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Financial Residency

959 episodes - English - Latest episode: 8 days ago - ★★★★★ - 295 ratings

As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That’s where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You’ll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other “investment” pitches that are not in their best interest. You didn’t receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it’s ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.

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Episodes

Mortgage Minute - Wire Fraud

March 20, 2024 08:00 - 4 minutes - 3.1 MB

This episode is also sponsored by PearsonRavitz– 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 l...

Coffee & Contracts - Private equity - Consolidation

March 19, 2024 08:00 - 8 minutes - 6.35 MB

This episode is also sponsored by PearsonRavitz– 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 ...

Grand Rounds - How your medical background can inspire entrepreneurship with Dr. Ramon Lizardo

March 18, 2024 08:00 - 32 minutes - 19.9 MB

This episode is also sponsored by PearsonRavitz– 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 helpfu...

Financial Vitals - How To Help Your Children Maximize Their College Education

March 16, 2024 08:00 - 41 minutes - 29.3 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  College costs money, and it continues to increase. The actual price that you pay is difficult to understand because it has become progressively more expensive for those that have more financial resources—especially physicians who have or plan to have children in the future. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Joe Messinger about how college co...

Financial Vitals - Breaking Away From Traditional Primary Care to Start a Concierge Medical Practice

March 15, 2024 08:00 - 41 minutes - 28.5 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  When you’re miserable or not satisfied with your traditional primary care position at a major hospital, it’s time for a big change to live your best life and values. Focus on your future goals and dreams. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Drs. Cady and Ryan Brown, who started their own concierge medical practice, Downtown Drs. Brown, located...

Mortgage Minute - It's Match Time!

March 14, 2024 08:00 - 4 minutes - 3.38 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Congratulations to all those med students who will be matching this week and to those getting ready to graduate and become attendings. We appreciate you and your sacrifice. If you have questions about a mortgage, you can reach out to Doug Crouse at www.DougCrouse.com or text 816-728-3631. 

Coffee & Contracts - Don't Delay the Negotiation Process

March 13, 2024 08:00 - 4 minutes - 3.27 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  The right time to move negotiations along is as soon as possible. Delaying discussions with employers can result in missed opportunities for salary increases or beneficial contract changes. Employers may be hesitant to make updates, hoping the issue will be forgotten.  Seeking assistance from a third party or maintaining regular communication can help ensure progress and avoid unneces...

Coffee & Contracts - Year-End or Beginning Compensation Changes?

March 12, 2024 08:00 - 4 minutes - 3.24 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  In early Q1 of 2024, physicians often receive updates or changes to their compensation, typically in the form of addendums to their contracts. These changes may be related to fiscal budgets, CMS regulations, or simply the timing of the year. It's crucial not to hastily sign any addendum without fully understanding its implications.  Take time to evaluate fairness and consider negotiat...

Grand Rounds - Raising Money for a Medical Mission Trip with Jon Appino of Contract Diagnostics

March 11, 2024 08:00 - 18 minutes - 12.8 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Going on a medical mission trip is a noble thing that many physicians and other health professionals do each year, but many people don't realize that going on those trips is usually an out-of-pocket expense to the physician for thousands of dollars. It also means time away from work and family.  So Jon at Contract Diagnostics is raising money to help Dr. Kathryn Sarnoski, his national...

Financial Vitals - 5 Of The Most Overlooked Tax Breaks For Doctors

March 09, 2024 09:00 - 29 minutes - 23.1 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Do you love to save on your taxes? One of the most overlooked or common mistakes is the failure to maximize tax breaks that are available to physicians.   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about five of the most overlooked tax breaks for doctors. Personal finance is about avoiding errors or when it comes to filing...

Financial Vitals - Are You In For A Major Financial Surprise When Your Children Start College

March 08, 2024 09:00 - 21 minutes - 17.6 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Go with eyes wide open or be in for a major financial surprise when your children start college. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about you or your children funding their education.  Topics Discussed: • Who should pay for college? You, your children, student loans, or scholarships • What has changed? Tuition ...

Coffee & Contracts - Lowest Paid Specialties

March 07, 2024 09:00 - 6 minutes - 4.62 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Jon from Contract Diagnostics discusses the lowest paying specialties in medicine based on 2023 data. He highlights public health and preventive medicine, pediatrics, family medicine, infectious disease, and endocrinology as the lowest five, with salaries ranging from $249,000 to $267,000 annually.  Jon emphasizes the importance of regular salary evaluations and negotiations for physi...

