Saving money in funding for buyout of your medical practice

Article Abstract:

There are several ways to manage the buyout of a physician's practice. For example, the remaining physicians in a group practice can borrow the money needed to buy the practice, pay for the practice in installments or fund the purchase with life insurance money. In some cases, a first-to-die life insurance policy can help the remaining partners in a group practice purchase one physician's share if he or she dies. The policy covers the entire group but pays out after the death of only one individual. If this technique is used, a rider should be attached allowing successive individual policies.

Planning, Usage, Life insurance, Management buyouts, Group medical practice

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The necessary involvement of stewardship in medicine

Article Abstract:

Physicians acting as stewards can help control medical costs, just as stewards managed household expenses in Biblical times. Physicians must weigh the cost of tests and treatments against the benefit to the patient; the best care is not necessarily the most expensive. Stewardship is part of being a responsible physician. As healthcare costs spiral, it is increasingly important for physicians to act as patient advocates.

Influence, Medical care, Cost of, Health care costs, Stewardship, Christian, Christian stewardship

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A plea for expanding the universe of trusted colleagues

Article Abstract:

Physicians should consider the services of complementary medical practitioners, such as chiropractors, naturopaths and massage therapists, when referring patients. Some disorders are best managed by traditional medicine, but others, such as neuromuscular and psychological problems, might be best treated by complimentary practitioners.

Evaluation, Alternative medicine, Medical referral

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