Ep. 40. Leslie Kane, MA -- Medscape Physician Salary and Net Worth Surveys.
Release Date: 10/18/2018
Ep 62. Doctors and Social Media -- Dana Corriel, MD
Doctor Money Matters
On this episode we talk about social media with Dana Corriel MD, an internal medicine physician and creator of the SoMeDocs group. She recently left the practice of medicine to help physicians develop their online presence. Her goal is to help empower physicians reach their patients, a broader audience, and develop their brand and yet balance it with responsibilities as professionals, employees, etc. We talked about why she left medicine to pursue this opportunity. Dr. Corriel runs master classes for physicians interested in improving or developing their presence. I am going to be a teacher in...
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Ep 61. Gita Pensa, MD -- Malpractice litigation and its impact on the physician
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. In this episode we talk with Gita Pensa MD, an emergency medicine physician and fellow podcaster who created an incredible podcast which is a must listen about lawsuits in medicine and the personal impact it had on her. Its a “Serial” type podcast which is extremely well done. I highly recommend it. Note this episode was recorded just prior to the Covid shutdowns in March 2020. Please support our sponsor if you are in the market for disability insurance and especially if you are early in your career for the best rates. In this episode we...
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Ep. 60 -- Student loan basics with Ben White, MD
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. In this episode we talk about student loans with Ben White, MD a radiologist and blogger who writes about various topics but has written a FREE book about student loans. Note this episode was recorded pre covid so there have been some changes relating to loan deferrals so please check with your loan servicer prior to making any changes. Please support our sponsor if you are in the market for disability insurance and especially if you are early in your career for the best rates. We talk about types of student loans (Federal direct and plus, private,...
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Ep 59. Joel Greenwald, MD CFP -- Withdrawing assets in retirement
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. It has certainly been an eventful spring between the Covid crisis and the national protests bringing more attention to the unequal treatment of African Americans by law enforcement, and also the financial market volatility. Our guest was Joel Greenwald, MD a physician turned financial planner in Minnesota who has a long term financial planning business managing mostly physicians money called Greenwald wealth management. We talk on this episode about the strategies of withdrawing assets once you retire. How do younger physicians get to the asset...
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Ep. 58 Real Estate Investing with Cory Fawcett, MD
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a retired surgeon in Oregon who has written books for medical professionals including The Physicians guide to Real Estate Investing which we talked about on the show. It and his other books are available on Amazon or his own website We talk on this episode about the power of real estate investing. Why Dr. Fawcett favors active real estate investing (ownership) instead...
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Ep 57. Introducing What's Up Docs?
Doctor Money Matters
This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a called What’s Up Docs? to talk about what's trending in physician social media. In this episode we discuss: a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a . We talk about the We talk...
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Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.
Doctor Money Matters
Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers. We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet. If you have not yet read her article. Here is a link to her website
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Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing
Doctor Money Matters
On this episode we talk with Ian Ippolito who runs a real estate crowd funding website which is a valuable resource for those who are interested in this space. We talk about Ian's approach to real estate investing. Evaluate sponsor first (experience through a full business cycle) Lots of sponsors right now have not gone through a downturn Look at the deal itself Leverage (65% leverage or less) Sponsor has invested also (skin in the game) What is the deal structure (how does sponsor make money)? Locked in long term debt (at low rates) Different types of niches in crowdfunded real...
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Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine
Doctor Money Matters
On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence. We talk about the role of AI in the future of medicine. Will AI replace radiologists? Will there be fewer jobs for physicians in the future? What are the capabilities of AI and where does it fall short? We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care. What are the stakes for new and recent grads in medicine? Who is going to be liable for any potential malpractice? ...
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Ep 53. Opportunity Zones -- Dan Gauthier
Doctor Money Matters
On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment. Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way. Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be...
info_outlineThe 2018 Medscape Salary and Wealth/Net Worth Survey
Your income is the biggest contributor to your overall financial health for most people. As physicians we don’t always know what we are worth. It is important to look at the market data.
My guest on this podcast is Lesley Kane of Medscape business of medicine who is in charge of the annual physician salary and net worth surveys.
We talk about trends in physician salaries. What are the highest paid fields? We look into primary care vs specialty fields. We also look at the persistent gender gap in salaries and what are some possible causes vs misconceptions.
We talk about why there are so many physicians with relatively low net worth by age 65 despite relatively high incomes. This is a problem and I am critical of the number of physicians who are in this situation. While some may have valid reasons, 25% of physicians with net worth less than $1M by age 65 is too much.
Also we discuss whether physician salaries should be discussed publicly and whether its a good thing or not. Will patients or other non physicians use it against us?
Here are links to the surveys. (You will may need to login or subscribe to Medscape (Free))
Salary and Compensation report
Let’s continue the discussion over at the Doctor Money Matters private FB group (you need to request membership).
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