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Four Phases of Physician Finances
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| From residents fresh out of medical school to established physicians nearing retirement, medical professionals have unique needs throughout each life stage. The four main financial planning phases are outlined below.
- Protection Phase (Average ages 27-34)
- Accumulation Phase (Average ages 35-54)
- Distribution Phase (Average ages 55-65)
- Legacy Phase (Average age 65+)
Burke Financial Group, LLC, has been the exclusive financial planning partner for Nashville Academy of Medicine members since 2015. Visit www.BurkeFG.com for more articles and information.
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Learn the Essentials of State and Federal Payment Reform on August 18.
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| Join TMA on August 18 for their CME Summer Roadshow. You'll get the comprehensive training you need to make sure you get paid in the emerging pay-for-performance environment. Earn 5.5 Hours of CME and learn about topics from MACRA and MIPS to TennCare Episodes of Care and risk-based diagnostic coding. Register Here.
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| Tennessee Health Care Innovation Initiative (THCII) will host Episode Design Feedback Sessions on July 19.
Episode feedback sessions are an opportunity for the public to comment on what is working well with each episode's clinical design and where providers would suggest changes for next year. The episode design feedback sessions are open to anyone who RSVPs.
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Direct Primary Care Agreement (DPCA) Clarification:
The Tennessee General Assembly passed the “Health Care Empowerment Act" this year and it was effective July 1, 2016. The TMA Legal Department offers clarification on this new law online here. This law states that direct primary care agreements or DPCAs:
- Are NOT considered insurance;
- May be entered into by a patient and a physician and doing so does not forfeit the patient’s insurance benefits by paying the physician directly;
- Allow a physician to bill a patient directly as long as the physician and patient have entered into a DPCA.
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| Wave 6 Call for TAG Nominations:
The Tennessee Health Care Innovation Initiative is seeking nominees for clinical experts to advise on the design of Wave 6 episodes of care. They are looking for clinicians in the following specialties:
- TAG: Neonatal
Neonatology, pediatrics, maternal fetal medicine, OB/GYN - TAG: Pancreatitis and Acute Diabetes Exacerbation
Gastroenterology, including advanced endoscopy, general surgery, internal medicine/hospital medicine, emergency medicine, critical care (adult and pediatric), endocrinology (adult and pediatric) - TAG: HIV and Outpatient Skin and Soft Tissue Infection
Infection disease (adult and pediatric), primary care, internal medicine, pediatrics, emergency medicine
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Thank you to
our sponsors:
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| 2016 Board of Directors:- Adele Lewis, MD
Chairman - Lee Fentriss, MD
President - Ralph Atkinson, MD
President-elect - M. Kevin Smith, MD
Secretary / Treasurer - Susan Briley, MD
- Rodney Lewis, MD
- Michel McDonald, MD
- V. Seenu Reddy, MD
- Jane Siegel, MD
- Richard Soper, MD
- Robin Williams, MD
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PCMH Applications
due August 1:
Primary care providers interested in participating should submit an application no later than August 1, 2016. The State will announce the first wave of 20 to 30 selected practices by September 1, 2016. These practices will begin the PCMH program on January 1, 2017.
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