Trendspotter: Physicians Need Relief From Administrative Burdens

Section 179 allows businesses to deduct the full purchase price of qualifying equipment and/or software during the tax year.

Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.

Medical professionals use advanced technology to deliver optimal patient care on the frontline, but data shows that many business offices in the healthcare industry are hesitant to do the same.

Physicians Practice® spoke with Colin Carr, CEO of Carr Realty, to find out what physicians and practice owners should know about real estate trends in early 2021 and the best practices in making commercial healthcare real estate purchases.

Physicians who buy into these facilities receive a share of the value and, depending on the facility will be required to invest some of their own surgical expertise there.

While the primary focus remains on providing exceptional patient care, a medical facility’s financial health is crucial for its sustainability and growth.