Succeed in Medicine Ep466 - Purpose in a Profit-Driven World: Why Physicians and Scientists Keep Showing Up
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In this episode, Dr. Jordan Grumet, sits down with host Dr. Bradley Block to address the public’s eroded trust in science and medicine, fueled by perceptions of greed. Drawing on insights from his work in hospice care and financial independence advocacy, Dr. Grumet challenges the notion that physicians are profit-driven, emphasizing that purpose, not money, sustains medical practice. He cites the Harvard Adult Development Study, which shows interpersonal connections, not wealth, drive happiness, and argues that physicians persist through burnout due to a deep sense of purpose.
To counter third-party exploitation by pharmaceutical companies, insurance firms, and private equity, he advocates for “shared storytelling” to close the intimacy gap between providers and patients. By sharing personal struggles publicly through blogs, podcasts, and poetry, physicians can rebuild allyship with patients, fostering a healthcare revolution to demand legislative change. Dr. Grumet’s upcoming book, set for release in September 2025, explores these themes, urging providers to humanize their profession.
Three Actionable Takeaways:
- Share Personal Stories Publicly – Use blogs, podcasts, or public speaking to share the emotional challenges of medicine, fostering empathy and trust with patients outside the exam room.
- Reframe Physician Motivation – When accused of being profit-driven, highlight data showing most physicians earn minimal pharmaceutical payments (less than $1,000 annually), emphasizing purpose over profit.
- Advocate for Systemic Change – Unite with patients to push for legislative reforms that curb third-party exploitation, such as insulin price caps, to improve healthcare access and affordability.
About the Show:
The Physician’s Guide to Doctoring covers patient interactions, burnout, career growth, personal finance, and more. If you're tired of dull medical lectures, tune in for real-world lessons we should have learned in med school!
About the Guest:
Dr. Jordan Grumet is a board-certified internal medicine and hospice physician, also known in financial independence circles as Doc G. He is the author of Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life and The Purpose Code: How to Unlock Meaning, Maximize Happiness, and Leave a Lasting Legacy. His upcoming book, set for release in September 2025, explores third-party exploitation in healthcare and the power of shared storytelling. A blogger, poet, and speaker, he advocates for purpose-driven medicine to restore public trust.
LinkedIn: http://linkedin.com/in/jordan-grumet-38a506179
Website: https://jordangrumet.com/
Podcast: https://podcasts.apple.com/ng/podcast/earn-invest/id1440355498
About the host:
Dr. Bradley Block – Dr. Bradley Block is a board-certified otolaryngologist at ENT and Allergy Associates in Garden City, NY. He specializes in adult and pediatric ENT, with interests in sinusitis and obstructive sleep apnea. Dr. Block also hosts The Physician’s Guide to Doctoring podcast, focusing on personal and professional development for physicians
Want to be a guest?
Email Brad at brad@physiciansguidetodoctoring.com or visit www.physiciansguidetodoctoring.com to learn more!
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Visit www.physiciansguidetodoctoring.com to connect, dive deeper, and keep the conversation going. Let’s grow!
Disclaimer:
This podcast is for informational purposes only and is not a substitute for professional medical, financial, or legal advice. Always consult a qualified professional for personalized guidance.