Doctor’s Rounds™

*The views expressed by the authors below do not represent the views or opinions of MD Preferred Services.


What to Consider When Hiring a NP or PA

Tuesday, March 28, 2017

This article brought to you by NP PA Recruiters

As a physician, you understand the demanding level of work entailed with running your own private practice. Days are long and stress is up! Understandably, seeing patient after patient can take a toll on your mental state and leave you feeling exhausted. You may need some extra help, but adding another physician to your practice is not necessarily the most cost effective manner to go about it.

So what are the options to help you with alleviating some of that workload?

Well for starters, hiring a Nurse Practitioner or Physician Assistant is a definitely smart choice, as they are highly educated and trained professionals who are able to handle many of the same duties as a physician. So how do you know which one is best suited for your practice?

Well, here are some things to consider when you are going through the process of finding the best fit for your needs.  READ MORE

 

A Breakdown of How Student Loans Work

Wednesday, March 15, 2017

This article originally appears here.

Federal student loans are often the first step for students looking for help paying for college.

They’re not the only type of loans for college students, but they’re the most common and are different than private student loans. Here are some of the main differences:

1.  Federal loans offer lower interest rates and have more flexible repayment terms than private student loans.

2.  Private loans usually require a credit check and collateral, while federal loans don’t. Some federal loans may only require proof of need.

3.  Interest rates are fixed on federal loans, while private loans can have variable interest rates, some greater than 18 percent.

4.  Interest paid on federal student loans may be tax deductible, but not on private loans.

5.  Many private student loans require payments while you’re in school, while repayment of federal student loans doesn’t start until you graduate, leave school or change our enrollment status to less than half-time.  READ MORE

 

Charleston, SC - Meet Medical Director and Board Certified Dermatologist, Dr. Todd Schlesinger

Tuesday, March 14, 2017

Interview sent in by MD Preferred Realtor, Josephine Traina



Dr. Todd Schlesinger wears many hats in life, husband, father, Medical Professional, Business Owner and Medical Director. Through continuous creative activity and the joy of achievement as a medical professional, he has spread happiness to his staff and his clients. He has turned his passion into a great business by living his passion and creating great value for others. Dr. Schlesinger exemplifies what it takes to make a business great....heart and dedication and an unwavering commitment to do more for others than anyone else. His goal of "showing up" and staying authentic means staying true to who you are, what you do and who you serve. In an environment in which more human elements matter it creates value and benefits for all. I have watched first hand how he has influenced his staff around a compelling vision of the future, by inspiring them, showing them what’s possible and motivating them to make those possibilities real. His energy and focus help his team fulfill their dreams gives them a sense of purpose and leaves them with a profound sense of accomplishment when the work is done. Dr. Schlessinger believes that the dermatology practice is a noble profession that includes a broad range of surgical procedures; it allows me to see patients of, from babies to geriatrics; and I have the opportunity to make a positive difference in people's lives. He is living his true passion….. Love: do what you love to do, and love your staff, and your clients.  Continue Reading on Parkbench - Charleston

  READ MORE

 

4 Tips to Improve Your Resume During Employment Gaps

Monday, March 13, 2017

Life happens to everybody, and sometimes, individuals are forced to leave their job. From maternity leave to spouse relocation, there are a number of reasons why an NP or PA may have an employment gap on their resume.

While some cases are more justifiable than others, all gaps in employment that lost last longer than a month should be explained. Clarifying your situation is vital because recruiters and hiring managers are keen on knowing why these employment gaps occurred. This is especially true when submitting applications online, as software scans can eliminate candidates without continuous employment dates.

This often worries potential candidates who have been out of the job force for sometime and who may feel that their reasoning may read more like an excuse. Take heart in knowing that your personal situation was likely reason enough to require you to leave the field for an extended time. However, it’s still important that you address the situation effectively on your resume so you don’t set off any red flags against yourself.

At NP PA Recruiters, we understand that life can change in an instant, and with it, your personal circumstances. If you have been out of the medical field for some time, but are now ready to return and re-commit yourself to your passion of providing quality healthcare services, we can help.

While you are undoubtedly excited about your future prospects, it’s still important to point out and substantiate the past period in which you were unemployed. Consider the following four tips to help you fill in and explain your employment gap.  READ MORE

 

7 Tough Questions You Will Hear at the Interview (And Tips to Answer Them)

Thursday, March 09, 2017

You’ve made it through the application screening and onto the interview process—good work! But now comes the tough part—having to prove that you are the right candidate for the practice.

While standard interview questions should be expected (and can easily be searched online), interviewers also want to avoid hiring the wrong candidate, which can ultimately cost them time and money they don’t necessarily want to spend.

