Stimulus - Learn Tools to Crush It in Your Medical Career

Dan McCollum, an emergency physician and Director of Teaching and Learning at the Medical College of Georgia, dives into the transformative concept of locus of control. He discusses how focusing on what we can influence leads to greater happiness and success, especially in high-pressure medical environments. The conversation touches on the power of small bets for significant change, the role of Stoicism in handling stress, and the importance of cultivating resilience to combat burnout. McCollum shares practical strategies for personal growth and embracing a proactive mindset.

Medical debt has a strange and storied history in America. Stretching back to colonial times, physicians and patients alike have grappled with its harsh realities. In recent years, hospitals have resorted to selling medical debt to third parties, who then aggressively pursue patients. In today’s episode, medical historian Luke Messac, MD, PhD, guides us through the past and present landscape of medical debt, examining perspectives from patients, providers, hospitals, and governments. We delve into a form of indentured servitude in the name of debt clearance, the birth of nonprofit hospitals, a pivotal shift in the 1980s, feasibility of operating healthcare under free market principles, medical economics in the 1600s, hospitals suing patients, and the emergence of medical debt as its own thriving industry.💡 Check out our Free Resources specifically designed to address pain points in medical practice💡Guest Bio: Luke Messac MD, PHD emergency physician and medical historian whose research focuses on health care's history and political economy. Luke is an attending physician at Brigham and Women’s Hospital, an Instructor in Emergency Medicine at Harvard Medical School, and the author of two books, No More to Spend: Neglect and the Construction of Scarcity in Malawi's History of Health Care and most recently, Your Money or Your Life: Debt Collection in American Medicine. We Discuss:Hospitals suing patients over debtThe Service Credit Program | Indentured servitude in the name of debt clearanceNonprofit hospitals were born out of the almshouse tradition, where charity care was part of the missionThe 1980s were a turning point for medical debt in the United StatesWith cuts in government medical spending, hospitals cut costs by limiting charity care and aggressively pursuing unpaid debtsWhy healthcare cannot operate in a pure free marketHospitals used to refuse care to patients and the courts supported itPatient dumping and the rise of EMTALACollecting money from patients has been an issue for hundreds of yearsIn the 1600s, doctors could be arrested for charging too muchDebtor's prisonDoes suing patients to recover medical debt improve a hospital's bottom line?In the early 2000s, Yale New Haven Hospital put liens and foreclosing on patients' homes as part of a debt collection strategyMedical debt collection has now become a thriving industryHow third-party medical debt collectors operateRIP Medical Debt buys and forgives medical debtIs buying and forgiving medical debt better or just forgiving it upfront?Dollar For is a nonprofit focused on helping patients navigate financial assistance programsSome hospitals are making financial assistance easier to accessState legislation is starting to address medical debt collectionNational approaches to medical debtMedical debt is prevalent around the world, but the US stands apart among wealthy countriesThe consequence of copaysPaul Farmer and caring for the destitute sick. The jungle hospital that's carrying out Paul Farmer's vision in GuatemalaRudolf Virchow - Physicians are the natural attorneys for the poorMentioned in this episode:Awake + Aware Bend May 5-7, 2025 | Our in person live event Ready to reset, recharge, and level up? Awake + Aware is a game-changing 3-day workshop where you will learn how to stay cool when the pressure’s on and lock in the mindset you need to flourish. Space is limited. 🎓 P.S. Yes, this is a CME event!Awake + Aware Bend 2025Never Lame. Never Spammy. Always Fresh.If you’d like a few minutes of career-elevating curated kickassery delivered to your inbox, sign up for our newsletter. Sign up for our Newsletter5 Free Tools To Make Medical Practice EasierScripts for your least favorite conversations. The quick and dirty guide to calling consults. A 10-minute "Driveway Debrief" to switch off from work. My favorite documentation templates. Step-by-step guide for delivering the news of death. Free Resources Link

Dr. Barry Kerzin, a US-born family physician and Buddhist monk, serves as the Dalai Lama's personal physician. He discusses the emotional challenges of living in abundance amidst global hardship and offers insightful strategies for managing guilt, anger, and impatience. Barry shares his transformative journey from medicine to monastic life, emphasizing the role of mindfulness and self-compassion in healthcare. He also introduces his app, AIMIcare, designed to combat burnout and promote emotional well-being among medical professionals.

