Doctors: Is Your Physician Group Causing You to Pay Higher Taxes?

Doctors: Is Your Physician Group Causing You to Pay Higher Taxes? on providentcpas.com

Classifying doctors as employees can significantly increase their tax burden An increasing number of doctors are banding together to form medical “super groups” and the benefits can be significant: economies of scale, greater leverage in negotiations with insurance companies and large hospitals, administrative support that leaves doctors free to focus on patient care, and a…

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Tips for Maintaining Medical Practice Profitability

Tips for Maintaining Medical Practice Profitability on providentcpas.com

Expand with novel services. Connect with new patients. How to build revenue when burdened with rising operating costs and changes in the healthcare system As deductibles rise, medical practices can see big losses. Some patients can no longer afford medical bills, leading them to avoid seeking treatment when they should. Or, many will simply seek…

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What’s the Magic Number a Doctor Needs to Retire?

What’s the Magic Number a Doctor Needs to Retire? on providentcpas.com

Doctors can get burned out fast, and early retirement grows more and more appealing. How do you know when you have enough saved to maintain your lifestyle? The thought of early retirement is appealing to most doctors, who are often overworked and exhausted. But how do you know how much money you’ll need when the…

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Financial Strategies Every Mid-Career Doctor Should Consider

Financial Strategies Every Mid-Career Doctor Should Consider on providentcpas.com

As your career hits its stride, taking these 8 steps is key to keeping your financial goals on track If you’re a doctor who’s starting your career or approaching retirement, the amount of financial advice that’s aimed at you is overwhelming. But the mid-career physician – mainly in their 40s to early 50s – is…

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