Because of this, your interviewer will likely ask you questions that are a little more unique in order to gain better insight into your mindset, and to see if you will mesh well with the practice.  READ MORE

 

Home Inspections For Doctors

Wednesday, January 25, 2017

Ricardo Roberts, President
Doctor Loan USA

As you search for the perfect home, your real estate agent may suggest that you get a home inspection before you close on a property. A professional home inspection can help you negotiate a better price, but it can also be expensive: the average cost of a home inspection is $315, a fee the most homeowners are required to pay upfront.

Despite the cost, home inspections provide borrowers with valuable information about their property before closing. This article covers the basic elements of a home inspection and provides practical advice that will help you find a certified home inspector, navigate the inspection process, and negotiate a fair price.

Trust us. You need a home inspection. And you need a good inspector to ensure you get the job done right.  READ MORE

 

FHA To Reduce Annual Insurance Premiums on Most Mortgages

Monday, January 16, 2017

Thanks to Cyndi Carver for sending this article over to us.

As the nation's housing market continues to improve, U.S. Housing and Urban Development Secretary Julian Castro announced this week the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA's new premium rates are projected to save new FHA-insured homeowners an average of $500 this year. FHA is reducing its annual mortgage insurance premium by 25 basis points for most new mortgages with a closing date on or after January 27, 2017. "After four straight years of growth and with sufficient reserves on hand to meet future claims, it's time for FHA to pass along some modest savings to working families," said Secretary Castro. "This is a fiscally responsible measure to price our mortgage insurance in a way that protects our insurance fund while preserving the dream of homeownership for credit-qualified borrowers." 

Full Story...  https://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2017/HUDNo_17-003  READ MORE

 

Home Prices Skyrocketing

Friday, December 09, 2016

By Cyndi Carver

Home prices have been skyrocketing in the Puget Sound area these past few years, rivaling the increases seen in California prior to the boom. Now with the interest rates edging upward (we knew this would happen), home buyers will be finding out they are losing buying power. What they qualified for in 2016 and did not buy because they couldn't find what they wanted. These same buyers will find that they lost buying power with the interest rate going up.

With 4.25% for a 30 year loan with $2000 a month payment, they qualify for a $400,000 loan. At 4.5%, they now only qualify for a $388,359 loan, a loss of $11,641 in buying power. at 5.25%, they will only qualify for a $356,347 loan, a loss of $43,653 in buying power.

This article from the Seattle Times gives a summary of the price increases in the Puget Sound area. The map is great for showing how each area around the sound for the month of November.

www.seattletimes.com/business/real-estate/panicking-seattle-home-buyers-spooked-by-rising-interest-rates-rush-to-buy  READ MORE

 

How to get more out of Public Service Loan Forgiveness

Tuesday, September 27, 2016



In our experience, few physicians understand how to take full advantage of the opportunities afforded them through PSLF (Public Service Loan Forgiveness), which could cost them upwards of $20,000-$40,000 per year depending on the amount, type of debt and personal circumstances.

On average new physician client begins medical residency with a staggering $250,000 of medical school debt (range of $0-$400,000). This is occurring during a time when how physicians are employed and the incomes they earn, are in flux2
  
The first step for a graduating student is to learn how to navigate and understand the government programs for loan forgiveness. There are several options to choose from but each requires an understanding of your distinct circumstances. It is not a simple decision as life changes.

Here are some considerations:  READ MORE

 

If You’re So Smart, Why Aren’t You Rich?

Friday, September 02, 2016

By: Anthony J. Ogorek, Ed.D., CFP
Ogorek Wealth Management LLC
www.ogorek.com

As we slide into the Labor Day holiday after the summer of summers in Buffalo, NY, the presidential election cycle is shifting into high gear. The bromide that ‘people don’t pay much attention to the race until after Labor Day’ may not hold true today with seemingly blanket coverage of the major party candidates. There is one major story or insight that has gone unreported until now. Let me share it with you.

The singular qualification that Republication presidential nominee Donald J. Trump cites in his quest for the Oval Office is that he is rich. Further, he extrapolates that since he is rich, he must also be smart; and by extension being a billionaire – he is very smart. Hence, only a very smart individual can straighten out the problems that so many of us view as intractable. 

I am not trying to rag on Mr. Trump, but his candidacy does bring up an interesting point that deserves further exploration. How many of us accept the precept that you have to be smart to have a lot of money? That many people may talk a good game about their smart ideas, but only the really smart are able to convert ideas into net worth. Is money the ultimate IQ test?  READ MORE