May 4th, 2023
When it comes to investing for doctors, understanding your risk tolerance is crucial. Risk tolerance encompasses two distinct factors: your willingness and ability to take risks. While your ability to take risks can be objectively assessed, your willingness is a more personal and subjective matter. As a doctor, it’s essential to recognize both aspects of […]
Continue readingMarch 18th, 2022
By William Ma, Director at MEDIQ Financial Running a profitable medical practice, or any business for that matter, is tough. Practice owners, who are usually the doctors in the practice too, are tasked with the responsibilities of attracting and retaining other doctors in their practice, recruitment and management of administration staff and nurses, as well […]
Continue readingMarch 24th, 2020
As a client of MEDIQ, you are at the front line of the COVID-19 epidemic. It is inevitable that all our clients will be impacted by COVID-19. However, rest assured that we will provide as much assistance as we can to help you through this difficult time. Free Consultation with Ravi Agarwal From Tuesday 24 […]
Continue readingMarch 24th, 2020
As a client of MEDIQ, you are at the front line of the COVID-19 epidemic. It is inevitable that all our clients will be impacted by COVID-19. However, rest assured that we will provide as much assistance as we can to help you through this difficult time. Free Consultation with Ravi Agarwal From Tuesday 24 […]
Continue readingJanuary 22nd, 2019
The Department of Health has responsibility for monitoring compliance of practitioners who provide services under Medicare and the Pharmaceutical Benefits Scheme. It undertakes a variety of compliance activities such as random audit activities, and also investigates suspected fraud and other criminal activity. Under the Health Insurance Act 1973 you are legally responsible for services billed […]
Continue readingJanuary 22nd, 2019
Starting your own medical practice is an exciting but nerve-wracking time. You want to do things your way and therefore your business structure carries a lot of weight. Used properly, the benefits of a good business structure are substantial. Your structure will govern business operations, streamline operations to ensure effective and efficient practice, and it […]
Continue readingAugust 7th, 2018
Financial advisers can help doctors make a lifetime of great financial decisions – but they offer more than just advice. From investing to retirement planning, a medical financial adviser has the knowledge and skills to help you achieve your financial goals by developing tailor-made strategies that address your specific needs. Financial planning involves being smart […]
Continue readingAugust 2nd, 2018
Do you run a medical facility or clinic and employ medical staff? If so, a payroll system can help you keep a record of your employees’ salaries and wages, as well as their employment and bank account details. Your payroll system should be transparent and easy to carry out. If not, your employees may have […]
Continue readingJune 18th, 2018
Running your own medical practice can be an incredibly rewarding project. Not only can you take more control over your work, but you can find your niche and help people in a way that others can’t. But when it comes to running your own practice, you are no longer just a doctor. Now you’re a […]
Continue readingMay 22nd, 2018
Exchange-Traded Funds (ETFs) offer real benefits to Self-Managed Super Funds (SMSFs) and investment in ETFs by SMSFs are on the rise. To put a number on it, almost 15% of the total number of SMSFs in Australia now have ETF holdings, which has doubled from 46,000 to 83,000 in one year. So, we know the […]
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