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An unexpected turn

As a family physician with more than 20 years of experience in inpatient and outpatient medicine, the author sees part of his role as being an advocate for patients within "the system."

Reducing corporate taxes

Learn how to avoid or minimize corporate taxes if you sell your medical practice.

The transition from paper to electronic health records may be a challenge, but it is worth the effort, says David Blumenthal, MD, national coordinator for Health Information Technology, who spoke during the annual conference of the Medical Group Management Association in October.

Nearly 7 out of 10 practices are likely to limit the number of new Medicare patients they accept unless Congress halts upcoming Medicare reimbursement cuts set to take place on December 1 and January 1, according to survey results of the MGMA.

The physician committee that advises the Centers for Medicare and Medicaid Services on the valuation of physician work needs an outside group to ensure these rates fairly compensate all specialties, according to a letter to CMS from the American Academy of Family Physicians.

Calculating patient costs

Learn whether there is a standard formula to calculate how much it costs to see a patient in office.

Under increasing pressure from third-party payers and facing the uncertainty of healthcare reform, physicians have been able to find some comfort in stable, or, in some cases, declining medical liability premiums.

A growing number of Americans are buying long-term care insurance. Long-term care is a form of protection against the potential of a financial disaster resulting from an injury or from a long, debilitating illness.

The money used to run a practice is called working capital. Having positive working capital means your practice is able to pay off its short-term liabilities, such as payroll, supplies and rent.

Learn from a physician's personal experience as to how to inch toward retirement while still in practice.

Reverse mortgages

Know whether to consider a reverse mortgage if you need income.

The elimination of reimbursement for consultation codes has impacted physician revenue greatly, in some instances. Learn how to address this in your practice.

Although critical shortages of primary care physicians continue in Massachusetts, more doctors expressed satisfaction with their practice environment than dissatisfaction, according to a state society.