Everything listed under: Medical Professionals

  • Starship Medicine

    Technology's Impact on the Future of Medicine, Your Profession, Your Health...and Possibly Your Wealth?As we continue to partner with the medical community by assisting doctors and dentists with developing sound financial plans, we strive to stay abreast of trending topics in the medical industry.  We find the possibilities for the advancement of patient care to be particularly interesting, and it is easy to see that these developments will lead to an industry paradigm shift (perpetuall...  Read More...

  • Attention Residents, Fellows and Attendings - A Primer on Student Loan Repayment

    IBR, PSLF, PAYE, REPAY, Loan Consolidation, Federal Loans, Private Loans, Rates and Tax Deductibility -  this is a complicated but important conversation.   On top of that, the rules are changing as are the lenders by offering new financing configurations.  And, of course, the right answer for you is specific to your circumstances. In residency or upon graduation, you have a lot of moving parts as you navigate your career.  For many medical professionals, student lo...  Read More...

  • To our Medical Professional Community: Would You Counsel Your Children to Follow Your Path?

    No one knows the costs of your profession better than you. The rest of us (non-medical professionals) don’t have to look far to find mountains of studies and statistics documenting what you already know: medical professionals carry many burdens and it can take a large toll.Extraordinary costs (time and money)Extraordinary competitiveness right from the startConstant conflicts between quality patient care and the economics of your practice/hospital/insurance companies/pharmaceuticalsHours &...  Read More...

  • Are Student Loans Hanging Over Your Head?

    You’ve worked hard to secure a spot in college, persevered through the academics and have graduated. However, according to credit.com, in 2015, about 71% of college graduates leave school with an average of $35,051 in debt. This is nearly quadruple the average debt among graduates in 1993.   Read More...

  • Case Study: OB/GYN Practice Weighing Strategic Options and Decides Not to Sell

    Setting: Our client is a young OB/GYN physician that is one of three partners in a practice in Texas. In this increasingly regulated and challenging Affordable Care Act environment, he contemplated merging his practice with one of two large hospital groups, or another similar sized practice. We had only recently begun to on-board this client when he presented us with this “life happens” consideration, but we prioritized our on-boarding process to  move quickly in analyzing how this might im...  Read More...

  • Case Study: Orthopedic Surgeon Builds Practice, Weighs Strategic Options

    Setting: We first met this orthopedic surgeon when he was a newly minted graduate from his residency program, and we have been partnering with him on his life journey ever since (5 years). He comes from a large low-to-middle class family with a lot of siblings, which perhaps explains his attention to detail and propensity to save. Unlike most of our physician/surgeon clients who have seen the increasingly complex regulatory environment erode their income and take away their autonomy, this client...  Read More...

  • Case Study: A New Resident Gets Started on the Right Foot

    Setting: Our client and her fiancé sought our help about six months after they each began the residency phase of their education. They had made it through the first two rigorous phases with a modest student loan amount ($180K). They were used to living lean, but admittedly had some pent-up spending desires as they watched their non-medical student peers begin to buy homes and nice cars.   Read More...

  • Case Study: An Oral Surgeon Sells Practice to Younger Surgeon; Lessons Learned as Non-Compete Invoked

    Setting: Unfortunately, we were engaged after the sale of this oral surgeon’s practice and it became a” lesson learned” in the importance of engaging objective resources before consummating such an important transaction. Being a trusting soul and not wanting to incur a number of transaction costs, the selling doctor trusted that the purchasing doctor would be true to his word about retaining him over the subsequent, three-year period. When a disagreement about terms caused friction, the purchas...  Read More...

  • Case Study: Cardiology Group Accepts Buyout Offer from Corporate Aggregator

    Setting: Our client is a mid- career Cardiologist that was a member and mid-level owner of a group practice in Texas. His group became the target of a corporate, practice aggregator (aided by the senior members of the group). Upon learning the terms, he presented the “deal” to us, (the option that was presented to his group practice), to help him evaluate the impact on the financial freedom plan we’d developed and that we were already implementing.   Read More...