Tax Strategies and Estate-Planning Tips for Physicians | Optimum Perm

Tax Strategies and Estate-Planning Tips for Physicians

And four more news items for physicians, nurse practitioners, physician assistants, and CRNAs to peruse this week.

  • In a December 11 blog post, BeamaLife covers the topics of tax deductions and smart estate planning for physicians. The national financial planning firm for high-net-worth individuals and corporations recommends doctors opt for retirement funds and speak with an estate lawyer and tax specialist to save on taxes.
  • Accenture and the American Medical Association surveyed 1,300 doctors in the United States between July 2017 and August 2017 to evaluate physicians’ experience and stances toward cybersecurity, data management, and compliance with HIPAA guidelines. An infographic of the findings reveals that 83 percent of the respondents experienced some kind of cyberattack (e.g., phishing and viruses) and 55 percent are quite concerned about future cyberattacks.
  • Medical Economics asked members of its Editorial Advisory Board and Reader Reactor Panel what advice they would give to their younger selves about practicing medicine when they were in medical school or residency. Among the featured responses are “Be better prepared to learn, understand, and keep up with the changes in coding,” and “Always remember that it is all about taking good care of patients. Everything else is noise and craziness you can roll with.”
  • The question “What would our healthcare system look like if doctors spoke the same language as engineers?” was addressed during a recent podcast on the Marketplace radio program. Thanks to Enhealth, a new program launched at Texas A&M, we should know fairly soon. It incorporates engineering into all colleges included in the healthcare enterprise, with the goal of producing students who are better equipped to become more efficient in problem solving.
  • Night Shift—a video game featuring a fictional, fledgling emergency medicine physician providing care for severe trauma patients—fares better than text-based learning in preparing clinicians to swiftly identify patients in need of higher levels of treatment, as reported in a EurekAlert! public release. Created by Deepika Mohan, MD, MPH, assistant professor at the University of Pittsburgh School of Medicine, in partnership with Schell Games, it is designed to tap into the part of the brain that employs pattern recognition and previous experience to make quick decisions.

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