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Top 4 money mistakes doctors make
Yes, this sounds very ominous. However, there is a reason why I wanted to alert you to the fear of mismanaging your finances. Doctors live in the limelight and are highly traceable on the internet. Also, physicians earn large amounts of money, which can sometimes be overwhelming, giving a false sense of never running out Read more… Top 4 money mistakes doctors make originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 29, 2023 Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs

RCM: Fixing the Old and Adjusting to the New
Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. When things are simple and easy to pay for, patients are happy, the staff is happy, and you are most definitely happy. But if any part is misaligned, the whole sculpture can be disformed or even fall apart. So how do we improve? How do we make our sculpture be more realistic? The key lies in optimi...
Source: EMR and HIPAA - June 29, 2023 Category: Information Technology Authors: Grayson Miller Tags: Administration Ambulatory C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System Regulations Revenue Cycle Management Amy Brown AristaMD Authenticx Branden Barkema Brooke LeVasseur Clara Lambert Clarissa Ri Source Type: blogs

Unlocking the secrets of medical practice success
“The cause of man’s problem is a lack of knowledge. It does not stem from a shortage of information but rather from the rejection of information.” – Hosea 4:6 This event in medical history is one such lesson that describes the blinding of physicians to the realities of open-mindedness and the destructive potential that results Read more… Unlocking the secrets of medical practice success originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 27, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs

Cracking the code of physician contracts: Mastering letters of intent [PODCAST]
Subscribe to The Podcast by KevinMD. Catch up on old episodes! Join us for an insightful podcast episode featuring Dennis Hursh, a veteran attorney with over 40 years of experience in health law. Discover the importance of letters of intent in physician contracts, their purpose, and the legal implications involved. Gain valuable advice on negotiating Read more… Cracking the code of physician contracts: Mastering letters of intent [PODCAST] originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 22, 2023 Category: General Medicine Authors: Tags: Podcast Practice Management Source Type: blogs

How a lack of business education is destroying private medical practice
Over a million intelligent American physicians are walking around in the medical practice environment today, patting themselves on the back while believing they have reached their ultimate success in medical practice. They have absolutely no idea that they have never come close to their optimal potential. It’s a tragedy that has been disregarded yet tolerated Read more… How a lack of business education is destroying private medical practice originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 20, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs

Emotional intelligence in entrepreneurship: the significance and application of the 5 core pillars
Emotional intelligence (EI) represents an essential suite of abilities that dictate our capacity to recognize, understand, and manage our own emotions and the emotions of others. This skill set significantly influences our decision-making process, conflict resolution abilities, empathy towards others, and how we handle stress. EI plays a fundamental role in entrepreneurship and forms the Read more… Emotional intelligence in entrepreneurship: the significance and application of the 5 core pillars originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 20, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs

Where to invest $100K in 2023 according to experts
This article is sponsored by Masterworks, the art investment platform. Right now, there are millions of physicians standing at a crossroads. More than 40% of active physicians are expected to reach retirement age over the next ten years, and according to Fidelity, the average physician needs about $2.4 million to retire comfortably. While you’re most likely Read more… Where to invest $100K in 2023 according to experts originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 16, 2023 Category: General Medicine Authors: Tags: Finance Sponsored Practice Management Source Type: blogs

Where to invest $25K in 2023 according to experts
This article is sponsored by Masterworks, the art investment platform. Right now, there are millions of physicians standing at a crossroads. More than 40% of active physicians are expected to reach retirement age over the next ten years, and according to Fidelity, the average physician needs about $2.4 million to retire comfortably. While you’re most likely Read more… Where to invest $25K in 2023 according to experts originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 16, 2023 Category: General Medicine Authors: Tags: Finance Sponsored Practice Management Source Type: blogs

