Practice Management

Physicians writing on KevinMD about running a practice: staffing and overhead, the payer paperwork that arrives with every patient, ownership and consolidation, the administrators and executives who now employ most physicians, and the models physicians have built to get out from under all of it. Four maintained records draw on this archive: Primary care: what physicians say, in their own words, Direct primary care: what physicians say, in their own words, Physicians and administrators: what physicians say about who runs medicine, in their own words, and Private equity and corporate medicine: what physicians say, in their own words.

September 26, 2021Sep 26, 2021

"Five years into my practice as an academic allergist/immunologist, my perceptions continue to evolve. Though once primarily informed by my mentors’ wisdom, I continue incorporating my experiences as both physician and autoimmune patient to guide my practice. Though we all…

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“Five years into my practice as an academic allergist/immunologist, my perceptions continue to evolve. Though once primarily informed by my mentors’ wisdom, I continue incorporating my experiences as both physician and autoimmune patient to guide my practice. Though we all know medicine isn’t like it used to be, nostalgia …

Podcast

What do physicians really want in life? [PODCAST]

The Podcast by KevinMD

September 25, 2021Sep 25, 2021

"It is no wonder that in 2020, a Doximity physician compensation report revealed there were no specialties in medicine in which women earned the same or more than men. We can all agree that many things could account for this,…

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“It is no wonder that in 2020, a Doximity physician compensation report revealed there were no specialties in medicine in which women earned the same or more than men. We can all agree that many things could account for this, including structural barriers and lack of diversity or mentorship. …

Physician Finance

Don’t pay off your student loans early

Khaled A. Dajani, MD

September 23, 2021Sep 23, 2021

In 2010, a landmark study from Princeton was published "proving" that money just doesn't buy happiness. Study participants were asked to compare their emotional well-being from yesterday to today, and it appeared that making more than $75,000 a year didn't…

In 2010, a landmark study from Princeton was published “proving” that money just doesn’t buy happiness. Study participants were asked to compare their emotional well-being from yesterday to today, and it appeared that making more than $75,000 a year didn’t lead to concurrent increases in well-being. Since then, Americans have been flooded with the psychological opium of mindfulness, yoga, and leaning out, urging contentment instead with the …

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Don’t pay off your student loans early

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Physician Finance

Is passive income a lie?

Smart Money, MD

September 22, 2021Sep 22, 2021

As a child, I remember watching superstar athletes like Wayne Gretzky glide so effortlessly on the ice and dreaming about how easy life would be to be blessed with innate talent. "Talent would make my life so easy," so I…

As a child, I remember watching superstar athletes like Wayne Gretzky glide so effortlessly on the ice and dreaming about how easy life would be to be blessed with innate talent. “Talent would make my life so easy,” so I thought. I had no clue how much work had to be invested to make talent look seamless. A little later in life, I remember hearing the quip coined by Thomas …

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Is passive income a lie?

Physician

There’s no patient-centered care without patient-centered data

Samant Virk, MD

September 17, 2021Sep 17, 2021

The problem We are on the precipice of a data tidal wave in health care, which is exciting because it can transform lives. But it's concerning because our health care system is not built to deliver this promise. We are…

The problem

We are on the precipice of a data tidal wave in health care, which is exciting because it can transform lives. But it’s concerning because our health care system is not built to deliver this promise.

We are funneling data into an abyss of fragmented medical care. We will be left with fragmented data hidden behind account logins of thousands of devices and health care organization accounts.

Already today, patients and …

Physician

There is nothing soft about “soft skills”

Sherine Salib, MD

September 17, 2021Sep 17, 2021

"Soft skills get little respect, but they will make or break your career." - Peggy Klaus In the late 1960s, the U.S. Army created the term "soft skills" to refer to any skill that does not employ the use of…

“Soft skills get little respect, but they will make or break your career.”
– Peggy Klaus

In the late 1960s, the U.S. Army created the term “soft skills” to refer to any skill that does not employ the use of machinery. “The military realized that many important activities were included within this category, and in fact, the social skills necessary to lead groups, motivate soldiers, and win wars were encompassed by skills …

Podcast

Take back the power and joy of being a doctor [PODCAST]

The Podcast by KevinMD

September 15, 2021Sep 15, 2021

"What can we control? Our behavior and our responses to circumstances. Focusing on what is in our power to control and putting all our energy and efforts in the right places and for the right reasons seems to be a…

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“What can we control? Our behavior and our responses to circumstances. Focusing on what is in our power to control and putting all our energy and efforts in the right places and for the right reasons seems to be a step in the right direction to make positive changes …

Stanford Center for Continuing Medical Education launches innovative Physician Leadership Certificate Program

Stanford Medicine Physician Leadership Certificate Program

September 13, 2021Sep 13, 2021

This article is sponsored by the Stanford Medicine Physician Leadership Certificate Program. In William Shakespeare’s often-quoted speech from As You Like It, we are advised: All the world’s a stage, And all the men and women merely players; They have…

This article is sponsored by the Stanford Medicine Physician Leadership Certificate Program.

In William Shakespeare’s often-quoted speech from As You Like It, we are advised:

All the world’s a stage,
And all the men and women merely players;
They have their exits and their entrances;
And one …

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Stanford Center for Continuing Medical Education launches innovative Physician Leadership Certificate Program

Physician

Should you stay or leave medicine?

Cindy Tsai, MD

September 11, 2021Sep 11, 2021

I left my primary care practice earlier this year to focus on life coaching. Why did I leave? Because I wanted to do more and make a bigger impact. I remember how eager I was to complete medical training as I approached the light at the end of the tunnel. I thought I could finally relax and enjoy life as an attending after all the delayed gratification from becoming a …

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Should you stay or leave medicine?

