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Archive for March 5th, 2010

Doctor Dollars

This CNNMoney.com article is fascinating, at least to me.  A doctor opens up about his clinic/practice in terms of the financials of it.  As a small business owner, I have a complete appreciation for the decisions he has to make in terms of his business.  At the end of the day, it is a business.

If you think your business has to fund some extraordinary insurance policies, wrap your mind around this information:

Fixed costs for a private practice also include malpractice insurance. He pays about $7,000 a year for himself and $2,000 each for his two nurse practitioners. Schreiber admits that his cost for malpractice insurance is relatively low, compared to specialists such as ob/gyns, who pay upward of $100,000 a year.

I just about did a spit take that would have showered my laptop with coffee.  Anyway, it is an interesting read.