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Top Docs Radio on Midtown Business RadioX Spotlights the Medical Association of Georgia

ATLANTA, GA–(Marketwired – December 17, 2015) –  On November 16, 2015, Top Docs Radio welcomed to the studio Donald Palmisano with the Medical Association of Georgia (MAG) and Dr. John Rogers with Coliseum Northside Hospital. Host CW Hall led this month’s MAG special to talk about the challenges and concerns arising from recently-proposed mergers between large health insurance companies that will significantly reduce the amount of competition in the space for Georgians to choose.

Donald Palmisano is the CEO and Executive Director of MAG. The Medical Association of Georgia (MAG) is the leading advocate for physicians in the state. MAG focuses on legislative, legal and third party payer issues. Serving as the Co-Medical Director of Coliseum Northside Hospital, Dr. John Rogers is also a MAG delegate from Bibb County. The studio discussion focused on the fact that Aetna/Humana and Anthem/Cigna are in the process of merging. At the same time, health insurers are offering insurance policies to the public that do not have adequate coverage, resulting in more out of network charges by physicians.

Aetna/Humana and Wellpoint/Cigna have proposed mergers in the health insurance market. If these inadequate policies are being offered in the current environment, MAG is concerned about how patients will be negatively impacted with a further narrowing of the networks and increased physician reliance on out of network charges.

MAG recently sent a letter to the U.S. Department of Justice to call for it to scrutinize the mergers for antitrust violations. According to Palmisano, “We believe the mergers would reduce competition and place physicians and their patients at an even greater disadvantage as a shrinking number of health insurance companies gain increasingly-dominant positions in the marketplace.”

“Physicians have little-to-no leverage to negotiate contract terms with these multi-billion dollar conglomerates,” explained Dr. Rogers, “which are imposing take-it-or-leave-it agreements and unilateral, mid-term amendments with growing impunity.”

Gone unchecked, a few insurers will be in a position to manipulate the marketplace to institute policies that will exacerbate the physician shortage and undermine the economic viability of the practice environment in the state, and limit the accessibility of care and individual patient choice.

To learn more about MAG’s position on healthcare mergers, listen to the entire interview onTop Docs Radio.

About Top Docs Radio:

Top Docs Radio is a forum for conversations with leading doctors and thought leaders. Discussions are about cutting edge trends and topics in health, wellness and lifestyle issues. Top Docs Radio is presented by Hyperbaric Physicians of Georgia and is hosted by Charles “CW” Hall. The program airs live every Thursday at Noon Eastern.

About Business RadioX®:

Business RadioX® interviews dozens of innovative entrepreneurs and successful leaders each week. Its mission is to help local businesses Get the Word Out about the important work they’re doing for their market, their community, and their profession. With a pro-business slant and a long-form interview format, guests don’t have to worry about being ambushed or talking in “sound bites.” Guests have enough time to tell their whole story and to share their insights and experience without interruptions. Business RadioX® hosts are business professionals interviewing their peers, drilling down on the critical issues, and delivering practical information to an engaged business audience. Business topics that are frequently covered include: Law, Finance, Healthcare, Technology, Trade Shows, B2B Marketing, Venture Capital, Training and Development and other issues impacting the business community. For more information, visit: http://businessradiox.com.

 

 

Top Docs Radio on Midtown Business RadioX Explores Self Funded Insurance Plans

ATLANTA, GA–(Marketwired – November 19, 2015) – On November 9, 2015, Top Docs Radio welcomed to the studio Alan Conner with My Professional CFO. Host CW Hall sat down with Conner to discuss self funded insurance plans for contractor physicians.

Conner is a tax and accounting expert who works with a wide range of companies and professionals, including physicians. He founded My Professional CFO to take the mystery out of small business accounting, tax planning, and wealth management so a professional can focus their entrepreneurial energy on growing business and satisfying clients.

In addition to providing basic accounting and payroll functions, Conner also helps physicians develop effective, legal tax strategies, including self funded insurance plans to reduce their tax burden and risk at the same time. “Many physicians work as 1099 contractors for the respective practice they serve,” explained Conner. “In this relationship, the doctor receives a gross paycheck with no tax withheld. In this situation it is vital for the provider to plan for their tax obligation and pay it in a timely fashion or they face between 5-10% penalties, which can quickly add up to significant amounts, based on the numbers they’re working with.”

Conner shared with listeners several options available to physicians that work as 1099 contractors, including self funded insurance plans, pension plans, SEP IRA’s, and others, that will help them preserve their hard-earned revenue for later while protecting them from risk such as loss of medical license should that occur.

To learn more about Conner and My Professional CFO’s services, listen to the entire interview on Top Docs Radio.

About Top Docs Radio:

Top Docs Radio is a forum for conversations with leading doctors and thought leaders. Discussions are about cutting edge trends and topics in health, wellness and lifestyle issues. Top Docs Radio is presented by Hyperbaric Physicians of Georgia and is hosted by Charles “CW” Hall. The program airs live every Thursday at Noon Eastern.

About Business RadioX®:

Business RadioX® interviews dozens of innovative entrepreneurs and successful leaders each week. Its mission is to help local businesses Get the Word Out about the important work they’re doing for their market, their community, and their profession. With a pro-business slant and a long-form interview format, guests don’t have to worry about being ambushed or talking in “sound bites.” Guests have enough time to tell their whole story and to share their insights and experience without interruptions. Business RadioX® hosts are business professionals interviewing their peers, drilling down on the critical issues, and delivering practical information to an engaged business audience. Business topics that are frequently covered include: Law, Finance, Healthcare, Technology, Trade Shows, B2B Marketing, Venture Capital, Training and Development and other issues impacting the business community. For more information, visit: http://businessradiox.com.