The Doctor's Guide to Owning a Financially Healthy Practice PDF Download
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Author: Wayne A. Label
Publisher: Trafford Publishing
ISBN: 1426938756
Category : Business & Economics
Languages : en
Pages : 195
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Book Description
Health care professionals who want to be successful don't turn over their accounting to a bookkeeper and forget about it. You must understand your finances and keep them in order to operate a profitable practice. Join Dr. Sarah with the Desert Medical Care Co., a fictitious firm, as she navigates the world of accounting to establish a successful practice. Enrich your professional and personal life with explorations of the following: - Generally Accepted Accounting Principles and how to abide by them; - The components of the balance sheet; - The transactions that affect the income statement; - The importance of cash flow your business; - The benefits of working with a certified public accountant; - The advantages of budgeting. Transactions become more complex and varied for Dr. Sarah as she expands her business. The foundation of it all, however, remains a basic understanding of accounting. Get the solid foundation you need and avoid the mistakes that could wreck everything you've worked so hard for in The Doctor's Guide to Owning a Financially Healthy Practice.
Author: Wayne A. Label
Publisher: Trafford Publishing
ISBN: 1426938756
Category : Business & Economics
Languages : en
Pages : 195
Get Book Here
Book Description
Health care professionals who want to be successful don't turn over their accounting to a bookkeeper and forget about it. You must understand your finances and keep them in order to operate a profitable practice. Join Dr. Sarah with the Desert Medical Care Co., a fictitious firm, as she navigates the world of accounting to establish a successful practice. Enrich your professional and personal life with explorations of the following: - Generally Accepted Accounting Principles and how to abide by them; - The components of the balance sheet; - The transactions that affect the income statement; - The importance of cash flow your business; - The benefits of working with a certified public accountant; - The advantages of budgeting. Transactions become more complex and varied for Dr. Sarah as she expands her business. The foundation of it all, however, remains a basic understanding of accounting. Get the solid foundation you need and avoid the mistakes that could wreck everything you've worked so hard for in The Doctor's Guide to Owning a Financially Healthy Practice.
Author: Robert E. Rainer MD
Publisher: iUniverse
ISBN: 0595630332
Category : Self-Help
Languages : en
Pages : 121
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Book Description
Although many physicians enter research or academia, the majority establish clinical practices. While doctors have healing skills, they often lack the business acumen to manage their practice. Dr. Robert Rainer fills that gap with a systematic approach to accumulating wealth while caring for yourself and for your patients. In a Doctors Guide to Wealth, Dr. Rainer assembles the fundamental disciplines of the mind, body, and spirit that lead to financial prosperity. Using clearly arrayed, step-by-step tactics, Dr. Rainer takes you on a journey from the rigors of medical school to the pinnacle of owning and operating a prosperous medical practice. You will methodically take control of your spiritual and physical being while pursuing a course to financial freedom. Dr. Rainer shares the intricacies of how he built a flourishing medical practice and of the decision-making process he used to develop a real estate portfolio valued in the double-digit millions. All of Dr. Rainers advice is built on the foundational principles of a healthy lifestyle. It outlines a path to wealth that improves your mind, body, and spirit. By following Dr. Rainers principles, youll guide your business to financial supremacy while cultivating physical health and spiritual enlightenment.
Author: Cory S. Fawcett
Publisher:
ISBN: 9781612061245
Category :
Languages : en
Pages :
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Book Description
Too many doctors are carrying perpetual debt and giving away a large chunk of each paycheck as interest to the bank. The Doctors Guide to Eliminating Debt can show you how to pay off debt faster than you imagined-including your house. Being in debt is not a default condition. Understand the real cost and that it's not too late to change the course of your financial life. Being debt-free is empowering, liberating, and invigorating, but most doctors don't realize they can do it without significant sacrifice. If you are feeling trapped by your financial obligations, realize there is a way out. In this book, you'll find what you need to know to: --Choose the best path if you are drowning in debt --Recognize biased financial advice --Pay off student loans and your house-faster than you expected --Balance spending, loan repayment, and investing --Make compound interest work for you, instead of against you --Retire sooner than you expected This second book in The Doctors Guide series shows you how to establish control of your money-and ultimately your life.
Author: Neil Baum
Publisher: Springer
ISBN: 3319110950
Category : Medical
Languages : en
Pages : 281
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Book Description
This text provides physicians with the basic business skills in order for them to become involved in the financial aspect of their practices. The text will help the physician decide what kind of practice they would like to join (i.e. private practice, small group practice, solo practice, hospital employment, large group practice, academic medicine, or institutional\government practice) as well as understand the basics of contracting, restrictive covenants and how to navigate the road to partnership. Additional topics covered include, monthly balance sheets, productivity, overhead costs and profits, trend analysis and benchmarking. Finally, the book provides advice on advisors that doctors will need to help with the business of their professional and personal lives. These include accountants, bankers, lawyers, insurance agents and other financial advisors. The Complete Business Guide for a Successful Medical Practice provides a roadmap for physicians to be not only good clinical doctors but also good businessmen and businesswomen. It will help doctors make a difference in the lives of their patients as well as sound financial decisions for their practice.
