Skip to content
  • About
  • Contact
  • Contribute
  • My Book
  • Careers
  • Podcast
  • Transcripts
  • Speaking
KevinMD
  • All
  • Physician
  • Burnout
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • All
  • Physician
  • Burnout
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
    • All
    • Physician
    • Burnout
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • About
    • Contact
    • Contribute
    • My Book
    • Careers
    • Podcast
    • Transcripts
    • Speaking
KevinMD
  • All
  • Physician
  • Burnout
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
    • All
    • Physician
    • Burnout
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • About
    • Contact
    • Contribute
    • My Book
    • Careers
    • Podcast
    • Transcripts
    • Speaking
  • About Kevin Pho, MD, Founder of KevinMD
  • Be heard on social media’s leading physician voice
  • Contact Kevin
  • Custom enhanced author page pricing
  • DMCA Policy
  • Establishing, Managing, and Protecting Your Online Reputation: A Social Media Guide for Physicians and Medical Practices
  • KevinMD influencer opportunities
  • Opinion and commentary by KevinMD
  • Physician burnout speakers to keynote your conference
  • Physician Coaching by KevinMD
  • Physician keynote speaker: Kevin Pho, MD
  • Physician Speaking by KevinMD: a boutique speakers bureau
  • Primary care physician in Nashua, NH | Kevin Pho, MD
  • Privacy Policy
  • Recommended services by KevinMD
  • Terms of Use Agreement
  • Thank you for subscribing to KevinMD
  • Thank you for upgrading to the KevinMD enhanced author page
  • Upgrade to the KevinMD enhanced author page

Why physicians should have golden parachutes

Michelle Finkel, MD
Physician
August 28, 2019
Share
Tweet
Share

Early into my career as an emergency physician, I was seated in the department with a colleague when I inquired about one of our co-workers I had not seen in a while. “Oh, she’s on the mommy track,” my colleague said and picked up another chart. To me, selecting a career path that sacrificed traditional professional advancement for more time to raise children was legitimate. My colleague’s pejorative “mommy track” made it clear that to him, it was not.

At that moment, I resolved to pursue a non-clinical supplement to my emergency department work, colloquially known as an “exit strategy.” Here, I’d like to offer my path for the benefit of other physicians — whether burned out, seeking more family time or looking for creative outlets — as an example of what is possible outside of clinical medicine.

Emergency medicine is a fantastic field in many ways: Daily work includes critical thinking, procedures, interpersonal interactions, and the ability to make a positive impact when a patient is most vulnerable. But the field also has one of the highest burnout rates, likely secondary to erratic hours that can both interrupt family time and adversely affect health. It also suffers from a lack of autonomy: Usually, an emergency physician does not get to pick her schedule, whom she works with, how heavy her workload is or how burdensome the emotional toll of her workday might be.

Those inconsistent hours and lack of autonomy became relevant when I married another emergency physician and had two children. Raising toddlers plus the scheduling conflicts caused by two working emergency physicians rendered clinical hours less attractive. Doctors in specialties outside of emergency medicine may recognize this situation: Many otherwise great medical fields have onerous disadvantages that also limit flexibility, autonomy, creativity, and family time.

I had not possessed this lifestyle insight as a medical student. But, back then, I did know that medical school was making me feel unidimensional, so I availed myself of Harvard’s “five-year plan,” allowing me to graduate one year later with a nominal tuition difference. I spent time backpacking through Thailand, Mexico, Guatemala and Honduras and — fortunately — discovered the American Association for the Advancement of Science Mass Media Science and Engineering Fellowship. Through this program, while working at The Oregonian newspaper in Portland, I learned the fundamentals of writing about science for the lay press. I loved journalism but opted to complete my clinical training and matriculated into my residency program the next year.

After completing training, I was asked to stay on as faculty and was later selected as the assistant residency director of the Harvard Affiliated Emergency Medicine Program. My favorite part of being on faculty was the residents. I liked supporting them and, simultaneously, in my assistant residency director role, I learned invaluable information about the residency admissions process, reviewing ERAS documents, interviewing candidates, and selecting future classes of incoming trainees.

