Financial Residency
This episode is sponsored by – helping physicians protect their most valuable assets. Jon from Contract Diagnostics shared the successful renegotiation of a family practice sports physician's contract, extending it for four years with improved terms. Through thorough analysis and communication with the employer, they reached a mutually beneficial agreement, addressing compensation, retention bonuses, RVU rates, staffing issues, time away, reporting problems, and equipment needs. Despite some delays, both parties were satisfied with the outcome. Jon invites individuals...
info_outline Coffee & Contracts - Alternative Career options for Physicians?Financial Residency
This episode is sponsored by – helping physicians protect their most valuable assets. In a recent discussion, Jon from Contract Diagnostics highlighted the growing concern of physician burnout and the increasing interest among physicians in exploring careers outside of patient care. He outlined various alternative career paths for doctors, including roles in education, academia, healthcare administration, and pharmaceutical, biotech, or medical device companies. Other options mentioned were medical writing, informatics, corporate wellness, forensics, and legal...
info_outline Mortgage Minute - Credit MythsFinancial Residency
This episode is also sponsored by – helping physicians protect their most valuable assets. There are several misconceptions surrounding credit, which could hurt your score if you don’t have the correct information. Doug explores several of those today. He also gives some tips to help you improve your credit score. For more information about Doug, go to .
info_outline Grand Rounds - Direct Specialty Care Model with Dr. Lara KenneyFinancial Residency
This episode is also sponsored by – helping physicians protect their most valuable assets. Many primary care physicians have moved to a direct patient care model where the physician works for him/herself and does not accept insurance. It helps eliminate many of the burdens that lead to burnout amongst doctors. But can specialists do it as well? Dr. Lara Kenney is a hematologist-oncologist who says yes you can! She moved to this model in 2019 and talks about her practice. She also is the co-founder of Direct Specialty Care Alliance, which is an organization that is trying to help...
info_outline Financial Vitals: The First Step To Reduce Your TaxesFinancial Residency
This episode is sponsored by – helping physicians protect their most valuable assets. Who wants to reduce their taxes? The first step requires educating yourself on the basics. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to David Glenn, a Certified Public Accountant (CPA) and founder of Glenn Advisory and the basics of how income taxes work. They also chat about some of the most common tax savings strategies that begin to appear when you start to understand how this all works. Topics Discussed: • Baseline Knowledge: ◦ How does...
info_outline Financial Vitals - How Do You Know Which Type Of Financial Planner To Look ForFinancial Residency
This episode is sponsored by – helping physicians protect their most valuable assets. Have you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial planner. Topics Discussed: • Use Cases: When to start working with a financial planner • Human...
info_outline Coffee & Contracts - Good News, Bad News 2024Financial Residency
This episode is sponsored by – helping physicians protect their most valuable assets. In 2024, physicians face a mixed bag of news. On the positive side, there have been changes in non-compete regulations in several states, potentially impacting physicians' contractual freedoms. Additionally, CMS has implemented improvements to prior authorization processes and witnessed a reduction in pay gaps between male and female physicians in various specialties. However, there are concerning trends as well. CMS has continued to cut rates, affecting some specialties more than others....
info_outline Mortgage Minute - Wire FraudFinancial Residency
This episode is also sponsored by – helping physicians protect their most valuable assets. In this Mortgage Minute, Doug Crouse from BMO Bank highlights the importance of diligence and caution during the closing process to prevent falling victim to fraud. He shares an incident where hackers compromised a realtor's email and attempted to divert funds by providing false wire instructions. Doug advises homebuyers to verify any requests for money by directly contacting their lender or title company, especially if the instructions seem suspicious. He emphasizes the significance...
info_outline Coffee & Contracts - Private equity - ConsolidationFinancial Residency
This episode is also sponsored by – helping physicians protect their most valuable assets. Private equity acquisitions in healthcare, particularly of physician practices, are increasing significantly, with private equity firms buying up practices at a rapid pace. This trend has significant implications for physicians, as it can impact their partnership opportunities, practice autonomy, and patient care. Private equity firms typically aim for a short-term exit strategy, which may not align with physicians' long-term goals. Furthermore, government officials are starting to...
info_outline Grand Rounds - How your medical background can inspire entrepreneurship with Dr. Ramon LizardoFinancial Residency
This episode is also sponsored by – helping physicians protect their most valuable assets. Dr. Ramon Lizardo trained as an ER physician, but has pivoted to a career as a successful entrepreneur in the tech field. His background in medicine led to some of his million dollar ideas. His passion for knowledge and willingness to make contacts and learn new skills brought those million dollar ideas to fruition. He talks about his successes and failures, but also shares helpful insights about how you can take your dream and turn it into a reality. You can connect with Ramon...
info_outlineToday I wanna talk a little bit about interest rates and where they've gone over the last 30 days. I would say about three quarters of a percent.
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