Financial Residency

This 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. ...

Today 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 interp...

This 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...

This 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 w...

This 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...

The 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...

In 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...

This 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...

This 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...

This 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 ex...

This 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...

This 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...

This 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, h...

This 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 .

This 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-onc...

This 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 als...

This 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, Dani...

This 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 reductio...

This 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 instructi...

This 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 autono...

This 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 d...

This 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...

This episode is 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 Ry...

This 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. 

This 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...