Tax Planning by Medical Specialty
Pay structures, ownership opportunities and risks differ by specialty. Choose yours for the planning points that matter most.
Tax Planning for SurgeonsSurgeons are among the highest-earning physicians and often combine hospital employment, call pay, group partnership income and ow…Tax Planning for AnesthesiologistsAnesthesiologists often practice through large single-specialty groups, many of them now owned or managed by private equity or nat…Tax Planning for RadiologistsRadiology groups were among the first targets of private equity consolidation, and teleradiology lets radiologists read for hospit…Tax Planning for Orthopedic SurgeonsOrthopedic surgeons frequently own interests in ASCs, imaging and physical therapy, and sometimes receive royalty or consulting in…Tax Planning for CardiologistsMany cardiologists have moved from private groups to hospital employment, and others hold interests in cath lab joint ventures or …Tax Planning for DentistsMost dentists own their practices or will, which makes dental tax planning closer to small-business planning than to employed-phys…Tax Planning for DermatologistsDermatology combines insurance-based medical work with cash-pay cosmetic services and has seen heavy private equity consolidation.…Tax Planning for Emergency PhysiciansEmergency physicians are more likely than most to be paid as independent contractors by staffing groups, and many work shifts at s…Tax Planning for GastroenterologistsGastroenterology practices often own endoscopy centers and pathology or anesthesia services, and private equity has been active in…Tax Planning for OphthalmologistsOphthalmologists often run equipment-intensive practices with ASC ownership and cash-pay refractive services.…Tax Planning for NeurosurgeonsNeurosurgeons are among the highest earners in medicine, so the 37% bracket, the SALT phase-down and the 35% itemized deduction ca…Tax Planning for Plastic SurgeonsMany plastic surgeons run cash-pay aesthetic practices with medspa services, product sales and accredited office surgical suites.…Tax Planning for PsychiatristsPsychiatrists frequently run private-pay or telehealth practices with low overhead, and many combine employed work with a private …Tax Planning for HospitalistsHospitalists usually work as W-2 employees on block schedules, which leaves time for moonlighting, locums or telemedicine shifts.…Tax Planning for Pain Management PhysiciansInterventional pain physicians often own procedure suites or ASC interests and run practices with significant ancillary revenue.…
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