Medical Economics

Magazine has information and advice for physicians on how to manage their practices and current healthcare landscape.

Articles from Vol. 88, No. 21, November 1

Boosting Your Retirement Income
COMBINING A CASH BALANCE PENSION PLAN WITH A TRADITIONAL 401(K) CAN PRODUCE A COMFORTABLE NEST EGGSince the passage of the Pension Protection Act of 2006 (PPA ?6), the practice of adding a cash balance pension plan as a tax- deductible, wealth-building...
Create a Barrier between Your Family and Creditors
THESE FOUR STEPS CAN HELP YOU PROTECT ASSETS AND AVOID RISKSPerhaps no issue related to your financial life is as prominent as that of asset protection. Many physicians regularly subject themselves to the threat of malpractice lawsuits, simply because...
Decision-Making Requirements to Bill 99215
Q: There is no clear recognition of how one would assign an evaluation/ management (E/M) code for the visit wherein the patient has four or more chronic medical problems that the physician must manage or at least be aware of Recognizing that the coding...
Don't Wait to Save for Your Child's Education
BE SURE TO WEIGH THE MANY OPTIONS CAREFULLYIf you have been practicing for a number of years, with a good personal cash flow and adequate savings, you may be tempted to pay for your child's college education outright. Then again, you might want to reconsider.GIVINGYOUR...
Drafting a Quarterback for Your Financial Team
THE RIGHT ADVISER CAN LEAD YOU TOWARD YOUR GOALSComprehensive planning. Integrated wealth solutions. Disciplined holistic financial advisory services. Wealth management. What in the world does this mean? Many people claim to be experts in wealth management,...
First Things First
ONCE YOU KNOW WHY YOU ARE INVESTING, YOU WILL KNOW WHETHER AN ACTIVE OR PASSIVE STRATEGY IS RIGHT FOR YOUAs a physician, you always begin with the symptoms, not the treatment. Take a broken bone, for example. You view the damage and consider the underlying...
Getting Smart about Your Money
A recent survey published in Medical Economics provides hard evidence for what many of you have long felt, namely, that these are difficult times for many primary care physicians. In our 2011 exclusive earnings survey (www.MedicalEconomics.com/2011earnings),...
How to Find Disability Coverage That's Right for You
CONTRACTS CAN VARY WIDELY, DEPENDING ON HOW MUCH YOU WANT TO PAY AND HOW BENEFITS ARE STRUCTUREDThe purchase of a personal disability income (DI) insurance policy is not a life or death decision, but variations in contract provisions can result in significantly...
Latest Research
A summary of current clinical articles from that pile on your deskERECTILE DYSFUNCTIONErections improve with treatment of CVD riskfactorsArch Intern Med. Online before print. [September 12, 2011]Treating cardiovascular disease (CVD) risk factors with...
Making Charitable Giving Easier
DONOR-ADVISED FUNDS OFFER A SIMPLE, EFFICIENT WAY TO ENHANCE THE VALUE OF YOUR CONTRIBUTIONSA donor- advised fund (DAF) is a charitable donation fund offered by brokerages, community charitable foundations, service organizations, and universities. DAFs...
Money Management: Q&A
Consider getting: disability policy while in residencyQ: I'm finishing my residency and thinking about getting a disability insurance policy before beginning practice. How do I decide what company to go with and if the price is competitive?A: There is...
Practice Management: Q&A
Establish leave policiesQ: Is there any sort of standard for the amount of time an employee should be able to stay away from work after a pregnancy? The problem I've been having is that a couple employees took a longer amount of time away from work than...
Relief for High Anxiety over Low Interest Rates
SHIFT TO A CUSTOMIZED, MULTILEVEL ASSET MANAGEMENT APPROACH IN TODAY'S CHALLENGING MARKETPhysicians trying to manage their investments in the current marketplace are faced with a number of challenges brought on by historically low interest rates and...
Risk in Your Retirement Plan
HOW TO AVOID HIDDEN LIABILITIES AND EXCESSIVE FEES THAT COULD SIPHON MONEY AWAYUnderstandably, physicians around the country are examining their practices' retirement plans to protect themselves and their employees from another market downturn. Scrutinizing...
Study: Number of Physician Assistants Has Doubled in Past 10 Years
STAFFINGThe number of physician assistants (PAs) in the United States doubled in the past decade, despite the recent economic downturn, according to a new report. The report indicated also that primary care physicians remain the largest employers of...
Successfully Navigating the Medicare Enrollment Appeals Process
The Medicare enrollment process represents one of the federal government's primary lines of defense against health- care fraud. Although the process has existed in one form or another since Medicare's inception, in recent years it has now become a tool...
Talk Back
Write us at medec@advanstar.comDoctors should be paid for all-hours phone callsPaul Guillory, MD, tackled an issue that has long been an area of contention for me and my colleagues ("Adopt a smarter business model" [The Way I See It], August 25 issue)....
The Right Prescription for Your Future
THE INCOMEYOUR PORTFOLIO CAN GENERATE IS KEY FOR POST-CAREER COMFORT, SECURITYFew outsiders understand the pressures most physicians face. For many years, being a doctor was considered the ultimate profession and physicians' compensation reflected this...
Think Ahead When Selling Your Practice
HOW BUSINESS SUCCESSION PLANNING CAN HELP YOU GET TOP DOLLAREven if you're not ready to retire, ifs a good idea to plan for the day when you may want to either sell your solo practice or your partnership in a group practice. How you organize your affairs...
To Decide or Not to Decide?
NOT ALL PATIENTS EMBRACETHEIR NEW DECISION-MAKING ROLEI recently saw two patients in my primary care clinic, each with new- onset hypertension.The first, a middle-aged executive, brought printouts from the Internet and already had researched the ous...