WHAT THEY DON'T TEACH YOU IN MEDICAL & DENTAL SCHOOL
By Ata Walizadeh, Ph.D. (310)207-0707
360° Approach to Financial Planning and Practice Management
Priceless advice for today's physicians and dentists, geared toward helping MD's & DDS's grow practices, increase wealth, and lead happier, less stressful lives.
Ata Walizadeh, P.h.D
Ata Walizadeh, P.h.D
Working with physicians, dentists, and other medical professionals over the last 50 years has provided Dr. Ata Walizadeh with valuable insights into their financial planning decision-making processes, and practice management. While some physicians are extremely successful, others struggle to adapt to the ever-changing healthcare environment. In terms of financial planning and securing retirement income, confusing information available online and clueless “advisors” have led many physicians to make misinformed choices, failing to achieve the desired results.
With the changes in the healthcare industry due to the Affordable Care Act, many physicians have felt the negative impacts on their private practices. Some have given up and are unable to accept the necessary changes to remain successful. Additionally, many physicians do not fully grasp the importance of leadership and their role in the community.
This book is designed to clarify the financial planning process by not only emphasizing its importance but also by highlighting eye-opening ways to manage it every step of the way. Dr. Walizadeh elucidates many ideas and concepts that may be unclear to many physicians, as these topics are often not covered in medical school. It focuses on both personal and business planning needs, addressing aspects of the financial planning process that many medical professionals overlook, potentially leading to disastrous results.
Moreover, many physicians do not understand the importance of the office environment, where patients are the central focus. This includes office design, staff management, the doctor’s leadership role, new labor law requirements regarding healthcare and employee benefits, compliance and security related to private information and HIPAA laws, as well as the critical online presence and patient reviews.
In essence, the book adopts an “outside looking in” approach, addressing both the micromanagement and macroeconomic aspects of successful financial and business planning. Reading this book will benefit not only physicians, dentists, and medical professionals but also any business owner by offering eye-opening ideas and concepts.
American physicians today face more challenges, choices, and complexities than ever before. The simple days of the sole practitioner making house calls and collecting cash for services rendered are long gone, replaced by endless compliance demands, malpractice concerns, staff management issues, and financial complexities. Many MDs are specialists in their practices, yet now feel they need to be experts in business, finance, and taxation. However, for busy physicians, their primary duty is to their patients, and becoming a jack-of-all-trades is hardly the path to outstanding patient care.
Physicians, help is at hand!
Dr. Ata Walizadeh has written this book with you in mind. He has spent decades providing solid, leading-edge advice to MDs that can help you in nearly every aspect of your professional life. If you are feeling overwhelmed and underappreciated, if you seem buried in mindless paperwork and undue risks, even if you are considering leaving the profession, don't despair. After all the money and hours you invested to become a physician (and as busy as you are!), invest a few hours in yourself and read Practice Management, 360.