admin, Author at InvestingDoc

The Federal Student Loan Relief Program Is Live

October 18, 2022October 18, 2022 admin 0 Comments debt, medical school debt, personal finance, refinance student loans, residency

The Department of Education on 10/17/2022 launched the application for the federal student loan forgiveness program. Borrowers who qualify may see relief in as soon as 6 weeks. While most attendings that have been practicing a while will not qualify, this will be important for residents, fellows, and APPs.

What is Federal Student Loan Debt Relief?

A program that provides eligible borrowers with full or partial discharge of federal loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients

What Does It Take To Qualify For Federal Student Loan Relief?

… Read the rest Read more

Blog Practicing physician

Why I Have Not Sold To Private Equity

October 17, 2022October 17, 2022 admin 1 Comment

This is one of the most frequent emails that I get from my readers. Why have I not sold a portion of my practice to private equity? You might be thinking about having private equity buying a portion of your practice. Or you might be starting scratch with a private equity group. I’ll go through my opinions on the pros and cons behind private equity.… Read the rest

Practicing physician Residency

RVU Based Contracts And What To Avoid

October 10, 2022October 10, 2022 admin 2 Comments personal finance, physician, private practice, residency

Flat salary compensation models are becoming less common. Instead, production models have become much more popular. These contracts are often called an RVU based contract. Today’s post I will go through RVU based contracts and what you need to know to avoid in these contracts.

RVU

When you submit a bill to insurance companies, they assign a value to each code.… Read the rest

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The Day That Made Me Want To Quit Medicine

October 3, 2022October 2, 2022 admin 7 Comments

I wrote this post the morning after the event that took place on 10/29/2022. Yesterday, my daughter was sent home from daycare with complaints of “she won’t stop crying and screaming of belly pain.” Today’s post will be a deviation from the usual post, and I will walk though some of the events and why I’m looking at how I practice medicine with a new viewpoint.… Read the rest

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Learning How to Code As A Doctor To Maximize Income

September 26, 2022September 26, 2022 admin 0 Comments

Learning another language is something that I’ve always wanted to do. I never thought it would be learning to code as a doctor as my second language. What does this have to do with coding for doctors and why is it on my blog? Well, I have been learning python. However, you don’t need to learn python to maximize your income.… Read the rest

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Owning A Medical Practice. Year 3.5 Update

September 19, 2022October 2, 2022 admin 9 Comments

Here we go! A raw update at my private practice. It has been some wild ups and downs. I can’t believe that this February 2023 will be four years of my office being open full time. Time is flying by.

I have been doing these updates on student doctor network for a few years now. For those who might be new to my journey.… Read the rest

expenses

Quiet Quitting And Time Theft Issues With Employees

September 12, 2022September 12, 2022 admin 2 Comments private practice, quiet quitting

I really love all my employees. However, sometimes employees will try to take a mile if you give them an inch. Running a business is hard, and with the rise of quiet quitting, I figured it might be important to talk about ways that employees may try to take advantage of you or your business.

Some of these issues might seem harmless.… Read the rest

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The Most Expensive Real Estate Bankruptcy by a Doctor

September 5, 2022September 5, 2022 admin 0 Comments

The rise in real estate prices from 2013 to 2022 has been historic. However, for some cities that have been spared the big drop in 2008 values, the rise in home values has been dramatic. For example, the house we just sold more than doubled its selling price in the four years since we bought it. This got me thinking, what might be coming for doctors who are highly leveraged in real estate?… Read the rest

Practicing physician

Why The Rate Negotiation Process With Insurance Companies Is Broken

August 29, 2022August 29, 2022 admin 2 Comments physician, private practice

With inflation reaching record levels, many medical practices are going through the rate negotiation process with insurance companies trying to get better pay. If you have never done this before, that’s okay. I was new to it also until a few years ago. Let me tell you the theme of dealing with commercial insurance companies for rate negotiations. Intentionally difficult and broken.… Read the rest

Practicing physician

AdvancedMD Is A Love Hate Relationship With Our New Medical Record

August 22, 2022August 22, 2022 admin 5 Comments medical record, practice physician, private practice

Electronic medical records, or EMR for short, is a big decision for your company to decide which one will be used. This should be one of the most important things you “stress” over when you start up your practice. We decided to change from Practice Fusion to AdvancedMD. This decision was one that we have been mulling over for about a year.… Read the rest

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