One of my goals with Physician Finance Basics is to connect my readers with the good folks in the finance industry. If you’ve read my origin story, you have a pretty good idea why I’m gung-ho about this.
The Recommended Resources listed here are paid sponsors of the site. This, in no way, detracts from the fact that I trust them and hold them in the highest professional regard. I have personally worked with many of them.
I hope you will have a great experience with anyone you choose to work with. Please let me know how it goes- both the good and not so good- so we are all better off for it.
By choosing these advisors, you are helping support the mission of this site, so a sincere thank you!
We start off with small private practice resources and then the personal finance resources. Thank you for supporting those who help keep the lights on at this site.
Billing Companies
1. Billed Right
In 2006, two business partners, Saurin Patel and Dave Patel had a vision of creating comprehensive services that can help improve medical billing operations. They started by listening to doctors and building a service model around what doctors need the most. As a result, Billed Right’s Revenue Cycle Management (RCM) model was born.
At Billed Right, our mission is to empower doctors to focus on delivering unsurpassed patient care, through our strategic partnership of Revenue Cycle and Operational Management. The focus continues to be on solving the problem, and evolving our services to add more value. We expanded to provide add on services such as documentation management, authorizations and referrals, credentialing and contracting and many others as we want to be one solution for all administrative and billing pain areas.
Billed Right’s advanced RCM and Operational Management revolve around personalized service in today’s corporate world, while still cutting costs and improving both patient care and practice revenue. Our focus continues to be on solving the problem and adding value to your practice and we help deliver this through actionable data and proven strategies to eradicate every day billing issues.
No matter what challenges physicians face with the ever changing regulations and guidelines, we never waver from our goal to help empower physicians. Our focus on coding education, expertise in clinical and billing workflow and process engineering as well as our organization operational maturity sets us apart and helps us take your practice to a whole new level.
Contact: BilledRight.com. Maryan Hennen (mhennen@billedright) P: 321-282-3063.
Medical Website Design
1. Nina Interactive
Nina Interactive offers custom web design, content writing, logo design, and on-site SEO services for solo and group medical and dental practices, doctor-managed blogs, and healthcare-related businesses. We meticulously design and custom-tailor each website to the client’s unique preferences and needs, provide logo and branding design upon request, optimize the website for search engines, and work with the practice to create custom-written content for the website. Our clients are almost exclusively doctors and dentists, and our services are offered nationwide and abroad. We have extensive web development experience, an established reputation in the medical community, testimonials from many happy clients, and a large portfolio of high-quality website designs.
Nina Litovsky is the founder of Nina Interactive. As a professional designer, Nina personally creates all website designs and provides each client with individual, focused attention. Nina manages her lean team of developers and writers and ensures prompt, personalized service for each project.
What sets us apart? Our services are cost-effective and provide full value for your money. Our one-time fee is lower than that of other high-end design agencies. We don’t charge monthly fees and allow our clients to fully own their websites. We provide truly custom, high-quality original designs, and our websites can be easily editable by our clients without
any technical knowledge. We pride ourselves in the top quality and visual appeal of our websites, as well as in the highly personalized approach and concierge service that we provide to our clients.
Location: Sarasota, Florida.
Contact: Website, Nina@NinaInteractive.com, 617-230-7210
Small Business Retirement Advisor
1. Litovsky Asset Management
Litovsky Asset Management offers comprehensive retirement plan advisory and investment management services. We evaluate, set up and manage retirement plans including 401(k) and Defined Benefit/Cash Balance plans for solo and group medical and dental practices, and we serve in an ERISA 3(38) fiduciary capacity. Our clients are almost exclusively doctors and dentists, and our retirement plan services are offered nationwide.
Konstantin Litovsky is the founder of Litovsky Asset Management. As an ERISA 3(38) fiduciary, Konstantin’s job is to make sure that your practice has the best plan cost effectively and that your plan is managed prudently so that your plan sponsor fiduciary liability is minimized.
Fee structure : We charge a flat/fixed fee rather than an AUM fee and we use low cost index and passively managed funds (including Vanguard and DFA) to build model portfolios with an average expense ratio of 0.14%. Retirement plan advisory fees range from $3,600 – $20,000 with discounts available for multiple plans, and no fees are ever taken out of participant accounts.
Location: Sarasota, Florida.
Contact: Website, Konstantin@LitovskyManagement.com, ph: 508-292-8380.
Tax Strategists
1. Fox & Co CPAs:
Johanna Fox Turner has been a CPA since 1980, spending most of that time advising business owners how to grow and manage their practices while saving taxes in a sensible way.
Johanna’s partner, Laura Clifford, CPA and president of the firm, is the brains behind the complex world of doctor taxation. Laura has been with Fox since college and has been instrumental in building a loyal team who understands working with “white coats” and can communicate effectively without professional jargon. The Fox team helps doctors with practice startups and management, real estate investing, retirement plans, and basic year-round tax planning and strategizing.
Services at Fox CPA are an all-inclusive flat fee monthly subscription service. Your FPA (Fixed Payment Agreement) includes tax strategy/Q&A’s as you reach out, two annual tax projections and planning sessions (they reach out to you), and, of course, tax filing. FPAs also include tax audits and amended filing for any returns prepared by the firm.
Schedule a no-obligation initial consult with Laura or Johanna or call 270-247-6087 if you prefer to chat with one of the sassy Southern belles, Ludonna or Becca.
Financial Advisors
1. Fox and Co Wealth Management
Johanna Fox Turner, CPA, CFP™ started Fox & Co Wealth Management in 2007 in response to requests
from Fox CPA clients. She freely admits to being a total novice in the early days but used this time to
learn about the importance of being an advocate for clients rather than trying to sell products with
hidden commissions. She also studied and received her Registered Life Planner® designation under the
founder of the Life Planning movement, George Kinder. Being an RLP™ allows the FWM team to better
understand how clients’ emotions and experiences can impact their ability to articulate and achieve
their financial goals.
Starting out with a blank canvas gave Johanna and her soon-to-be partner, Michelle Neiswender, CFP™,
MBA, the flexibility to build a firm that embodies qualities that seem to resonate with medical
professionals, including:
- Strictly fee only with no commissions or AUM
- Flat-fee financial planning fees based upon your complexity, not your investment portfolio
- Tax knowledge and advice (we also have a sister firm, Fox & Co, CPAs)
- Emphasis on financial education for clients
Schedule a no-obligation consult online or call/email our Office Magician, Tonjia Brewer, at 270-247-
0555 to set up a time to chat and learn more.
Insurance Agents
1. Set for Life Insurance: Life and Disability Insurance
Set for Life Insurance is a nationally recognized independent insurance brokerage specializing in life and disability insurance for physicians and professionals since 1993. With Set for Life’s exclusive portfolio of discounts, they shop around to find the most suitable products at the best available rate in the marketplace.
What “sets” Set for Life Insurance apart is their vast knowledge in the industry and their ability to exceed their clients’ service expectations. For more information, visit www.setforlifeinsurance.com today to request a quote.