I’ve decided to go solo by starting up my own primary care clinic! The past two years have been extremely exciting with tons of change. I graduated from residency, started working as a hospitalist, bought a house, paid off all my student loans, became medical director of a skilled nursing facility and a second facility, have completed over 50 locum shifts, watched my better half have two surgeries for a tumor in her jaw, and I’ve now started up my own practice.… Read the restRead more
The cost of healthcare has been a very popular political topic for several decades. Several weeks ago, I received two separate emails that struck me as a bit odd. My group highly encouraged us via email to avoid any professional relationships by accepting gifts, food, or money from drug representatives. In a separate email that I received from my congressman, he wrote about how he was against net neutrality.… Read the restRead more
Being a Medical Director is more than collecting a monthly paycheck. One of the most popular questions that I receive is how to make extra money as doctor. While there are many ways to make extra cash, becoming a medical director always seems to come up as a possible “easy” way to make money. While there are some perks, including financial benefits, there are also several risks to becoming a medical director.… Read the restRead more
After 11 months of searching for a house, I’ve finally bought a home. The paperwork associated with buying a house is most likely not as difficult as soon to be new home owners think. The hardest part of the process was finding a house that I wanted to buy. For those who have been following this website, you know I’ve been searching for a long time.… Read the restRead more
As another new year gets underway, I would like to take a look back at 2017 to see how far this website and I have come. It is also a good time to look forward for some changes to the website and new posts to follow. It’s been a while since my last post, and below I’ll explain why.
2017 was the best year I’ve ever had.… Read the restRead more
Navient, the Sallie Mae spin-off created in 2014, this week made public that they bought student loan refinancing company, (Earnest) for 155 million dollars. This is a major step for Navient, which previously has focused on servicing and collecting federal or private student loans. The acquisition now allows them to start originating loans in addition to servicing them. The market seem to of had a lukewarm reaction by evidence of its stock, NAVI, dropping 14% the day this was announced.… Read the restRead more
Paying for the convenience of purchasing an item, I would bet, is costing you big bucks. Amazon has become synonymous for purchasing goods at a convenience. Their one click patent, gave their customers the availability to buy an item and have it shipped to them with only one click. Though Amazon was not the first, they were definitely one of best to pioneer convenience buying.… Read the restRead more
Credentialing at any hospital can be a time intensive and a frustrating process. Doing locum tenens work on the side, I have already been through this process several times in the past year. In order to minimize any time delay between submitting the application and being credentialed, there are some documents that should be readily available to submit upon request. I’ve created a list of all documents needed by most hospitals to streamline the process.… Read the restRead more
It’s easy to lose sight of the big picture with investing. While building investment portfolios, sometimes it’s easy to forget to build the life you want, not the bank account you want. Like many others, I love reading other blogs focused on early retirement, financial independence, or frugal living. In fact, I enjoy it so much that I started this website to help others with personal finance and investing.… Read the restRead more
Doctors’ paychecks are often structured in one of three ways. Salary only, salary plus incentive bonuses, or production only. RVU (Relative value unit) is a method the United States Medicare system uses to value reimbursement for physician services. Some physician contracts, such as my contract, is 100% based on production, or how many RVU’s I bill for.
There are advantages and disadvantages to each system. … Read the restRead more