

Medics Money podcast
Medics Money
The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
Episodes
Mentioned books

Jul 24, 2025 • 38min
MDT: Swap pension tomorrow for pay today, cash is trash and BIG ltd change
In this episode, the Medics' Money team discusses pressing issues facing resident doctors, including the potential strike for pay restoration, the implications of student loan forgiveness, and the controversial proposal to swap pension benefits for immediate pay. The conversation also touches on the Economic Crime and Transparency Bill, which will affect how limited companies file their accounts, and the importance of financial education in light of the current economic climate.
takeaways
Resident doctors are considering striking due to pay issues.
Student loan forgiveness is seen as a potential solution but raises questions about fairness.
Pension swapping proposals may not address the core issues of pay restoration.
Generational differences in medical training and financial burdens are significant.
The Economic Crime and Transparency Bill will increase financial transparency for doctors.
Cash ISAs are losing value due to inflation, prompting calls for investment education.
Financial education is lacking in schools, leading to poor financial decisions.
Doctors feel undervalued compared to previous generations.
The current economic climate is affecting recruitment and retention in the NHS.
Investment is generally more beneficial than holding cash in the bank.
Chapters
00:00
Introduction to Resident Doctors' Financial Concerns
01:05
Student Loan Forgiveness vs. Pay Restoration
07:00
Pension Swapping: A Controversial Proposal
11:40
Generational Perspectives on Strikes
16:52
Economic Crime and Transparency Bill
26:25
The Debate on Cash ISAs and Investment Education

Jul 22, 2025 • 52min
Ep 281: Financial Independence Beyond Pensions: Insights with Dennis Hall
Dennis Hall, founder of Yellowtail Financial Planning and co-host of the Century Plan podcast, brings a wealth of knowledge on retirement strategies beyond pensions. He shares his journey from the Royal Marines to financial advising, highlighting common financial mistakes that professionals make. Dennis emphasizes the significance of setting clear personal financial goals and the psychological aspects of planning. The conversation also explores the importance of early investments and tailored financial habits for achieving long-term financial independence.

Jul 15, 2025 • 18min
Ep 280: NHS Pension is broken, here’s how to fix it.
Andy Powell, an independent medical accountant and NHS pensions expert, discusses the pressing issues in the NHS pension system, especially for GPs. Key problems include missing contributions and bureaucratic hurdles that undermine trust in the system. Together, they propose reforms like automating data entry, scrapping the GP Solo system, and streamlining paperwork to enhance efficiency. They also stress the need for a strategic investment to improve the overall management of pensions, providing resources that help GPs better navigate this complex landscape.

8 snips
Jul 8, 2025 • 37min
Ep 279: Family Finance Essentials: Understanding Parental Leave for Medics
This discussion dives into the intricate world of parental leave for healthcare professionals. It explores maternity, paternity, and shared parental leave, breaking down rights and entitlements. Listeners gain insights on navigating statutory versus occupational leave, maximizing maternity allowances, and understanding the nuances of adoption leave. There’s a strong emphasis on financial planning, job security during pregnancy, and strategies for equitable childcare distribution. A must-listen for medics aiming to better manage family finances!

Jul 1, 2025 • 40min
Ep 278: Reimagining Patient Consultations with AI: The Heidi Experience
In this episode of the Medics' Money podcast, Dr. Tommy Perkins talks with Dr. Hannah Allen, the Chief Medical Officer for Heidi, about her journey from clinical practice to health tech. Dr. Allen shares her experiences with using AI in healthcare, particularly the Heidi platform, which assists doctors by automating consultation notes and referral letters, thus saving time and improving efficiency. She discusses the benefits and challenges of integrating AI in medical practice, including accuracy and data privacy concerns. The conversation also explores the future of AI in healthcare and offers practical advice for clinicians looking to transition into health tech roles. Listeners are encouraged to try Heidi for free and provide feedback to improve the platform.
00:00 Introduction to Dr. Hannah Allen's Journey
01:26 Welcome to the Medics Money Podcast
01:48 From Doctor to Chief Medical Officer
02:09 Early Career and Initial Challenges
03:44 Venturing into Health Tech
05:19 Founding Tinto: A Digital Health Startup
08:12 Joining Heidi and Initial Impressions
10:13 The Impact of AI Scribes in Healthcare
11:43 How Heidi Enhances Medical Practice
17:43 Addressing Common Concerns About AI in Healthcare
27:38 Future of AI in Healthcare
34:03 Advice for Aspiring Health Tech Professionals
39:16 Conclusion and Final Thoughts

