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Doctor – Are You on Your Way to $5.5 Million?

6 Responses

1. Dr. Marcus, on July 25, 2009 at 5:06 PM said:

   The skills and knowledge sources required for healthcare financial analysis and personal financial planing for physicians differs from those needed for general industry research and lay client use.

   Therefore, I am please that the ME-P examines the research process as well as various sources of information needed for differing types of personal financial analysis-related activities for medical professionals, including benchmarking and business valuation, to assist internal analysts and healthcare financial executives in being better informed about the application of research methods.

   Of course, this information assists those financial advisors in the healthcare space, as well. Especially, now during this current “crisis of confidence” in the entire financial services sector.

   My kudos to all concerned.

   Dr. Stephen Walden Marcus

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2. Remington, on July 26, 2009 at 12:41 AM said:

   Stephen,

   These specialties enjoyed the biggest jump in compensation from a year earlier: neurology, non-invasive cardiology, anesthesiology, emergency medicine and internal medicine.

   Source: http://blogs.wsj.com/health/2009/06/17/how-much-do-rookie-doctors-make-the-latest-scorecard/

   Remington

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3. Doctor Tom, on May 2, 2010 at 7:09 AM said:

   Unpaid Physician Tasks

   I am not even close to $5.5 million dollars NET; nor will I ever be. I have too many unpaid things to do in the office.

   In fact, this new essay reports that in addition to seeing patients, a primary-care physician must address more than three dozen urgent, but uncompensated tasks, each working day. This study provides a rare, quantitative look into the mechanics of medical office practice.

   http://www.washingtonpost.com/wp-dyn/content/article/2010/04/28/AR2010042805825.html

   The ultimate question left unanswered is; can a doctor [still] make money on Medicare and Medicaid patients? Any other thoughts?

   Doctor Tom

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4. Dr. David Edward Marcinko MBA CMP™, on November 22, 2014 at 10:55 PM said:

   Is Becoming a Doctor Worth $2.6 Million?

   Each year, over 20,000 US students begin medical school. They routinely pay $50,000 or more per year for the privilege, and the average medical student graduates with a debt of over $170,000. That’s a lot of money.

   But, for some who pursue careers in medicine, the financial cost has been considerably greater. Melissa Chen, 35, a final-year radiology resident at the University of Texas San Antonio, calculates that her choice of a medical career has cost her over $2.6 million in lost wages, benefits, and added educational costs.

   http://thehealthcareblog.com/blog/2014/11/20/is-becoming-a-doctor-worth-2-6-million/

   And yet in her mind, the sacrifice has definitely been worth it.
   Your thoughts?

   Dr. David Edward Marcinko MBA CMP™

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5. Kerri A. Nelen, on February 27, 2015 at 12:37 AM said:

   Reading Room: Financial Planning Handbook for Physicians and Advisors: An Integrated Approach

   Who better to provide physician-investors with an integrated approach to financial planning than a former private practitioner with a degree in business? And, when it comes to such an ideal circumstance, you’ll be hard pressed to find another author as experienced as Dr. David E. Marcinko. In an attempt to arm today’s physicianinvestors with the necessary tools and knowledge to create a successful financial plan, Dr. Marcinko has compiled the perfect tome, Financial Planning Handbook for Physicians and Advisors: An Integrated Approach ($54.95; Jones and Bartlett Publishers; 2005).

   Of course, as the title implies, this handbook isn’t just for physician investors determined to understand the financial world a little better, it’s also for their financial advisors. But, this doesn’t take away from the fact that this book is written for doctors.

   Divided into 10 chapters, the Financial Planning Handbook for Physicians and Advisors covers such topics as insurance, income taxes, medical office tax strategies, retirement planning, and estate planning. There’s also a chapter on the do’s and don’ts of selecting a financial advisor.

   Bottom line: You’ll find everything you’re looking for, and you’ll find it easily.

   Dr. Marcinko has created a reader-friendly financial handbook that breaks each chapter down in the table of contents subject-bysubject, page-by-page. And, in addition to thoroughly covering the subjects discussed within it, each chapter is also easy to navigate.

   For example, chapter topics are neatly divided by alphabetical subheads and there’s just the right amount of space on the pages to avoid information overload. Adding to the success of this handbook are the many physician specific examples, exercises, tables, charts, planning notes, cautions, and Web site addresses scattered throughout.

   So, if you’re in the market for a financial planning handbook that caters to professional healers, check out Dr. Marcinko’s latest work. You won’t be disappointed. There’s something for every doctor who’s interested in financial security.

   Kerri A. Nelen
   [Physician’s Money Digest]

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6. The “Rich Doctor” Myth | The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants, on May 20, 2023 at 2:14 PM said:

   […] Doctor – Are You on Your Way to $5.5 Million? […]

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