How To Address The Young Doctor Clinical Brain Drain
September 28th 2016More young doctors are jumping ship to non-clinical roles. Some are not taking residencies to create or join startups, some are abbreviating their clinical lifespans, and others are creating portfolio careers or joining the sick care gig economy.
Financial Considerations for Mid-Career Physicians
September 28th 2016There are plenty of financial articles out there for doctors who are just getting started with their investing careers. However, for those in between these two stages (mostly 40 to 50 years old), there is an absolute dearth of information available on the internet and in bookstores.
Dermatologist Makes Life Better for Fellow Physicians
September 27th 2016What is someone to do when their father wants them to be a physician, like him, but their mother doesn't want them to have the long hours lifestyle? Michael Sherling, MD, of Palm Beach Dermatology, and chief medical officer and co-founder of Modernizing Medicine, was able to make both work.
How To Calculate Physician Turnover Costs
September 27th 2016Physician turnover costs can range from a half-million to well over a million dollars. That’s a pretty wide range, but I’m going to give you a more accurate way to calculate the cost of physician turnover for your particular organization.
5 Reasons to Not be a Doc, If You Wanna Be Rich
September 27th 2016Anyone feels poor at the age of 35 without a house, with a 20 year old car, without a penny in retirement savings, and with a student loan the size of a large mortgage (300-500k) snowballing at 2-3 times the interest rate of regular mortgage.
The PMD Critical List: Should Doctors Attend Patient Funerals?
September 26th 2016A majority of surveyed Australian physicians responded that they had attended funerals of their patients in the past. Is this recommended? Plus, a study shows that the anxious are more vulnerable to cancer, at least among men, and Scientific American has published what it calls a "disturbing picture" of how the FDA may manipulate the scientific press. These stories and more comprise this week's Critical List.
What is The ROI on Digital Health?
September 26th 2016One question that still remains unanswered to many is the return on investment on digital health, including telemedicine. Most see the return as improvement in population health outcomes, the patient experience, and the doctor experience at less cost.
Making Medical Education More Profitable (and Actually Applicable)
September 26th 2016In a previous post, I talked about changing the US system to make medical school free or even pay to-be doctors from day one of medical school so that they don't have a soul-crushing debt smothering their empathy and directing their specialty selection.
Book Reviews: Historical Fiction
September 23rd 2016I’ve never agreed with purists who are offended when novelists dare to put words into the mouths of famous figures. Those readers don’t like historical fiction, understood. But if fiction often springs from personal experience, isn't that just a form of historical fiction and we do accept that?
New Info On Money and Happiness
September 23rd 2016When people are exposed to a stack of money before eating a piece of chocolate, they savor the chocolate less. Our seemingly endless fascination with the subject continues to generate new information that may shine a light on our pursuit of lucre and hopefully thereby illumine our lives.
How Clear Are Your Priorities?
September 23rd 2016Everyone has priorities during the day. You usually sort the tasks that you are going to be doing by their priority, but how exactly do you determine that? Sometimes it can be difficult to decide what tasks need to be handled first and so on. Here are some tips to help you to start determining how to set your priorities in the best order possible.
5 Financial Milestones for Healthcare Professionals under 30
September 22nd 2016This post is inspired by a story shared with me by a friend on 10 Financial Milestones Successful People Hit Before They Turn 30. While many of the milestones mentioned also apply to healthcare trainees, our unique career choice and the sacrifices we make demand a different set of priorities. Here are what I consider the 5 most important financial milestones for healthcare trainees to hit before they turn 30.