Podcast

Meet the physician who became a medical thriller author [PODCAST]

The Podcast by KevinMD

September 7, 2021Sep 7, 2021

How does a physician become a thriller author? Where do his stories come from? How long does it take to go from idea to finished product? How did his experience as a physician influence his books? John Bishop is a…

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How does a physician become a thriller author? Where do his stories come from? How long does it take to go from idea to finished product? How did his experience as a physician influence his books?

John Bishop is a retired orthopedic surgeon.

He shares his story and discusses his …

Physician

How to heal and revitalize our beloved profession

Randy Cook, MD

September 5, 2021Sep 5, 2021

A few weeks ago, my longtime friend and personal physician refused to grant any more prescription refills for the two medications that I have taken regularly for close to a decade. In a very professional tone, he firmly (and appropriately) pointed out that it had been more than three years (please don’t judge me) since I had been examined or subjected to any routine screening lab work. Having now been …

Podcast

All physicians are leaders [PODCAST]

The Podcast by KevinMD

September 2, 2021Sep 2, 2021

"In times of uncertainty, human behavior often makes people resort to less-than-stellar behaviors; unhealthy personal environments can become manifest as well. Often, these coincide with health care being used more frequently and the safe haven of health care delivery being…

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“In times of uncertainty, human behavior often makes people resort to less-than-stellar behaviors; unhealthy personal environments can become manifest as well. Often, these coincide with health care being used more frequently and the safe haven of health care delivery being sought. With all physicians being leaders, it is incumbent …

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All physicians are leaders [PODCAST]

Physician Finance

SLAT: An important estate planning strategy for physicians to lower President Biden’s estate tax

Syed Nishat, BFA

August 30, 2021Aug 30, 2021

For married physicians looking into estate planning strategies, one thing to keep in mind is how to make best use of spousal benefits in reducing taxes or providing for a surviving spouse or other beneficiaries. For wealthy physicians, a spousal lifetime access trust, or SLAT, may provide a viable vehicle for avoiding estate taxes for both spouses and protecting assets from creditors while at the same time providing distributions that …

Physician Finance

Alternative cryptocurrencies: 5 tips for physicians

John Stillson

August 28, 2021Aug 28, 2021

You were finally starting to understand Bitcoin when talk about alternative cryptocurrencies or “altcoins” started springing up everywhere. Elon Musk is tweeting about Dogecoin. Mark Cuban is talking about Ethereum. The Motley Fool is posting about Chainlink. What are altcoins,…

What are altcoins, and should you be investing in them?

I cannot speak to whether investing in altcoins is appropriate for you. Altcoins are a highly volatile and risky asset class that offers the potential …

Physician Finance

How medical training teaches doctors to be financially unhealthy

Elizabeth Hughes, MD

August 28, 2021Aug 28, 2021

I recently unearthed all my pay stubs from residency, including the first one — all $89.14 of it. When I received that check, I had just moved across the country after a grueling internship in Philadelphia, which left me physically…

I recently unearthed all my pay stubs from residency, including the first one — all $89.14 of it.

When I received that check, I had just moved across the country after a grueling internship in Philadelphia, which left me physically and emotionally exhausted.

I was staying in a motel, which I paid for with a credit card because I used my last paycheck from internship to pay for moving across the country. …

Conditions and Diseases

Why now is the time to get patients back to in-person routine care

Matt Dickson

August 28, 2021Aug 28, 2021

As the next wave of the pandemic unfolds, the rise in cases is once again straining health care systems. But that’s not the only reason hospitals and health systems could experience an influx of emergency or critical care visits. Findings from the National Poll on Healthy Aging based at the University of Michigan Institute for Healthcare Policy and Innovation revealed that nearly one in …

Physician

Become an ambassador of joy and movement

Diana Londoño, MD

August 27, 2021Aug 27, 2021

I recently heard an interview on NPR about the author Yusef Salaam that wrote a book called Better, Not Bitter, and the title just blew my mind. I had to repeat it a few times in my head. Better —…

It made me think of everything that happens to us and how we all have a choice to turn any small interaction up to every major trauma into an …

Physician Finance

Should physicians invest in cryptocurrency?

Christopher H. Loo, MD, PhD

August 23, 2021Aug 23, 2021

In 2009, I came across the white paper written by Satoshi Nakamoto describing a digital currency based on a peer-to-peer network, completely independent of central banks, autonomous, decentralized, digital, and would give access to finance and banking to the masses.…

This “magical internet money,” as it was described at the time, would come to be known as Bitcoin.

The reason that this paper was so revolutionary was that it was prescient of …

Podcast

How doctors think about financial independence is dead wrong [PODCAST]

The Podcast by KevinMD

August 21, 2021Aug 21, 2021

"A rough career transition in 2019 followed by the pandemic highlighted how I was still financially tethered to my job — after 10 years of practicing as a subspecialty trained radiologist, saving, maxing out my retirement accounts, and investing in…

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“A rough career transition in 2019 followed by the pandemic highlighted how I was still financially tethered to my job — after 10 years of practicing as a subspecialty trained radiologist, saving, maxing out my retirement accounts, and investing in the stock market and in real estate. Looking around, …

Physician Finance

4 reasons you need a credit card in medical school

Tod Stillson, MD

August 18, 2021Aug 18, 2021

My son is a fourth-year medical student, and we have had some great discussions about credit cards recently, including their benefits. I believe this information would be helpful for all medical students to consider. As a student my son once…

As a student my son once preferred to use a debit card or cash to keep his expenses controlled. This financially conservative approach is what he was taught during his young adult days in our home. Avoidance …

Practice Management

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