, hat in hand, asking for a bit of money...REJOICE! Lend away! And charge interest...you'll make money, the government won't hit you with taxes, and the inheritance can be put to work for them immediately.
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Year-End Tax-Saving Moves for Docs, PracticesContrary to traditional tax planning, maximizing taxable income in the current year may be optimal for many physicians since tax rates are set to increase at the beginning of 2013.
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10 Perfect Passive Income Ideas For PhysiciansAs physicians, wouldn't it be nice if we had additional sources of income?
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Social Security: 10 Things You Should Know To Maximize BenefitsFor most Americans, social security retirement benefits typically represent 30-60% of their retirement income and yet many recipients receive less money than they are entitled to.
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Back to the Basics of Patient-Centered CareAlternative models of primary care are emerging that simplify the administrative burden, allow physicians to practice medicine at the top of their license and shift the focus away from navigating increasingly complex insurance to patient-focused care.
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Profiting From Increasing Oil PricesThe high price of oil can, and most likely will, negatively affect your cost of living, but there is the opportunity to turn that lemon into lemonade with a strategic investment in oil production.
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Time in the Market: More Important than Timing the MarketDespite watching the market rise, the bigger issue with transitioning your portfolio to cash is that, when trying to time the markets, you must be right twice.
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A Succession Plan for Your PracticeThe entire health care industry is in the state of flux and a good number of medical practitioners are toying with an exit strategy. However, they have not crystallized their plans; here are some issues to address.
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Is Twitter Making the Stock Market Predictable?Past research has shown that stock market prices can't be predicted with more than 50% accuracy, but new research shows that analyzing Twitter feeds could help predict the direction of the Dow.
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Why the iPad Will Not Be Used for Healthcare ITSome health care IT industry heavyweights have gone so far as to suggest that the iPad will be greatly utilized in the healthcare setting and revolutionize the way we do business. While I do think the iPad is incredibly shiny and is great computer replacement for your grandma, I think it's a bit of an exaggeration to suggest that it will ever be fully adopted by healthcare IT shops.
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What Will the New Year Bring for Investors?We are just days away from closing the books on a very good year for the stock market. While the broad consensus is for the trend to continue in 2014, realities make it seem like next year will actually be tougher.
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Seven Keys to Profiting from an EMR SystemImplementing a full-featured EMR system can produce tangible benefits your practice -- provided you have a clear understanding of total costs. Here are seven keys to achieving long-term profitability with EMR.
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Retail Sales Surge in May: 3 Stocks to BuyRetail sales seemed to have shed off the first quarter gloom after extending gains into the third successive month. The auto sector, which accounts for around 20% of retail sales, was one of the main catalysts behind the surge. Here are 3 stocks to help you capitalize on the growth.
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Don't Give Up On International StocksFor the past four years, the US stock market has been up more than the international stock market. Here's what that means as far as your investments go.
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Time to Reevaluate Your Risk ManagementThe current dip in stocks is dangerous. Not because it's a long-term sign of things to come but because investors have forgotten all about downside risk.
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Avoiding Burnout in Medicine: Tips For SuccessThe practice of medicine has become increasingly stressful for all levels of healthcare providers.
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Making Sure Your Heirs Get What You IntendAre your affairs in order? David Robinson, a Certified Financial Planner and founder/CEO of RTS Private Wealth Management, offers suggestions for physicians to take into consideration when reviewing plans for their estate.
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Disability Insurance for Physicians: Does Your Coverage Measure Up?Long-term disability coverage is important for many occupations, but for physicians it’s particularly critical. Even a relatively minor accident or illness can interfere with their ability to practice medicine.
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Aggressive Anti-fraud Measures Put Rheumatologists under the SpotlightClaims-based analysis using powerful algorithms, predictive sampling by aggressive ZPICs, a focus on disguised kickbacks, prepayment reviews that effectively freeze billing, and other anti-fraud measures add up to a challenging regulatory environment for rheumatologists.
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Analysis of Privacy & Security in Meaningful Use RuleOn Wednesday, December 30th, HHS released its Interim Final Rule on Meaningful use. This rule is applicable to covered entities who chose to participate in the Medicare and Medicaid EHR Incentive Programs.
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Explosive Stocks Under $10Many investors screen out stocks under $10. That doesn't mean there aren't any good stocks below that price point, because there are.
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Do You Need a Living Trust?While not everyone needs a living trust, it is likely to be your best method of estate distribution if you fit any of these six categories: 1) You want your children to inherit from you; 2) Your estate is worth more than...
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Budgeting Your Practice During a Difficult EconomyThe pressure is on for the medical profession during this economic turmoil. Consolidation is occurring in many marketplaces, the threat of reimbursement reductions are on the horizon and costs of operating a medical practice continue to escalate for independent practices.
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A Battle Plan to Combat the Onslaught of Tax HikesThe nation's top earners are facing a juggernaut of new taxes and tax increases over the next few years. By making these strategic money moves now, doctors can shield some of their income from the assault.
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Is the Internet Giving Physicians Bad Financial Guidance?Do you rely on the internet for financial advice? Here are five examples of ways the internet may actually be giving physicians bad financial guidance.
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Study: Highest-Charging US Hospitals Are For-Profits, Concentrated In FloridaOf the 50 US hospitals with the highest charges, 49 are for-profit institutions, 20 operate in Florida, and half are owned by a single chain, according to a study published in the journal Health Affairs Monday.
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What's Fueling the Rally?Major U.S. indexes saw their best close since May Monday, boosted by upbeat economic data and bank earnings out of Europe. Increasing confidence in Europe's economy and financial system and easing concerns about China's economy are fueling the gains.
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Opportunity Zones Give Investors New Opportunities to Diversify, Cut Taxes, and ProfitAct by December 31 to get full tax benefits on a new program that could diversify your investing portfolio. Opportunity Zones.
