Legal, Finance, Billing & Coding

Dear Derm Authority with Dr. Dendy Engelman
by Dr. Dendy Engelman on
What was the most important lessons I learned my first years out in practice? Keep your eyes open, figuratively of course. In the field of medicine, things are changing so fast (yet so slow) so keep your eyes open and absorb every bit of information. Just because residency is over, it doesn’t mean you’re done with learning. Every 8 years, the amount of medical information doubles, so you ha …
Financial Matters Part 2 – Saving During Residency
financial saving
by ANNA H. CHACON, MD on
Saving during residency and fellowship can be difficult – many training programs are in large cities where the cost of living, transportation, food and rent can be quite high. With each step, we continue our journey of becoming experienced doctors, however at some point we feel lost because we don’t receive much financial planning advice. With medical school debt on our shoulders and specialty …
Financial Matters Part 1 – Repaying Loans
loans
by ANNA H. CHACON, MD on
A comprehensive understanding of the repayment process for paying back student loans is essential in building a solid financial foundation early on. It’s important to remember that student loans are real loans, just like mortgages on your house or a loan for your car. You must repay student loans even if financial circumstances become difficult or you’re facing unexpected hardships. Unfortunat …
Weighing Your Values: Time vs Money
Time vs Money
by DORIS DAY, MD on
No one I know decided to become a physician to be rich or famous. It’s a calling and a passion and we’re fighting hard to keep it that way. Being a dermatologist is a little different than many other fields of medicine because we also have a subset of us that practice aesthetic medicine as part or all of our area of expertise. The draw to aesthetics, selling products and performing procedures …
Understanding Physician Compensation in Private or Multi-Specialty Practices
compensation
by AHMAD SHATIL AMIN, MD, FAAD on
You may have received advertisements and flyers in the mail highlighting attractive starting or base salaries. This is the way many practices lure young graduates. A high base salary is great, but often these base salaries are only guaranteed for one to two years. After that point, you are likely to be compensated on some form of a production model that takes into account your work output or how m …