When I met my husband, we happily relocated to California. As I mentioned previously, we realized rather quickly that we were not achieving our shared vision of prioritizing family life. My husband’s practice did not allow part-timers, so I cut down my clinical hours a bit and started to consider what I wanted and what my skill set was:

I missed mentoring residents and medical students, as I had done before I left academia.

I also really loved the work I had done as a journalist and missed focusing on words and their impact.

I had a lot of experience interviewing applicants and understood what went on behind the closed doors of the residency application process.

I wanted to work virtually, so I had the flexibility to spend maximum time with my husband and family.

Consequently, over 12 years ago, I founded a consulting company that helps pre-meds and medical students improve their candidacies for medical school and residency, respectively. Throughout the company’s growth, I have continued to work clinically part-time, a strategy I would recommend to any physician considering a non-clinical track unless or until she is certain she will never see another patient. Years ago, I was given good advice to “keep an oar in the water” of clinical practice, and I would offer that recommendation to others seeking an exit strategy.

While my consulting company works very well for me, it has required thousands of hours of my time. My husband jokingly refers to my company as our third child for all the attention it has demanded.

So, before committing yourself to an alternative to traditional medical practice, it’s critical to remember that non-clinical pathways offer imperfect solutions. Also, while clinical work can be exhausting and lack flexibility, it is usually geographically and financially secure in ways a non-clinical exit strategy may not be, especially at first.

By creating a clinical alternative tailored to my situation, I am able to enjoy many of the aspects that replenished me as a Harvard assistant residency director without the drawbacks or politics of an academic career. Thinking outside the box as an entrepreneur allowed me to renegotiate the impositions I was willing to accept from my clinical work. It’s liberating when you no longer face the constraints that entrap many colleagues in clinical medicine. It’s also empowering to find that, thanks to a supplemental income stream, you can reduce or eliminate the more depleting aspects of your job like nights and weekends.

My advice for the physician seeking options outside of clinical medicine is to create a list of your skills and decide which ones confer an “unfair” advantage that you might use to create an opportunity to generate a supplemental revenue stream. If you can’t identify your niche skill, invest in developing additional talents, and expand your network. Volunteer on hospital committees that allow you to become a known and respected quantity to the administration. Alternately, developing research or financial skills may allow you to branch out into pharmaceutical work or venture capital.

A golden parachute is woven over the years slowly and deliberately, one stitch at a time. Create yours now and gift yourself a graceful path out of medicine from the comfortable height of your career. Ignore your golden parachute, and you risk an ill-conceived exit from a career that no longer keeps you aloft.

Michelle Finkel is an emergency physician and founder, Insider Medical Admissions.  She can be reached on Facebook, YouTube, and on Twitter @Insidermedical.

Image credit: Shutterstock.com

Prev

More than three hours late, but somehow still on time

August 28, 2019 Kevin 0
…
Next

A surprise pregnancy in medical school

August 28, 2019 Kevin 1
…

Tagged as: Practice Management

< Previous Post
More than three hours late, but somehow still on time
Next Post >
A surprise pregnancy in medical school

ADVERTISEMENT

More by Michelle Finkel, MD

  • We got the new COVID vaccine. It was a whopping $191 per shot.

    Michelle Finkel, MD
  • Why are COVID antibody tests of questionable relevance being marketed to the public?

    Michelle Finkel, MD
  • Made mistakes? How to spin them for your medical school applications.

    Michelle Finkel, MD

Related Posts

  • Are patients using social media to attack physicians?

    David R. Stukus, MD
  • The risk physicians take when going on social media

    Anonymous
  • Beware of pseudoscience: The desperate need for physicians on social media

    Valerie A. Jones, MD
  • When physicians are cyberbullied: an interview with ZDoggMD

    Monique Tello, MD
  • Surprising and unlikely rewards of social media engagement by physicians

    Lisa Chan, MD
  • Physicians who don’t play the social media game may be left behind

    Xrayvsn, MD

More in Physician

  • When men falling behind unravels families and futures

    Osmund Agbo, MD
  • 10 ways to keep women physicians from leaving

    Dawn Sears, MD
  • The collusion in discussing prognosis with cancer patients

    Kyle Edmonds, MD
  • Surgeon outcomes data is no longer ours alone

    Marc Granson, MD
  • Health care system design isn’t failing, it’s working

    Tiffiny Black, DM, MPA, MBA
  • 3 traits the physician leadership model is missing

