Physician Contract Review and Negotiation

Getting your physician contract reviewed by an expert in physician employment agreements is the best way to protect yourself. Since 50% of new physicians leave their employer in the first three years and 60% in the first five years, what your physician contract says about terminating the physician contract can dictate what your experience will be when you leave.*

Physician Loan Management

When it comes to student loans, it may seem as though lenders have decided intentionally to make your life difficult! As the recipient of a loan, you will experience a number of frustrating and confusing issues.

Physician Disability and Life Insurance Analysis

Physician Disability Insurance

Life Insurance

Physician Budgeting & Cash Flow Management

Effective cash flow management begins with the creation and maintenance of a budget. It’s one of the first steps to reaching financial success. It's impossible to effectively determine how much to save without clearly understanding the ongoing after-tax cash flows affecting your bank balance and how much you are spending.

Physician Investment and Financial Planning

After we develop a Physician Wealth Accumulation Plan for you, we then turn our attention to Physician Investment and Financial Planning Services. Our team includes advisors with Chartered Financial Consultant and Certified Financial Planner™ designations who have extensive experience in investment and financial planning.

Physician Wealth Accumulation Planning

Because you could accumulate substantial wealth through your medical career, you will be tempted with schemes designed to make you rich by the numbers. In many ways, building wealth is a quiet art.  Physician Advisors Wealth Accumulation Planning helps you artfully prioritize investment options and thoughtfully direct investable dollars toward the most appropriate investments and amounts for your individual financial situation.

For other resources, go to physician contract review and negotiation.

Physician Retirement Plan Analysis

Most practices implement some form of retirement plan for their employees. Whether it is a cash balance, pension, profit sharing or 401(k) plan, it is important to keep your plan current by reviewing trends in fiduciary compliance, investment selection, plan administration and tax reporting. Retirement plan providers have become increasingly competitive and now offer a variety of packaged programs that can provide substantial savings to both employer and employee.

Physician Debt Management

Good debt vs. bad debt--is there such a thing? The answer is ‘Yes’. Good debt provides leverage to grow your net worth. Bad debt, such as credit cards and high interest notes, can destroy your cash flow. Debt can be a powerful tool for launching your career, but it is critical to have the right information at your disposal to manage debt properly.

Physician's Children College Funding

One of the largest expenses of a family today is the cost of higher education.  Planning ahead can save a great deal of financial pain later.  The Physician Advisors College Funding Analysis helps you properly forecast future college expenses so you know today what you need to be investing to cover future college bills. 

Physician Tax Planning

Compliance with tax law is a must for every medical professional. Some tax issues are very basic--for example, determining what your withholding should be so Uncle Sam doesn’t get an interest-free loan from you. Other tax needs, such as comprehensive tax planning, are more complex and time-consuming.

Physician Estate Planning

When you accumulate significant wealth, as many in medical professions do, it is important to set up your estate so it can pass to family without complicated court proceedings or excessive estate taxes. Not having an estate plan can cost you as much as 45% of your accumulated wealth.

Any tax advice contained herein is of a general nature and is not intended for public dissemination. Further, you should seek specific tax advice from your tax professional before pursuing any idea contemplated herein. This advice is being provided solely as an incidental service to our business.

For other resources, go to physician contract review and negotiation.

Physician Charitable Giving

Going beyond the avoidance of estate taxes and probate, you may also need to develop a family legacy plan or a charitable giving strategy. We help you process the issues that surround such decisions as: how much is enough for my heirs to inherit, and when do I consider the creation of a charitable trust or family foundation?

Physician Asset Protection Planning

One of the most important ways to preserve the wealth you have worked so hard to accumulate is to protect your assets from creditors and other liabilities in today's marketplace. If you can foresee future events that will create large tax bills, it’s critical to pay attention to certain details today, such as where to live and how to structure ownership of assets.

Physician Practice Valuation

Physician Buy & Sell Agreement

Having multiple shareholders in a company creates the need for a buy & sell agreement to see that surviving shareholders and surviving family members of a deceased or disabled shareholder are properly taken care of. These agreements need regular review to keep consistent with business value. Unfortunately, shareholders and family members can find themselves in unnecessary litigation due to out-of-date agreements.

Physician Catastrophe Planning

Loss of a key shareholder or employee can have a devastating impact on the momentum of your practice. Family members could find themselves owning a business without a senior physician and/or key management person, revenues can drop and key employees could launch competing practices. 

Physician Estate Planning

You have a buy & sell agreement. You have successors who will run the practice. You have plans for family members to be provided for in the event of your death. Did you know estate taxes still can bankrupt your practice? Your practice could be destroyed if it is forced into a total or partial liquidation to come up with the cash necessary to satisfy the IRS for estate taxes.

Physician Internal Buyout Study

Are you thinking about selling your practice to the team currently employed within your firm? The first thing you must do is determine whether the potential buyers will have the ability to buy it.

Physician Incentive Planning

Many physicians in business today will not be able to retire on the funds they have in qualified retirement plans. In fact, your top management team might only have 30% of their pre-retirement income available from Social Security and the typical 401(k) plan.

Physician Partnership Counseling

Many businesses find themselves in conflict due to the unique makeup of their shareholders. In situations where conflict is occurring, it can be very important to bring in an independent third party to help all members of a practice work through the problems and arrive at solutions in the best interests of the practice.

Shareholder Succession & Exit Planning

When should I sell my practice and retire? If you are thinking about selling, you also might be asking yourself other questions. Who should I sell to? When should I sell?  Should I retire or move into another business? How will I end up financially when it is all done? Physician Advisors understands how important it is to find the right answers to these questions.

Physician Wealth Building Study

As your medical business matures, you should be looking at two ways to build personal wealth. First, you can remove enough profit each year to accumulate wealth. Second, you can grow your practice or medical group, then sell your interest at a future date.

Physician Strategic Planning

The best plans and the best people will be completely ineffective if those plans are not implemented. Strategic planning processes from Physician Advisors help you grow revenues, profits and organizational capabilities by helping you create a solid plan with the highest potential of realization. We show you how to address all aspects of your organization equally, rather than emphasizing one at the expense of others.