Lifestyle

With doctor burnout rampant and little relief in site, more physicians are dropping out of clinical medicine, planning abbreviated clinical careers, or not taking residencies at all.

The name of the game is how much you keep, not how much you make. I’m not advocating extreme financial hoarding; I’m advocating smart stewardship of your hard earned dollars.

One of the tried and true principles of entrepreneurship is the ability to learn from your mistakes. The same holds true for any doctor, since mistakes are inevitable.

A casual observer might argue that much of what a physician does is, in effect, sales. We are often trying to talk someone into something, a medical work up or treatment, or out of something, like self-destructive habits.

When to Drop Your Idea

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Like most entrepreneurs, I've had my share of failures, fumbles and fooling around. It would have been a lot easier if I had euthanized the ideas sooner and put myself and many others out of their misery sooner.

With an estimated 12% of Medicare and 10% of Medicaid payments lost to fraud and other improper payments in 2015, it is no surprise that battling healthcare fraud is a high priority on the government's checklist. Let's talk about one rampant cause of healthcare fraud that doesn't get the limelight.

How To Build a Crowd

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There are many reasons to build a crowd. Crowd funding must have a crowd. Innovation takes a crowd. New product development and post market surveillance takes a crowd. Building a non-profit takes a crowd. Intrapreneurship takes a crowd. But, how do you do it?

Walk the talk. Health translates into wealth exponentially. Focus on your health, physical, psychological, spiritual, and financial health. How can you be a health care provider if you are not health yourself? True, our career demands so much from us that it’s challenging to be stay healthy, more so than any other career. But we like challenges; that’s why we choose medicine as a way to serve. So now, rise up to the challenge and exemplify the health that you teach your patients to work toward.