In recent years, locum tenens placements have grown substantially due to the critical shortage of healthcare providers in the United States. Hospitals and clinics are increasingly turning to locum tenens physicians to fill the gaps in their staffing needs to maintain continuity of care and ensure patient access.
Continue reading Locum Tenens Contracts: What Doctors Need To Know
In a recent post, we discussed some issues that a physician or dentist should consider when purchasing a practice. However, for some doctors, purchasing an existing practice is not a feasible option. For others, they may want to start their own practice so they can have more flexibility in how the practice is operated and the types of procedures they perform. While building a practice from the ground up may, at times, seem like a herculean task, it can be accomplished and—if done right—can be a very satisfying endeavor. In this post, we will be taking a look at a non-exhaustive list of six items to consider in building your new practice.
Continue reading Six Ways To Build Your New Practice – Part One
Since the Supreme Court upheld the Affordable Care Act for the second time in three years, there has been a frenzy of attempted mergers and acquisitions by healthcare insurance companies. Today, we’re going to take a look at five of the largest health insurers, their various offers and bids for mergers and present it in an easy to follow guide. These insurers are Anthem Inc. (which includes some, but not all, of the Blue Cross/Blue Shield entities), Cigna, UnitedHealth Group, Inc., Aetna Inc., & Humana Inc. Then, we are going to discuss what a merger would mean for providers who contract with these companies.
Continue reading How Recent Health Insurance Mergers May Affect Your Bottom Line
Most doctors are familiar with individual disability insurance policies, in which you insure against your own disability. Many doctors are also familiar with business overhead disability insurance, which will replace your practice’s revenue in the event that you are unable to continue working. However, there is a third category of disability policy that doctors, particularly doctors in smaller practice groups, may want to consider to protect themselves in the event of disability: disability buyout policies.
Continue reading Disability Buyout Insurance – Protecting Yourself And Your Partners