Financial Management

  • John J. Aluise

Abstract

Financial management is of critical importance in reaching the personal and professional goals that a physician has established. Financial management involves far more than bookkeeping. It requires planning and decision making which can affect the economic and legal viability of the organization. Since the financial aspects impact directly on the physician’s personal finances, the first part of this chapter addresses the personal dimension of finance, such as budgeting, investments, insurance needs, estate planning, and income tax. The second part of the chapter deals with similar topics from an organizational perspective. The last section covers the professional corporation, in terms of its economic and legal advantages, and the conversion of partnerships to professional corporations.

Keywords

Insurance Coverage Income Assure Expense Lution 

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Copyright information

© Springer-Verlag New York Inc. 1987

Authors and Affiliations

  • John J. Aluise
    • 1
  1. 1.Department of Family MedicineUniversity of North CarolinaChapel HillUSA

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