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The Most Common Professional Backgrounds of Healthcare ExecutivesThere are 40,000 members in the American College of Healthcare Executives, and their professional backgrounds vary from nursing, to information technology, to finance.
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Stop Playing Roulette with Your RetirementRelying on the stock market as your retirement investment tool of choice is a lot like using Las Vegas as your financial advisor. Here are some retirement investment options that are not contingent on stock-market performance.
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Same-Sex Marriage Ruling Raises Complex Financial IssuesThe Supreme Court's ruling to overturn the Defense of Marriage Act and California's Proposition 8 raises complex financial planning and tax questions with no clear answers for many same-sex couples.
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Where to Start with Employee Theft: Part IIAccusing an employee of embezzlement is not something to do lightly. There's a lot of research a practice should do before pointing fingers at anyone. However, once you do confirm that an employee has been stealing, you want to make sure you don't do anything to jeopardize a case that could mean getting your money back.
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How Disability Insurance Benefits PhysiciansThe decision to purchase individual disability insurance should be examined carefully with cost being only one determining factor.
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Where to Go? Try Our Favorite Travel DestinationsA reader hits up our travel columnists for advice on where to go when they travel. Here are their personal favorites -- and feel free to add some of your own suggestions in our comments section.
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Considering Both SidesRight now physicians are faced with much uncertainty, complexity and considerable pressure to change their ways. So how do you decide if private practice or hospital employment is right for you?
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Be Proactive Now to Survive in this EconomyIn this unprecedented economic environment, you have to make critical decisions and changes to keep your practice healthy. Your patients will always need you. Can you be there for them? How can you continue to provide your current level of care?
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Should Your Small or Solo Practice Join a Larger Group?Although there are many benefits to consolidation, there are a few factors you should consider before making that move - including your compensation.
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Top 10 Physician's Money Digest Stories of 2010Since Physician's Money Digest's online relaunch this year, we've covered the gamut of personal finance, financial-planning and practice-management news for physicians. So what were the biggest financial news stories of 2010 among our readers? Take a look.
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Put Your Retirement Plan on Steroids: What to do When a 401(k) Just Isn't EnoughWhether you work in a solo or group practice, you can turbo charge your retirement with a cash balance plan on top of your existing 401(k) plan.
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How To Say 'You're Fired!' Better Than Donald TrumpWhether you work in the medical profession or another industry, firing someone is one of the hardest things that a supervisor will ever have to do. And giving an employee the heave-ho due to performance issues is a particularly difficult task. It takes skill and savvy to avoid causing a scene, harming office morale and landing your practice in legal trouble.
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Enhance Your Email Security, Reliability, and ProfessionalismEver feel like every move you make on the Internet is watched? Or wonder why business rivals or clients use branded email addresses that promote their businesses, instead of free, web-based services?
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How Medical Practices Can Better Prepare Medical Professionals for a Secure RetirementMedical professionals commit their lives to improving the health and well-being of others and deserve a financially secure retirement.
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Home Buying Made Easy: Begin with the End in MindBuying a new home can be a stressful process, especially when you're on a time crunch. To help alleviate this self-made stress, consider a strategy that starts with how you want to end in mind.
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New Challenges to Physicians' Financial SecurityThe idea that physicians need to protect their assets from lawsuits is hardly new, but the rationale for the strategy has changed. Malpractice insurance policies are shrinking, plaintiffs' malpractice awards are growing. Never before has the medical profession been so vulnerable.
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Managing Good and Bad Investment RisksThe key to long-term success in the stock market is to avoid the risks that carry no expected payoff and embrace those that do. You still can harvest returns by taking the right kind of risk.
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Still a Long Way to Go for Practice FinancesWhile physician practices have made a lot of progress in managing costs, typically, the billing, collections and accounts receivable processes haven't changed much over the years. Here's how you can update these issues.
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Ask the Right Questions When Choosing a Financial AdvisorBefore you hire a financial advisor to help you with your financial planning and investments, give some thought to what you are really looking for.
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Keeping Vigilant for Investment FraudAt the SEC we used to say that if we found more than two doctors invested in any unregistered security, it was probably a fraud. Doctors are targeted that often.
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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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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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Useful App for Inexperienced PhysiciansLange's Common Symptom Guide is ported into a smartphone app with a search tool that can work around incorrect spelling and a "word of the day" type feature.
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Content Creation in the Age of COVID-19What we can learn from an epidemiologist’s rise to social media stardom.
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Determining Whether a Physician is Competent to Practice Medicine is ComplexRegardless of the stage of a physician’s career, he/she should remember the importance of learning new ways to practice medicine reaffirming the important current competence.
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How to Find Hidden Gems in This Uncertain MarketDespite shaky economic news, there are plenty of sectors and industries - or even other countries - that have been posting strong numbers to start 2014. As they say 'there is always a bull market somewhere' and that has proven to be the case this year too.
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Financial Planning Through a Client's Life StagesAre you protecting your financial future from its most significant risks? Are you investing your savings in a manner that is in line with your financial goals? Are taxes consuming more of your income than they should?
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Why Did Your Stock Underperform?It's best to not to determine success based on the daily swings of the market. To be profitable, you just need up days to outnumber the down - and that takes endurance.
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The Right Way to Enhance Your Portfolio's Global DiversificationInvesting in foreign companies is an effective way to diversify a portfolio, and today many of the most attractive growth opportunities are located outside the US.
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Curing Your Financial IllsPhysicians have traditionally relied upon their earning power to take care of their families, accumulate wealth and provide for their retirement, but lately their incomes have been decreasing. Here's a look at what life insurance can do to help.
