Building a Financially Healthy Physician Practice As changes continue to occur in the healthcare industry, physicians are taking a hard look at the numbers of a medical practice and gauging whether the year at hand will be economically successful. The ability to analyze the productivity of a … [Read more...]
Did you get sucked in to the Equifax data breach?
Odds are, you or someone you know were impacted by the Equifax data breach. The breach, which is estimated to have impacted 143 million Americans – nearly half the US population – is considered one of largest data breaches in history. Adding insult to financial injury, Equifax has put the onus on … [Read more...]
2014 Report on U.S. Physicians’ Financial Preparedness: Employed Physicians
A new, in-depth report from AMA Insurance shows that employed physicians — now comprising 59 percent of all American physicians — have their own set of personal financial challenges, in part due to their employment status. KEY FINDINGS INCLUDE: • Only 8 percent of employed physicians … [Read more...]
Discontinuance of long term care insurance?
To all of our clients and loved ones…Please read this carefully – a word from Sean Tinsley It has come to our attention that recent increases in the cost of medical care have risen to the point that the insurance industry can no longer make a profit selling long term care insurance. As of this … [Read more...]
Why every physician needs a good insurance agent and financial planner
Insurance agent(s) Insurance is your indispensible first line of defense against a variety of exposures from malpractice to data breach and even traditional life and health. In many cases these needs are served by two different agents, one who handles life insurance planning for the staff … [Read more...]
Could Your Family Benefit from a Family Limited Partnership?
Effective estate planning should address wealth transfer from a practical and cost-effective approach. One estate planning strategy that families with closely held businesses should consider is the family limited partnership. What Is a Family Limited Partnership? A family limited partnership is a … [Read more...]