Anesthesia & Pain Management Success

Does a partnership truly serve as a beacon of career advancement for associate physicians, or is it a mirage that ultimately depends on specific circumstances? Today I dissect the concept of physician partnerships, shedding light on their benefits and potential drawbacks. If you're pondering whether to own a share in a medical business or stick with your role as an employee, I'll break down some k...

You may be aware that health savings accounts (HSAs) are a great way to cover healthcare costs with pre-tax money. However, this tax-efficient savings account can also be used as a very important tool for financial independence. So, how can HSAs help you as you save for retirement? In this episode, I will be breaking down how HSAs work, what the best utilization of an HSA is, and who should be con...

Today Dr. Tony Vullo, an experienced anesthesiologist, joins the show to discuss his career, sharing the motivations that led him into the world of medicine and—more specifically—anesthesiology. Steered by a desire to challenge himself intellectually and realize his dreams, Dr. Vullo shares his experiences in choosing a different career path, as well as the advantages that come with it and how it...

Are you a physician looking to excel not just in clinical practice, but also in managing your career and building wealth? In this episode, we delve into the critical aspects of physician practice management and wealth-building with insights shared from a recent guest appearance on The Pain Unfiltered Podcast . Hosted by Dawood Sayed, MD, and Patrick Buchanan, MD, this conversation covers essential...

Are your investments truly performing to their full potential? In this episode, we delve into the critical aspects of investment and portfolio performance that every physician should consider. We'll address key questions to ask when evaluating your portfolio's success or assessing a potential advisor for your stock market investments and more. Learn more:  https://apmsuccess.com/ 216         Watch...

Today we're joined by Larry Keller, a renowned expert in physician disability insurance, as he sheds light on the evolving landscape of disability insurance. Larry delves into the current hot topics within the industry, providing valuable insights into recent changes and emerging trends. You'll gain a deeper understanding of what to look for in disability insurance and crucial steps to avoid poten...

Today we dive into the world of student loans with Meagan McGuire, a Certified Student Loan Professional with extensive expertise in student loan policy and planning. Meagan, who has advised on over $380 million of student debt, sheds light on the implications of student loans resuming after a hiatus and offers crucial insights for borrowers. You'll gain valuable knowledge about choosing the right...

Dr. Bryan Marascalchi, a seasoned Anesthesiologist and Pain Medicine Physician at Vanderbilt University Medical Center, joins the show today to dive into the tangible impacts of digital health on pain management. In this episode, Dr. Marascalchi shares the practical facets of his digital health company, shedding light on how it effectively removes uncertainties from pain management by employing da...

Today we are talking about a crucial financial aspect: spousal life insurance. As a financial advisor, I've encountered tragic stories that highlight the significance of proper life insurance coverage. At the heart of the discussion are two often overlooked mistakes in financial planning regarding life insurance for homemaking spouses: the economic value replacement mistake and the opportunity cos...

In this final segment of our two-part series with tax expert Evgeni Ivanov, we dive back into the complex realm of business transition. Focusing on the distinction between a stock sale and an asset sale, this episode unravels the critical factors that should be considered. While tax implications remain a central focus, they are only a small piece of the puzzle. Listen in as Engeni shares other con...

This is the first of a two-part series tailored for practice owners contemplating the sale and transition of their practices. In this episode, we're joined by tax expert Evgeni Ivanov, Senior Manager at Wipfli LLP, to explore a crucial aspect of deal structuring: installment sales. Learn more:  https://apmsuccess.com/ 210    Watch the video: https://apmsuccess.com/ 210 v        

Dr. Jay Kumar is an interventional pain physician based in North Carolina, and he joins the show today to share his journey through training, academics, and private practice. He offers a glimpse into the process that led him to working in—and growing more passionate about—interventional pain, as well as what it really takes to gain the confidence and skills needed to launch a private practice succ...

