Financial Residency

The Fed will meet again at the beginning of November. Are rates expected to go down? Are we entering a recession? Doug gives his thoughts on rates in the near future and through next year. He talks about making big purchases and making sure you don't overextend yourself.  To learn more about Doug Crouse or to get a free copy of his book, go to www. DougCrouse.com .

Dr. Sunana Sohi shares her very unique passion that helps her relax when outside of the GI suite. It helped her through Covid and binds her family together through this special type of play.  You can see her perform by following her on Instagram @SunanaSohi. MD.

This summary discusses the Collections Compensation Model, commonly used in private practice medical settings to determine physician remuneration. In this model, rather than being paid upon production (like in the RVU model), physicians are compensated based on when the service is reimbursed to the practice. There can be many variations to this model, such as a base salary with a percentage of net...

The article discusses how hospitals are dropping Medicare Advantage due to delays in government payments. Scripps, a major player in California, has already dropped a significant portion of Medicare Advantage, resulting in 30,000 seniors losing their coverage. This can create challenges for employers in maximizing staff and maintaining profitability. Physicians who work with Medicare Advantage sho...

Welcome to "Finance For Physicians," the podcast that helps doctors live their lives on their own terms. In this episode, we dive into the world of orthopedics with Dr. Daniel Paull, the founder of Easy Orthopedics in Colorado Springs. Dr. Paull's unique practice challenges the status quo and positively disrupts the traditional healthcare system. Join us as we uncover the distinct features of Dr....

Contract Diagnostics is a company that works with physicians who serve underserved areas, particularly in rural hospitals. The company understands that rural hospitals may not be the most profitable for larger healthcare systems, leading to cutbacks and operational changes. Contract Diagnostics aims to help physicians navigate these changes by reviewing their contracts and providing assistance. Th...

Doug talks today about some changes Fannie Mae is making soon regarding loan limits for conforming loans. Fannie Mae is also making some positive changes for buyers who want a multi-family property (duplex, triplex or four-plex) in which they also plan to live.  If you would like to get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home, go to www. H...

Dr. Mitch Li is an emergency room physician who started  www. TakeMedicineBack.org  to help physicians fight against the corporatization of medicine. His group is working with physicians, attorneys, medical societies, and lawmakers to enforce laws already on the books to prohibit the corporate ownership of medical practices, thereby giving physicians the autonomy to work in the best interest of th...

Today Jon discusses the impact of artificial intelligence (AI) on various industries, including healthcare. He mentions using AI for tasks like generating ideas and conducting travel research. In healthcare, AI is expected to play a significant role in areas like radiology and pathology, where it can improve efficiency and accuracy. The speaker believes that AI will bring changes to how medical pr...

values conflict as a major issue for physicians in the healthcare system. This conflict arises when the system's requirements and expectations clash with a physician's personal or professional values. For example, a doctor may believe that spending more time with patients is essential for quality care, but the system limits their time with each patient. This conflict can lead to burnout and moral...

Contract Diagnostics is reaching out to chief residents and fellows, offering guidance and support in navigating contracts and compensation. They provide free customized educational webinars for different specialties, tailored to specific programs and trends in the field. With a wealth of unbranded educational content and experience working with renowned organizations, Contract Diagnostics aims to...

Join Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and de...

In tonight's episode, host Doug Crause discusses the topic of refinancing and its importance in making purchase loan decisions. He shares his personal opinion on the current market environment and offers insights on when to consider refinancing or opting for an adjustable rate mortgage.  Additionally, he suggests asking lenders about rate modifications and low or no cost refinancing options. Doug...

Being an employed physician who accepts insurance can be overwhelming with all of the administrative tasks we must go through to get paid. Have you ever thought of opening a clinic where you didn't take insurance? What would that look like? Dr. Rebekah Bernard joins us to talk about her experience as a Direct Primary Care physician. She also states other specialties are starting to follow suit and...

In this episode, Daniel and Jeff dive into the intricacies of the new Student Loan Affordability and Value for Education (SAVE) Plan, shedding light on emerging strategies for student loan borrowers. The SAVE Plan is making waves in the world of student loan repayment, offering exciting opportunities for those seeking to manage their debt effectively. The hosts explore the advantages and considera...

In this episode, Jon from Contract Diagnostics addresses the topic of work-life balance, which has been a common concern among physicians. Burnout and the need for balance are frequently discussed in the medical field, and Jon emphasizes the importance of addressing these issues upfront when negotiating contracts.  He shares examples of physicians he has worked with who prioritize time off or flex...

Join Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and developments in the field, offering valuable insights and strategies to empower physicians in managing their financial futures. Discover essential tip...

Jon from Contract Diagnostics discusses the transition from employment to partnership in a private practice. He emphasizes the importance of reviewing the initial associate agreement and understanding the metrics that determine eligibility for partnership. Jon also addresses the financial considerations involved in buying into partnership and highlights the need to understand the potential risks a...

Have you ever applied for a loan or a new credit card then received 200 unwanted calls from people soliciting your business? The credit bureaus unfortunately do sell their information after someone's credit has been checked.  However you can avoid these calls by going to www. OptOutPrescreen.com  or  www. DoNotCall.gov . 

A truly inspirational story of a woman who overcame severe childhood trauma and homelessness to become a physician and advocate who helps other people who don't have a voice. You can hear her story here or read her book Hindsight: Coming of Age on the Streets of Hollywood.  You can learn more about her at  www. SherylRecinosMD.com .

How can special needs planning positively change your family's life when you have a child or children with a disability? It really depends on their needs, so map out the plan for them. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about the basics of special needs planning and available tools. Topics Discussed: • Worst Case Scenario: Unexpected death or disability • FA...

Do you remember the late Notorious B.I.G.'s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems.     In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems....

In this informative message, Jon from Contract Diagnostics discusses the topic of inflation and its impact on salary. He emphasizes the importance of understanding compensation not only in the present but also how it may change in the future. While contracts typically do not include automatic adjustments for inflation, Jon suggests that negotiating for annual raises or cost-of-living adjustments c...

In this message, Jon from Contract Diagnostics discusses the total compensation data from the MGMA survey, which is considered the gold standard for physician compensation.  The MGMA survey gathers data from a large number of physicians and their employers each year, but participation is relatively low, so the accuracy of the inputs is uncertain. The data includes various types of compensation suc...

The term can mean different things in different markets. It can also be used to describe an account versus the stage you are in when buying a house. Doug explains the differences and when it can be waived by the buyer. He also talks about why people sometimes want to waive escrow and whether it benefits them or not.  To request a free copy of Doug's free book "Hippocratic House: Do No Harm When Pu...