O'Dell Jarvis Mandell: Integrated Planning Solutions for Building and Preserving Wealth. O'Dell Jarvis Mandell (the "OJM Group") helps physicians, business owners, and affluent families reach their financial goals more efficiently - by leveraging our business, asset protection, and comprehensive wealth accumulation expertise.

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The #1 Challenge Physicians Face

If you are a doctor, you know that the environment for practicing medicine in the 21st century is a tough one. With increased regulation, you face more daily distractions than ever before. With the country becoming increasingly litigious, concepts like "risk management" sand "asset protection" have become essential parts of your life (or should be).

But by far, the greatest concern you may have, like the thousand of doctor clients who contact us, is the following: How am I going to reach my career financial goals in this environment? More specifically, in the words of an actual doctor client of ours:

As my practice expenses, personal costs, and taxes continue to increase and reimbursements are stagnant or even getting lower, how can I earn the income I want and build value in practice so I can have a lucrative "exit" someday?

Does this sound like a concern of yours? Are you worried about your income decreasing? About the future of medicine and its economics? About how you will "sell" your practice when you retire, if at all? If you are, you are a good potential client of OJM.

What You Can't Do: Think Like A Doctor & Just See More Patients

Unfortunately, when most doctors start to worry about the concerns above, they do one thing just work harder! They try to see more patients, take more call, work harder. Not only does this not work (as your marginal benefit of each new patient is cut by higher taxes and marginal expenses) but there is a limit on how hard you can work. Do you want no social life, a strained marriage, few hours with children and poor health? This is what many doctor suffer through - because they think working harder will solve their dilemma. This is a losing proposition.

Einstein defined "insanity" as "doing the same thing over and over again and expecting different results." Seeing more patients is doing the same thing over again. It is working "in" your practice and not "on" your practice. At OJM, we help doctors step out of their old ways of thinking and move on to a different approach for both their practice and personal financial lives.

What You Must Do: Think Like A CEO & Leverage Expertise

As a doctor, you have to embrace the fact that that you are the CEO of your practice and financial lives. You need to realize that, in order to financially thrive in today's and tomorrow's medical environment, you cannot do it alone. You need to be as efficient as possible with all areas of practice and personal economics.

Like any important endeavor, you need to use surround yourself with the best experts you can and leverage that expertise. This means implementing changes that will allow you maximize revenues, minimizes expenses, reduce taxes, avoid costly pitfalls, protect against catastrophes, leverage assets, maximize benefit opportunities, create buy-out plans, compound efficiencies, and tap into secrets of the Affluent in a way you have not in the past.

Some of this expertise can be provided by traditional practice management consultants - typically, in the areas of maximizing revenues (billing and coding) in your specialty and minimizes expenses. That is why OJM is constantly building relationships with these types of companies as Collaborative Firms for our clientele.

In addition, if you want to make more while working less and build value in today's medical environment, you need a wealth planning consultant as well - and one that is intimately familiar with practice as personal financial issues. In fact, the other areas mentioned above - from reducing taxes, avoiding costly pitfalls, maximizing benefit opportunities, creating buy-out plans -- are all practice areas that OJM helps doctors with. In addition, on a personal level, we help doctors protect families against catastrophes, leverage assets to maximize wealth, maximize tax benefits, create investing efficiencies, and tap into Secrets of the Affluent for building wealth.

The "golden age" of medicine is gone. For doctors to do well today and tomorrow, you will require expertise beyond medicine and take the approach of a CEO. At OJM, we are excited to make this happen with you.