Practice Management

How to know if your leadership is effective

Physician

February 21, 2025

What sets great physician leaders apart? How do they ensure their leadership remains sharp, effective, and impactful?

Physicians often recognize the need to refine their leadership skills when they notice breakdowns in communication, delays in response times, or a lack of team cohesion. If you’re experiencing these challenges, it may be time to evaluate how you’re engaging with your team.

A common leadership misstep

Imagine …

The best job boards for finding unconventional medical jobs, side gigs, and moonlighting opportunities

Sylvie Stacy, MD, MPH

Physician

February 6, 2025

Interest in unconventional jobs among physicians and other medical providers is growing. These roles differ from traditional, full-time positions in hospitals or medical practices due to their work settings, schedules, responsibilities, or other factors.

Conventional medical practice often comes with bureaucratic burdens, insurance paperwork, and documentation that lead to frustration and burnout. Many providers seek more autonomy and fulfilling work. They frequently find this via a job change to something unconventional. …

The lie destroying medical careers: How lack of business education is ruining physicians

Curtis G. Graham, MD

Physician

January 27, 2025

Most physicians subconsciously know there are many significant and persistent challenges to their ability to reach their ultimate medical practice potential. Coupled with the intense pressure all physicians are increasingly being forced to tolerate over decades of independent medical practice, they gradually become indentured servants of the medical-industrial complex.

The three sources of administrative manipulation of medical careers stem from the overriding desire for government control, not just of health care, …

4 hacks to improve patient experience in your practice

Denise Reich

Conditions

January 26, 2025

“The doctor was wonderful, but her staff …” “The receptionist was so rude. I won’t be back.” “They never sent the referral even though I called several times.” Ever seen reviews like these?

No matter how good a doctor you might be, you’re not the one making the first impression at your practice. Your office staff and their practices set the tone of the visit. Their conduct can make or break …

Why health systems must renegotiate contracts to survive

Jeffry A. Peters, MBA

Policy

January 22, 2025

Providers must stop subsidizing payors’ profit margins. Consider UnitedHealthcare, which boasts a 6 percent margin on revenue (equivalent to $22 billion), while hospitals manage a slim 3 percent margin, and physician practices often struggle to stay financially viable. This imbalance underscores the urgent need for hospitals, health systems, and physicians to negotiate rates that not only cover their costs but also generate margins sufficient to offer competitive salaries and reinvest …

What if the solution for physicians’ struggles was right in their faces, yet remains unrecognized?

Curtis G. Graham, MD

Finance

January 18, 2025

Nothing is more of an insult than suggesting that the 1.2 million very intelligent practicing physicians in our nation, whom we trust to keep us healthy, have never come up with a revolutionary cure for what has now become health care and physician crises. Who knows better about the actual practice of medicine and the multiple problems and challenges they face daily than physicians themselves?

The mental function of due diligence …

How physicians can turn their income into long-term wealth [PODCAST]

The Podcast by KevinMD

Podcast

January 16, 2025

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

We dive into the critical yet often overlooked topic of wealth-building for physicians. Guest Amir Baluch, an anesthesiologist and financial expert, shares actionable strategies for diversifying investments, creating passive income streams, and leveraging …

Personal financial planning shouldn’t be a taboo subject

Brian Case, CFP, Jerry Schreibstein, MD, Jonathan Moss, MBA, and Anders Apgar, MD

Finance

January 11, 2025

Physicians face immense challenges, from demanding work schedules and administrative burdens to the emotional toll of patient care. Burnout, turnover, and even suicide are distressingly prevalent in the profession. While systemic changes to health care environments are essential, financial well-being is an often overlooked factor in mitigating these challenges. Personal financial education and planning resources should not be considered taboo but a vital component of physician well-being. When openly addressed, …

How cognitive biases are sabotaging your wealth-building efforts [PODCAST]

The Podcast by KevinMD

Podcast

January 7, 2025

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

Join us as we explore the hidden pitfalls of behavioral finance with financial planner Shane Tenny. Discover how cognitive biases like overconfidence, confirmation bias, and loss aversion can derail even the most successful …

The case for cryptocurrency payments in health care

Aamir Hussain, MD

Finance

January 5, 2025

Bitcoin has recently surged past $100,000, marking a pivotal moment in the adoption of cryptocurrency worldwide. Coupled with a regulatory environment under the Trump administration that promises to be more favorable to digital assets, now is the time for medical practices to consider integrating cryptocurrency payments into their operations. This combination of market momentum and policy support offers practices a unique opportunity to attract a broader clientele and improve financial …

How seniors and doctors can safeguard their homes from lawsuit risks

Gene Uzawa Dorio, MD

Physician

January 4, 2025

As a physician, I have always faced the stigma of being considered a “deep pocket.” What does that mean? Because of my profession, I was considered a high-salaried worker with assets that might have significant financial value, including a private practice and property.

