This financial expert blogs on financial information, advice, and news you can use.
ABOUT TERRI CULLEN, Managing Editor, Physician's Money Digest
When Physician's Money Digest
launched as a monthly print publication in 1994, the United States was powering out of its last recession, the economy was growing at a healthy 4% clip and unemployment was at its lowest levels of the decade. But Healthcare Reform under then-President Bill Clinton had just belly-flopped spectacularly, and doctors were fuming that legislators had failed to fix the flawed Medicare physician payment formula or nationwide medical liability reform.
Flash forward to today: The economy is struggling to claw its way out of the deepest recession since the Great Depression, and long-term unemployment is a record levels. But health care reform under the Obama administration passed with great fanfare--yet we're still are no closer to fixing the flawed Medicare physician payment formula or nationwide medical liability reform nor have we addressed reimbursement issues for pharmacists.
In my 13 years as a senior editor and columnist for The Wall Street Journal Online
, I witnessed entire industries adapt and change in response to advances in technology and the changing global economy. But rarely have I seen a profession undergo such a dramatic reversal in fortunes in such a short amount of time.
The tough decisions law makers continue to put off until tomorrow are today causing an alarming number of doctors--and other health care professionals--to put off retirement, close or limit their practices, or eschew primary care as a profession entirely. In addition to providing customized personal finance and financial planning advice, this new blog for Pharmacy Times
will cover financial topics of concern to all pharmacists as well--and I will answer specific questions from pharmacists as they plan their personal financial futures.
Now, more than ever, all health care professionals need to focus on their financial health, and this includes pharmacists from every segment of the profession. As Managing Editor of Physician's Money Digest
, I remain committed to bringing readers the latest in-depth news, personal financial advice, and investing information that directly impact your practice and your pocketbook. Please continue reading here for financial information that will help you in your personal and professional life.