Coffee & Contracts - Advertised signing bonuses

March 06, 2024 09:00 - 6 minutes - 5.07 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Jon from Contract Diagnostics discusses signing bonuses in healthcare, citing an article revealing average bonuses across various professions. While physicians top the list with an average of $47,993, other roles like pharmacists and optometrists also receive significant bonuses.  Jon emphasizes the importance of understanding the terms of signing bonuses, including clawback provision...

Mortgage Minute - Mortgage Scams

March 05, 2024 09:00 - 3 minutes - 2.52 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Today on the Mortgage Minute, Doug Crouse from BMO Bank warns about mortgage scams targeting recent homebuyers. He cautions against overpriced services offering copies of deed records and emphasizes that such documents can be obtained independently.  Additionally, he highlights the prevalence of deceptive emails from "bottom feeder" lenders posing as the borrower's actual lender. Crou...

Grand Rounds - Buying your first home with Doug Crouse of BMO Bank

March 04, 2024 09:00 - 29 minutes - 19.3 MB

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets.  Match & Graduation Season is almost here, which means we will have many doctors looking for a new home.  Doug Crouse with BMO Bank joins us today to explain what makes a physician loan different from other types of loans, discuss the importance of choosing a lender and realtor, caution about putting appropriate contingencies into your contract so you don't put your earnest money at ri...

Coffee & Contracts - Residents/Fellows Unionize

March 02, 2024 09:00 - 6 minutes - 4.52 MB

The article discusses the unionization of 1300 medical residents and fellows at Northwestern University, reflecting a growing trend in collective action within the medical field. Jon from Contract Diagnostics shares insights on the importance of group negotiation and reevaluating compensation structures. While acknowledging the benefits of unions, he emphasizes that collective action can be pursued independently or with professional assistance.  Contract Diagnostics aims to empower physi...

Financial Vitals - Are You Viewing Money As A Tool Or The End Goal

March 01, 2024 09:00 - 19 minutes - 14.6 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. What’s your perspective on money? Do you view it as a tool? Do you know how to use that tool? Is it like a hammer that you use to build a house, murder somebody, or that sits on the shelf and collects dust? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about using money as a tool and what happens when people don't view money ...

Financial Vitals - Can You Max Out Both Your 403b and 457b Plans

February 29, 2024 09:00 - 12 minutes - 10.1 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. If you are employed and work for a hospital system or plan to work for one in the future, do you have access to a 401(k), 403(b), and/or 457(b) retirement plans?    In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how different retirement plans interact collectively. Can you max out both your 403(b) and 457(b) plans? Top...

Coffee & Contracts - Medicare Fees Cut

February 28, 2024 09:00 - 3 minutes - 2.48 MB

Jon from Contract Diagnostics highlights the 2024 Medicare fee schedule, revealing a 1.5% decline in overall reimbursements due to a 3.4% cut in the conversion factor from CMS. The impact varies based on contract structure, employer policies, patient demographics, and payment models. Despite limited influence, understanding these changes is crucial for physicians and hospitals striving to maintain patient care standards amidst increasing challenges. Contract Diagnostics offers support in...

Mortgage Minute - My mind “ New build vs Resale”

February 27, 2024 09:00 - 8 minutes - 5.89 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Today Doug Crouse of BMO Bank discusses the differences between buying a new build and a resale home. While the processes are similar, new builds come with uncertainties such as fluctuating completion dates and potential rate lock issues.  Crouse advises adding a 30-day buffer to rate locks for new builds to avoid expensive extensions if completion is de...

Grand Rounds - Physician wellness, suicide and change with Dr. Dominick Corrigan of Physicians Anonymous

February 26, 2024 09:00 - 40 minutes - 23.5 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Dr. Dominick Corrigan founded Physicians Anonymous to help physicians who are somewhere along the spectrum between burnout and depression all the way to suicidal. His organization provides free, anonymous peer support.  He joined Dr. Tammy to share his journey that led to starting Physicians Anonymous, discussing the unique pressures that physicians face...

Financial Vitals - Should I Change Jobs For More Money

February 24, 2024 09:00 - 23 minutes - 17.5 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Are you looking for another job, or are recruiters seeking you out for opportunities? If you were offered a different job, would you think about taking it? Why, or why not? There’s a lot to consider. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about whether to accept another job. It can be difficult to make a decision and n...

