Practice Finance

Oct. 14, 2014, is the compliance date for ICD-10. That looming deadline has many physicians anxious about the amount of training that will be required. In the Medical Economics webinar, “ICD-10 Expert Views on Preparation,” three panelists discussed some of the major implementation concerns for physicians and offered advice to help them get started.

About one in five Americans will become disabled for 1 year or more before age 65, with the average disability lasting 30 months. Long-term disability policies can provide you with income if you are injured or become ill.

You might think that a limited liability company (LLC) will just help provide tax benefits. Discover the other benefits that LLCs can provide.

A new report shows that median first-year guaranteed compensation for primary care physicians rose about 3% last year to $180,000.

For physicians who are searching for a new position, whether it's in a hospital or private practice, the long list of things to consider can be overwhelming.

Paying for children’s education is one of the two major financial hurdles most physicians face. With college getting ever more expensive, it’s important to start accumulating a college nest egg as early as possible.

There's only problem with CNN"s recent attention-grabbing article on physician practice bankruptcies: We have no idea if its basic premise is even true.

For a long time, buying real estate was a solid investment and even a potential way to fund retirement. Here's why you need to be careful with how you invest.

It may seem like tax laws are just there to take your money, but some recent legislation offers a way to pay less taxes when withdrawing from 401(k)s. Find out how.

When renewing your lease or searching for new space, here's a strategy so you don't spend time or money unnecessarily.

Do you have a job opportunity that will be taking you overseas? Here's how you can reap some tax benefits.

With the price of gold seeming to go up exponentially every day, it may seem like a solid investment. Discover how it can be, when invested in prudently.

Hospitals around the country have been buying up independent medical practices at a dizzying rate. Because this acquisition trend directly affects your financial well-being, it’s crucial to understand the forces driving it.

Although the fiscal cliff was avoided, most Americans will see their taxes increase this year. Find out how you can keep your taxes from being too burdensome.

Tax writeoffs can help alleviate your tax burden, but be careful. Discover what you can write off and what might cause an audit.

You can't avoid taxes when it comes to practice buy-ins, but you can ensure that you don't overpay. Here's how.

A day may come when you can't pay your taxes in full. Learn how to avoid paying costly penalties.

After you file your taxes, your tax saving possibilities don't end. Discover how you can continue to save.

Your travel expenses to out-of-town conferences can be deducted. Find out the way to correctly claim them.

Hospitals are buying up practices at a rapid rate. See how this trend could negatively affect salary.

Have you been hearing rumors that the government is going to seize retirement savings? Well, you shouldn't believe every thing you hear.

You're bus,y and finding a good accountant might seem like something that you can put off until tomorrow. Here's why it's worth your time.

Lower reimbursements and maintaining a healthy balance between their work and personal lives are the top challenges facing primary care physicians (PCPs) today, according to a recent survey.

Are you looking into saving for your children's college education? Here's why you should look into your state's 529 plan.

As a doctor, you will get many offers for financial advice. See what you should know before deciding on an adviser.

The word inheritance can mean many things to different people. Find out how you can ensure that your inheritance is well-used.

These three principles may help you put in place a tax minimization plan.

Asking the right questions about portfolio fundamentals could help you retire 3 years earlier.

It might be wise to have a plan to accelerate taxable income as well as one to defer income, given today's tax uncertainties.

Consolidation, cooperation, and planning for the worst are three strategies to consider implementing in light of economic uncertainties facing physicians.