The Florida Professional Education Foundation
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The Florida Professional Education Foundation

Author : danika-pritchard | Published Date : 2025-07-16

Description: The Florida Professional Education Foundation presents What You Do Not Know May Hurt You How Medical Practice Employees Can Bring Down a Practice Alan S Gassman JD LLM Lester Perling JD MHA Monday July 16 2012

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Transcript:The Florida Professional Education Foundation:
The Florida Professional Education Foundation presents What You Do Not Know May Hurt You – How Medical Practice Employees Can Bring Down a Practice Alan S. Gassman, J.D., LL.M. Lester Perling, J.D., M.H.A. Monday, July 16, 2012 www.flaproed.com Copyright © 2012 The Florida Professional Education Foundation If you have any questions or comments, or need assistance with the webinar program please contact Janine Ruggiero at janine@flaproed.com or 727-461-4823 1 THE BIGGEST MISTAKES DOCTORS MAKE Excerpt from: Creditor Protection for Florida Physicians Copyright © 2012 Haddon Hall Publishing, LLP The foregoing pages of this book are designed to show you how to protect you your family and your medical practice. Now we can talk about the biggest mistakes that doctors make, and how to avoid them so that you have assets to protect. You can read on to see what mistakes you may have already made, and what mistakes you can avoid making going forwards. THE BIGGEST MISTAKES DOCTORS MAKE: Failure to Maintain and Appropriately Use Independent Professional Advisors. We already discussed finding an appropriately qualified lawyer for your asset protec­tion and estate planning, but your arsenal of advisors should extend beyond your lawyer. Many of the calamities described below will be avoided if a medical practice has experienced advisors on board. The practice should consult with its advisors when making major practice decisions, and also periodically confirm that appropri­ate procedures and safeguards are in place. CPA: Quite often the quarterback of the advisor team will be a good, caring Certified Public Accountant who does extensive medical practice work. CPAs are often well versed in investments, business matters, and methods of financially theft-proofing a medical practice. CPAs should prepare quarterly or monthly financial statements for the medical practice; these statements should involve a review of accounts receivable, cash flow and general practice financial information. CPAs should prepare quarterly or monthly financial statements for the medical practice; these statements should involve a review of accounts receivable, cash flow and general practice financial information. (b) Attorney: An experienced lawyer who represents a number of medical practices should have sufficient experience to help physicians avoid terrible problems before they occur. 2 Copyright © 2012 The Florida Professional Education Foundation Just as physicians advise patients to have an annual check-up, a medical practice client should confer with his or her lawyer on a periodic basis. Commonly the primary lawyer for the practice will refer matters

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