Circulated to over 70% of US physicians, Doximity's Medical Business Digest discusses all things physicians and money. From increasing your income, to retirement planning and negotiation, the Medical Business Digest aims to improve the financial know-how of its physician subscribers. Here are some of the articles you can expect to receive:
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We analyzed 35,000 physician salaries. Here’s what we found.
If you are looking for the maximum return on your extra decade of education, then where you practice matters. It turns out, cities where our data shows physicians are most interested in working — Los Angeles, San Francisco and Washington, D.C. — have average salaries significantly lower than the rest of the country. Physicians living in our nation’s capital, for example, had the lowest average salary across all specialties — making a full 17% less than the national average for all specialties. Doctors in these metropolitan areas are most in-demand by employers based on recruitment activity on Doximity...continue reading
Consider this before taking a job with debt repayment
Graduating doctors often have a significant problem to overcome – student loan debt. Many new doctors will not consider a job unless there is some form of debt repayment or ability for debt forgiveness. Jobs that offer debt repayment can end up being a golden handcuff that keeps new doctors attached to their job for potentially longer than they would like...continue reading
Passive income Ideas for physicians
In keeping with that theme, I’ve assembled a few ideas you may not have considered previously. If you haven’t quite found the right passive income for you, or are perhaps looking to add another source of income, then one of the following ideas may be just what you’re looking for...continue reading
Should physicians feel guilty for retiring early?
I could retire financially, but I look at it differently than the early retirement enthusiasts. [Consider Fortune 500 execs, athletes, and performers.] Why in the world are these people still working? They certainly can retire, RIGHT NOW and not have to work again?
I think the answer, for pro athletes, Fortune 500 CEOs and lots of doctors and other working stiffs is the same...continue reading
These physician jobs make the most money
The doctors most in demand sometimes are not the most highly compensated. There is a shift in supply/demand forces in the healthcare job market across the country. It's also important to not only look at starting salaries, but also see what the salary will be like in 5 years. For doctors still in training, they must balance demand versus compensation when weighing their career decisions...continue reading