Today we will explore the crucial aspects of launching a successful pain practice, focusing on two specific operational variables: patient volume and contracts with reimbursement rates. Patient volume serves as a fundamental key performance indicator (KPI) for any viable practice, and understanding the optimal number of patients needed for success is essential. Identifying key drivers to attract p...

Dr. Krishnan Chakravarthy is an expert anesthesiologist with a unique specialization in multi-modal pain management. In this episode, he delves into the fascinating world of pain management start-ups and med-tech. Dr. Chakravarthy emphasizes the significance of understanding the key problems in the industry when developing core technologies for the market. He sheds light on his team's mission to m...

Today we dive into a tax topic specifically tailored for private practitioners and business owners operating under S-Corps, C-Corps, or LLCs taxed as such. We explore the intriguing Augusta Rule, which derives its name from Augusta, Georgia. Historically, homeowners near Augusta National would rent out their houses during an annual tournament, generating rental income that the IRS sought to tax. T...

Today, I have a couple of important announcements to make before we resume our regular programming next week.  Learn more:  https://apmsuccess.com/ 205   Watch the video: https://apmsuccess.com/ 205 v

Today we dive into the world of property and casualty coverage in the first of a two-part series. In this episode, I explain the importance of coordinating different types of coverage, such as home, renters, and auto insurance. While it may be tempting to opt for the cheapest or lowest premium, I advise that value goes beyond just the price tag. Listen in as I describe the two types of physicians'...

Today we delve into the topic of partnership in an anesthesia practice and how it has evolved over the years. As the employment landscape has undergone changes, the concept of partnership has also transformed. Partnership, in this context, refers to being a part owner of the practice. To assess what partnership truly means in a specific opportunity, I will explain three key facets of consideration...

Are you a physician who owns a practice and has children? This episode is for you. We are delving into the benefits of employing your children in your business and the opportunities provided by the IRS, such as decreased household taxes due to the lower tax rates applicable to children. Learn more:  https://apmsuccess.com/ 202 Watch the video: https://apmsuccess.com/ 202 v         

Rachel Trobman, CEO and Co-Founder of Upside Health, Inc., joins the show to share the challenges faced by physicians as they strive to provide optimal care for highly complex patients with limited resources and how her team is helping fix this problem. Rachel discusses the crucial role that technology plays in augmenting healthcare and emphasizes the importance of identifying areas that can be au...

Dr. Tim Deer, Chairman of the American Society of Pain and Neuroscience and CEO of The Spine and Nerve Centers of the Virginias, joins us on the show to discuss the inception of the American Society of Pain and Neuroscience (ASPN). Dr. Deer shares his unwavering passion for improving education, fostering scientific curiosity, establishing best practices, and elevating the field of pain and neurosc...

Have you noticed how interest rates have been changing over the past 12-18 months, leading to a shift in conventional thinking around home purchases and mortgage options? In this episode, we delve into this evolving landscape and explore the new considerations that arise when it comes to choosing the right mortgage product. Learn more: https://apmsuccess.com/1 99                                   ...

Today we delve into the topic of 457 plans as a component of employee benefits, an area we have not explored previously. I want to take the opportunity to provide a comprehensive understanding of these plans, highlighting their distinctions from the widely known 401(k). My aim is to equip you with the necessary knowledge to make informed assessments of the suitability of a 457 plan as part of your...

As the academic year draws to a close, it's a time of excitement and anticipation for many residents and fellows. You've worked hard to hone your skills and gain valuable experience, and now you're preparing to take the next step in your career. But as you make the transition from trainee to attending physician, it's important to consider the financial implications of this change. Learn more: http...

Imagine having multiple job offers in your inbox, each representing an exciting opportunity for your career. It's a thrilling and empowering feeling, knowing that you're a sought-after candidate in a competitive job market. But it's not just about the thrill of being wanted; having multiple job offers can provide practical benefits that can impact your career growth for years to come. In this epis...