Financial Residency

Today Jon talks about, what to consider when comparing and evaluating job offers for a new position. LINK: www.ContractDiagnostics.com

Interest rates are twice as high as they were a year ago, but house prices were much higher in most markets then as well. You might actually come out ahead by getting your dream home for a much lower price today, especially if interest rates go down as expected in 1-3 years. Doug Crouse explains the logic in today's episode. You can get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home at www.DougCrouse.com.

Brian McCook is a CPA with Anders CPA & Advisors. He leads the health care practice side of the firm. He talks today about how you can use 1099 employment to your advantage with tax benefits, write offs and deductions. He explains how being a 1099 employee can give you more control over your career, but does require some planning to protect yourself and your practice. He spells out the reporting requirements to the IRS for this type of income. If you are looking for a CPA, you can reach Brian at BMcCook@anderscpa.com or 314-655-5564.

Once you clarify your values, financial vitals are used similarly to health vitals to quickly check if you are making progress toward your goals and what's most important to live a better life. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to measure specific financial vitals based on your values. Topics Discussed: • Save, Spend, Give Ratio: Percentage-wise, where is your money going? • True Spending: Budget is always underestimated; total spending is more realistic • Strategy: DIY vs. work with financial planners, others to calculate numbers • Key to Success: Quick financial vitals checks measured against your values Links: https://financeforphysicians.co/ https://financeforphysicians.co/contact/

In this episode, we sit down with Dr. Renee Dua, the Chief Medical Officer of Heal and the visionary behind Renee, a virtual assistant designed to help chronic disease patients achieve better health. Driven by her belief that great healthcare is a human right, Dr. Dua has dedicated her career to making healthcare more accessible and convenient for everyone. During the conversation, we learn about Dr. Dua's journey in healthcare, from building a successful nephrology practice to leading the clinical team at Heal and driving innovations like the CES Innovation Award-winning Heal Hub. We also discuss her advocacy for expanding house calls to all seniors and her efforts to create patient-facing products that prioritize care and convenience. As an outspoken role model for women in STEM, Dr. Dua shares her insights on the importance of diversity and inclusion in healthcare. We also get a glimpse into her personal life as a mother of three and how she balances her busy career with her passions for cooking and spending time with her family. Join us for an inspiring conversation with Dr. Renee Dua as we explore the future of healthcare and the innovative solutions that are making it more accessible and equitable for all! Links: Renee Heal Dr. Dua's email address: renee@renee.com Contact Finance for Physicians Finance for Physicians

Today Jon continues his talk on MGMA data. LINK: www.ContractDiagnostics.com

The busy lives that physicians lead rarely allow for side hustles and projects. But this guest made it work. Dr. Paula Muto is a 25+ year vascular surgeon veteran with an extensive array of methods of work that put her and her team amongst the best treaters of vein disease in the world. It'd have been awesome if we stopped at that, but Dr. Paula is also the founder and CEO of UberDoc - an online booking platform that helps patients find the best doctors in their zip code area. If you're a physician looking to earn extra money by leveraging your already existing expertise - Dr. Paula has paved the way, and we'll spend all of today's episode dissecting her playbook. Links: Muto Vein Center UBERDOC For physicians who want to join UberDoc Contact Finance for Physicians Finance for Physicians

Interest rates are very high right now, but most experts expect them to go down in the next 1-3 years. Some banks offer Loan Modifications, which allow you to pay a flat fee when rates go down to lower the rate on your existing loan. This saves you the money and hassle of refinancing your loan. You do not have to go through underwriting again (i.e. providing all your financial data), new appraisals or pay closing costs. Doug goes into more detail here and advises you to check with your lender when getting a new mortgage now to save you money in the future. You can get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home at www.DougCrouse.com.

Dr. Melissa Leimkuehler and her family started a labor of love many years ago, which is a winery, inn and event space. She talks to us about how she had to learn about business, obtain loans to renovate their property, juggle the demands of being a physician and business owner, while carefully balancing the personal relationships with her husband & other family members who are involved with the endeavor. She shares the joy of being able to give back to the community and charities that have supported her over the years. To learn more about her winery and inn, you can go to www.BelvoirWinery.com.

Hey, this is John with contract diagnostics. I want to give a quick message on nurse practitioners and PAs. We had a couple of questions that were sent in, and one of them was about compensation for managing mid-level providers. Join me as I answer this question! LINK: www.ContractDiagnostics.com