Category: Blog
Physician Revenue Metrics: Lessons From the Pandemic
Oct 14, 2021 | Blog | ShareWe do not need to tell you that the pandemic hit medical practices hard. As fewer patients scheduled appointments and non-essential care was paused, physicians were left with fewer options—and their revenue dropped. According to a 2020 MGMA survey, the average physician-owned practice lost between $78,000 and $175,000 in revenue per full-time doctor in 2019-2020. While we are starting to get a handle on the pandemic, that means your practice has some catching up to do. In this article, our physician and medical practice attorneys highlight some lessons we learned and suggest practical steps you can take to improve your […]
4 Meaningful Ways to Increase Your Medical Practice’s Revenue
Oct 1, 2021 | Blog | ShareOver the past several years, medical practices (especially primary care practices) have struggled with their revenue streams—and the COVID-19 pandemic accelerated this trend. In an AMA survey, most doctors noted a significant drop in revenue during the pandemic; the average decrease was 32%. Addressing these issues requires a multifaceted approach that embraces both new trends in healthcare and well-established best practices. Here, our physician and medical practice attorneys suggest practical steps you can take to improve your practice’s profitability and revenue stream. 1. Identify Missed Opportunities With a Gap Analysis Even if you have a well-established medical practice, it is […]
Crohn’s disease and inflammatory bowel disease (IBD) are often considered “invisible disabilities,” but they can have a profound effect on your life. It can be impossible to work when you need unscheduled restroom breaks and live with chronic pain— not to mention the stress of living with other effects of the disease, like malnutrition and other serious symptoms. If you have Crohn’s disease and are considering filing for long-term disability insurance benefits, the attorneys at Bryant Legal Group want to help. We guide professionals throughout Chicago, Illinois, and the rest of the country through their complex disability insurance claims. In […]
Can I Get Disability for My Back Surgery? A Claimant’s Guide
Aug 31, 2021 | Blog | ShareAn estimated 60 to 80 percent of us will experience back pain during our lifetime. When conservative treatment options like injections and physical therapy do not control your chronic back pain, surgery might be your next option. If you are facing a spinal surgery, you are not alone. Between 1998 and 2008, the number of back surgeries performed in the U.S. increased by more than 250%. More than a million people each year undergo these invasive operations. Most people are unable to work while recovering from a back surgery. During this period, you may qualify for monthly disability insurance benefits […]
Is It Possible to Work With Dementia? (And When Is It Time to Leave Your Job?)
Aug 10, 2021 | Blog | ShareIn 2011, legendary basketball coach Pat Summitt announced that she had been diagnosed with early-onset dementia. She continued to coach the Tennessee Volunteers for another season with support from her staff. While this seemed novel back then, Coach Summitt’s story is increasingly common today. Doctors are diagnosing dementia earlier and earlier. That means that many people—especially people with early-onset dementia—are trying to figure out how to manage their professional lives and their condition simultaneously. If you or a loved one were recently diagnosed with dementia, you have options. Sometimes, you can manage your condition and workload—at least for a while. […]
Why Was My Loved One’s Long-Term Care Insurance Claim Denied?
Jul 28, 2021 | Blog | ShareAs we age, our chances of needing long-term care increase—and about 53% of us will need some form of long-term care for more than a year. In 2020, the average cost of a private room in an Illinois nursing home was $84,312. In the greater Chicago area, it cost $102,384. Even if you have significant assets, these costs might seem unmanageable. That is why many people invest in long-term care insurance to help reduce this financial burden. When the insurance company denies your loved one’s long-term care claim, it can feel like a violation of trust. After all, your family […]
We have learned a lot about COVID-19: how it is transmitted, how we can fight the disease, and who is most at risk. However, we are only just beginning to understand how the virus affects our bodies over the long term. If you are one of the roughly 30% of coronavirus patients who are living with long COVID or post-COVID symptoms, you might be eligible for long-term disability insurance benefits. In this article, our team explores some of the emerging research regarding long haul Covid and your options if you can no longer work due to the disease. COVID-19 Can […]
Not Returning to Work After Short-Term Disability? What You Need to Know
Jun 30, 2021 | Blog | ShareMost people expect that they will recover quickly after a surgery, unexpected illness, or injury. They file a claim for short-term disability assuming that they will soon be back to work. Unfortunately, sometimes things aren’t that simple. Most short-term disability plans only pay monthly benefits for 6-12 months. If medical complications or other issues keep you away from work for longer, you will need to consider other options, like long-term disability insurance. In this article, the experienced attorneys at Bryant Legal Group outline common next steps when your disability lasts longer than your short-term disability coverage. Not All Disabilities Are […]
“Own Occupation” Disability Insurance Policies: A Guide for Doctors
Jun 10, 2021 | Blog | ShareYou have probably heard that doctors and other medical professionals should invest in “own occupation” disability insurance. However, many physicians do not realize that insurers sometimes include loopholes and unfavorable terms in their private disability insurance policies—which are sometimes discovered only after you file for short-term or long-term disability. In this blog, our disability insurance lawyers outline three things you should look out for in your policy. We will also suggest ways to improve your chances of getting the benefits you deserve. What Is an “Own Occupation” Disability Policy? Most private insurance policies include one of the following definitions of […]
Long-Term Disability: Dentists Should Take a Proactive Approach
Jun 9, 2021 | Blog | ShareWhen was the last time you reviewed your long-term disability (LTD) coverage? If you’re like most dental professionals, it’s been a while—and there’s a good chance you’ve outgrown your coverage. The COVID-19 pandemic has painfully reminded us how an unexpected pause in your practice can be catastrophic. That’s why I’m encouraging you to review your policy and take a proactive approach to disability planning. Dentists Face a High Likelihood of Disability Dentistry takes a toll on your body. Even if you’re not stooping all day, research shows that a dentist’s static posture, use of hand tools, repetitive motions, stress, and […]