    Bertina Marie Hooks, MD
  • Most Popular

  • Past Week

    • The case for an AI-native health care platform

      Brian Hudes, MD | Health Technology
    • EMR errors get blamed on physicians, not systems

      Dennis Hursh, Esq | Health Policy
    • Low T treatment is silently destroying sperm counts [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why AI cybersecurity is now a patient safety issue [PODCAST]

      The Podcast by KevinMD | Podcast
    • Xenotransplantation ethics tests our moral frameworks

      Chinmeri Nwuba | Conditions and Diseases
    • The 15-provider road to vestibular disorder diagnosis

      Bridgett Wallace, DPT, PT | Conditions and Diseases
  • Past 6 Months

    • The MCAT requirement persists as a norm, not as a tool

      Aniruth Ananthanarayanan | Medical Education
    • Polycystic ovary syndrome is more than ovarian

      Oluyemisi Famuyiwa, MD | Conditions and Diseases
    • DEA fear is reshaping how doctors prescribe

      Ronald L. Lindsay, MD | Physician
    • Medicare physician pay has fallen 33 percent since 2001

      Kayvan Haddadan, MD | Health Policy
    • DOT ruling protects peanut allergies but not eggs, sesame, or milk [PODCAST]

      The Podcast by KevinMD | Podcast
    • Telemedicine as a career, not a side gig

      AIR Physician Academy | Physician
  • Recent Posts

    • Low T treatment is silently destroying sperm counts [PODCAST]

      The Podcast by KevinMD | Podcast
    • The delayed brain injury symptoms I almost ignored

      Wick Davis | Conditions and Diseases
    • Generalist physicians and AI are a comparative advantage

      Jeremy Fish, MD | Health Technology
    • Patients are turning to AI because doctors lack time

      Arthur Lazarus, MD, MBA | Health Technology
    • Why a malpractice lawsuit follows you after you win

      Tim Brocklehurst, MBA | Conditions and Diseases
    • The health care workforce crisis we keep ignoring

      Narinder Singh Parhar, MD | Health Policy

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

Leave a Comment

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

  • Most Popular

  • Past Week

    • The case for an AI-native health care platform

      Brian Hudes, MD | Health Technology
    • EMR errors get blamed on physicians, not systems

      Dennis Hursh, Esq | Health Policy
    • Low T treatment is silently destroying sperm counts [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why AI cybersecurity is now a patient safety issue [PODCAST]

      The Podcast by KevinMD | Podcast
    • Xenotransplantation ethics tests our moral frameworks

      Chinmeri Nwuba | Conditions and Diseases
    • The 15-provider road to vestibular disorder diagnosis

      Bridgett Wallace, DPT, PT | Conditions and Diseases
  • Past 6 Months

    • The MCAT requirement persists as a norm, not as a tool

      Aniruth Ananthanarayanan | Medical Education
    • Polycystic ovary syndrome is more than ovarian

      Oluyemisi Famuyiwa, MD | Conditions and Diseases
    • DEA fear is reshaping how doctors prescribe

      Ronald L. Lindsay, MD | Physician
    • Medicare physician pay has fallen 33 percent since 2001

      Kayvan Haddadan, MD | Health Policy
    • DOT ruling protects peanut allergies but not eggs, sesame, or milk [PODCAST]

      The Podcast by KevinMD | Podcast
    • Telemedicine as a career, not a side gig

      AIR Physician Academy | Physician
  • Recent Posts

    • Low T treatment is silently destroying sperm counts [PODCAST]

      The Podcast by KevinMD | Podcast
    • The delayed brain injury symptoms I almost ignored

      Wick Davis | Conditions and Diseases
    • Generalist physicians and AI are a comparative advantage

      Jeremy Fish, MD | Health Technology
    • Patients are turning to AI because doctors lack time

      Arthur Lazarus, MD, MBA | Health Technology
    • Why a malpractice lawsuit follows you after you win

      Tim Brocklehurst, MBA | Conditions and Diseases
    • The health care workforce crisis we keep ignoring

      Narinder Singh Parhar, MD | Health Policy

MedPage Today Professional

An Everyday Health Property Medpage Today

Copyright © 2026 KevinMD.com | Powered by Astra WordPress Theme

  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

Leave a Comment

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...