Practice Management

Emulating Michael Jordan’s winning mindset: a path to success for health care professionals and entrepreneurs

Physician
May 23, 2023

Michael Jordan, an iconic figure in basketball, is revered not only for his athletic prowess but also for his relentless dedication, perseverance, and strong work ethic. His career is filled with great lessons that apply universally, transcending the boundaries of sports. They are particularly relevant to health care professionals and entrepreneurs, two roles requiring a similar level of dedication, resilience, and a ceaseless hunger for growth and achievement.

Firstly, Michael Jordan …

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Secure your future today: the essential guide to disability and life insurance for physicians and professionals

Finance
May 22, 2023
YouTube video

This article is sponsored by Set for Life Insurance, helping over 30,000 physicians with life and disability insurance needs since 1993. Get the best available policies at discounted rates. Request a quote today.

In this special sponsored episode, we …

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A tiny step to reduce physician burnout

Finance
May 21, 2023

At least one commentator has opined that “physicians aren’t burned out. They’re abused.” That is an extremely accurate diagnosis. No matter how many mandatory meditation sessions physicians are required to attend during their lunch hours, they remain overworked, overstressed, and unhappy with their careers.

Although there is no easy fix, there are issues that can be addressed in the physician employment agreement that can ameliorate the horrible working conditions foisted …

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Mastering career transitions in the medical field: tips from a health care attorney [PODCAST]

Podcast
May 19, 2023
YouTube video

Subscribe to The Podcast by KevinMD. Catch up on old episodes!

In this episode, our guest Amanda Hill, a health care attorney, shares insights on navigating career transitions in the medical profession. Whether you’re burned out, seeking new challenges, or dealing with personal or health issues, leaving …

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Revolutionizing physician work: Embracing location-independent careers and professional micro-corporations for autonomy and success

Physician
May 19, 2023

There was a time when one doctor worked one job in one geographic location where he/she was altruistically dedicated to serving a population in the practice of medicine.

For years this idea of working one job in one location was anchored within the private practice model which then gave way to the traditional employment model. The latter offered a parallel promise of a stable and long-term medical practice in one location—with …

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Why a business education is essential for financial stability and cutting-edge medical care

Finance
May 18, 2023

Physicians today are being flooded with information about finding the best ways to increase their practice incomes. Secondary employment may be appropriate for desperate physicians in financial distress, but the usual short-term nature of such employment is shrouded with low income, covering unexpected hours outside agreements, weekends working, management issues, and being labeled as the “fill-in” doctor.

I say that because I worked at the local Planned Parenthood clinic for a …

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The myth of wealthy doctors: Why business education is vital for every physician

Finance
May 17, 2023

“Money makes the world go ’round.”

Whether you believe this this figurative adage or not, it is a hard truth. Money is ubiquitous; it pervades everyday life. And money is the cornerstone of business. So I’m shocked to hear “pretty much nothing” when I ask residents what they’re taught about business and money these days.

Not to insult anyone’s intelligence, but I’ll venture an assumption. If you are a medical student, resident, …

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Revolutionizing health care: lessons from Michael Jordan’s partnership with Nike

Finance
May 15, 2023

One of the more-anticipated movie releases in my household this spring was Air, which tells the story of Nike’s now-famous partnership with Michael Jordan. Their landmark shoe deal redefined what it meant to be a professional athlete: players evolved beyond serving as brand ambassadors to become brands unto themselves.

Jordan’s partnership with Nike marked a true industry paradigm shift. I can’t help but feel that health care is also at an …

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From defensiveness to compassion: How shifting your mindset can help physicians overcome negative patient reviews and burnout

Physician
May 15, 2023

One thing that has changed in medicine over my career is the emphasis on patient reviews. As time has passed, more of what we do as physicians has been attached to various metrics, and our identities and success or lack thereof have been defined by these metrics. A huge part of these metrics is patient reviews. In speaking with many of my fellow physicians and seeing numerous comments on physician …

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Finding new purpose: a doctor’s inspiring journey of resilience and reinvention [PODCAST]

Podcast
May 14, 2023
YouTube video

Subscribe to The Podcast by KevinMD. Catch up on old episodes!

