PROFIT RETENTION STRATEGIES FOR MEDICAL PRACTICES

Here is another professional article which may help you to help your doctor clients.  It is written by my associates Ike Devji, J.D., an attorney based here in Phoenix and Executive Vice President of The Wealthy 100, and Trisha Lotzer, J.D., an attorney based in Scottsdale whose practice has heavy emphasis on medical practices.

PROFIT RETENTION STRATEGIES FOR MEDICAL PRACTICES
by Ike Devji, J.D. & Trisha Lotzer, J.D.

IT’S NOT JUST WHAT YOU MAKE; IT’S ALSO WHAT YOU KEEP.

With the economic impact of the new healthcare laws and the President’s final 2011 budget uncertain, practice owners and managers would be well served to focus their attention at this time on profit retention strategies. The thousands of doctors we serve are facing challenges including:

Current Depressed Economic Conditions Decreasing Compensation and Insurance Reimbursement Rates Increasingly Hostile Litigation System that Targets YOUR wealth Stalled or Negative Investment Momentum Increasing Overhead and Liability Insurance Costs Increasing burdens of Income and Estate Taxes; the estimated “death tax” will be 55% of everything over $1MM in 2011 as of the time of publication

Read full article.

Advertisement