March 2016 | Physician Magazine

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  • MARCH 2016

    A PUBLICATION OF PNNwww.PhysiciansNewsNetwork.com

    R E P O R T I N G O N T H E E C O N O M I C S O F H E A L T H C A R E D E L I V E R Y

    P L U S : K E Y S T O B E I N G F I N A N C I A L L Y P R E P A R E D F O R R E T I R E M E N T

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    The Ins & Outs ofHEALTHCARE REAL ESTATE

  • Join us on Saturday, March 19, 2016

    Talk to a banker about retirement savings options Try the My Retirement Plan (MRP) online tool Speak to a financial advisor at Wells Fargo Advisors* about the Envision planning process Learn about the unique retirement planning needs for business owners Meet with a banker at your local Wells Fargo store on March 19 during normal banking hours

    Investment and insurance products: NOT FDIC-Insured NO Bank Guarantee | MAY Lose Value

    * Investment products and services are offered through Wells Fargo Advisors, LLC, Member SIPC, a registered broker-dealer and separate non-bank affiliate of Wells Fargo & Company.Envision is a registered service mark of Wells Fargo & Company and used under license.Deposit products are offered by Wells Fargo Bank, N.A. Member FDIC. 2016 Wells Fargo Bank, N.A. All rights reserved.

    Its never too early or too late to put your retirement savings plan in place and start taking steps toward making your dreams come true.

  • MARCH 2016 | W W W. P H YS I C I A N S N E W S N E T WO R K .COM 1

    Volume 147 Issue 3

    MARC

    H 2016 | TABLE O

    F CO

    NTEN

    TS

    COVER STORY

    8 The Ins & Outs of Healthcare Real Estate This months feature examines trends in healthcare construction nationwide and in California along with expert tips on finding the right space for your practice, negotiating a lease and meeting regulatory and safety requirements. We also look at the effects that virtual office space might have on the medical real estate industry in the future.

    FEATURE

    14 Benefits and Risks of Using Mobile Apps for Healthcare15 Keys to Being Financially Prepared for Retirement

    FROM YOUR ASSOCIATION

    4 Presidents Letter | Peter Richman, MD

    16 United We Stand | At Work for You

    15

    Physician Magazine (ISSN 1533-9254) is published monthly by LACMA Services Inc. (a subsidiary of the Los Angeles County Medical Association) at 801 S. Grand Avenue, Suite 425, Los Angeles, CA 90017. Periodicals Postage Paid at Los Angeles, California, and at additional mailing offices. Volume 143, No. 04 Copyright 2012 by LACMA Services Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. POSTMASTER: Send address changes to Physician Magazine,801 S. Grand Avenue, Suite 425, Los Angeles, CA 90017. Advertising rates and information sent upon request.

    Join us on Saturday, March 19, 2016

    Talk to a banker about retirement savings options Try the My Retirement Plan (MRP) online tool Speak to a financial advisor at Wells Fargo Advisors* about the Envision planning process Learn about the unique retirement planning needs for business owners Meet with a banker at your local Wells Fargo store on March 19 during normal banking hours

    Investment and insurance products: NOT FDIC-Insured NO Bank Guarantee | MAY Lose Value

    * Investment products and services are offered through Wells Fargo Advisors, LLC, Member SIPC, a registered broker-dealer and separate non-bank affiliate of Wells Fargo & Company.Envision is a registered service mark of Wells Fargo & Company and used under license.Deposit products are offered by Wells Fargo Bank, N.A. Member FDIC. 2016 Wells Fargo Bank, N.A. All rights reserved.

    Its never too early or too late to put your retirement savings plan in place and start taking steps toward making your dreams come true.

    14

  • SUBSCRIPTIONSMembers of the Los Angeles County Medical Association: Physician Magazine is a benefit of your membership. Additional copies and back issues: $3 each. Nonmember subscriptions: $39 per year. Single copies: $5. To order or renew a subscription, make your check payable to Physician Magazine, 801 S. Grand Avenue, Suite 425, Los Angeles, CA 90017. To inform us of a delivery problem, call 213-683-9900. Acceptance of advertising in Physician Magazine in no way constitutes approval or endorsement by LACMA Services Inc. The Los Angeles County Medical Association reserves the right to reject any advertising. Opinions expressed by authors are their own and not necessarily those of Physician Magazine, LACMA Services Inc. or the Los Angeles County Medical Association. Physician Magazine reserves the right to edit all contributions for clarity and length, as well as to reject any material submitted. PM is not responsible for unsolicited manuscripts.

    The Los Angeles County Medi-

    cal Association is a profes-

    sional association representing

    physicians from every medical

    specialty and practice setting

    as well as medical students,

    interns and residents. For more

    than 100 years, LACMA has

    been at the forefront of cur-

    rent medicine, ensuring that its

    members are represented in the

    areas of public policy, govern-

    ment relations and community

    relations. Through its advocacy

    efforts in both Los Angeles

    County and with the statewide

    California Medical Association,

    your physician leaders and staff

    strive toward a common goal

    that you might spend more time

    treating your patients and less

    time worrying about the chal-

    lenges of managing a practice.

