How much does it cost?  That’s the big, unknown question in healthcare.  The same medical procedures cost different amounts depending on too many variables.  Patients don’t know, doctors don’t know, no one knows.  Until the bill arrives in the mail. It’s an endless, frustrating system not found in any other industry. But help is appearing […]

The post Maybe the Crowd Can Finally Tell Us The Cost of a Mammogram first appeared on Physicians News.

MONDAY, Dec. 1, 2014 (HealthDay News) — Many physicians report that their personal income has not changed since last year, according to the results of the Physicians Practice 2014 Physicians Compensation Survey. Researchers surveyed 1,338 physicians, of whom 30.3 percent were in solo practices, 39.7 percent were in group practices with two to nine physicians, […]

The post Many Physicians Report Their Incomes Have Plateaued first appeared on Physicians News.

The post Docs Uneasy About Pay-for-Performance first appeared on Physicians News.

By David B. Mandell, JD, MBA and Andrew Taylor, CFP® As financial advisors to hundreds of physicians throughout the U.S. and lecturers to thousands more, we have seen a sharp increase in the last few years of questions about how investment firms, including ours, make money from their clients.  Physicians are not alone, as a […]

The post Is Your Advisor Working for You? Important Questions Might Give you the Answer (Part I) first appeared on Physicians News.

 By Terry Allman “Should I invest differently in an election year?” This is a question investment managers receive and typically respond to with a furrowed brow hovering over a confused stare.   A good investment manager might respond by quickly explaining that the question is irrelevant if you have a well thought-out investment plan designed to […]

The post The Presidential Election and Physician Investments first appeared on Physicians News.

By Kevin C. Leahy There are of course two sides to a physician’s retirement – the physician and the practice. The physician has to ensure that he or she is psychologically ready, not to mention financially prepared. The practice continues to have responsibilities to its patients, employees, and remaining physicians. There are many factors to […]

The post Transitions: How Physicians (and the Practice) Should Plan for Retirement first appeared on Physicians News.

By Matthew Brennan, CPC, RCC One large radiology practice found that their second largest Medicaid HMO was paying them at Medicaid rates instead of their contracted rates…for a couple of years. Total lost revenue was $150,000. Another physician practice found that medical necessity denials were simply being written off without any further review or communication […]

The post You Can’t Expect What You Don’t Inspect first appeared on Physicians News.

The post The Most Important Element of Your Financial Plan: Why Flexibility is Crucial to Meeting Long Term Goals (Part II) first appeared on Physicians News.

The post The Most Important Element of Your Financial Plan: Why Flexibility is Crucial to Meeting Long Term Goals (Part I) first appeared on Physicians News.

By JULIE APPLEBY When Anthem Blue Cross Blue Shield became embroiled in a contract dispute with Exeter Hospital in N.H. in 2010, its negotiators came to the table armed with a new weapon: public data showing the hospital was one of the most expensive in the state for some services. Local media covering the dispute […]

The post How Much Does An X-Ray Cost? Find Out In New Hampshire first appeared on Physicians News.