• Family of patient who died after orthopedic surgery wins $35M verdict against hospital
  • Orthopedic surgeon wins $20M verdict against Johnson & Johnson
  • Minnesota orthopedic group hit with $111M negligence verdict
  • Orthopedic patient's death highlights potential dangers of prior authorization
  • Spine surgeon's video hits 1 million views on TikTok
  • Spine surgeon killed in Oklahoma hospital shooting
  • Spine surgeon owes $17M to paralyzed patient
  • Providence to pay $22.7M to settle unnecessary spine surgery allegations
  • Spine surgeon gets jail time for abusing patient during hospital visit
  • 'They're on really thin ice': Why 1 insurer has drawn spine surgeons' ire
  • Connecticut hospital to appeal $12.5M verdict to family of patient who died after orthopedic surgery
  • Orthopedic surgeon must face suit in patient's death
  • Spine surgeon 1 of 9 physician billionaires on Forbes' 2022 list
  • 23 spine device companies to watch in 2022
  • 4 spine technologies that promised more than they delivered
  • Orthopedic surgeon salary vs. average household income in each state
  • Orthopedic surgeon's health system exit steeped in controversy
  • Terminated orthopedic surgeon contracts with another New York hospital
  • Orthopedic surgeon convicted of battery at hospital
  • Billionaire spine surgeon buys $23.9M mansion
  • UArizona neurosurgery chair dies after motorcycle collision
  • Texas spine surgeon sued by State Farm over 'unnecessary' procedures
  • The spine tech surgeons say will explode in the next 5 years
  • Could Medtronic's spine business be the next medtech spinoff?
  • Ex-NFL player gets 5 years in prison for $2.9M healthcare fraud scheme
  • 41 'rising stars' in orthopedics
  • Orthopedic surgeon indicted in $10M telemedicine fraud scheme
  • Neurosurgeon's startup hits $1.2B valuation
  • Orthopedic surgeon fined for operating on wrong knee
  • Lawsuits build against Aetna's spine surgery coverage
  • Good news, bad news for orthopedic surgeons: 6 observations
  • Former spine surgeon owes $13M to 2 women over unnecessary procedures
  • Walmart's latest partnership pushes retailer into spine care
  • Texas spine surgeon's $11M verdict being appealed
  • 10 power players in orthopedics
  • Rothman Orthopaedics to become national brand, but no 'aspirations to go beyond US'
  • Sports medicine physician fired amid misconduct allegations involving patients
  • Orthopedic surgeon allegedly exaggerated patient visits to defraud insurers
  • Top orthopedic hospital in every state: US News
  • Orthopedic surgeon asking for misconduct charges to be dropped
  • Beware of these 5 common physician investment mistakes

    Beware of these 5 common physician investment mistakes

    Laura Dyrda -  

    Medscape recently published a report covering five common investing mistakes physicians make.

    1. Partnering with colleagues on medical ventures. Physicians may get excited about a project or new technology in the medical field that could improve their practice without realizing that it isn't feasible or would be crushed by competition. For example, physicians have invested in businesses to start an HMO or other insurance organizations run by other physicians and lost their entire investments. Others invested in treatments that insurance companies wouldn't pay for. The article recommends getting a financial advisor involved early and to stay updated on the company once you have invested.

     

    2. Jumping on a hot trend. Physicians reported investing in dot.com companies before the "tech bubble" burst or purchasing high-yield stocks right before they started doing poorly. Physician investors can avoid this fate with a diversified portfolio and setting targets for each allocation.

     

    3. Investing in start-ups that don't get off the ground. Start-up projects might be half-developed ideas, lack financial backing or be a scam. Physicians also lend to friends and families for their projects, with new restaurants being particularly popular. The article suggests doing due diligence on the project's finances and the principles' track records. Make sure there is a business plan and understand the ownership structure.

     

    4. Investing in an easy money scam. The pitch might sound legitimate, but physicians are sometimes scammed into bad investments. Many respondents said they lost money on "low risk" oil and gas partnerships, life insurance policies and funds that ended up being a Ponzi scheme. The article recommends if it seems too good to be true, it probably is; physicians can also lean on financial advisors for guidance.

     

    5. Real estate investments. Real estate investments can decline in value depending on the neighborhood or a downturn in the real estate market. Physicians reported investing in vacation homes, oversized homes and lots that couldn't be built on. To realize a positive return on the investment, real estate investors do their homework to understand the local market and purchase at favorable prices for buyers. Make sure to have an accountant or financial planner review the deal.

     

    Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

    Featured Learning Opportunities

    Featured Webinars

    Featured Podcast

    Featured Whitepapers