INSIGHTS
Knowledge, Information and Actionable Advice
The act of adding medical practice value through an administrator’s eyes
CIG Capital Advisors’ managing director Yusuf Hai authored
a recent article for Fierce Healthcare where he discusses how
physician-owners can assess growth metrics in their medical practice and make
adjustments that may affect the practice’s value with an eye toward
a future sale:
“The
act of adding medical practice value through an administrator’s...
Easing into Retirement
Given the physical and emotional demands of their
profession, it’s little wonder that some physicians look forward to retirement.
However, many other doctors nearing retirement age are reluctant to turn their
backs completely on their profession and would rather find a way to ease into
retirement.
What should you do if retirement is on the horizon but you would prefer...
New Year Resolutions for Better Financial Health
As we approach the new year, it is a good idea to examine and review a financial health checklist and make changes as necessary. Here is a list of some of the items the CIG Capital Advisors Wealth Management team recommends you review as part of your resolution for better financial health in the new year and to help establish good personal finance habits in the years...
CIG Asset Management Update December 2019: When Others are Greedy
November was a “risk-on” month, with the CNN Fear & Greed Index(1) reaching the “Extreme Greed” level. With the Federal Reserve buying more treasury bills than they ever bought in prior Quantitative Easing (QE) periods(2), a variety of U.S. equity indices did very well last month. The S&P 500 Index(3) returned 3.4% while riskier small company stocks,...
Selling Your Practice? Important Issues To Consider
Physicians sell their medical practices for a variety of reasons — dissatisfaction with the demands of running a business, the desire for a less strenuous work schedule, frustration with insurers, retirement. If you are thinking about selling your practice, there are several steps you could take now that could help you maximize the purchase price and ensure a...
Charitable trusts and the difference between a charitable lead trust and a charitable remainder trust
For many of us, philanthropy can provide great personal satisfaction. However, when properly planned for, charitable giving can provide financial benefits both today (as an income tax deduction and/or capital gains tax shelter) and in the future (when the amount of taxes your estate may owe when you die can be reduced).
There are many ways to give to charity. A...
CIG Asset Management Update November 2019: Optimism versus economic data: Has the market already priced in most of the good news?
U.S. equity markets reached new all-time highs at the end of October. The S&P 500 Index increased 2.0%.(1) Foreign stock markets continued their recent outperformance over U.S. equities as international stocks, measured by MSCI EAFE Net(2), advanced 3.6% last month and the MSCI Emerging Markets Net(2) was up 4.2%.
The Federal Reserve, as expected,...
Optimizing Your Medical Practice’s Income
Enhancing revenue and controlling expenses should be the primary financial focus of every medical practice.
Improving operational efficiencies can help bring a practice closer to achieving these financial goals. Here are some ways you can maximize your practice’s revenue stream and reduce costs without sacrificing patient care:
Keep Coding Current
Coding...
CIG Asset Management Update October 2019: The Undercurrent in the Markets
Equity markets finished a challenging third quarter of 2019 with positive returns. While the last three months have been held back by worries about trade relations and slowing economic growth, the quarter’s other dominating force of Central Bank (CB) easing won out in September, especially in Europe. International stocks, as measured by MSCI EAFE Net(1), increased 2.9%...
Measure Your Medical Practice’s Performance
Is your medical practice moving forward, standing still, or losing ground? You’ll know the answer if you compare different aspects of your medical practice’s operations to appropriate benchmarks.
What To Measure
There are two types of benchmarking: performance and process. Performance benchmarking compares a practice’s operating performance internally over time and...
What Ophthalmologists Need to Know Before Selling Their Practice to a Private Equity Acquirer
The private equity acquisition market has been heating up in recent years, and private ophthalmology practices whose physician-owners are in the market to sell stand to gain from the industry’s interest.
Part of the private equity market’s rush to acquire ophthalmology practices stems from a historically large surplus of cash– $2 trillion as of the end of 2018—waiting...
CIG Asset Management Update September 2019: The Surge in Safe-Haven Assets
Although global equities generally lost money in August, the S&P 500 Index(1) closed just 3.3% below its all-time high. However, investors’ uneasiness dramatically drove market participants concerned about the escalating trade conflicts, slowing global growth and possible Chinese incursions into Hong Kong to safe-haven investments. The number of dramatic daily moves in...
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