FAQ: Should Doctors Get Pre-Nuptials and Post-Nuptials?
Divorce rates in the United States are high, with approximately 39% to 50% of marriages ending in divorce. For physicians, the rates are even higher, with one study indicating that 24% of female and 33% of male physicians reported being divorced. The demanding and often stressful nature of the medical profession, combined with long working […]
FAQ: What’s The Best Way to Ask For a Raise as a Doctor?
Before we dive into the best way for doctors to ask for a raise, I wanted to check the findings of the authoritative Medscape Physician Compensation Report of 2023. The subheading of the report is “Your Income vs. Your Peers,” which seemed like just the information I was looking for. Two of the three trends […]
Healthcare Economist: What Is It and How to Become One
In a New York Times article entitled “The Health System We’d Have if Economists Ran Things,” nearly 200 Ph.D. health economists were surveyed to find out what they thought of the idea. Presented at the American Society of Health Economists conference in the summer of 2019, surprisingly, many of those surveyed reported ” a few […]
The Ultimate Guide to Selling Your Private Medical Practice
As of last year, less than half (46%) of all medical practices are currently operated as private practices. Since the beginning of January 2019, over 108,000 physicians have left these types of practices to work in other healthcare settings. This may well be due, in part, to longer work hours and less EHR satisfaction in […]
Is Affiliate Advertising a Good Option for Physicians and Doctors?
Affiliate marketing is a term often used interchangeably with affiliate advertising. Technically: “Marketing is the process of identifying customer needs and determining how best to meet those needs. In contrast, advertising is the exercise of promoting a company and its products or services through paid channels. In other words, advertising is a component of marketing.” […]
FAQ: What is The Start-Up Cost to Start a Medical Spa?
Over the past 20 years, more and more Americans have become interested in nonsurgical and less invasive treatments and options to rejuvenate their skin and body. As a result, medical spas are a growing business idea that is highly lucrative. The American Society of Plastic Surgeons describes medical spas as a “combination of an aesthetic […]
The Pros and Cons of Physicians Creating a YouTube Channel
Social media. It’s everywhere. Can we, as physicians, ignore this marketing type’s importance in 2023? Not if you listen to what PostBeyond has to say. They report that “as 2022 closed and opened to 2023, many markets entered into a recession…astute marketing managers and leaders can see why social media marketing is important, now more […]
The Pros and Cons of Paid Product Endorsements for Doctors
Paid product endorsements involve a brand or company paying an individual, typically a celebrity or influencer, to promote their product or service. The endorser is typically compensated with a fee, ranging from a few hundred dollars to millions of dollars, depending on their level of fame and influence. The specifics of how paid product endorsements […]
Career Satisfaction: Which Doctors Enjoy Their Jobs The Most?
I’ve recently become curious about career satisfaction within the healthcare industry. What contributes to happiness for doctors in the States, and which doctors currently enjoy their jobs the most? It’s all too painfully clear that many doctors report high levels of burnout, feelings of anger and/or anxiety, and even depression so severe it leads to […]
Doctor Loan Programs: Who Qualifies and How to Apply
There are loan programs explicitly designed with doctors in mind. Called a “physician loan” or “doctor mortgage loan,” these programs are intended for medical professionals and usually don’t require a down payment. Regular mortgage loans require a down payment, and if borrowers can’t make a down payment above 20%, they’ll need to also pay for […]
