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Financial Management

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April 29, 2021
2 min read
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Protect your practice with sufficient cash reserves

ATLANTA – Bankers recommend that a business has 7% to 10% of 1 year’s revenue in cash reserves as an emergency fund, Mick Kling, OD, said during a MedPro360 presentation here at SECO.

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April 22, 2021
1 min read
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Top in hem/onc: Wealth management, cell therapy for diabetes

Top in hem/onc: Wealth management, cell therapy for diabetes

Experts said President Joe Biden plans to increase taxes on high-income taxpayers, but physicians can still benefit from two assets: real estate and permanent life insurance.

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April 20, 2021
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HF readmission rates rose from 2010 to 2017

HF readmission rates rose from 2010 to 2017

Despite the introduction of financial penalties for U.S. hospitals with high HF readmission rates, HF readmission rates rose from 2010 to 2017, according to a new analysis in Circulation: Heart Failure.

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April 14, 2021
4 min read
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Real estate, permanent life insurance provide tax benefits

Real estate, permanent life insurance provide tax benefits

In any year, most physicians would like to reduce their taxes. This goal may prove even more important in 2021, and beyond, as it is expected that Democratic control of Congress and the White House will result in new tax legislation.

News
April 12, 2021
5 min read
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Negotiate health plan contracts from a place of strength

Negotiate health plan contracts from a place of strength

In this issue, Jonathan D. Leffert, MD, talks with professional coder and medical auditor Heather Bettridge, BA, CPC, CPMA, about negotiating with health plans for your private medical practice.

News
March 18, 2021
1 min read
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Top in hem/onc: Biden’s tax proposals, updated lung cancer screening guidance

Top in hem/onc: Biden’s tax proposals, updated lung cancer screening guidance

The top story in hematology/oncology last week was a comprehensive review of what President Joe Biden’s tax proposals could mean for physicians.

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March 15, 2021
3 min read
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Medical trainees should enter workforce with plan for financial stability

Medical trainees should enter workforce with plan for financial stability

Living simply and cheaply in the first years after medical training can set young rheumatologists on the course for financial stability later in life, according to a speaker at the CSRO Fellows Conference.

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March 11, 2021
5 min read
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What physicians should know about Biden’s tax proposals

What physicians should know about Biden’s tax proposals

With the Democrats controlling both houses of Congress, there is a likelihood that President Joe Biden's tax proposals may pass this year.

News
February 11, 2021
4 min read
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Bitcoin may hold asset potential

Bitcoin may hold asset potential

Many millennial physicians have known about bitcoin and other cryptocurrencies for years.

News
January 14, 2021
4 min read
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Use exemptions to protect assets from future liability

Use exemptions to protect assets from future liability

In past articles, we introduced the concept of asset protection planning — implementing techniques to shield a physician’s personal and practice assets from potential future lawsuits and liability.

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