What If You Lose a Partner or Key Person?

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

This could happen to you: You are a successful physician in private practice, living your dream. You have a terrific bunch of partners, and a skilled and diligent office manager who keeps the whole practice humming along. But early one morning you get a call from distraught family member: There’s been an accident. Your key […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning physicians disability insurance Practice Management

Financial Tips for Young Doctors

Posted on: September 20, 2017 by Chuck Krugh, CFP

We’re always scouring the Web for good articles and studies about doctors and financial tips – and we were particularly pleased to come across this fine piece from Kevin Liu at KevinMD.com. Aiming his advice at young physicians who have just completed residency, or advanced fellowship training, and who are entering the attending physician phase […]

Posted in: Disability Insurance Doctor disability insurance Financial Planning healthcare Life Insurance Long Tem Care Insurance Medical Residents Money Management Physician Money Management physicians disability insurance Practice Management Retirement

Protecting the Small Medical Practice Against Disaster

Posted on: September 7, 2017 by Chuck Krugh, CFP

On top of the terrible human toll on individuals inflicted by disasters such as Hurricane Harvey – currently affecting millions in Texas and Louisiana – disasters take a terrible toll on small businesses as well: According to data from the Federal Emergency Management Agency (FEMA), some 40 percent of all small businesses shuttered by a […]

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

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 […]

Posted in: healthcare Medical Residents Practice Management stress management

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 […]

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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 […]

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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 […]

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