What physicians should know about investing in real estate

Finance
April 19, 2019

As someone who can’t stop talking about passive income investments, I inevitably end up having a lot of conversations about investing in real estate.

I’ve heard countless stories of how real estate investing has helped people achieve their goals, but from those who don’t invest, I often hear this objection commonly voiced, “I don’t want to be called in the middle of the night to unclog a toilet.”

What I …

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What physicians should know about investing in real estate

How physicians and administrators can get to a place of greater trust

Policy
April 16, 2019

Recently, I wrote about some key findings from a 2018 survey of U.S. physicians by The Physicians Foundation. It’s no surprise to anyone working in health care today that the survey found alarming levels of professional dissatisfaction, burnout, and pessimism about the future of medicine among respondent physicians. Sadly, it appears that much of that pessimism is directed toward hospitals and their leaders: 46 percent of survey respondents viewed …

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How physicians and administrators can get to a place of greater trust

These are the only 3 reasons to file a tax extension

Finance
April 12, 2019

There are only three valid reasons to file an extension on your taxes, which changes your required filing date from April 15th to October 15th. Unfortunately, I see many people who have filed an extension incorrectly or for the wrong reason that end up getting billed by the IRS for interest and penalties. There is no reason anyone should have to pay penalties for late tax filing since correctly filing for …

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These are the only 3 reasons to file a tax extension

It’s important to understand the money trail in medicine

Finance
April 9, 2019

There was a recent news brief stating that the average internist generates about $2.4 million annually for the hospitals that they work for.  While it’s no surprise that doctors help others make money, seeing a figure to your worth hammers home how much we sustain the health care system, often at our own expense.

This means that a hospitalist making $240,000 …

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It’s important to understand the money trail in medicine

Work-life balance is hard. Here’s how this physician does it.

Physician
April 8, 2019

Work-life balance is hard, and that’s true for so many career options both in and out of the medical field. The topic is something that you consider as you choose a career path. It’s something that you struggle to achieve and maintain as you train for your job, and as I have found out over the past eight months, something that you have to invest energy into after finishing training …

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Work-life balance is hard. Here’s how this physician does it.

Innovative approaches to solve physician burnout

Physician
April 8, 2019

Health care organizations are moving to address clinician burnout with a real sense of urgency. It is now commonly accepted that burnout is widespread among health care professionals and has serious repercussions for patient safety and the quality of care. A report released by several major Massachusetts health care organizations labeled the situation “a public health crisis” and warned about the adverse impact “on the health and well-being …

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Innovative approaches to solve physician burnout

Real estate syndication 101: a physician’s guide

Finance
April 1, 2019

Many physicians are looking for alternative sources of income and are looking for ways to diversify their investment portfolio from the volatility of the stock market. Some have heard of real estate syndications, but what exactly is a syndication? For those who have not heard of it, real estate syndications can be an attractive investment vehicle for busy professionals who do not have the time or experience to actively manage …

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Real estate syndication 101: a physician’s guide

I don’t plan to buy a home after medical school. Here are 12 reasons why.

Finance
March 31, 2019

I’m a graduating fourth-year medical student, and as most physicians know, this has been one of the best years of my life. I just matched into my top choice residency and am one step closer to becoming a primary care sports medicine physician, my dream job. Many of my classmates have capitalized on this time of excitement by making the controversial decision to buy a home before they start residency. I have not. …

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I don’t plan to buy a home after medical school. Here are 12 reasons why.

Best jobs for retired physicians: What are the options?

Physician
March 30, 2019

This article is sponsored by Careers by KevinMD.com.

Even the best of careers must end sometime. Sure, most doctors look forward to retirement, but not every retired physician wants to sit back collecting sea-shells for the rest of his or her life. Whether driven by financial constraints or by that persistent longing to change the world, any physician …

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Best jobs for retired physicians: What are the options?

How physicians can find meaning in their work

Physician
March 29, 2019

“Seriously, do you often/very often reflect on how your work helps make the world a better place?”

I was recently involved in an email exchange with a colleague when she sent me this line. We will get to the answer to that question at the end. I was disappointed, but not surprised because until about three years ago, I probably would have answered, “No.” However, I have had a paradigm shift …

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How physicians can find meaning in their work

Fixing burnout among hospitalists is a leadership challenge

Physician
March 28, 2019

“Happiness is when what you think, what you say and what you do are in harmony.”
– Mahatma Gandhi

Burnout among physicians is at an epidemic proportion. National data suggests that more than 50 percent of our workforce is burned out, and this trend has been across the board from physicians in training to practicing physicians. Some of the specialties are more affected than others. Repercussions of provider burnout on health care …

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Fixing burnout among hospitalists is a leadership challenge

How Big Medicine is hurting patients and putting small practices out of business

Policy
March 27, 2019

Recently the CEO of a large health care network stated: “Market forces don’t apply to health care.”

Of course, economic and political forces apply to health care.  Big Medicine’s most powerful entities (insurers, hospitals, medical schools, pharmaceutical companies, pharmacies, and government agencies) formulate health care policy to enrich themselves at the expense of patients and small, independent medical practices.

As an independent family doctor, my practice’s existence is in jeopardy.  Small physician …

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How Big Medicine is hurting patients and putting small practices out of business

How social media can help or hurt your health care career

Social media
March 23, 2019

This article is sponsored by Careers by KevinMD.com.

We live in a time when social media isn’t just about sharing pictures or ideas with a close circle of friends and family. Between our Facebook statuses, our Twitter profiles and especially our LinkedIn pages, we are always public, all the time — no matter what your privacy settings may have you believe.

For …

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How social media can help or hurt your health care career

9 non-clinical career options for doctors

Physician
March 21, 2019

With burnout on the rise, many physicians are choosing to leave clinical medicine for alternative careers. Other physicians are wondering if it’s worth it to stay in a workforce that does not pull for the well being of their front line workers. Gone are the days where physicians stay stuck, suffering in a practice or career that is no longer fulfilling or worse, causing burnout. Those physicians are considered old-school …

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9 non-clinical career options for doctors

This doctor paid off $200,000 in student loans in 19 months. Here’s how.

Finance
March 18, 2019

There are some milestones that need to be appropriately celebrated.  For the 80% of physicians who graduated with student loan debt, paying those loans off certainly qualifies as such a moment.  Everyone has a different way of tackling their student loans.  Today, I want to outline how we paid off $200,000 in student loans in 19 months, and then discuss what our plans are to rid ourselves of the rest …

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This doctor paid off $200,000 in student loans in 19 months. Here’s how.

3 health tips to help busy physicians

Physician
March 18, 2019

Practicing medicine at the frontlines is hard. It’s damn hard. Every minute you need to be alert, ready to respond to a potential life or death situation, and be called to another important problem. The current medical practice environment — with excessive bureaucracy, suboptimal information technology, and extreme time pressure with patients — adds exponentially to the mix, and can make for a very stressful job. Make no mistake, even …

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3 health tips to help busy physicians

Why many doctors live paycheck to paycheck

Finance
March 18, 2019

Wealth seems to be an elusive dream for many people. They desire to become wealthy, but feel they don’t earn enough money to reach that goal, as if earning more would make the difference. A study of 10,000 millionaires presented in Chris Hogan’s new book, Everyday Millionaires, showed that 69% of these millionaires reached that level of affluence on a household income of less than $100,000 a year. If all …

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Why many doctors live paycheck to paycheck

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