Financial Vitals - Avoiding COVID Forbearance Lifestyle Creep

February 23, 2024 09:00 - 9 minutes - 7.1 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Are you struggling with the temptation related to student loan perks? What are the intended consequences of student loans and associated COVID forbearance programs?   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about saving money to avoid the COVID-19 forbearance lifestyle creep. Topics Discussed: • COVID Forbearance: No...

Coffee & Contracts - The Race to Acquire Physicians

February 22, 2024 09:00 - 8 minutes - 6.32 MB

In the article titled "The Race to Acquire Physicians," Jon from Contract Diagnostics discusses the implications of the growing demand for physicians and the challenges surrounding their employment. He highlights the ongoing mismatch between physician supply and patient care needs, noting the increasing consolidation of healthcare organizations and the potential legal ramifications of monopolizing the physician marketplace. Jon explores the complexities faced by physicians in choosing betw...

Coffee & Contracts - AI and Patient care

February 21, 2024 09:00 - 5 minutes - 3.93 MB

The Wall Street Journal article discusses the potential of chatbots for medical advice, highlighting their benefits such as aiding in initial assessments of x-rays, pathology reports, and lab values.  However, it emphasizes the necessity for human oversight to ensure accuracy and to avoid overlooking critical details. While chatbots hold promise for streamlining administrative tasks and improving efficiency in healthcare settings, they may lack the personalized approach and nuanced underst...

Mortgage Minute - Picking the right realtor

February 20, 2024 09:00 - 5 minutes - 4.39 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. In this segment of "The Mortgage Minute" with Doug Crouse from BMO Bank, the focus is on the importance of selecting the right real estate agent when purchasing a home.  Doug emphasizes that while securing a favorable mortgage rate is crucial, the choice of agent can significantly impact the overall cost of buying a home. He cautions against hastily choo...

Grand Rounds - In Person Summit and Online Resources for Physicians Who Want to Work Independently

February 19, 2024 09:00 - 22 minutes - 14.8 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Many physicians are interested in contracting independently versus continuing as an employed physician, but don't know where to start. Dr. Corinne Rao and Dr. Holly Shen share information about the Flex Med Staff 2024 Physician Summit April 7-10 in Las Vegas where there will be 20 CME about locums strategies, direct contracting, creative income options, ...

Financial Vitals - Hire Or Fire Your Financial Advisor with Dr, Jim Dahle and Alan Moore

February 17, 2024 09:00 - 53 minutes - 39.5 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Are you a physician tired of getting ripped off and wanting a fair shake on Wall Street? Rather than getting mad, understand how the financial services industry works. Do the right thing by knowing when and why to hire or fire your financial advisor.   In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Dr. Jim Dahle, a practici...

Financial Vitals - How Laura Yost Is Living A Richer Life

February 16, 2024 09:00 - 52 minutes - 35.9 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. How do you plan for a child who has a disability? Overcome the initial fear and concern for the unknown and focus on the positive blessing they are to your family. Learn to live a fuller and richer life by turning lemons into lemonade. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Laura Yost, who is married to an internal ...

Coffee & Contracts - Mistakes - on me and on a system!

February 15, 2024 09:00 - 5 minutes - 4.57 MB

In this segment, Jon from Contract Diagnostics reflects on a significant error regarding disability insurance and emphasizes the importance of seeking professional advice. He clarifies misunderstandings about disability policies and acknowledges the necessity of expert guidance. Jon then discusses a case involving an Indianapolis-based health system that faced a $345 million settlement due to compensation mistakes for physicians.  He underscores the seriousness of fair market value and c...

Coffee & Contracts - RN vs. NP vs. PA pay: Key comparisons

February 14, 2024 09:00 - 3 minutes - 3 MB

In this discussion, Jon from Contract Diagnostics explores the current landscape of salaries for nurse practitioners (NPs), physician assistants (PAs), and registered nurses (RNs). He highlights the growing wage trends and the differences in compensation among these roles, citing average annual salaries and hourly rates. Jon emphasizes the negotiating capital that NPs, PAs, and physicians possess in their employment contracts compared to RNs.  He also touches on the variation in salaries...

Mortgage Minute - Free credit report

February 13, 2024 09:00 - 4 minutes - 3.22 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. In this episode Doug Crouse urges listeners to check their free credit reports regularly. He highlights a case where a borrower with assumed 800 credit scores discovered issues, emphasizing the importance of monitoring credit for errors or fraudulent activity. Doug encourages listeners to utilize free credit reports to safeguard against identity theft and ...

