Economic Crisis Management for Physicians

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Be Sure to Recognize and Appreciate Your Integrity

By Dr. David Edward Marcinko MBA [Publisher-in-Chief]

By Hope Rachel Hetico RN MHA [Managing Editor]

The physician who remains in practice long enough is sure to undergo some adverse situation that may negatively affect his economic life.

When, not if, it occurs, you must have a crisis management plan in place to deal successfully with the matter.

Typical Scenarios

In fact, the following three scenarios typically occur somewhere along life’s journey for the average doctor.

  • Office Crisis Management
  • Employment Crisis Management
  • Financial Windfall Crisis Management



If any of the above occurs, get tax advice immediately, retain an attorney and hire a financial professional. And, unlike stock-brokers and most financial designees, the Certified Medical Planner© is an emerging new fiduciary with focused medical specificity.



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One Response

  1. Eight Ways to Improve Patient Communications
    [Use Effective Communication During an Adverse Event]

    Following an adverse event, effective communication with the patient and family throughout the process may improve the physician-patient relationship. Patients who experience a complication have been affected physically and emotionally.

    Understand the difference between empathy and apology. Emphatic communication demonstrates recognition and understanding of the psychological impact this outcome has on the patient’s physical and mental well-being. The patient may not remember the discussion, but will remember a disrespectful comment which may prevent further communication.

    Source: Diana Douglas, Physicians Practice [7/23/15 ]


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