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Welcome to the blog!
A repository of articles about things doctors didn't learn in medical school, covering side gigs, finances, the business of medicine, life in medicine, and more. These resources are intended to take a deeper dive into specific topics referenced in our educational pages.
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Is There Such a Thing As Passive Income, and What Sources Exist?
The reality of passive income, what sources come closest to providing it for physicians, & how to make side gig money come easier over time.
Private Practice Valuation: What is EBITDA and How is a Multiple Determined?
EBITDA and its multiple are core metrics in business valuation & transactions that should be optimized when selling a private practice.
Defined Benefit Cash Balance Plans: Powerful Tax Strategy for Physician Practices and Entrepreneurs
Defined benefit cash balance plans offer large potential tax deductions & retirement contributions for doctors who understand how they work
What Is the Average Neurologist Salary?
How much neurologists make, with average salary compensation data by hours worked, location, gender, neurology subspecialty, & practice type
Choosing and Preparing Your Private Practice Location
Tips for choosing the best location to lease or buy when starting a private practice, based on patient demographics, future plans, and more
Hourly Consulting Rates for Physicians by Specialty and How Much to Charge
Statistics on what physicians consider a minimum consulting hourly rate by specialty, & how to determine your rate based on the opportunity
How Tax Loss Harvesting Works: A Guide for Physicians
How strategic tax loss harvesting can benefit physicians with capital gains, when to do it and how, wash sale rules, swap partners, and more
Doing Disability Exams, Chart Reviews, or IMEs as a Physician Side Gig: Pros and Cons
Ways doctors can get involved with disability exams, chart reviews, and IMEs as a side gig, with pros and cons, pay, insurance, & companies.
What Is the Average Emergency Medicine Physician Salary?
How much emergency medicine physicians make, with average salary & hourly rate by hours worked, location, gender, & practice environment
Physician Contract Negotiations: Signing Bonus
Overview of signing bonuses for physicians, average amounts, logistics, clawbacks, taxation, & other tips for negotiating the sign-on bonus
Should I Have My LLC Taxed as an S Corp?
Advantages and disadvantages to having an LLC taxed as an S Corp, which doctors benefit from the election, and tax savings via payroll & QBI
Deposition Tips for Physician Expert Witnesses
What to expect during an expert witness deposition and tips to prepare for the process based on experiences from physicians on our community
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