Doctors have sometimes been “targeted” in malpractice lawsuits in past decades because of this stigma. But now, if you live in California and certain parts of the US …

Bitcoin $100K: a game-changer for physicians’ financial freedom? [PODCAST]

The Podcast by KevinMD

Podcast

December 7, 2024

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

Join us as emergency physician and digital asset consultant Noah Kaufman dives into the evolving role of Bitcoin in investment strategies. From its early days as a speculative asset to its current standing …

Physician compensation secrets: 2024 MGMA DataDive insights [PODCAST]

The Podcast by KevinMD

Podcast

December 5, 2024

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

Join us in this insightful episode as we delve into the 2024 MGMA DataDive, the gold standard for physician compensation data. Our guest, Jon Appino, the driving force behind Contract Diagnostics, will explore …

How physicians can get started in digital health and health care innovation

Miguel Villagra, MD

Physician

December 1, 2024

In the rapidly evolving landscape of health care, the urgent need for innovation has never been more critical. As a physician, you are uniquely positioned to drive transformative changes that can improve patient outcomes, enhance care delivery, and reduce costs. However, despite the opportunities, stepping into the realm of digital health and health care innovation can seem daunting.

The importance of understanding the imperative for innovation in health care

Health care systems …

How to navigate stipend offers [PODCAST]

The Podcast by KevinMD

Podcast

November 26, 2024

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

We dive into navigating stipend structures for final-year medical residents with insights from Jon Appino, the CEO of Contract Diagnostics. He shares expert advice on what to consider when evaluating stipend offers, understanding …

Essential negotiation tips every physician should know [PODCAST]

The Podcast by KevinMD

Podcast

November 14, 2024

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

We dive into the essential skills every physician needs to master in contract negotiation. Internal medicine physician Miguel Villagra offers practical advice on navigating the complex clauses and legal language, sharing key strategies …

Behavioral finance: your mood and your money

Shane Tenny, CFP

Finance

November 13, 2024

Dr. Peter Onorato, an accomplished anesthesiologist, found himself at a crossroads. With a lucrative career and a substantial income, he was eager to grow his wealth. Like many high-income earners, Peter believed he could outsmart the market. Despite his wife’s concerns, he decided to invest over $300,000 in a tech startup after several days of online “research” and hearing from several colleagues in the doctor’s lounge about the expected 25-30 …

How better physician leadership can benefit our health care systems

Leon Moores, MD

Physician

November 9, 2024

All physicians are leaders, not just those with designated leadership titles, such as department chief, chief medical officer, or CEO. Leadership – i.e., influencing behavior to achieve a desired result – is foundational to the role of doctor.

But we aren’t routinely trained as leaders. More critically, as brand-new physicians, we aren’t explicitly told we are leaders. Typically, we think a “physician leader” is someone who has been promoted to an …

Sick and tired of practicing medicine? Burnout, disappointment, and low income you can’t seem to overcome?

Curtis G. Graham, MD

Finance

November 6, 2024

Noticing the local physicians who practiced in your area, stayed for two years or so, and then moved to a “different place to practice” (cover story—meaning they never made enough income to stay in practice in your area) involves thousands of physicians across our nation annually, which has led to the physician attrition crisis today. Not enough money or income is most often the cause.

You may not know that you …

Leveraging your medical career for long-term wealth building

Amir Baluch, MD

Finance

November 5, 2024

As physicians, we spend years mastering our craft—learning how to diagnose, treat, and care for patients. But there’s another area that demands mastery if we want to secure our futures: wealth building. The truth is, despite the high earning potential that comes with a medical career, far too many doctors retire with less than they imagined. Why? Because earning is one thing, but building sustainable wealth that lasts is an …

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