Why many doctors live paycheck to paycheck

--------------------------------------------------------------- Here are classic practice management stories you missed on KevinMD. Thank you for your continuing readership. --------------------------------------------------------------- Sponsored job listings from Careers by KevinMD.com [Orthopedic surgeon](. Expect to be busy from day one. Extremely supportive administration and high level of morale among medical staff. Strong support from our primary care physicians for referrals. [Brand new facility](. [Pediatrician](. Full-time. Call and half day weekend office hours rotation 1 out of 4. [Competitive salary with benefits](. [Family medicine](. $220,000-$230,000 base salary. Productivity bonus incentive with no cap. [Quality work/life balance](. --------------------------------------------------------------- KevinMD Plus: Sep 21, 2019 [Why many doctors live paycheck to paycheck]( 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 […] [What’s happened to clinician empathy?]( In 2006, the Mayo Clinic asked 192 patients an important question: What makes an ideal physician? From their responses, several characteristics emerged. Among the top criteria, they wanted doctors to be “personal,” “empathetic” and “humane.” This shouldn’t come as much of a surprise. Of course, we want doctors who relate to their patients as people […] [The social isolation physicians face after they retire]( Doctors by our nature do not handle idleness well. We value our vacations, of course. I never sought out a study to see if doctors vacationed differently than others. Some probably hang out someplace warm, others seek out the best eats of the place they are visiting, some cannot wait for the cruise ship to […] [The win-win solution for patient satisfaction]( People are told by big media that doctors will probably hurt you and you will never see it coming. They are told to stick up for themselves, be an advocate for your child/parent/dependent. Ask for more tests. They must be missing something. Ask for more consults. A second, third or fourth opinion must be better. […] [Refuse to accept that burnout is a natural experience in health care]( Burnout is a myth. Dedicated clinicians, working under circumstances that connect their skills and compassion with opportunities to impact patients, won’t experience burnout any more often than they might by doing other jobs. The story we tell -- the one that dissatisfaction is this system’s inevitable byproduct -- perpetuates more harm than we know. This […] [Is the physician financial independence community preaching to the choir?]( Proof of concept is important because accountability is a tenuous thing. One can pretty much say whatever they want on the internet. They can boast. Spin half-truths. Tell a tale. The most deadly of these are the ones that are just a slight variation of reality. Personal finance is no different. Net worth projections, budgets, the acumen […] [3 health tips to help busy physicians]( 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 […] [Will blockchain become the coin of the medical realm?]( First, there was Bitcoin, a cryptocurrency that utilizes blockchain, a decentralized system of data collection and transactions that we are told will defy hacking. (Wasn’t the Titanic said to be unsinkable?) We read that cryptocurrency and other blockchain functions will be a societal gamechanger, much like the internet was when Al Gore invented it some […] [This doctor paid off $200,000 in student loans in 19 months. Here’s how.]( 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 […] [9 non-clinical career options for doctors]( 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 […] --------------------------------------------------------------- If a friend sent you this email and you want to subscribe, go to [KevinMD](. --------------------------------------------------------------- 345 Hudson Street New York NY 10014 USA [Unsubscribe]( | [Change Subscriber Options](