Physician Disability Insurance: Insure Your Earning Potential

The specialized nature of a physician’s occupation requires a specialized plan for protecting their most important asset – their “intellectual capital and ability to work.” Therefore, selecting the right disability insurance is a strategic choice in a physician’s overall risk management plan. The Case for Adequate Coverage In most cases, a physician’s career spans 20-30 ... Read More

Physician Employment and Partnerships: Evaluating Options

Get ready to evaluate upcoming job opportunities/changes before running out of time Begin interviewing and evaluating employment/partnership opportunities one to two years before finishing training or at least six months before the initial term of your current contract. Residents and fellows have often told us that they receive very little training in the business and ... Read More

Physician Interviews: Interview Preparation

Be prepared for employment interviews by knowing what to look for, what to ask, how to compare and start the negotiation process Since physicians are trained to practice medicine and not to interview or negotiate, it is common for many to find themselves unsure of exactly what to look for in a potential employment relationship. ... Read More

Physician Contract Negotiation: Value of Multiple Offers

  Using Multiple Offers for Contract Negotiation Having multiple employment offers provides additional leverage during contract negotiations When physicians are considering more than one employment offer, they often have additional leverage during negotiations. The reason for this is that the physician can utilize the strengths of each offer as a way to request changes in ... Read More

Physician Tax Planning and Investment Vehicles

Take advantage of tax benefits from investment vehicles Physicians who have signed new physician contracts, are close to or have even started with their new employer or business partner(s) should begin preparing for the various tax management strategies with their investment opportunities. Whether this means working at a practice for the first time or transferring ... Read More

Specialty-Specific Physician Disability Insurance – Beware the Fine Print

  Definition of Disability –“Own Occupation” vs. “Any Occupation” Beware the different definitions of disability found within disability insurance contracts. Some masquerade as if they provide true “own occupation” when in fact they do not. Make sure you get the most out of what you are paying for. Doctors have varying degrees of understanding when ... Read More