Lifestyle

When people hear the word ‘doctor’ or ‘physician’ they often times automatically assume they are flush with cash. But what many outsiders don’t realize is how strained a physician’s finances can be, and the unique struggles that they face when it comes to finances and financial planning.

Since its inception in 2013, Physician Retraining & Reentry (PRR), an online educational program empowering physicians of all backgrounds with the tools to practice primary care, has enrolled nearly 200 physicians and graduated 50 to date.

5 Lessons From a Mentor

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I recently had to see a dear mentor off, as she leaves UA medical imaging to join her family on the East Coast. She was a gem in our program. Many people were really sad to see her leave, but we are happy for her choice to be closer to family.

By 2025, the US will be short 90,000 physicians and 500,000 nurses. The Bureau of Labor Statistics projects that between 2014 and 2022 there will be over one million job openings for nurses because of growth and the need for replacements.

20 Steps to DIY Investing

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Taking control of your investments can be a daunting task. I've done my best to give you a step by step guide to help you become a do it yourself investor.

Drones could play a multi-faceted role in the provision of healthcare in the near future, a pill could play a role in halting alcoholism, and doctors report wishing to play a greater role in the health of some of their male patients. These stories and more comprise this week's PMD Critical List.

Life science entrepreneurship is the pursuit of opportunity with scarce, uncontrolled resources with the goal of creating customer/user-defined value through the deployment of biomedical and clinical innovation. Innovation can come in many forms, not just products and services.

There’s a wonderful symmetry to the fact that Barack Obama, the nation’s first African American president, will attend the opening ceremony for the new Smithsonian Museum of African American History & Culture. The $540 million facility, which opens to the public Saturday September 24, explores the history, sense of community, and the culture of African Americans.

Financial independence gives you the option of an early retirement. However, if you continue to work, you can afford to do amazing things with the bonus income from as little as one more year.

Impressions from São Paulo

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I recently had the privilege to participate in the First Medical Entrepreneurship conference in Sao Paulo, Brazil. Here are some impressions.

A few years ago I gave a lecture in Paris entitled, “Art: For Love or Money.” The thrust was that some people collect because they love art and others are interested in it primarily (or only) as a component of their investment portfolio. Now, these concepts have been taken further.

Birth Tourism is big business in China and southern California. While not necessarily illegal, it is definitely controversial. Should physicians play a facilitating role in this process?

Castles have always fascinated travelers, and Europe claims some of the world's most intriguing. In these centuries-old palaces, see where battles, banquets, and even a few beheadings have taken place, as well as admire priceless jewels and pristine gardens. In fall, spring and summer, the grounds are especially beautiful. Some of the castles may close or offer limited hours in winter. Always check ahead.

The Cost of Turnover in Dollars

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The cost in dollars of replacing healthcare employees is absolutely staggering. When you consider all of the factors, the cost of replacing a physician is over $1 million.

We live in a predominantly service economy, yet one of the drivers of our daily unease is the too-frequent breakdown of what should be routinely good service. So how can we best handle these small kerfuffles that bedevil us?

Empathy is the ability to share and understand the feelings of another person, as compared to sympathy, or feeling sorrow or pity for someone, it means putting yourself in their shoes. Technologists are doing just that.

PGY 500 S&P 500

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Some of the most amazing doctors I look up to have chosen to dedicate another 8-12 years as doctors in training, after graduating from medical school. It truly is remarkable and inspiring to see someone going to the 32nd grade...

I look forward to an early retirement in my mid-forties. I look forward to the freedom, but there are certainly some aspects of the career that I will miss.