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The Power of CompoundingAlbert Einstein called compounding the eighth wonder of the world. It's a simple investment strategy that works best when you forget about it altogether.
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3 Insurance Picks for the Coming Rate HikeWith a rate hike getting closer, yields are likely to spike again. Insurers will clearly gain from this and they have experienced a good year til now. This is why these 3 stocks would make prudent portfolio addition.
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Amsterdam's Charming Historic HotelsA city steeped in history, Amsterdam's many hotels give visitors a taste of the city's rich past, such as properties housed in former monasteries or former schools.
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Empowering NPs to Strengthen Physician PracticesA key resource for addressing physician shortages, improving efficiency in primary care and ultimately increasing access to health care for many more patients lies with the nurse practitioner role.
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Protect Your Practice from Fraud and EmbezzlementMedical practices are highly susceptible to fraud and embezzlement, but the following processes may assist in safeguarding your practice assets and preventing potential theft.
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Leveraging Business Transaction Performance in Patient Data Transmissions: A StudyWith the quick progression of EMRs and RCMs, healthcare databases have become large, complex networks of electronic information. Ensuring data reaches its destination in a timely and accurate manner can be critical for the well-being of patients.
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An Action Plan for Plugging Profit "Leaks" in Your PracticeOn Jan. 5, 2012, CNNMoney published an article, "Doctors going broke," which quoted Marc Lion on profit leaks. Here is a republished article from August 2010, that Lion wrote for PMD on plugging profit leaks in your practice.
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Are You Really HIPAA/HITECH Compliant?With all the new electronic devices in your office, can you truly say that you are HIPAA/HITECH compliant? Will your security features and controls actually prevent the breach of personal health information?
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Obama's Healthcare Reform SpeechJeff Brown weighs in on President Obama's speech before Congress yesterday evening, and discusses what he feels are the four most pressing issues in today's renewed healthcare debate.
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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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Achieving financial success as a physician: Mastering 5 money activitiesAlmost nobody is naturally good at all five of the lifetime money activities
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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.
