Business is The Best Medicine
Personal Finance Blog for Medical Professionals
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An Emergency Physician’s Guide to Working for the Devil
The article explores the contentious relationship between Emergency Room doctors and Contract Management Groups (CMGs), diving into the ethical implications of working for these entities. With a candid examination of the history and practices of CMGs, the author challenges the notion of small democratic groups as the only ethical option and offers five essential rules for navigating the complexities of employment under CMGs. Through personal anecdotes and insightful analysis, the article sheds light on the nuances of this contentious issue, empowering doctors to make informed decisions while preserving their integrity in the ever-evolving landscape of modern medicine.
Understanding the Flow of Money if You Have a Legal Entity as a Physician
Dr. Slater’s guide navigates the financial maze for independent contractor physicians, offering clarity on managing income, taxes, and savings. Using Mary Smith as an example, the post outlines a strategic approach, ensuring she allocates funds for retirement, taxes, student loans, and investments. By breaking down the money flow and providing practical steps, Dr. Slater empowers physicians like Mary to make informed financial decisions as they transition into their careers.
Quick Tips For Success As A New Graduate APP
Heather’s article offers a deeply personal reflection on the transition from student to medical professional, weaving together anecdotes, advice, and philosophical insights. Through a blend of sports mentality, work ethic, and ethical considerations, she guides readers through the nuances of confidence, hard work, relationship-building, and integrity in the medical field. With a heartfelt approach, Heather invites readers to embrace the transient beauty of their journey while navigating the complexities of their early careers, fostering a community of shared experiences and growth in the realm of healthcare.
Pros to Broad Specialty as New Graduate Advanced Practice Provider
In “Starting Your Career in a Broad Specialty: A Guide for New Practicing Providers,” Heather illuminates the crucial decision-making process for healthcare professionals entering the workforce. Delving into the advantages of commencing one’s journey in fields like Urgent Care, Emergency Medicine, or Family Medicine, Heather offers invaluable insights into patient diversity, skill versatility, and entrepreneurial opportunities. With a thoughtful exploration of contrasting perspectives between broad and specialized fields, this guide serves as a beacon for new practitioners navigating the transformative transition into their professional careers.
12 Money Tips for New Residency Graduates And 1 To Avoid
In “Navigating the ER: A Physician’s Guide to Contract Management Groups,” Dr. Slater delves into the intricate dynamics between Emergency Room doctors and Contract Management Groups (CMGs), unraveling the ethical complexities of this relationship. With practical insights and personal anecdotes, the article offers indispensable guidance for physicians grappling with the transition from traditional employment models to the challenges posed by CMGs, empowering them to navigate this evolving landscape while upholding their professional integrity.
Why Teach Medical Professionals About Personal Finance?
Dr. Slater outlines the pathway to financial independence (FI) for medical professionals, emphasizing the importance of personal finance education despite their advantageous position. While doctors benefit from high salaries and intelligence, they face unique challenges such as late starts and high student loan debt. By understanding the basics of FI and embracing financial responsibility, healthcare providers can achieve freedom, security, and optionality, allowing them to advocate effectively for their patients and profession while gaining control over their lives and careers.
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Journey to Striving for Personal Growth Over Perfectionism
In this deeply personal narrative, Heather takes readers on her journey from perfectionism to progress, navigating the complexities of competitive sports, entrepreneurship, and marriage. With candid introspection, she reveals the pitfalls of her relentless pursuit of flawlessness, offering valuable insights into embracing imperfections, fostering personal growth, and finding balance in the chaos of life. Join Heather as she shares her quest for happiness, leadership excellence, and entrepreneurial success, promising an authentic and relatable account of her ongoing pursuit of fulfillment.
Acknowledgment That I Did Not Get Here Alone
In Dr. Slater’s reflective piece, he candidly explores the pitfalls of success and the importance of acknowledging the role of luck and privilege in his achievements. From his mother’s guidance to the fortunate timing of career opportunities and investments, Slater’s narrative urges readers to embrace humility in the face of personal and professional triumphs.
The Financial Vital’s Checklist: What To Do With Your Next Dollar
At BBM, we believe the Financial Vitals Checklist is a blueprint to construct your financial life. Read these 5 stages, 10 steps to set yourself up for success.
Introduction To The Financial Vitals Checklist: A Wealth Building Tool
Read the introduction to the Financial Vital’s Checklist: the wealth building tool recommended by BBM.
FINCON For Beginners: Tips for Navigating Your First Conference
Have you ever started a new venture and found an unexpected community that propelled your success? Heather recounts her journey into blogging and how attending FINCON, a premier conference for personal finance content creators, provided invaluable insights and connections. Discover how this vibrant community transformed her approach to digital marketing and content creation.
Au Pair: French For Inexpensive Childcare?
As an E.R. physician with a demanding schedule, Dr. Slater understands the challenges of finding flexible and affordable childcare. In this insightful article, he explores the benefits and considerations of hosting an au pair through the U.S. au pair program, drawing from personal experience to offer a compelling alternative to traditional childcare options. If you’re struggling with irregular work hours and seeking a cost-effective, culturally enriching childcare solution, this article is a must-read.
Invest in Real Estate: How I Started and Where I’m Headed
In this compelling journey from medicine to real estate, Heather reveals how she and her husband transformed a $20,000 investment into a thriving wholesaling business. Discover the challenges, strategies, and triumphs that shaped their path to financial freedom and long-term wealth creation.
Why Is Disability Insurance Important for Medical Professionals?
Disability insurance is the cornerstone of financial security for new medical professionals, safeguarding your ability to earn and sustain your future. This article underscores why it’s essential to obtain coverage early in your career, sharing real-life stories of how unexpected disabilities impacted two healthcare providers and emphasizing the crucial details of different insurance policies. Discover how to protect your greatest asset—your ability to work and earn—before it’s too late.
The Corporate Practice of Medicine Takeover
In the battle between healthcare and corporate interests, the corporate practice of medicine (CPOM) is reshaping the landscape of patient care. This eye-opening article exposes how private equity firms are influencing medical practice, raising critical questions about the future of physician autonomy and patient well-being. Join us as we delve into the impact of CPOM and explore strategies for reclaiming control in the face of corporate dominance.
Neill Slater MD, MBA
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Heather Zamarron PA-C
Author
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