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2015 Report on U.S. Physicians’ Financial Preparedness

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2015 Report on U.S. Physicians’ Financial Preparedness

Summary-Young-Physician-995x319.jpg The 2015 Report on U.S. Physicians’ Financial Preparedness: Young Physicians Segment paints a clear picture of the financial challenges young physicians face. They typically begin their first year of practice 10 years behind their undergraduate peers in other professions, having lost an estimated $71,000 in potential savings during those years of training. Then, as their income builds with a maturing career, so do their family responsibilities, and added to that, many are paying off a medical school debt of $150,000 to more than $200,000.2 Young physicians cite their top personal financial concern as having enough money to retire followed by funding their children’s education – but they often have minimal savings. In short, they are at a financial crossroad as they jump-start their career. Read more on AMA Insurance
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PracticeAdmin’s cloud-based medical billing and practice management (SaaS) solutions provide billing companies and medical practices with a powerful platform to manage patient data and claims. It integrates with leading EMR and EHR systems and is an efficient and cost effective system for scheduling patients and performing complex medical billing.

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