Financial Residency
988 episodes - English - Latest episode: 4 days ago - ★★★★★ - 295 ratingsAs 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
Coffee & Contracts - They Said No to Your Ask?
April 24, 2024 08:00 - 4 minutes - 3.49 MBJon from Contract Diagnostics discusses the disparity in contract offers for physicians within the same organization but different divisions. He emphasizes the importance of clarifying decision-making processes and reasons behind rejections when negotiating compensation. Jon advises physicians to seek multiple offers, understand policies, and persist in negotiations to achieve favorable outcomes. He highlights Contract Diagnostics' role in providing data-driven guidance and support thro...
Coffee & Contracts - FDA and AI
April 23, 2024 08:00 - 4 minutes - 3.45 MBJon from Contract Diagnostics discusses the FDA's evolving role in regulating AI in healthcare. As AI-powered medical devices become more prevalent, the FDA must adapt its processes to ensure safety and efficacy. Jon highlights the potential impact of AI on physician workflows and suggests that employers will need to update policies accordingly. He emphasizes the importance of staying informed about AI advancements and encourages annual policy reviews. Jon is optimistic about AI's poten...
Grand Rounds - Real tips for physician wellness with Dr. Rebekah Bernard
April 22, 2024 08:00 - 45 minutes - 28.4 MBDr. Bernard has literally written the book on physician wellness and shares her insights to help us find our love of medicine again while maintaining our own happiness and well-being. She advocates for physicians to have autonomy and control the things they can in their practice. She offers simple tips for running an efficient practice and setting limits on the time you allocate for work so that you have more time for yourself. She also promotes motivational interviewing to help patients b...
A Physician’s Guide to Wealth - Taking Extreme Ownership: The Key to Personal and Financial Success
April 20, 2024 08:00 - 11 minutes - 7.94 MBIn this episode of the "Life Well Lived: A Physician's Guide to Wealth" podcast, host James Nutter discusses the importance of taking extreme ownership and full responsibility for one's life. He shares his personal journey of blaming others for his circumstances and how he learned to take control and liberate himself. James emphasizes that blaming external factors such as the government, the economy, or other people only hinders personal growth and financial success. He encourages listeners ...
A Physician’s Guide to Wealth - Physician Employment Contract Hacks: The Most Critical Steps for Negotiating Your 2nd Contract as an Attending Physician
April 19, 2024 08:00 - 58 minutes - 39.3 MBHave you ever taken time to review your contract and negotiate terms that are favorable to both you and the team? Just like a pro athlete negotiates for the most favorable contract, you as a superstar physician can to. Every time you renew your contract, you have a chance to get a better deal, especially your 2nd contract as an attending after you’ve proven yourself as an invaluable asset to the team. In today’s episode, we are joined by Health Law Attorney Spencer Licktieg. You deserve to h...
Coffee & Contracts - Hospital Closing
April 18, 2024 08:00 - 5 minutes - 4.24 MBJon from Contract Diagnostics discusses the impact of hospital and clinic closures on employees, comparing the situation to retail franchise closures like Kmart or Bed Bath & Beyond. He highlights potential outcomes for physicians, such as reassignment or termination, based on the terms of employment contracts. Jon emphasizes the importance of understanding contract stipulations regarding termination pay, benefits, notice periods, non-compete clauses, and tail insurance. He advises healt...
Coffee & Contracts - ACC recap
April 17, 2024 08:00 - 6 minutes - 4.73 MBJon from Contract Diagnostics recently attended the American College of Cardiology's annual convention in Atlanta, a large and engaging event where he provided talks on contract renegotiation and changes in compensation structures post-pandemic, specifically for cardiologists. Amid the pleasant setting of Atlanta, Jon, joined by colleagues Anu, Jennifer, and Selena, enjoyed interacting with many cardiologists at their booth and during presentations. They addressed various concerns re...
Mortgage Minute - Let's Talk About Appraisals for a Minute
April 16, 2024 08:00 - 4 minutes - 3 MBAppraisals are completed by an independent third-party provider so neither your realtor nor loan officer have any input over the value. They typically take 5-7 days once ordered by the bank, but Doug recommends putting in a 10 day appraisal contingency when writing your contract to purchase your home. You can only use comparable houses (comps) for those that closed before your home was inspected. You can reach Doug at [email protected] or go to www.DougCrouse.com.