    LACMAs Board of Directors consists of a group of 30 dedicated physicians who are working hard to uphold your rights and the rights of your patients. They always welcome hearing your comments and concerns. You can contact them by emailing or calling Lisa Le, Director of Governance, at lisa@lacmanet.org or 213-226-0304.

    EDITOR

    DISPLAY AD SALES / DIRECTOR OF SALESCLASSIFIED AD SALES

    EDITORIAL ADVISORY BOARD

    PRESIDENT PRESIDENT-ELECT

    TREASURER SECRETARY

    IMMEDIATE PAST PRESIDENT

    CMA TRUSTEEALTERNATE RESIDENT/FELLOW COUNCILOR

    COUNCILOR SSGPF COUNCILOR DISTRICT 9

    CMA TRUSTEE COUNCILOR

    COUNCILOR DISTRICT 2COUNCILOR-AT-LARGE

    ETHNIC PHYSICIANS COMMITTEE REPCOUNCILOR DISTRICT 1

    COUNCILOR DISTRICT 17COUNCILOR DISTRICT 14

    COUNCILOR USCCOUNCILOR DISTRICT 7 COUNCILOR DISTRICT 6

    COUNCILOR-AT-LARGE COUNCILOR ALLIED PHYSICIANS

    COUNCILOR-AT-LARGECOUNCILOR DISTRICT 3

    COUNCILOR DISTRICT 10MEDICAL STUDENT COUNCILOR/USC

    COUNCILOR SCPMG RESIDENT/FELLOW COUNCILORYOUNG PHYSICIAN COUNCILOR

    COUNCILOR-AT-LARGECOUNCILOR SSGPF

    ALT. MEDICAL STUDENT COUNCILOR/UCLACOUNCILOR-AT-LARGE

    CHAIR OF LACMA DELEGATION

    Sheri Carr 858.226.7647 | sheri@physiciansnewsnetwork.com

    ADVERTISING SALES

    Christina Correia 213.226.0325 | christinac@lacmanet.orgDari Pebdani 858.231.1231 | dpebdani@gmail.comDavid H. Aizuss, MD Troy Elander, MD Thomas Horowitz, DO Robert J. Rogers, MD

    HEADQUARTERS

    Physicians News NetworkLos Angeles County Medical Association801 S. Grand Avenue, Suite 425Los Angeles, CA 90017Tel 213.683.9900 | Fax 213.226.0350www.physiciansnewsnetwork.com

    LACMA OFFICERS Peter Richman, MDVito Imbasciani, MDWilliam Averill, MDRichard Baker, MDPedram Salimpour, MD

    LACMA BOARD OF DIRECTORS

    David Aizuss, MDErik Berg, MDRobert Bitonte, MDStephanie Booth, MDJack Chou, MDTroy Elander, MDHilary Fausett, MDSamuel Fink, MDHector Flores, MDC. Freeman, MDSidney Gold, MDJinha Park, MDStephanie Hall, MDDavid Hopp, MDKambiz Kosari, MDSion Roy, MDPaul Liu, MDMaria Lymberis, MDPhilip Hill, MDNassim Moradi, MDVamsi AribindiAshish Parekh, MDJerry Abraham, MDPo-Yin Samuel Huang, MDMichael Sanchez, MDHeather Silverman, MDAnnie WangNhat Tran, MDFred Ziel, MD

  • StabilityPreferred Insurance prides itself on its stability, which includes maintaining some of the best andmost consistent pricing available for CMA members. And because of its Medical Provider Networkof credentialed medical professionals, claim costs can be closely monitored and managed whileproviding quality care to injured employees.

    SafetyIn addition to mandatory CalOSHA information and videos on workplace safety, Preferreds teamof Risk Advisors are available for consultations when you need them. They also have a strong fraudprevention policy and as a California-based carrier, they know exactly what it takes to do businesssuccessfully in this State.

    SavingsCMA members qualify for an additional 5% discount*on top of Preferred Insurancesalready competitive rates. Preferreds rates are set for long term consistency, and are managedby focusing on safety and injury prevention, fraud prevention and the control of medical costsfor your practice by getting employees back to work as soon as practical.

    ServiceMercers team of insurance advisors is knowledgeable about the needs of physicians and is availableto walk you through the application process. Preferreds claims examiners are experts in helpingmembers with an employee injury or illness claim. Plus Preferreds payroll management and flexiblepayment plans help you manage your premiums in the way that works best for you and yourpractices cash-flow needs.

    Call Mercer today at 800-842-3761 for a premium indication.CMACounty.Insurance.service@mercer.com or www.CountyCMAMemberInsurance.com.

    See how CMA/LACMAs Workers Compensation team can help you save