HCPLive Network
  • States with the Highest, Lowest Physician Pay
  • America's Richest Doctors
  • Fitness and Personal Health Apps Could Pose Privacy Nightmare
  • Your Financial Psychology Determines Your Financial Success
  • 6 Ways Current Healthcare Spending Measurements Unfairly Penalize Physicians
PERSONAL FINANCE
Most people don’t realize how closely emotions affect financial spending, which can lead to poor decisions and overspending. But knowing potential triggers can help you overcome them in the future.
Some money conversations are easy to discuss, but people find these ones particularly difficult, according to a survey from Northwestern Mutual.
INVESTING
If there is one lesson investors learn, it should be to avoid being bearish for too long. Otherwise, you miss out on some incredible investment runs on Wall Street.
While private investments in early-stage companies have the potential for significant upside, they also carry significant risks. If adequate documentation is not available, proceed cautiously, if at all.
RETIREMENT/PLANNING
As doctors enter their 50s and 60s, many start dreaming about retirement; unfortunately, properly planning for retirement requires as much time and effort as planning a career.
Financial planning for retirement has always been a heavy burden for workers, but these 7 tips can make the process much less daunting.
PRACTICE MANAGEMENT
Simply shifting from manual to electronic transactions for just 6 processes could save physicians and other healthcare providers billions of dollars.
Healthcare practices continue to suffer from embezzlement problems. While there is no such thing as a perfect system to prevent embezzlers, there are ways to deter them.
LIFESTYLE
There's one important thing to remember about Helsinki while planning for a trip: it's expensive. However, there is a lot to see and do.
Currently, fitness data gathered and stored by wearable fitness trackers, can potentially be sold to third parties, like employers, insurance providers, and other companies, without the users’ knowledge or consent.
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COLUMNS
Ed Rabinowitz
Every individual needs regular physical health check ups. Likewise, physicians and medical practices need to consider financial health check ups. To accomplish the latter, the Financial Health Check Up column provides physicians with pertinent, useful news and information from both a personal and practice management perspective. You can contact Ed Rabinowitz with column ideas or information you'd like to share at edwardr@frontiernet.net.
Jeff Brown, MD
Jeff Brown, MD, is a Board Certified Family Practitioner, currently specializing in geriatrics as a Medical Director, and is also a consultant for the California Medical Board .
Jon C. Ylinen
Jon C. Ylinen specializes in comprehensive financial services with strategies specific to the unique financial circumstances that doctors consistently face, including debt and risk management; asset protection strategies; investments; retirement preparation; tax-efficient investment options; and estate planning.
Ask the Expert
Financial Future
What do you expect your financial situation to be a year from now?
Money Arguments
Have you ever argued with someone about money?
Student Loans
How long did it take you to pay off your student loans?
Private Practice
Do you think the reported death of private practice has been exaggerated?
Obamacare
Do you think ACA's online marketplaces will succeed or fail?
Money
Do you think you're a frugal person?
2013 Summer Vacation
How much are you planning to spend on vacation this summer?
Twitter Advice
Have you ever given medical or financial advice on Twitter?
Pickpocket
Have you ever fallen victim to pickpockets while on vacation?
Tourists
Do you think your fellow countryman and women are poorly behaved tourists?
Student Loans
Do you have any regrets about how you financed your/your child's college education?
May
Do you subscribe to the investing theory to "Sell in May and go away"?
Specialty
What is your specialty?
Money
Do money discussions make you uncomfortable?
Practice Business
Who handles the business side of your practice?
Gold
Do you think gold's price has recovered from recent volatility or will it fall again?
Deposition
Have you ever been deposed as an expert before?
Payroll Tax
Have you felt the effect of January's payroll tax increase?
Scam
Have you ever fallen victim to a financial scam?
Cost of Living
Would you be willing to move to another state if it meant a cheaper cost of living?
Social Media
Do you use social media to interact with patients/clients/consumers?
Retirement Savings
What’s your biggest retirement financial concern?
Tax Refund
How will you be using your tax refund this year?
Finance Crisis
It has been five years since the financial crisis. Do you feel more or less financially prepared as a result of the crisis?
Burnout
Are you feeling burned out?
Real Estate
Would you invest in real estate right now?
Job Satisfaction
What do you consider to be the largest factor for your job satisfaction?
Turnover
Have you noticed an increase in physician turnover where you work?
Intervention
Should our political leaders intervene in citizens' health with things like soda taxes?
Audit
Have you ever been audited?
EHR/EMR
How satisfied are you with your EMR/EHR?
Malpractice
Have you been involved in medical malpractice litigation?
Sequestration
Sequestration took effect on Friday; were you surprised Congress wasn't able to make another last-minute deal?
Tax Cheating
Is it acceptable to cheat on your taxes?
EHR Productivity
How long after launching an EHR did it take for your practice to return to full productivity?
Networking
Are you comfortable networking and promoting yourself?
Sequestration
Do you think Congress will prevent the across-the-board budget cuts when it's back in session?
Emergency funds
Do you have sufficient emergency funds?
Tax Refund 2013
Will you be receiving a tax refund this year?
Sunshine Act
How well do you know and understand the Sunshine Act?
Money and Relationships
Do you and your significant other discuss finances often?
Super Bowl
Will you be betting on the Super Bowl this weekend?
Stocks
U.S. stocks recently passed five-year highs; what are your expectations for the rest of 2013?
Diagnosis
Have you had any experience with overdiagnosis or misdiagnosis?
Back Taxes
Do you have any back taxes to file?
Online Reviews
Do you check online physician reviews from patients?
ACO
What has been your experience with Accountable Care Organizations?
Tax Prep
Have you started thinking about your taxes?
Resolutions
Did you make any New Year's resolutions?
Fiscal Cliff Legislation
Are you happy with the legislation Congress passed to avert the fiscal cliff?
2012 recap
Was 2012 a good year for you financially?
Markets 2013
What are your expectations for the stock market in 2013?
Investing
Would you ever in invest in penny stocks?
Marketing
Do you blog as part of your marketing plan?
Medicare/Medicaid
Will you still accept Medicare and Medicaid patients in 2013?
Work-Life
How well are you managing work-life balance?
Retiring
Are you considering retiring abroad?
Fiscal Cliff Coverage
How closely are you following the fiscal cliff story?
E-Prescribing
How often do you e-prescribe?
End of Year 2012
Have you made all your tax-planning and investment moves for the end of 2012 yet?
Holiday Shopping 2012
Do you go shopping on Black Friday or Cyber Monday for holiday gifts?
SGR 2013
What's the fate of the expected 27% Medicare reimbursement cut?
Fiscal Cliff
Do you think Congress will avert the fiscal cliff by the end of 2012?
Stocks React to Election
How will the stock market react in the week following the election?
Election 2012
Is your mind already made up about the presidential election?
Tax Climate
How is the business tax climate where you live?
V.P. Debate 2012
What did you think of the V.P. debate last week?
Presidential Debate 2012
How do you think President Obama’s poor debate performance will affect the election?
Abbott Laboratories
Should Abbott's Richard Gonzalez get a free pass on the lie about his college degrees considering his 30-plus years of work experience at Abbott?
Retirement Savings
How confident are you that you're currently saving enough to live comfortably during retirement?
QE3
Are you happy with the Fed's third round of quantitative easing?
Stocks and Election
The conventions are over and we're into election season. How do you think the stock market will behave until Nov. 7?
Costs
Have you seen cost of services go up as independent practices are acquired by hospitals and hospital systems?
Mobile EHR
Would you like to be able to access an EHR from your mobile device?
Investing
Would you invest in real estate right now?