First Year Residents Face Grueling 28-Hour Shifts

Posted on: April 10, 2017 by Chuck Krugh, CFP

Med students, get ready for some grueling shifts.  Beginning July 1st, doctors in their first year of practice will be allowed to work shifts up to 24 hours long in direct patient care in hospitals all over the United States. The move lifts the 16-hour limit that has been in place since 2011. The change […]

Posted in: healthcare Medical News Medical Residents Practice Management stress management

Disability Among Medical Students Up To 9 Times Higher Than Previously Believed – And What It Means To Employers

Posted on: March 13, 2017 by Chuck Krugh, CFP

Recent research from the Journal of the American Medical Association (JAMA) indicates that there are far more people making it through medical school with disabilities than we imagined. Indeed, the number of students with disabilities of various sorts going through medical school may be as much as nine times what we believed previously. Researchers polled […]

Posted in: disability claims Financial Planning Medical News Medical Residents Practice Management

Beating Burnout

Posted on: February 10, 2017 by Chuck Krugh, CFP

Burnout is real – and it’s an increasingly common problem among doctors across the U.S. Physicians are being increasingly squeezed between tightening reimbursement rates, the demands of practice management, liability concerns, demanding schedules, regulatory burdens and the relentless onslaught of information. Patients can be difficult or uncooperative, or it could just be a matter of […]

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Top Trends in 2017 For Physicians to Watch

Posted on: January 23, 2017 by Chuck Krugh, CFP

2017 promises to be a volatile and challenging year for the health care industry as a whole. President-Elect Trump is likely to push Congress to make significant changes to the way health insurance is marketed and sold, and doctors are going to be in the middle of it. Smart physicians need to be very agile […]

Posted in: Disability Insurance Financial Planning healthcare Medical News Practice Management

Doctors Must Improve Cybersecurity

Posted on: December 15, 2016 by Chuck Krugh, CFP

If you’re a physician in private practice, computer security is a critical operation. Since all your patient records are by definition sensitive, personally identifiable information (PII), a data breach or compromise can potentially be very damaging to your patients – and send your practice on a fast track to bankruptcy. We recently learned that 500 […]

Posted in: medical identity theft Medical News Practice Management

Is Your Medical Specialty Among the Top Earners?

Posted on: June 14, 2016 by Chuck Krugh, CFP

Want to know what your fellow docs are getting paid? The 2016 Medscape Physician Compensation Report is out. Here are some of the key findings: The five specialties that are among the top earners are as follows: Orthopedics: $443,000 Cardiology: $410,000 Dermatology: $381,000 Gastroenterology: $380,000 Radiology: $375,000 … And here are the lowest-earning specialties, in […]

Posted in: Financial Planning Medical News Money Management Physician Money Management Practice Management

7 Student Loan Management Tips For Young Doctors

Posted on: April 19, 2016 by Chuck Krugh, CFP

Medical school pays off big for the vast majority of doctors who stay in medicine for their entire careers. But that doesn’t mean that medical school debt and student loan balances are fun. According to the New American Education Policy Program, the average medical school graduate begins his or her career with college debt in […]

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Study: Long Work Hours Triple Women’s Risk Of Life Threatening Chronic Illnesses

Posted on: January 24, 2016 by Chuck Krugh, CFP

Those of you in or recently out of residency will relate to this one: Long work hours over three decades or more significantly increase the incidence of severe, life threatening chronic diseases among women. That’s according to a recent study by Xiaoxi Yao, Ph.D., with the Center for the Science of Health Care Delivery at […]

Posted in: disability claims Disability Insurance Doctor disability insurance healthcare Medical News Practice Management stress management Uncategorized

Best States for Doctors

Posted on: June 11, 2015 by Chuck Krugh, CFP

How does your state rank when it comes to opportunities, risk and financial stability specifically for doctors? First of all, let’s think about the things that doctors tend to have in common: Doctors are entrepreneurial. They are either in private practice or would like to have a private practice someday. Many who are W-2 employees […]

Posted in: Financial Planning Medical News Physician Money Management Practice Management Retirement

What New Doctors Are Doing Wrong

Posted on: April 9, 2015 by Chuck Krugh, CFP

New doctors are prone to making mistakes – and not just medical mistakes. At least doctors acquire medical malpractice insurance to protect them against medical mistakes! In some ways, the worst mistakes young doctors make aren’t medical mistakes but financial ones. After all, you can buy medical malpractice insurance, but no one will insure you […]

Posted in: Financial Planning Money Management Physician Money Management Practice Management Retirement Uncategorized