MEDIQ Financial

"When doctors get sick or injured from such work related incidents as needle stick injuries, bone dust inhalation, or even work-acquired HIV, their capacity to earn can greatly diminish. In some cases, this can render years of studies and training practically without value. Unfortunately, the nature of a doctor’s work and income is such that a regular life insurance policy may not be sufficient to cover the specific nature of their incapacitation or loss of income. What is needed is a comprehensive income protection for doctors that will give these professionals and their families adequate financial protection. Finding the right insurance policy for doctors is not an easy job, and these physicians could easily fall into the trap of settling for a standard life insurance policy. Medical finance specialists, like those at MEDIQ Financial Services, can help find excellent income protection insurance for doctors. These financial professionals have trained and laboured to identify the sp
http://www.mediqfinancial.com.au/healing-the-healers-finding-the-right-income-protection-for-doctors/

"New York Times blog columnist and editor Ron Lieber even says that among all professionals, doctors are some of the most vulnerable to the effects of financial blunders. While they may commit the same mistakes as the rest of the population, the amount of money they make can magnify the effects of these mistakes a few times over. Several factors can lead to the mismanagement of a doctor’s finances, and Lieber cites three of these. First, doctors tend to be impatient with regard to investments, given that they often start late on a flourishing career. Second, Lieber cites doctors’ trusting nature, something nurtured by the openness of the medical profession in general."
http://www.mediqfinancial.com.au/medical-accounting-providing-adept-financial-management-for-doctors/

"Doctors have to review and compare past and present policies to ensure they apply the correct coverage when billing for the services they offer. Otherwise insurance companies may refuse to cover expenses in relation to the new rules. This then can lead to financial issues on the doctors’ part, which may take considerable time and effort to unravel. Situations like this highlight the need for the services of medical accountants in Melbourne. Not only can a qualified medical accountant, like those from MEDIQ Financial Services, perform accounting tasks fundamental to the smooth operations of a practice, he can also be expected to be informed of any changes in the legal subsidy systems. This professional’s awareness of such possible changes can help him and the doctor lay down plans or strategies geared to cope with these changes. A medical accountant may be able to create multiple options to protect the medical practice from any issues with insurers and the ATO."
http://www.mediqfinancial.com.au/coping-with-the-changes-doctors-need-medical-accountants-in-melbourne/