The Passive Income MD Podcast #273 Is Your Physician Salary Really Safe?
Jul 21, 2025
Is your physician salary really secure? Dr. Peter Kim dives into the harsh realities of job security for medical professionals. He shares his personal experiences and highlights the importance of diversifying income streams amid changes like reimbursement cuts and AI advancements. Listeners are encouraged to rethink their financial plans and consider investment opportunities to safeguard their future. It’s all about being prepared and proactive in uncertain times!
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Dream Job Didn’t Meet Expectations
- Dr. Peter Kim landed his dream job after fellowship but faced unexpected income cuts after partnership.
- This experience shifted his perspective on job security and pushed him to build other income streams.
Physician Employment Shift Risks
- The majority of physicians moved from owning their practices to being employed, sacrificing autonomy for perceived stability.
- Employed physicians have less leverage, which can lead to cuts in pay and changes in work conditions.
Adapt to Reimbursement Changes
- Recognize that reimbursement structures can change suddenly, affecting income significantly.
- Stay informed and flexible to adapt to these financial and systemic changes in healthcare.