Grand Rounds - Purchasing your First Home with Doug Crouse

February 12, 2024 09:00 - 17 minutes - 10.6 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. In this episode, host Tammy introduces Doug Crouse, a seasoned physician mortgage lender, on navigating the competitive housing market for first-time physician homebuyers.  They discuss the importance of securing the right loan and introduce their book, "Hippocratic House," aimed at assisting physicians in home buying. Doug offers insights on the current...

Financial Vitals - How Perfectionism In Medicine Spills Over Into Your Personal Finances

February 10, 2024 09:00 - 58 minutes - 34.8 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Nobody’s perfect. Everyone needs to take care of their mental health, including physicians. Perfectionism in medicine can spill over into physicians’ personal finances. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Dr. Michael Myers about physician perfectionism. Michael is professor of clinical psychiatry at SUNY-Downstat...

Financial Vitals - How to Use Real Estate to Build Wealth

February 09, 2024 09:00 - 43 minutes - 35.1 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Even with your own home, have you noticed that real estate prices have been a bit hectic? How do you build wealth with real estate? Not with your primary residence.    In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about real estate as an investment outside of your primary residence. You are building wealth with your home, but...

Coffee & Contracts - Let us help - free education

February 08, 2024 09:00 - 3 minutes - 2.59 MB

In this message, Jon from Contract Diagnostics emphasizes the company's commitment to physician education. He highlights the lack of formal training for physicians in contract evaluation, negotiation, and other crucial aspects of professional development.  Jon invites individuals and organizations to reach out for educational opportunities, including training programs, free talks, and webinars. He introduces Dr. Catherine Sarnowski as the National Director of Physician Education, emphasizi...

Mortgage Minute - Lock your Rate

February 07, 2024 09:00 - 5 minutes - 3.8 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. In this episode of the Mortgage Minute, host Doug Crouse discusses recent fluctuations in mortgage rates driven by economic reports such as the jobs and manufacturing data. He advises listeners to consider locking in their rates within 60 days to secure the best possible rate amid uncertainty. Doug warns against waiting to lock rates as unexpected market...

Coffee & Contracts - 100k signing bonus for a NURSE!

February 06, 2024 09:00 - 3 minutes - 2.82 MB

In California, a healthcare system faced a staffing crisis during the pandemic and resorted to costly temporary nurses. To tackle this, the CEO and team offered $100,000 signing bonuses for new RNs and retention bonuses for existing ones over three years.  This innovative approach succeeded in retaining staff and reducing reliance on expensive locums. The case underscores the importance of investing in staff and considering retention bonuses as a cost-effective strategy. As such, healthc...

Grand Rounds - Passive investing in real estate with Dr. Steve Suh

February 05, 2024 09:00 - 31 minutes - 22.9 MB

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. Dr. Steve Suh is a co-founder of Left Field Investors and author of "Avoiding Rookie Errors as a Left Field Investor." He shares his successes and mistakes with us today about syndication and real estate investing. He encourages everyone to educate themselves before investing to avoid unnecessary losses.  He also talks about the benefit of having a net...

Financial Vitals - It's Ok Not To Be Ok

February 03, 2024 09:00 - 44 minutes - 33.3 MB

Does the medical profession make you feel like you got to have everything together because everyone around you is perfect? Everything and everyone has flaws, including physicians who are far from perfect but pretend everything is all good all the time. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Christine Runyan, co-founder of Tend Health, which brings a team of clinicians to the intersection of clinical care, health professions, and technology. Christine ...

Financial Vitals - Using Your HSA To Build Wealth

February 02, 2024 09:00 - 25 minutes - 21.2 MB

If you already have or plan to set up or start a health savings account (HSA), how do you make sure it is efficient to build wealth and possibly invest?   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to best manage HSAs. Topics Discussed: • HSA: Best tax shelter that exists as a vehicle to put your money into • HSA vs. Flex Spending Account (FSA): What’s the difference? • HSA Strategy: ◦ Rule #1: It’s best not to spend out of your HSA ◦ R...

Coffee & Contracts - 1 in 5 doctors will become disabled

February 01, 2024 09:00 - 5 minutes - 4.3 MB

Today, Jon from Contract Diagnostics discusses the unsettling statistic that one in five physicians may become disabled during their career. While Jon admits to lacking expertise in disability insurance specifics, he underscores the importance of understanding one's coverage. He points out that employer-provided disability policies often have limitations that may not adequately support physicians and their families in the event of disability. Jon encourages physicians to explore supplement...

