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Choosing the Right Retirement Plan for Your PracticeThere are a wide variety of retirement plan possibilities available to physicians, but many are not utilizing strategies that allow them to maximize their savings. Here are the best ways to maximize these wealth building/asset protection tools.
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Cyber Insurance Becomes Necessity for Physicians' OfficesGrowing data breaches make cyber insurance as indispensable as fire insurance for physicians.
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Reuters Names Top 15 Health SystemsHealth care reform stimulated increased improvement in health systems, but a concerning number surfaced about mortality rates after patients leave the hospital.
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Obama Administration Disallows Plans without Hospital CoveragePlans lacking substantial coverage of hospital and physician services do not qualify as "minimum value" coverage under the law and so do not shield employers from fines of $3,000 or more per worker, the Department of Health and Human Services said late Friday.
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How to Find Money Under Your Own RoofIf someone were to tell you there are thousands of dollars hidden somewhere in your building, would you look for it? Medical practices are prime candidates for a cost segregation study, which can save thousands in taxes.
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Key Benefits of a Physician LoanYou’ve worked hard, usually on little sleep, and now you’ve received your first employment offer outside of training. Now what?
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New Rules for Wireless Medical Device DevelopmentThe enormous growth of medical devices that use wireless telecommunications technology - and the corresponding need to accelerate testing of those products - have prompted regulators to take action.
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Is Tech Worth What the Markets Are Paying?Tech stocks are worth a lot of money, but some people are worried that it might just be the result of a bubble. Truth is, tech might be the best place to put your money right now.
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The Only Smartphone Apps You Will Ever Need to Hack Your Locum Tenens LifeAs a locum tenens physician, it's easy to lose track of documentation, schedules, and more as you travel from practice to practice filling in when that physician is absent, or when they are short-staffed. Here are some easy hacks to staying on track.
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Considerations for Selling a PracticeAfter physicians have evaluated their situation and determined that it is better to sell or merge their practice, the question becomes, "Now what?"
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3 Chemical Growth Stocks to Revitalize Your PortfolioThe chemical industry's upturn is expected to continue this year on an improving US economy, strong momentum in the automotive space, and continued healing across housing and commercial construction markets. Against that backdrop, these 3 stocks could make prudent investments.
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Sound Internal Controls are Vital to Your Practice's HealthThere is a shockingly high probability that your medical practice will become the victim of a theft by one of its own employees. But, with the right policies and measures in place, you can avoid it.
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Year-End Planning with the Latest ChangesThere are special tax challenges because of 2013 changes and the overturn of DOMA. Avoid tax penalties, plan for health insurance changes and capture new tax savings.
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Vaccination Is Great for Kids, but What about for Your Practice?The provision of comprehensive immunization programs for the US population is fraught with difficulties, particularly for the independent primary care/community physician.
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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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What Investments Are Working Now?In 2009, you could have bought just about any stock and it would have moved higher. Thanks to the huge bull market, growth stocks are no longer invincible.
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Are Your Finances Living on a Deserted Island?Physicians trained in the practice of medicine inherently understand the need for multidisciplinary expertise in their professional lives; yet, they often fail to realize this principle holds true in their personal and financial lives as well.
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Marvell Drives 'Telehealth' Revolution with Moby MED - Always-On Medical TabletMarvell, a worldwide leader in integrated silicon solutions, today announced a bold new healthcare initiative to drive high performance mobile tablets based on its leading silicon solutions.
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Why You Should Start a 529 College Savings Plan EarlySaving for college requires an organized, disciplined approach. A 529 plan is the best way to start saving for college as soon as you’re able.
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Should You Buy Critical Illness Insurance?Critical illness insurance can sometimes act more like a lottery ticket than serious insurance, so is it worth buying?
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Meaningful Use, Procrustes, and the Morton's Fork"Meaningful use," if used as a way to obtain federal incentive money is at best meaningless, at worst -- without numerous other initiatives -- it can disrupt your business. It seems to violate the dictum, "Do no harm."
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Planning for the Worst for Your Retirement PortfolioExperiencing a market downturn when you first begin to withdraw your retirement funds can have a dramatic negative effect over time on the value of your portfolio. As part of your overall financial plan you should "stress test" your portfolio before you retire.
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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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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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A Top Downloaded iPhone App Can Cause Patient HarmAn app that had been among Apple's top 10 paid claims it can monitor your blood pressure using only an iPhone. Can it really, though?
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Is Owning Practice Real Estate a Good Idea?Physician practices often find themselves in the real estate business by purchasing the building used by the practice. There are several benefits to owning real estate, but also some pitfalls.
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The Natural Gravity of the Stock MarketInterestingly, most investors don't really understand the natural gravity of stocks. In fact, they find every way possible to confuse matters.
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9 Reasons Physicians Underperform without an AdvisorThese traits are common behavioral characteristics that work against your investment returns, usually because you are too emotionally involved in the decision-making process.
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Physician Business Owner Lessons I Learned from My HorseAfter visiting a Colorado dude ranch recently, I couldn't help acknowledging the several business lessons I gained from my equestrian experience. And it was a very fun metaphor to work with!
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An Asset-Protection Plan for Young DoctorsBefore young doctors can begin building wealth, they need to protect a precious asset they already have -- the future value of their income. Here are two important tools you can use to get you started on the road to financial security.
