Life Lessons from Private Practice
I was just talking to a dear friend who’s starting up her own solo practice and finding out for herself the roller-coaster ride that this journey is. She may not be feeling it today, but what today is teaching her is priceless. The way life schools you, no book can. No private practice consultant, no […]
Understanding Medicare
I know, I know, you’re not 65 yet, and don’t plan to be for a long time. But if you’re a physician in the United States treating adult patients, chances are, you bill Medicare for your services, either a little or a lot. Unless you’re opted out of the system, altogether- like Direct Primary Care. […]
How to File Annual Report for LLC
I have two single member LLCs- one for my practice and one for this fun venture. I set them up last year on Florida’s SunBiz.org for $125 apiece and without breaking a sweat. It let me know at the time that I have to file an annual report every year, starting the year after the […]
How to start a Solo Private Practice
Hi readers, first off, an apology for the radio silence from my side. I have a new baby keeping me busy. No, not the human kind. Two of those are plenty. This one’s been a long-held aspiration- my own solo private practice. This post is a basic step-by-step on how to start a solo private […]
PPP2 Loan For Medical Practices
‘Tis the season for PPP loans again! March 2020 saw the launch of the ambitious original PPP Loan Program as part of the CARES Act- a $350 Billion forgivable loan program for small businesses. In large measure, the program was very successful and helped many small businesses keep from being shuttered due to the pandemic. […]
2021 E/M Changes and Guidelines
WCI Conference 2021 registration is open! The conference is live online March 4-6, 2021. Register through this link by January 5th and you get a swag bag delivered to you. Also, if you use this affiliate link, you get to download my Investment Policy Statement Template, making that important task less of a chore. This […]
Should I set up an LLC or S corp?
I often come across some version of this question on social media. It goes something like this: “I am going to be doing some moonlighting. Should I open an LLC or an S corp? Which one protects me more from malpractice?” Or, “I’m opening my own private practice. Is there a certain income threshold before […]
Simpler PPP Loan Forgiveness
In what is news no more, there’s a change to the PPP loan program. Specifically, to the forgiveness process. Here is the latest update on PPP Loan Forgiveness. Since almost the very beginning of the program, business lobbies have been asking for a simplification of the forgiveness program, so as not to burden already stressed […]
Provider Relief Fund Phase 3
On October 1st, 2020, the Department of Health and Human Services (HHS) announced a new $20 Billion in funding for healthcare providers at the frontier of the fight against the COVID pandemic. This is being referred to as Provider Relief Fund Phase 3. Provider Relief Funds To recap, healthcare entities have seen two other phases […]
PPP Loan Forgiveness Changes
Last updated: June 24, 2020: When the Greek philosopher Heraclitus said, “Change is the only constant”, he was probably looking ahead a few thousand years to the PPP Loan Program. Launched on March 27th, 2020 as part of the CARES Act- the Federal Government’s $2.2 Trillion Stimulus package in response to the COVID Pandemic- the […]
Paycheck Protection Program Flexibility Act
Last updated June 8, 2020: On June 3, 2020, the Paycheck Protection Program Flexibility Act (PFA) passed the Senate and is on its way to the President for his signature. This Act fundamentally changes a lot of the requirements for loan forgiveness- and is very borrower-friendly. This Act was in response to furious lobbying by […]
HEROES Act: What It Means For Physicians
Updated May 16, 2020 9:00 am: We have talked about the CARES Act before with regard to the loan programs and the other measures that impact physicians and their practices. This week, there are rumblings of another stimulus package to prop up the country and its economy in these trying times: the HEROES Act. It […]