Physician mortgage loans (also known as doctor loans) have been specially designed with doctors in mind. Doctors often have a massive student loan debt. Plus, their work experience may not reflect their true earning potential, particularly the ones who have just finished their residency. Doctor loans help physicians get as much as $1 million from lenders based on their unique financial needs.
Medical board complaint refers to the process of registering a complaint against any medical practitioner. A patient can complain to the respective state medical council or boards for unprofessional conduct and inadequate care by a physician or healthcare provider. If the patient is covered by medicare, they can file a complaint directly to medicare.
In the United States, there is a significant difference in income between doctors and non-doctors. In fact, according to one study, the average physician makes $242,000 while the average American earns just over $48,000. When both spouses are physicians, this income gap continues to exist, but it may not be as significant. However, when only one spouse is a physician (and often they’re female), there is often an economic disparity that can potentially lead to marital stress and divorce.
Your medical practice is an important part of your life. It’s where you spend most of your waking hours, and it’s the place where you feel like you are making a difference in someone else’s life. But if no one can find your website, then all of this work may go to waste!
When deciding to take a new job, many factors must be considered, such as the job title, job responsibilities, potential for future growth, benefits, and salary. A doctor could be looking for more work-life balance, or they may need to relocate their home and family, or an opportunity for advancement.
The good news is that there’s never been a better or easier time to switch careers to non-clinical. It’s a great time to get ahead and consider other options, or even combine clinical work with another career that is more in demand today. Switching is easier than you might think so don’t hesitate!
Healthcare professionals often find themselves wondering what steps to take to advance their careers and get promotions. Let’s look at the different types of job promotions and career advancements in healthcare and how you may reach your goals.
Doctorpreneurs are doctors who have turned their talents into entrepreneurship. With a medical degree, a doctor is best suited to run an entrepreneurial venture, especially one that deals with the health industry.
Physicians have a lot of opportunities to make money outside of the clinic. However, many physicians don’t know how to find these opportunities or even if they exist in the first place. That said, it does always come down to investing additional time or money.
For instance, some contracts forbid employees from practicing within the same geographic location, specialization, or through locum tenens and telemedicine. The feasibility depends on the parameters of the training program.
Non-clinical skills are the attitudes, habits, and qualities that make a physician a well-rounded professional. There are certain non-clinical competencies for physicians in the healthcare setting that can help them serve their patients better and make an unenviable and uncomfortable situation easier.
The duties and responsibilities as a physician are expanding rapidly with a troubling trend showing decreased job satisfaction and compensation. There are quite a few non-clinical opportunities for doctors who have a background and experience in the medical and healthcare industry.
A 1031 exchange refers to Section 1031 of the U.S. Internal Revenue Code. A 1031 exchange allows real estate owners or investors to sell a property and then reinvest within a specific time limit to defer or dodge capital gains taxes.
A physician’s resume follows the same basic principles as any other resume. Use action-oriented words where every sentence has powerful action verbs. Follow a well-structured, bullet-based format that demonstrates a clean format and uses easy-to-read fonts.
“Medicare for All” is an aggregation of legislative proposals intended to provide health care coverage to every American through a federal single-payer health insurance program. The single-payer systems can be found worldwide and may vary by what benefits they offer, how they are funded, who is eligible, and more.
The rising healthcare cost is forcing consumers to delay medical treatment until they can afford it or sink them into massive debt. But now, there is an alternative option for the patient without insurance to … Read more
The remote patient monitoring market has risen drastically in use over the past ten years. As a result, new technologies have been developed and implemented that make RPM more of a reality to patients and healthcare providers than ever before.
Rising health care costs have been a major concern among people in the US, and the surprise bills from out-of-network services are devastating. Consumers are surprised with expensive bills from providers who are not in their insurer’s network and whose care they did not request.
Medi-Share is a health care sharing program and though it is commonly referred to as insurance, it is not. Many non-profit Christian Cost-Sharing Ministries enroll people struggling to pay for health care expenses but are not legally bound to cover their members’ claims.
Marijuana has been decriminalized in 36 states in the US and the District of Columbia and gearing up for legalization in many more states. Though it is federally illegal, it has gained popularity due to the medicinal properties and the ability to treat many conditions such as chronic pain, posttraumatic stress disorder (PTSD), seizures, multiple sclerosis, etc.
Cash flow is nothing but the extra cash revenues over cash outlays in a given time (excluding non-cash expenses). The concept of cash flow is represented using quadrants. It is divided into four quadrants – two quadrants on the left side, E and S, and the other two quadrants on the right side, B and I.
Since the onset of the pandemic, the current job situation has drastically changed. The pandemic’s effect on the employment landscape has left several Americans unemployed or at the brink of joblessness. And many more companies have either reduced their staff or stopped their hiring process in an attempt towards cost-cutting.
Enhancing employee engagement has become one of the top business strategies since it directly impacts a company’s financial health and profitability. Despite positive data that the employees are committed to their work and their team’s goals and enthusiastic about their organization, most employees are disengaged at work.
Good communication is essential between the patients and the health care providers. That is why communication boards are placed in the patient care rooms. Communication Boards are rewritable whiteboards placed inside the patient care rooms, … Read more
The Interstate Medical Licensure Compact is an arrangement made between the participating states in the United States to expedite the licensing process for physicians seeking to practice medicine in multiple states. Initially, the process was designed for doctors, but it is also applicable to nurses and physical therapists.
A business owner’s policy is a packaged policy that offers the most protection and covers all the basics for a small business. It generally covers professional liability, business interruption, property, vehicle, and crime insurance. You may customize the policy based on your side gig needs and get a separate and more comprehensive policy.
A doctor is not obligated to provide treatment to every patient they come across. While it is their right, once they decide to provide care to a patient, they cannot stop treatment abruptly. There is a need to follow a code of ethics that states that a doctor and other healthcare providers need to provide sufficient time for the patient to find a new physician before the care ends.
According to Lewis Thomas, “Doctors, once dressed up in one professional costume or another, have been in busy practice since the earliest records of every culture on the earth. It is hard to think of a more dependable or enduring occupation, harder still to imagine any future events leading to its extinction.”
A medical expert witness is a licensed practitioner with adequate skills and experience that qualifies them to provide testimony in a particular medical field. Attorneys often call medical expert witnesses to get reliable opinions about clinical issues in a case during the discovery and trial stages.