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If Costly Care Is the Elephant in the Room, What's the Insurance Industry?Although new regulations governing the insurance industry will soon take effect, we still face rising costs and uneven quality of care.
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Take Advantage of Extended Tax DeductionUntil the end of 2011, medical practices can write off up to $500,000 of new equipment expenditures - on things like diagnostic instruments and EMR software - in a single tax year as opposed to multiple years.
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You Can Lose Assets in a Medical Malpractice Lawsuit - Part IIDon't fool yourself. If an attorney has the opportunity to attack unprotected assets in order to get a client paid in full, they will do so. Further, if they didn't pursue those assets, the attorney would then be liable for malpractice to the client.
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40 of the Most Powerful People in Health Care: Part 4A list of the 40 most powerful people in health care was released on January 5 by Becker's Orthopedic & Spine. The final members of the list includes HHS secretary Kathleen Sebelius; chairman and CEO of Johnson & Johnson William C. Weldon; and various heads of health systems.
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USPS Promotional Periods to Take Advantage of for Multimedia MarketingTaking a multimedia approach for your marketing can give you the opportunity to reach, and retain, a wider audience. Here’s how to make sure this approach doesn’t break your budget.
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ICD-10 Transition Advice: Do Not Panic!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.
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Investing in the Face of Earnings Potential UncertaintyWith physicians' incomes stagnant or falling, investment decisions are more important than ever.
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Planning for Retirement? Here's Your 10-Year TimelineThe earlier one starts planning for retirement, the more prepared one should be not only financially, but also emotionally.
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Goal Achievement for Your PracticeOne of the cornerstones of maximum success is to think big to achieve your goals.
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4 Proven Marketing Tips for DoctorsSeismic 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.
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Establishing Staff AccountabilityThe 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.
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3 Personal Asset Protection Tools for PhysiciansSome 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 “pierce the corporate veil†to seize personal assets, as lawyers say, this tends to be fallacious logic.
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How Can Physicians Spell Stress Relief? T-E-C-H-N-O-L-O-G-YMany physicians find that new technology simply adds to their stress.
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Common Provisions of Physician Employment ContractsAlthough, 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.
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Tax Planning Is More Complicated, and Necessary, Then EverMedical 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.
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Navigating the Affordable Care Act MinefieldsIf 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:
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App Contains Evidence-based Preventative Health Advice for PatientsTargeted primarily towards non-health care professionals, the My Health Checklist 2012 App provides information on preventive health and health maintenance.
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Trading NuggetsEven 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.
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Valuable Planning Tools You Haven't Heard OfMost physicians only utilize traditional qualified plans, which are restrictive and burdensome, while completely ignoring the more flexible fringe benefit plans.
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Life Insurance Policies That Don't Make Sense: Three ExamplesLife 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.
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Investment Strategy Needs to Factor Inflation ... and DeflationBoth 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.
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Don't Believe the BearsIf 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.
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What's Behind Big Pharma's Record Drug ShortagesThe 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?
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Key Strategies for Successful Physician Participation - Part IIPhysicians 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.
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Buying New Car Beats Leasing, With One Big ExceptionBuying a new car and financing the purchase beats leasing – unless you plan to trade in your car after a few years. The longer you own your car, the more you’ll save buying versus leasing.
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Study Finds Potential Risk in EHR AdoptionDoctors' 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.
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Does Your Financial Advisor Actually Work for You?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.
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Are You Prepared to Implement HIPAA Mega Rule Requirements?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?
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The Employer Mandate Delay: A Path to Single-PayerThe 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.
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Catch the Golden GooseGold 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?