Author: Cory S. Fawcett
Publisher:
ISBN: 9781612062839
Category :
Languages : en
Pages : 0
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Book Description
Find the practice that's right for you--and negotiate your contract like a proAs you finish your training and begin looking for your first practice, finding the right job is your opportunity to start creating the life of your dreams. Starting Your Practice Right will show you what to look for in a practice, how to evaluate the critical details, and how to pick one that's right for you. You'll also learn how to negotiate a work and time-off balance so you can prevent burnout and have time for fun, family, and friends.This book is about more than the money--but how you choose to allocate your money early in your career directly impacts your future wealth and the age at which you can retire. Too many doctors are carrying perpetual debt and giving a large chunk of each paycheck to the bank.Begin your career with a plan for tackling the big stuff. This book maps the critical paths, and shows you how to:?Find the type of practice that suits you, in the right location?Negotiate your contract to get the pay and time off you deserve?Become the kind of doctor you want to be, with the right reputation?Pay off student loan debt easier than you thought possible?Protect your assets with the right insurance?Plan for retirement and understand the cost of procrastinating?Find the right financial and life balance for you and your family
Author: David A. Burd
Publisher: Createspace Independent Publishing Platform
ISBN: 9781541109377
Category :
Languages : en
Pages : 102
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Book Description
Young doctors starting practice today face a unique set of challenges. The typical physician has $185,000 of student loans. The relative priority given to debt paydown, lifestyle upgrades, and saving/investing will have a determinative effect on the financial arc of your future. The transition from residency or fellowship to full-time practice as an attending physician is the only time new doctors can substantially upgrade lifestyle, while also establishing powerful savings habits, placing themselves on the fast track toward financial independence. This book provides a basic course in practical financial literacy in less than 100 pages. It demonstrates why optimal financial sequencing of savings and debt paydown is so important. Getting a fast start toward walkaway wealth requires the right attitude, information, and strategy. This book is the best place to start.
Author: Neil Baum
Publisher: Springer Nature
ISBN: 3030277763
Category : Medical
Languages : en
Pages : 209
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Book Description
This book is intended to be a roadmap towards a successful practice for medical students, residents, fellows, and doctors. This roadmap focuses on how to build and manage a medical practice, and can be applied regardless if the reader is employed, joins a small group, or if they are a doctor who decides to start their own practice. Part I covers the basic business concepts that every physician needs to know. Chapters emphasize the benefits that accrue to a physician who understands the basics of business. Part II provides a guide for doctors who are beginning a medical practice. The chapters define the various options for doctors’ employment such as solo practice, group practice, and academic medicine. The section also includes the process of negotiating contracts, identifying the advisers who help physicians become successful, and secure within their field and practice. The final part emphasizes strategies on how to build and grow a successful practice by covering topics such as hiring staff, employee motivation, creating a brand, gaining recognition, online reputation and presence, crisis management, integrating new technology, and work/life balance. The Business Basics of Building and Managing a Healthcare Practice serves as a valuable resource that helps doctors make a difference in the lives of their patients, as well as help them make good financial decisions.
Author: Robert W. Katz
Publisher: Jones & Bartlett Learning
ISBN: 9780834205321
Category : Medicine
Languages : en
Pages : 196
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Book Description
A guidebook addressing the three major financial centers in every physician's life: the medical practice, the pension plan and personal finances. Listing cases and examples, the author addresses these three interrelated financial centers in a two-phase process how to conduct practice management review and then how to use this process to establish an ongoing system for successful total financial management.
Author: James M. Dahle
Publisher: White Coat Investor LLC the
ISBN: 9780991433100
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!
Author: David Edward Marcinko
Publisher: CRC Press
ISBN: 1482240289
Category : Business & Economics
Languages : en
Pages : 748
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Book Description
Drawing on the expertise of multi-degreed doctors, and multi-certified financial advisors, Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical PlannersTM will shape the industry landscape for the next generation as the current ecosystem strives to keep pace. Traditional generic products and sales-driven advice will yield to a new breed of deeply informed financial advisor or Certified Medical PlannerTM. The profession is set to be transformed by "cognitive-disruptors" that will significantly impact the $2.8 trillion healthcare marketplace for those financial consultants serving this challenging sector. There will be winners and losers. The text, which contains 24 chapters and champions healthcare providers while informing financial advisors, is divided into four sections compete with glossary of terms, CMPTM curriculum content, and related information sources. For ALL medical providers and financial industry practitioners For NEW medical providers and financial industry practitioners For MID-CAREER medical providers and financial industry practitioners For MATURE medical providers and financial industry practitioners Using an engaging style, the book is filled with authoritative guidance and healthcare-centered discussions, providing the tools and techniques to create a personalized financial plan using professional advice. Comprehensive coverage includes topics likes behavioral finance, modern portfolio theory, the capital asset pricing model, and arbitrage pricing theory; as well as insider insights on commercial real estate; high frequency trading platforms and robo-advisors; the Patriot and Sarbanes–Oxley Acts; hospital endowment fund management, ethical wills, giving, and legacy planning; and divorce and other special situations. The result is a codified "must-have" book, for all health industry participants, and those seeking advice from the growing cadre of financial consultants and Certified Medical PlannersTM who seek to "do well by doing good," dispensing granular physician-centric financial advice: Omnia pro medicus-clientis. RAISING THE BAR The informed voice of a new generation of fiduciary advisors for healthcare
