Creating a budget and a plan will show you how much money is coming into your medical practice and how those funds are being spent as well as provide you with a clear picture of your practice’s finances and what you can expect on a yearly basis. Here are a few tips you should keep […]
Outside of patient care, a physician’s input, knowledge, expertise and skills are highly valuable to an endless amount of corporations. Today, we’re presenting 10 different types of consulting gigs for doctors: Market research. Healthcare market research investigates new medical products or services and whether it is financially practical. The inventors of medical products and services […]
Catch up on Part 1 before starting Part 2! Business plans are one of the most important strategic tools for any aspiring business owners, including physicians who are seeking to own a medical practice. Quite often, business loans from the bank are contingent on the approval of business plans. To be successful in opening your […]
Grant writing is a skill that can be improved with training and endurance building. It is an important exercise commonly practiced among academic physicians which help establish and maintain their credibility and status. Aside from attaining accomplishments and promotion, funding provides the opportunity and autonomy to practice independence in developing and validating ones’ ideas. […]
Most social media users would agree that the top 5 social media platforms are: Instagram, LinkedIn, Facebook, Youtube, and TikTok. If you are a physician who is considering a social media presence, read on about the 5 most popular platforms and how you can utilize them to accelerate your career: Arguably the most popular platform, […]
Originally posted on medvisory.ca listen to the blog in audio format! Most people assume owning rental income property is the only option when it comes to investing in real estate. There is however an array of options available to individual investors who want to passively invest in real estate. What are some of these options? […]
Originally posted on medvisory.ca listen to the blog in audio format! Not many people know that you can use your RRSP or TFSA accounts to also invest in real estate. Yes, believe it or not, mutual funds and stocks are not the only investments that are RRSP eligible! And no, I am not talking about […]
Listen to the blog in audio format! Pharmaceutical startups are working hard at changing the story surrounding chronic diseases, and they’re looking for physicians’ inputs and expertise to help them. Unfortunately, chronic diseases affect a huge percentage of the population and some of the treatments offered are ineffective, have terrible side effects, or no treatment […]
Listen to the blog in audio format! Becoming a physician requires a tremendous amount of time of effort invested in their education and patient care. Once disabled, often we do not have the option to pursue a second career to fulfill our financial obligations and protect our income. It is crucial for every physician, including […]
Many of you are probably thinking about setting up your own practice, whether it is group practice, Associations and Partnerships, solo or private practice, hospital-based employment, or locums. We are outlining the various types of practices in today’s blog. Group Practice Two or more physicians with the same or different specialties providing medical care in […]
