This article is a guest post by David Mandell and Jason O'Dell. Mandell is an attorney and lecturer. O'Dell is a financial consultant and lecturer. Both are authors of books for physicians and are principals of the financial consulting firm OJM Group.

There has been a steady increase in electronic health record (EHR) software adoption by physicians and hospitals. The value-add is tremendous, and with the government incentives now in place, this growth is a no-brainer. However, some major issues still remain.

This is a guest column from Carole C. Foos, CPA and David B. Mandell, JD, MBA.

While captive insurance companies have been part of the planning landscape for decades, physicians seem to be asking more about them here in 2011 than ever before.  Perhaps this is because of the financial, tax and legal efficiencies captives create and the fact that doctors today need to be more financially savvy than ever to continue to do well.  If your practice currently generates over $3,000,000 of revenues and you would like to take advantage of opportunities to improve the financial success you realize from your hard work without having to see any more patients, then this article may prove to be very valuable information for you. 

The handwriting on your prescription isn’t the only thing about the typical doctor that’s hard to understand.