Blogs - Provident CPA & Business Advisors

Real Problem Solving: How to Truly Tackle Your Company’s Dilemmas

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February 13, 2019

How’s your track record at addressing and resolving issues? It’s the elephant in the room. You see the problem, but everybody wants to avoid a discussion. Why is that – especially when it’s an obstacle that can kill organizational performance and profit? We live in an age where a company can lose a significant amount of its value because of a news report. Other, subtler issues linger long-term, limiting growth and success. When there’s a problem, it often has to be dealt with. Right now.

Why High-Income Doctors Continue to Drown in Debt

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February 6, 2019

On average, physicians make the highest salaries across the nation. But many doctors still continue to drown in debt due to student loans and poor spending habits Attending medical school and becoming a physician has long been a noble and sought after career choice. Also, one of the highest paying. In U.S. News and World Report’s 2019 Best Paying Jobs List, (which also takes into account employment, growth rates, and job prospects) the 11 best-paying jobs are in the medical field. The highest is an anesthesiologist, paying a median annual salary of $208,000.

The 8 Biggest Asset Protection Mistakes Doctors Make

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January 30, 2019

A successful lawsuit without enough insurance could threaten a lifetime of savings In today’s litigious society, getting sued is not uncommon – especially for doctors. One in three physicians has a medical liability lawsuit filed against them during their careers, a proportion that goes up as a physician gets older.

Can Physicians Lose Their House in a Malpractice Lawsuit?

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January 23, 2019

Find out what’s really at stake There is a perception that malpractice lawsuits may cost doctors everything – their assets, savings, or even their house. But while malpractice cases can be lengthy and expensive, it’s actually very rare that a doctor would lose it all in these cases if he or she has the proper insurance coverage.