MEC Practice Academy 11.19

Opinion

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In April, baby boomers passed the crown as the largest living generation to millennials, according to the U.S. Census Bureau. There are now more Americans between the ages of 18-34 than those aged 51-69.

Nearly 40% of doctors in the U.S. are aged 50 or older, and one in four are 65 or older, according to the American Medical Association. For these baby boomers, retirement is a fast-approaching reality. As they ponder their next life phase, doctors who own private practices face several challenges unique to the profession.

The Bureau of Labor Statistics recently released the latest data on physicians’ average salaries across the country, and the results could not have been more diverse across the map.

Every device with a wireless internet connection can potentially be broken into, and studies show that 1 in 4 people has been hacked. Over the past few years, white hat hackers have breached a variety of medical devices, proving that a skilled hacker could gain access to medical equipment and wreak havoc from a remote location.