Business is The Best Medicine

Personal Finance Blog for Medical Professionals

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Multifaceted Career: PA in Medicine, Entrepreneurship, and Motherhood

In today’s fast-paced world, many healthcare professionals wear multiple hats. As a full-time urgent care PA, part-time ER and spa worker, real estate investor, blog writer, and mom, my life is a whirlwind of changing responsibilities. This article provides a glimpse into my typical day, highlighting the delicate balance and offering insights on juggling various roles.

Welcome to Business is the Best Medicine

At Business is the Best Medicine, we want to empower Medical Professionals with personal finance and business knowledge.

We believe:

  1. Every healthcare professional should treat their career as a small business.  
  2. Every healthcare professional can achieve financial independence.  
  3. Our healthcare system will benefit from us achieving these first two goals.

We hope you enjoy our content!

 

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Pros to Broad Specialty as New Graduate Advanced Practice Provider

Pros to Broad Specialty as New Graduate Advanced Practice Provider

In “Starting Your Career in a Broad Specialty: A Guide for New Practicing Providers,” Heather illuminates the crucial decision-making process for healthcare professionals entering the workforce. Delving into the advantages of commencing one’s journey in fields like Urgent Care, Emergency Medicine, or Family Medicine, Heather offers invaluable insights into patient diversity, skill versatility, and entrepreneurial opportunities. With a thoughtful exploration of contrasting perspectives between broad and specialized fields, this guide serves as a beacon for new practitioners navigating the transformative transition into their professional careers.

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12 Money Tips for New Residency Graduates And 1 To Avoid

12 Money Tips for New Residency Graduates And 1 To Avoid

In “Navigating the ER: A Physician’s Guide to Contract Management Groups,” Dr. Slater delves into the intricate dynamics between Emergency Room doctors and Contract Management Groups (CMGs), unraveling the ethical complexities of this relationship. With practical insights and personal anecdotes, the article offers indispensable guidance for physicians grappling with the transition from traditional employment models to the challenges posed by CMGs, empowering them to navigate this evolving landscape while upholding their professional integrity.

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Why Teach Medical Professionals About Personal Finance?

Why Teach Medical Professionals About Personal Finance?

Dr. Slater outlines the pathway to financial independence (FI) for medical professionals, emphasizing the importance of personal finance education despite their advantageous position. While doctors benefit from high salaries and intelligence, they face unique challenges such as late starts and high student loan debt. By understanding the basics of FI and embracing financial responsibility, healthcare providers can achieve freedom, security, and optionality, allowing them to advocate effectively for their patients and profession while gaining control over their lives and careers.

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Neill Slater MD, MBA

Neill Slater MD, MBA

Author

Heather Zamarron PA-C

Heather Zamarron PA-C

Author

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