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About the Buy-in
What is usually done with the remainder of the "buy-in" if a physician leaves a group before paying the full amount?
Question: What is usually done with the remainder of the "buy-in" if a physician leaves a group before paying the full amount?
Answer: Deciding what to do with the remainder of a buy-in is a business decision for the partners. Some groups would use it to pay for a piece of equipment, a computer system, or another capital expense. Others would simply use it as additional income to be distributed to the partners. Finally, others would retain it, and use it as retained earnings for the future. We'd recommend that you check with your accountant to see if he has any suggestions about using it (as he would know the particulars of your group, the financial situation of your group, and the tax consequences of the decision).
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
