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Join us for an insightful podcast episode featuring Dennis Hursh, a veteran attorney with over 40 years of experience in health law. Discover the importance of letters of intent in physician contracts, their purpose, and the legal …
Cracking the code of physician contracts: Mastering letters of intent [PODCAST]
Over a million intelligent American physicians are walking around in the medical practice environment today, patting themselves on the back while believing they have reached their ultimate success in medical practice. They have absolutely no idea that they have never come close to their optimal potential. It’s a tragedy that has been disregarded yet tolerated by medical school scholars and administrators for at least the last century.
What every physician should …
How a lack of business education is destroying private medical practice
Emotional intelligence (EI) represents an essential suite of abilities that dictate our capacity to recognize, understand, and manage our own emotions and the emotions of others. This skill set significantly influences our decision-making process, conflict resolution abilities, empathy towards others, and how we handle stress. EI plays a fundamental role in entrepreneurship and forms the bedrock of successful leadership, effective team dynamics, and robust client relationships.
Pioneered by psychologist Daniel Goleman, …
Emotional intelligence in entrepreneurship: the significance and application of the 5 core pillars
In a recent Wall Street Journal article titled “A Housing Bust Comes for Thousands of Small-Time Investors,” the foreclosure woes of Jay Gajavelli, the head of Applesway Investment Group, were brought to light. Gajavelli’s ownership of multiple units across Houston took a turn for the worse, shedding light on the risks associated with syndicators in the real estate market. However, it is crucial to note that this case does …
Syndicators and risk management: Educating investors on multifamily syndication
In organizational leadership, the adage “less is more” often rings accurate, particularly regarding team size. Small teams, with their inherent communication advantages, often outperform larger ones. This phenomenon, communication complexity, is increasingly recognized as a critical factor in team success. In this article, we will explore the concept of communication complexity, its application in health care leadership, and how it influences various team structures such as grand rounds, regular teaching …
The power of small teams: communication complexity and its impact on health care leadership
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Join us on this insightful podcast episode as we delve into the pressing issue of physician burnout and the challenges physicians face in their careers. Our guest, Dennis Hursh, a veteran attorney with over 40 years of …
At age 18, my buddy David and I scaled the outside stucco of a hotel in Cancun, Mexico, and soon found ourselves ten stories up, lying on our backs on the hotel roof, looking at the night sky. It was a terribly stupid idea—one of many we had back in those days. But once we were up there, David taught me the major stars and constellations of the summer sky: …
Discover your true north: Navigating life’s confusions and embracing your path to success
In the realm of real estate investing, multifamily syndication has garnered significant attention as a lucrative and rewarding investment strategy, particularly among physicians and other high-income earners. Primarily, its appeal lies in its ability to offer attractive returns while simultaneously generating passive income and long-term wealth-building opportunities.
Given the unique characteristics and benefits of multifamily syndications, it has rapidly become a popular investment vehicle among investors looking to diversify their income …
My alarm goes off at 3:30 a.m. for some early charting. I love these pre-work hours, even though it’s my own unpaid time. I went into debt for hundreds of thousands of dollars to have the need for sleep trained out of me. A neat side effect of this is that it also wiped away my will to resist inane admin tasks.
While I’m pre-charting, my family wakes up, or at …
A physician’s typical day, as envisioned by a non-clinician health care MBA: a satire
Do you know what one thing is common among all of us, regardless of our wealth or age?
Time.
Every human being in this world has 1,440 minutes every day. However, while we all have the same amount of time, some people are more productive than others. Time management is a skill that doesn’t come naturally and requires effort and planning. Below is a list of seven important strategies that will help …
Master time management with 7 productivity strategies for optimal results
Michael Jordan, an iconic figure in basketball, is revered not only for his athletic prowess but also for his relentless dedication, perseverance, and strong work ethic. His career is filled with great lessons that apply universally, transcending the boundaries of sports. They are particularly relevant to health care professionals and entrepreneurs, two roles requiring a similar level of dedication, resilience, and a ceaseless hunger for growth and achievement.
Firstly, Michael Jordan …
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In this special sponsored episode, we …
At least one commentator has opined that “physicians aren’t burned out. They’re abused.” That is an extremely accurate diagnosis. No matter how many mandatory meditation sessions physicians are required to attend during their lunch hours, they remain overworked, overstressed, and unhappy with their careers.
Although there is no easy fix, there are issues that can be addressed in the physician employment agreement that can ameliorate the horrible working conditions foisted …
A tiny step to reduce physician burnout
When I took my first job out of fellowship, I had two kids, both in diapers. Between that and starting my first job out of training, it seemed I had no idle time at all. I distinctly recall deciding: I was here to work, not to make friends. (To my work friends: Thank you for being my friend despite my attitude!)
We didn’t decide to make friends in training — it …
The power of best friend connections at work for thriving physicians
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In this episode, our guest Amanda Hill, a health care attorney, shares insights on navigating career transitions in the medical profession. Whether you’re burned out, seeking new challenges, or dealing with personal or health issues, leaving …
Mastering career transitions in the medical field: tips from a health care attorney [PODCAST]
There was a time when one doctor worked one job in one geographic location where he/she was altruistically dedicated to serving a population in the practice of medicine.
For years this idea of working one job in one location was anchored within the private practice model which then gave way to the traditional employment model. The latter offered a parallel promise of a stable and long-term medical practice in one location—with …
Physicians today are being flooded with information about finding the best ways to increase their practice incomes. Secondary employment may be appropriate for desperate physicians in financial distress, but the usual short-term nature of such employment is shrouded with low income, covering unexpected hours outside agreements, weekends working, management issues, and being labeled as the “fill-in” doctor.
I say that because I worked at the local Planned Parenthood clinic for a …
Why a business education is essential for financial stability and cutting-edge medical care
“Money makes the world go ’round.”
Whether you believe this this figurative adage or not, it is a hard truth. Money is ubiquitous; it pervades everyday life. And money is the cornerstone of business. So I’m shocked to hear “pretty much nothing” when I ask residents what they’re taught about business and money these days.
Not to insult anyone’s intelligence, but I’ll venture an assumption. If you are a medical student, resident, …
The myth of wealthy doctors: Why business education is vital for every physician
One of the more-anticipated movie releases in my household this spring was Air, which tells the story of Nike’s now-famous partnership with Michael Jordan. Their landmark shoe deal redefined what it meant to be a professional athlete: players evolved beyond serving as brand ambassadors to become brands unto themselves.
Jordan’s partnership with Nike marked a true industry paradigm shift. I can’t help but feel that health care is also at an …
Revolutionizing health care: lessons from Michael Jordan’s partnership with Nike
One thing that has changed in medicine over my career is the emphasis on patient reviews. As time has passed, more of what we do as physicians has been attached to various metrics, and our identities and success or lack thereof have been defined by these metrics. A huge part of these metrics is patient reviews. In speaking with many of my fellow physicians and seeing numerous comments on physician …
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