Non-compete clauses have plagued contracts for decades. It’s been analogous to asymmetric warfare, with employers holding the upper hand. All of that may soon be a thing of the past.In this episode, we explore the Federal Trade Commission's recent ruling to ban these clauses and its implications for doctors and the healthcare industry. We'll also discuss the unexpected ways non-competes can protect smaller groups, the rise of independent contractor models, and the critical staffing issues in emergency medicine. A highlight of our discussion includes the lure and the trap of signing bonuses—what seems like a generous offer can sometimes come with subtle strings attached. Finally, we'll touch on the U.S. Senate's investigation into major staffing companies and the innovative emergence of empath units for mental health patients. 💡 Check out our Free Resources specifically designed to address pain points in medical practice💡Guest Bio: Leon Adelman, MD, MBA, FACEP, FAAEM is an emergency physician and co-founder of Ivy Clinicians, a software company that simplifies the emergency medicine job search through transparency. Dr. Adelman is the author and publisher of the Emergency Medicine Workforce Newsletter, which explores the business of emergency medicine.We Discuss: What is a non-compete clause?The Federal Trade Commission's ruling making non-complete clauses null and voidWhy employers and private equity are unhappy with the non-compete rulingThe emergency medicine-specific burn point of the non-compete ruling: contract retentionThe unexpected way that individual non-compete contract clauses can protect a group from being replacedWhy small groups like to use non-compete clausesHow larger groups have moved away from non-competes and favored a 1099 independent contractor modelWhy the non-compete ruling is a massive win for independent physician practicesThe lure and the trap of physician signing bonusesA signing bonus is a loan, not a check. It's a loan you are paying back with time.What is the chance of someone not paying back the time attached to a signing bonus?There's a reason that some jobs offer a signing bonus and others don't.The US Senate Committee on Homeland Security and Governmental Affairs is investigating the staffing models of USACS, Team Health, Envision, and Life PointWhen private equity owns a hospital, it tries to lower expenses by decreasing staffing48 states and the federal government don't require a physician in the emergency departmentIndiana and Virginia are the only two states that require a physician to be on duty in emergency departmentsAre Empath Units the solution to helping emergency department mental health patients?Mentioned in this episode:1 on 1 Physician CoachingI work with physicians to help them flourish in medical practice. If you're feeling stuck, burned out, or in trouble at work because of communication or conflict, check out our FAQ page for more info. Ready for real change? Book a discovery call. It’s free, low-pressure, and will give you clarity on your next steps.Physician Coaching FAQ4 Free Resources specifically designed to address pain points in medical practiceScripting your least favorite conversations. The Driveway Debrief. My 4 favorite documentation templates. The quick and dirty guide to calling consults.Free Resources LinkNever Lame. Never Spammy. Always Fresh.If you’d like a few minutes of career-elevating curated kickassery delivered to your inbox, sign up for our newsletter. Sign up for our Newsletter

Explore the importance of cultural context in patient care and clinician well-being, including practical examples of improving interactions and strategies for making patients feel heard. Understand the distinctions between cultural competence and cultural safety, and how approaching patient care with empathy and compassion can prevent burnout. Hear insights from Dr. Raj Sundar on caring for diverse communities and creating a framework for cultural knowledge.

The podcast discusses the common behavior of 'kicking the can down the road' in medical decision-making. They explore the reasons behind on-shift procrastination and provide strategies for overcoming it. Topics include recognizing decision deferral, managing decision aversion, pre-loading accountability, and building decision-making resilience.

Learn how to quickly create effective teams in crisis situations with the 'Name, Claim, Aim' framework. Explore the balance of leadership and operations in emergency medicine and the importance of clear communication and teamwork in high-pressure scenarios.

Will you have enough money to retire? What does that even mean? In this pod, our guest physician financial coach, Elisa Chiang, M.D. Ph.D. breaks down Trading time for money and money for timeWorking harder vs creating valueThe FIRE (Financial Independence Retire Early) movement and why it doesn't always mean living by austerity rulesThe risk of relying solely on retirement accounts to fund your post-career lifeHer biggest financial mistakeHow identity influences spending habitsIncorporating real estate into an investment portfolioGuest Bio: Elizabeth ‘Elisa’ Chiang, M.D. Ph.D. is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who found her way into personal finance and real estate investing during her MSTP program, aspiring for FIRE long before it became mainstream. Battling burnout from her work in a hospital system, she turned to real estate as her avenue to financial independence, complemented by her newfound passion for life coaching. With active involvement in rental properties and passive investments in syndications and real estate funds, Elisa now helps others achieve financial independence while embracing life's journey. Learn more at https://www.growyourwealthymindset.com/For full show notes of this episode and all sorts of other goodies, visit our podcast websiteWe discuss:Why a high income does not equate to wealthWorking harder vs creating valueOnce debt is gone, attention to money can dwindle Finding a place to start investing can be overwhelming and lead to inertiaHow to navigate a scarcity mindsetHow identity influences spending habitsMoney can buy time, but there's a catchElisa's biggest financial mistakesHow to decide if a real estate investment is a good (or bad) dealElisa’s big-picture financial strategyReal estate investing for positive cash flowIf you only think about maxing out your retirement account, you probably won't retain the same lifestyle when you stop workingBeyond real estate investing, what are other areas for investment to produce cash flow?F.I.R.E Financial Independence Retire Early | Survival, Regular, and Fat FIREHow to figure out how much FIRE money you'll need to stop workingWill my retirement funds actually last? Rate of withdrawal and sequence of returns risk Fat FIRE | Spending more in retirement than you did while workingMentioned in this episode:4 Free Resources specifically designed to address pain points in medical practiceScripting your least favorite conversations. The Driveway Debrief. My 4 favorite documentation templates. The quick and dirty guide to calling consults.Free Resources Link1 on 1 Physician CoachingI work with physicians to help them flourish in medical practice. If you're feeling stuck, burned out, or in trouble at work because of communication or conflict, check out our FAQ page for more info. Ready for real change? Book a discovery call. It’s free, low-pressure, and will give you clarity on your next steps.Physician Coaching FAQ

Discover the transformative Stoic practice of Phantasia Kataleptike, focusing on accepting setbacks as growth opportunities. Learn how reframing thoughts and language can enhance emotional stability and resilience. Explore tools for internal de-escalation and turning adversity into opportunities, fostering a mindset of wisdom and strength.

Delve into the critical juncture many professionals face when their career paths no longer bring fulfillment. Explore the decision-making process of staying or switching careers. Learn about breaking out of comfort zones for true happiness and embracing a new self-identity. Discover the importance of maintaining a professional image and transitioning to a more satisfying career.