Join us as we chat with Stephanie Pearson, a board-certified obstetrician-gynecologist and the CEO of PearsonRavitz, an insurance advisory firm. Stephanie shares her personal journey of resilience and reinvention after a career-ending injury, and how she found …

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Unlocking the power of morning intentions: a physician’s self-care practice for finding ease and flow in life

Physician
May 13, 2023

The conversation of physician wellness includes self-care and self-care practices.

As a practicing physician, I adopted many self-care practices as the vehicle to restore peace and connect to the flow of life.

One practice has taken center stage for me, creating the pattern interrupt needed to get back in the flow of life when faced with stress and overwhelm.

My morning routine, whether I am waking up at home or in the hospital …

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Mastering the art of transition: essential tips for leaving your medical career behind and pursuing a new path

Finance
May 13, 2023

You have had a long, fulfilling career. Or maybe you’re in the middle of practice, realizing you’re burned out and tired, and wanting to do something else. Maybe the practice you joined no longer fuels you, or you realize you’re working too hard. It could even be a family or health issue that forces you to look elsewhere. Or you think, “How can I transition from a practicing doctor to …

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Unlock the secret to growing your medical practice: Increase patient flow and income with effective physician referral strategies

Physician
May 10, 2023

The most efficient method to increase patient flow and income in private medical practice is through handling physician referrals. Has anyone told you how to do that? I thought it would be a kind gesture for me to offer my version of how to make the strategy perform miracles for your practice.

So, what’s so hot about referrals? You get them occasionally without doing anything to attract them. What you may …

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Revolutionize your practice: the value-based care model that reduces physician burnout

Physician
May 8, 2023

Nowadays, it’s clear that physician burnout is real. We know the statistics.

The American Medical Association reports that physician burnout – defined as a long-term stress reaction involving emotional exhaustion, lack of empathy toward patients, and a feeling of lower personal achievement – nearly doubled from 2020 to 2021.

Becker’s also reports that the primary care specialties – internal medicine, pediatrics, and family medicine – are among the top 5 …

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The medical-industrial complex: Why physicians shouldn’t expect wealth

Finance
May 6, 2023

The gradual influence of what’s called the “medical-industrial complex” has its tentacles wrapped around every physician’s medical career to the point that any practicing physician should expect no guarantee about becoming wealthy. Even the optimistic nature we carry along with our passion for improving our life circumstances and making a welcome difference in the health care we provide over the years will become tempered to reflect the demands of our …

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Finding balance: How my practice became more Amazon than Etsy

Physician
May 6, 2023

The other day, I spent an excessive amount of time trying to dry some lettuce leaves for a salad. After failing to act on my thought many times, I decided I needed a salad spinner. Due to my menopause brain (attention span: zero), I grabbed my phone, opened the Amazon app, and ordered the highest-rated salad spinner.

None of this information is groundbreaking, but what was impressive was that the package …

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Treadmill of achievement: How it can be addictive and dangerous [PODCAST]

Podcast
May 5, 2023
YouTube video

Subscribe to The Podcast by KevinMD. Catch up on old episodes!

In this episode, we sit down with Dawn Baker, an anesthesiologist and author of Lean Out: A Professional Woman’s Guide to Finding Authentic Work-Life Balance, to discuss the dangers of the treadmill of achievement. We explore the …

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Effective delegation: the key to unlocking more time and less stress in your busy life

Physician
May 5, 2023

How many times have you wished that you had more time? Do you feel like you’re too busy? Feel frazzled, rushed, and stressed?

No matter how much fame and fortune we may have, time is one thing that money can’t buy. One constant for every single one of us. Whether you are Jeff Bezos or a frenzied physician, we all only have 24 hours a day, seven days a week, …

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CME Spotlights