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Financial Survey: Is your net worth keeping pace?
Thanks in large part to the recent housing boom, doctors' median net worth has grown over the past four years—from $700,000 in 2000 to $821,000 in 2004, according to Medical Economics' latest Financial Survey. Not surprisingly, doctors, like many Americans, are feeling more chipper about their financial outlook than they did in 2000—the last time we took an in-depth looks at physicians' personal finances. That year the market was grim, and only 37 percent of survey respondents said their situation seemed to be improving. In this year's survey, 51 percent think things are looking up.
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How to do it right
f you were shopping for new billing and scheduling software, you'd make sure that it worked before you bought it, right? But sometimes, when doctors buy an EHR that's going to be interfaced or integrated with a PM system, they treat the latter as an afterthought. To circumvent common EHR pitfalls, plan the deal carefully and don't rush things.
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Should you apologize?
Tempted to tell patients when you've made an error, but afraid that too much honesty isn't the best policy? Here's how to do it safely.
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