Jun 24, 2025 • 33min
Ep 277: Streamlining Healthcare: Lexacom's Impact on Modern Medical Practices
Book a demonstration here.
In this episode of the Medics' Money Podcast, Tommy welcomes Dr. Andrew Whiteley, the founder of Lexacom, a widely-used health tech product. They discuss the origins of Lexacom, the challenges faced during its development, and the innovative features of its new version. Dr. Whiteley demonstrates Lexacom's capabilities, including streamlined email dictation, patient visit documentation via mobile, and AI-driven workflow enhancements. Ideal for GPs and hospital doctors, Lexacom aims to save time on administrative tasks and improve patient care. Watch the live demo to see Lexacom in action and learn how to integrate it into your practice.
00:00 Introduction and Guest Welcome
00:43 The Origin Story of Lexacom
03:55 Challenges and Growth of Lexacom
09:36 Innovations and New Features of Lexacom
11:58 Live Demonstration of Lexacom's Capabilities
27:07 Data Security and Privacy Measures
30:08 Conclusion and Final Thoughts
DISCLAIMER: This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.

Jun 17, 2025 • 1h 1min
Ep 276: Living above a takeaway to $15million founder
In this episode of the Medics' Money podcast, Dr. Shun Pang, co-founder of Anima Health, shares his inspirational journey from a 7-year-old immigrant from China to founding Europe's fastest-growing health tech company. He discusses his experiences in medicine, the challenges he faced, and what prompted him to transition into the tech industry. Dr. Pang elaborates on the potential impact of AI in healthcare over the next 10-15 years and highlights the importance of resilience, first-principles thinking, and a growth mindset for success. This conversation also provides valuable insights for doctors interested in transitioning to health tech.
00:00 Introduction: The Journey Begins
00:07 Founding Anima: The Seed of Conviction
00:30 Anima's Rapid Growth and Recognition
01:17 Shun Pang's Early Life and Challenges
01:54 Educational Path: From Grammar School to Cambridge
06:45 The Struggles and Failures Along the Way
09:57 The Birth of Anima: A Turning Point
15:03 Overcoming Obstacles: The Road to Success
25:36 Reflections on Resilience and Being an Underdog
28:02 The Role of Childhood Trauma in High Performance
29:07 Frameworks for Tackling Massive Challenges
29:34 First Principles Decomposition Explained
33:45 The Future of AI in Healthcare
45:51 Transitioning from Medicine to Health Tech
56:57 Advice for Aspiring Health Tech Innovators

Jun 17, 2025 • 11min
Ep 275: How FU Money = Financial Independence??
Explore the journey from debt to financial independence through the lens of FU money. Discover how having enough savings can offer freedom from your main job, using personal anecdotes like a surfing trip to Hawaii as motivation. Learn essential financial skills such as optimizing taxes and controlling spending. The discussion provides practical steps for anyone eager to attain financial stability and achieve seemingly impossible goals.

8 snips
Jun 10, 2025 • 37min
Ep 274: Are you burning out?
Rachel Morris, a former GP and host of the You Are Not A Frog podcast, shares her expertise on resilience and well-being. She addresses the alarming rates of burnout in healthcare, emphasizing its complex nature and the need for personalized strategies. The discussion highlights the importance of setting boundaries, managing workloads effectively, and recognizing personality traits that contribute to burnout. Morris also advocates for a cultural shift in the medical profession towards prioritizing self-care and emotional health.

Jun 3, 2025 • 44min
MDT: Active underperforms passive investing AGAIN, unemployed doctors and pay restoration FAIL
Navigating Resident Doctor Pay Cuts, Investing Insights, and Financial Strategies
In this episode of the Medics' Money MDT Podcast, hosts discuss various pressing issues affecting the medical community. Dr. Cyra Mackintosh, who recently secured a training job, and Mr. Andy Pow, a senior medical accountant, join to explore the significant challenges of unemployment facing many doctors. They break down the complications around the resident doctor pay offer and the psychological contract between doctors and the NHS. The team also underscores the pitfalls of active versus passive investing, spotlighting the Spiva Scorecard, which shows that passive investments historically outperform active funds. Lastly, they touch on the importance of financial habits, like taking advantage of cashback offers, in reinforcing long-term financial health.
00:00 Introduction and Guest Introductions
01:41 Discussing the Stock Market Crash
03:56 Investment Strategies and Media Influence
12:40 Resident Doctor Pay Offer and Job Security
23:54 Real Pay Trends in the Private Sector
25:25 Addressing Workforce Issues in Government
25:59 Educational Assistants and Pay Disparities
29:13 The SPIVA Scorecard: Active vs. Passive Investing
33:39 The Importance of Financial Confidence
40:08 Cashback Tips and Financial Savviness