Grand Rounds - Determining short and long term goals to build a budget with Nate Reineke
April 15, 2024 08:00 - 38 minutes - 27.9 MBBudgeting can be a difficult task for physician families, especially when one spouse is a stickler for budgets and the other isn't. But Nate Reineke, CFP with Physician Family Financial Advisors, explains how couples can develop budgets in a nonconfrontational way by discussing their short and long term goals. He encourages families to pay off debt while saving for kids' college and/or retirement. And most importantly, he doesn't want physicians to miss out on enjoying their lives because ...
A Physician’s Guide to Wealth - Making Sense of Your Cents
April 13, 2024 09:48 - 10 minutes - 6.3 MBEver felt overwhelmed about not knowing what you don’t know as it relates to money? Perhaps even a bit frustrated that of the hundreds of thousands of dollars you spent and countless hours in training, there was little to no real-world training about money? I have great news, if you’re reading this now, you’re here for a reason. And though your medical school or training program is unlikely to do anything about, we here at Financial Residency are here to help you make sense of your cents. ...
A Physician’s Guide to Wealth - The #1 Investment You Can Make
April 12, 2024 14:42 - 12 minutes - 7.86 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! Warning: don’t be the richest one in the graveyard. A wise investor named Warren Buffet once quoted “Investing in yourself is the most important investment you’ll ever make in your life. There’s no financial investment that’ll ever match it, because if you develop more skill, more ability, more insight, more capacity...
Coffee & Contracts - Probationary Periods and Risk
April 11, 2024 08:00 - 7 minutes - 5.39 MBJon from Contract Diagnostics highlights the risks associated with physician employment contracts, particularly emphasizing a case with a stark imbalance in termination notice periods and the risks during a probationary period. Physicians face unfair termination clauses, such as needing to provide 120 days' notice to leave, while employers can terminate with only 30 days' notice. Additionally, during a six-month probationary period, employers can terminate immediately without cause. Jon ad...
Mortgage Minute - Rate Modifications for Physician Loans
April 10, 2024 08:00 - 6 minutes - 4.52 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! Some banks, including BMO, offer rate modifications for physician loans. What this means is that you can close a loan today with the current market rate, but can later "modify" your loan to a lower rate if rates go down. This option is cheaper than refinancing your loan and does not involve the hassle of getting a...
Coffee & Contracts - Breaking a contract?
April 09, 2024 08:00 - 5 minutes - 3.72 MBToday Jon provides insights into contract breaches, advising caution and adherence to contractual obligations. It outlines potential consequences, including termination, financial liabilities, and legal action, underscoring the importance of seeking legal counsel. Emphasizing the need for understanding contract terms, it encourages individuals to consult Contract Diagnostics for guidance on interpretation and negotiation strategies. Jon invites individuals to contact Contract Diagnostics t...
Grand Rounds - Top 5 Financial Tasks with Dr. Lisha Taylor
April 08, 2024 08:00 - 38 minutes - 27.4 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! You may know Dr. Lisha Taylor from Money Meets Medicine or her new podcast Wealth Minded MD. She joins us today to share her Top 5 Financial Tasks to help new attendings get out of debt, protect themselves and build wealth. For more information on Dr. Lisha or to sign up for one of her financial wellness workshops,...
A Physician’s Guide to Wealth - The first step to true wisdom
April 06, 2024 08:00 - 11 minutes - 8.38 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! “Know thyself” – a timeless maxim etched onto the ancient Temple of Apollo in Greece. But what does it truly mean? Join us on a journey of self-discovery as we explore the depths of this profound saying. There’s a reason why nearly one third of lottery winners go broke within their first 3-5 years.* They were hande...
A Physician’s Guide to Wealth: Start Here - The Choice That Will Define You
April 05, 2024 08:00 - 11 minutes - 8.05 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! Are you getting the most out of the podcasts you listen to? Awareness is the first step to positive change, however positive action in the direction of your goals and mission must follow. On the very first episode of the A Life Well Lived A Physicians Guide to Wealth podcast, IM Wealth Partner and Financial Advisor...
Coffee & Contracts - What is Wrong with MGMA Data?