Syndicators and risk management: Educating investors on multifamily syndication
In a recent Wall Street Journal article titled “A Housing Bust Comes for Thousands of Small-Time Investors,” the foreclosure woes of Jay Gajavelli, the head of Applesway Investment Group, were brought to light. Gajavelli’s ownership of multiple units across Houston took a turn for the worse, shedding light on the risks associated with syndicators in Read more… Syndicators and risk management: Educating investors on multifamily syndication originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 15, 2023 Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs

The power of small teams: communication complexity and its impact on health care leadership
In organizational leadership, the adage “less is more” often rings accurate, particularly regarding team size. Small teams, with their inherent communication advantages, often outperform larger ones. This phenomenon, communication complexity, is increasingly recognized as a critical factor in team success. In this article, we will explore the concept of communication complexity, its application in health Read more… The power of small teams: communication complexity and its impact on health care leadership originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 13, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs

Physician employment contracts: the key to fighting burnout and improving working conditions [PODCAST]
Subscribe to The Podcast by KevinMD. Catch up on old episodes! Join us on this insightful podcast episode as we delve into the pressing issue of physician burnout and the challenges physicians face in their careers. Our guest, Dennis Hursh, a veteran attorney with over 40 years of experience in health law, sheds light on Read more… Physician employment contracts: the key to fighting burnout and improving working conditions [PODCAST] originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 7, 2023 Category: General Medicine Authors: Tags: Podcast Practice Management Source Type: blogs

Discover your true north: Navigating life ’ s confusions and embracing your path to success
At age 18, my buddy David and I scaled the outside stucco of a hotel in Cancun, Mexico, and soon found ourselves ten stories up, lying on our backs on the hotel roof, looking at the night sky. It was a terribly stupid idea—one of many we had back in those days. But once we Read more… Discover your true north: Navigating life’s confusions and embracing your path to success originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 7, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs

Healthcare Innovation Funding – Current Factors to be Aware of and Navigating Long Buying Cycles
You’ve finally done it! You spent what’s felt like several lifetimes working on your innovative product and poured your blood sweat and tears into this, but you did it. You’ve just completed all of the designs and plans for your new startup or a new product. Unfortunately, that’s not the end. Now it’s time to figure out how to not only get others on board with your vision, but to fund the rest of the marketing, sales, and support effort as well. But don’t get too stressed out! We are here to help you. There are two important things to keep in mind when working to acquire funding: (1) wha...
Source: EMR and HIPAA - June 6, 2023 Category: Information Technology Authors: John Lynn Tags: C-Suite Leadership Health IT Company Healthcare IT Alex Rothberg Dan Martin Debiopharm Dr Michael Rivers Eric Demers Frederico Ferreira Braga Graham Gardner GSR Ventures Health2047 Healthcare Innovation Funding Healthcare Startup Source Type: blogs

Unlock financial freedom: The physician ’ s guide to lucrative multifamily syndications and wealth accumulation
In the realm of real estate investing, multifamily syndication has garnered significant attention as a lucrative and rewarding investment strategy, particularly among physicians and other high-income earners. Primarily, its appeal lies in its ability to offer attractive returns while simultaneously generating passive income and long-term wealth-building opportunities. Given the unique characteristics and benefits of multifamily Read more… Unlock financial freedom: The physician’s guide to lucrative multifamily syndications and wealth accumulation originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 6, 2023 Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs

A physician ’s typical day, as envisioned by a non-clinician health care MBA: a satire
My alarm goes off at 3:30 a.m. for some early charting. I love these pre-work hours, even though it’s my own unpaid time. I went into debt for hundreds of thousands of dollars to have the need for sleep trained out of me. A neat side effect of this is that it also wiped away Read more… A physician’s typical day, as envisioned by a non-clinician health care MBA: a satire originally appeared in KevinMD.com. (Source: Kevin, M.D. - Medical Weblog)
Source: Kevin, M.D. - Medical Weblog - June 4, 2023 Category: General Medicine Authors: Tags: Physician Practice Management Source Type: blogs