More on Healthcare Business
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Financial Survey: Is your net worth keeping pace?
Thanks in large part to the recent housing boom, doctors' median net worth has grown over the past four years—from $700,000 in 2000 to $821,000 in 2004, according to Medical Economics' latest Financial Survey.
Not surprisingly, doctors, like many Americans, are feeling more chipper about their financial outlook than they did in 2000—the last time we took an in-depth looks at physicians' personal finances. That year the market was grim, and only 37 percent of survey respondents said their situation seemed to be improving. In this year's survey, 51 percent think things are looking up.
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For this IPA, P4P pays off
A raise of 4 percent barely beats inflation, but if you're a primary care physician, you'd probably take it. That's what the 300 Denver physicians of MedSouth IPA received after posting good grades in June 2004, in a pay-for-performance contract with Anthem Blue Cross and Blue Shield of Colorado. Free to negotiate collectively, this Denver group hits its targets thanks to newfangled technology and old-fashioned nagging.
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Selling our practice: A real roller-coaster ride
The process isn't for the faint of heart, the authors discovered. Two doctors are confronted with the complexities of selling their practice.
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You can get home in time for dinner
Nitty-gritty advice on how to make your day more efficient.
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Medicare's drug coverage: Get ready for questions
By educating yourself, you can help answer your patients' questions—and there are bound to be lots of them.
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Malpractice Consult: Disclose Your Malpractice History
Q: One of my colleagues says that informed consent requires me to tell patients how many times I've been sued. Do I really have to disclose that, and the number of judgments or settlements paid on my behalf?
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Medication errors: An mg of prevention
Malpractice Consult
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Malpractice: Sued? Calm down!
Mouthing off about it can get you into more trouble than you're already in.
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10 ways to guarantee a lawsuit
Here's some good—but often forgotten—news about "the malpractice crisis": Most patients who suffer an injury as a result of medical negligence don't end up suing their doctors. Those who do, however, are often motivated not by the negligence itself, but by nonclinical factors like a lousy bedside manner or poor communication. These are the kinds of mistakes that are well within your power to fix. Here's how to prevent the nonclinical errors that get doctors in legal trouble.
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Life Insurance: Term isn't always best
Yes, inexpensive term insurance is the answer for many doctors. But not for everyone.
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The lowdown on credit scores
The impact your credit score has on your life can be tremendous. Here's what to do to make sure your score is as high as possible.
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Financial Survey: Retirement plans are lagging
Physicians need to boost growth if they want to live the good life after practice ends. See how your efforts stack up to your colleagues'.
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Financial Survey: Doctor investors bounce back
Doctors did better: Respondents to this year's survey reported a typical gain of 10 percent, or $30,000—quite impressive compared to the –2.1 percent for the market at large in the same time period—and nearly a quarter of the winners chalked up at least $100,000. Overall, 78 percent of doctors reported investment gains, while just 7 percent suffered a net loss. That compares to gains for just 35 percent and losses for 45 percent in our 2001 survey.
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