Financial Management

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.

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.

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.

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.

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.

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

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.

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

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

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.