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Keep the profit, reduce taxes, protect assets: Own your own insurance company

from By David B. Mandell, JD, MBA, and Carole Foos, CPA

As medical reimbursements continue to shrink and healthcare reform looms large, a popular question we receive at conferences and in consults with medical practices is, "Would owning part of a small insurance company help my practice become more financially efficient?" If your emergency department practice currently generates over $3 million of revenue and you would like to increase profits, reduce taxes, protect assets and add flexibility to practice buy-ins and buy-outs, then this article should be of high interest. more

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