Coffee & Contracts - What is the best paying job in healthcare

January 31, 2024 09:00 - 5 minutes - 4.27 MB

In this episode, Jon from Contract Diagnostics discusses the notion of the best-paying job in healthcare based on an article he read. While traditional high-paying roles like executive positions and CEOs are acknowledged, Jon focuses on the surprising revelation from an anesthesia journal that anesthesiology is deemed the best-paying job in healthcare. He scrutinizes the data presented in the study, highlighting discrepancies and questioning its validity. Jon contemplates various factors b...

Mortgage Minute - Plan ahead if you are looking for a mortgage in the next 6-8 months

January 30, 2024 09:00 - 3 minutes - 2.6 MB

It's almost Match Season and Graduation Time for med students, residents and fellows. That means that thousands of doctors will be looking to move and get a mortgage at the same time. This year is different in that many banks have pulled out of the Physician Mortgage space over the past year, which means there will be fewer loan officers to handle the influx of doctors needing assistance. So plan ahead.  Make contact with banks, get the information you need and questions answered, apply ...

Grand Rounds - Real Estate Residency with Brett Riggins

January 29, 2024 09:00 - 29 minutes - 22.8 MB

Brett Riggins is the owner of Physician Wealth Systems and podcast host of Real Estate Mogul MD. He talks to us today about the BURRR method of investing (Buy, Renovate, Rent, Refinance, Repeat) and stackable returns of residential real estate. We briefly explore the tax benefits of developing a real estate portfolio to offset active income from W2 employment.   To learn more about Brett at www.PhysicianWealthSystems.com.    

Financial Vitals - 5 Signs You're Working With An Insurance Agent Posing As An Advisor

January 27, 2024 20:00 - 22 minutes - 18.1 MB

Insurance agents posing as advisors is more common than you may realize and can create conflicts of interest. The key is having better awareness. Don’t get fooled again!  In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about five ways to identify whether you are working with an insurance person who is posing as a financial advisor. Topics Discussed: • Sign #1: Aggressive posers seek you out after making contact or via referrals • Sign #2: Posers offer you f...

Financial Vitals - Charitable Giving Strategies To Reduce Taxes

January 26, 2024 09:00 - 50 minutes - 37.6 MB

It’s that time of year again where many of you are considering giving generously to help others.  What are some of the best tax strategies for giving?  In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a fellow Certified Financial Planner (CFP®) and founder of Anesthesia Success—a planning firm and podcast dedicated to helping anesthesia and pain physicians make successful career and financial decisions. Topics Discussed: • Charitably inclined...

Coffee & Contracts - Hospital mergers and acquisitions

January 25, 2024 09:00 - 5 minutes - 3.88 MB

In this episode, Jon from Contract Diagnostics explores the trends in hospital mergers and acquisitions, highlighting recent examples and contemplating whether this trend will continue. He mentions the increasing number of deals and the involvement of non-traditional players like Microsoft, Amazon Health, and Walmart in healthcare partnerships. Jon anticipates more technology-driven collaborations and partnerships, emphasizing the potential impact on physicians.  While immediate effects ...

Coffee & Contracts - How much does EMR cost?

January 24, 2024 09:00 - 5 minutes - 4.02 MB

In this brief episode, Jon from Contract Diagnostics discusses the significant expenses associated with electronic health record (EHR) systems for healthcare facilities. Using examples from a published article, he highlights the substantial costs, such as a Cleveland-based hospital expecting its EHR installation to cost $400 million. Jon emphasizes that these costs are typically covered by employers, and physicians need not worry about directly paying for EHR systems.  However, he sugges...

Mortgage Minute - Match Season is coming up and finding a physician loan officer may be more difficult

January 23, 2024 09:00 - 3 minutes - 2.19 MB

Match Season and Graduation Season for residents and fellows brings an influx of new home buyers. Over the past year, there have been several banks that have gotten out of the physician mortgage business so there will be fewer loan officers to handle the thousands of physicians who are looking for a loan at the same time. If you think you might be buying a house in the next 6 months, Doug recommends that you start reaching out to banks now to start getting prequalified and approved for a h...

Guests

Travis Hornsby
3 Episodes
Bobby Lee
1 Episode
Robert Farrington
1 Episode