April 04, 2024 08:00 - 10 minutes - 8.05 MBThe MGMA (Medical Group Management Association) data is often considered the gold standard for physician compensation analysis, but it has several limitations. Firstly, the data is delayed, with current data based on previous years' figures. Secondly, the sample size, though large, may not fully represent the physician population. Additionally, there's selection bias as certain physicians may not report their salaries. The data doesn't differentiate between full-time and part-time roles or...
Coffee & Contracts - Financial Steps to Take Early in a Career
April 03, 2024 08:00 - 5 minutes - 4.51 MBIn this episode, Jon from Contract Diagnostics addresses the importance of early financial management for physicians, residents, and fellows. He emphasizes the significance of maximizing compensation, understanding taxes, and balancing savings with enjoying life experiences. While Contract Diagnostics doesn't provide financial or tax advice, Jon offers valuable insights and encourages listeners to seek professional guidance for tax planning and financial management. Jon invites individua...
Mortgage Minute - Plan Ahead During Match Season
April 02, 2024 08:00 - 5 minutes - 4.37 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! This is a very busy time of year for loan officers who specialize in physician loans as there is a big influx of home buyers with all the new residents and new attendings hitting the market at once. Please reach out early to a loan officer to get a prequalification or preapproval letter so you will be equipped to mak...
Grand Rounds - 7 Critical Steps to Argue Less About Money with James Nutter
April 01, 2024 08:00 - 59 minutes - 36.6 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! James Nutter with IM Wealth joins Dr. Tammy to discuss his 7 Critical Steps to Argue Less with Your Significant Other About Money. He helps physician families learn how to understand themselves so they can communicate more effectively as couples, discover what their "love language" is when it comes to money, and deve...
Financial Vitals - Tomorrow Is Never Guaranteed
March 30, 2024 08:00 - 27 minutes - 17.9 MBThis episode is sponsored by PearsonRavitz– helping physicians protect their most valuable assets. Sometimes, it takes an unexpected wake-up call to remind you to take care of yourself, family, and finances. You never know when it could be your last day, and tomorrow is not guaranteed. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about a recent personal medical experience and what went through his mind at the time. You don’t know what the future holds. Ma...
Financial Vitals - Stories From The Trenches Of Financial Planning For Physicians
March 29, 2024 08:00 - 46 minutes - 35.2 MBThis episode is sponsored by PearsonRavitz– helping physicians protect their most valuable assets. When you run across something weird or strange, how do you avoid major mistakes and minimize errors? Get a second opinion, especially when it comes to the good, the bad, and the ugly of financial planning for physicians. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a Certified Financial Planner (CFP®), about stories and experiences with p...
Coffee & Contracts - Closed another Renegotiation
March 28, 2024 08:00 - 5 minutes - 4.26 MBThis episode is sponsored by PearsonRavitz– 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 ...
Coffee & Contracts - Alternative Career options for Physicians?
March 27, 2024 08:00 - 6 minutes - 4.98 MBThis episode is sponsored by PearsonRavitz– 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 o...
Mortgage Minute - Credit Myths
March 26, 2024 08:00 - 4 minutes - 3.53 MBThis episode is also sponsored by PearsonRavitz– 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 www.DougCrouse.com.
Grand Rounds - Direct Specialty Care Model with Dr. Lara Kenney
March 25, 2024 08:00 - 54 minutes - 35.2 MBThis episode is also sponsored by PearsonRavitz– 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. S...
Financial Vitals: The First Step To Reduce Your Taxes
March 23, 2024 08:00 - 42 minutes - 26.1 MBThis episode is sponsored by PearsonRavitz– 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 sta...
Financial Vitals - How Do You Know Which Type Of Financial Planner To Look For
March 22, 2024 08:00 - 14 minutes - 10.2 MBThis episode is sponsored by PearsonRavitz– 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 fi...
Coffee & Contracts - Good News, Bad News 2024
March 21, 2024 08:00 - 6 minutes - 4.8 MBThis episode is sponsored by PearsonRavitz– 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 conc...
Mortgage Minute - Wire Fraud
March 20, 2024 08:00 - 4 minutes - 3.1 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThis 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 MBThe 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 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! 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 wh...
Financial Vitals - Can You Max Out Both Your 403b and 457b Plans
February 29, 2024 09:00 - 12 minutes - 10.1 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! 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 ...
Coffee & Contracts - Medicare Fees Cut
February 28, 2024 09:00 - 3 minutes - 2.48 MBJon 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 MBThis episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up! 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 ...