59エピソード

Welcome to the Doctor Money Matters podcast.



I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ.



I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true.



By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had.



A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years.



I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers.



Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast.



Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com

Social media links:

twitter @drmoneymatters

Facebook www.facebook.com/doctormoneymatters/



Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

Doctor Money Matters Dr. Money Matters

    • キャリア

Welcome to the Doctor Money Matters podcast.



I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ.



I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true.



By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had.



A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years.



I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers.



Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast.



Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com

Social media links:

twitter @drmoneymatters

Facebook www.facebook.com/doctormoneymatters/



Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

    Ep 57. Introducing What's Up Docs?

    Ep 57. Introducing What's Up Docs?

    This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a YouTube series called What’s Up Docs? to talk about what's trending in physician social media. 
    In this episode we discuss:
    a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a thread on Reddit. We talk about the Berkshire Hathaway letter. We talk about the change of the USMLE to a pass fail exam. A surgeon who was shot and killed and the threat of violence upon healthcare workers. Whether we should pay down mortgages or invest. Thanks for listening. To see the video, please check it out and subscribe on YouTube. 
    Finally please join me and Stephanie Tsang, CFP on March 9 for our free college financial planning webinar. Sign up here or on the Doctor Money Matters Facebook group or message me on Twitter or Facebook or send me an email at tarang@doctormoneymatters.com

    • 43分
    Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.

    Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.

    Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers.
    We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet.
    If you have not yet read her article. Here is a link to her website apennedpoint.com

    • 44分
    Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing

    Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing

    On this episode we talk with Ian Ippolito who runs a real estate crowd funding website which is a valuable resource for those who are interested in this space.
    We talk about Ian's approach to real estate investing.
    Evaluate sponsor first (experience through a full business cycle) Lots of sponsors right now have not gone through a downturn Look at the deal itself Leverage (65% leverage or less) Sponsor has invested also (skin in the game) What is the deal structure (how does sponsor make money)? Locked in long term debt (at low rates) Different types of niches in crowdfunded real estate (land, farms, self storage, mobile homes, hotels) We talk about the difference between public crowdfunding deals vs private network deals.

    Finally we discuss where Ian thinks we are in the cycle (physical and financial and he explains the difference between the two)
    His blog is at the therealestatecrowdfundingreview.com and is full of useful information you should look at prior to investing with one of the crowd funded companies.
    More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube  and Facebook. 
    You can follow me on twitter @drmoneymatters
    Instagram @doctormoneymatters
    Please consider joining the Doctor Money Matters Facebook group.
    Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.

    • 34分
    Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine

    Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine

    On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence. 
    We talk about the role of AI in the future of medicine. 
    Will AI replace radiologists?  Will there be fewer jobs for physicians in the future?  What are the capabilities of AI and where does it fall short?  We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care.  What are the stakes for new and recent grads in medicine? Who is going to be liable for any potential malpractice? More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube  and Facebook. 
    You can learn more about Dr. Chokshi at his website falgunchokshi.com
    You can follow me on twitter @drmoneymatters
    Or Instagram @doctormoneymatters
    Please consider joining the Doctor Money Matters Facebook group.
    Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.

    • 52分
    Ep 53. Opportunity Zones -- Dan Gauthier

    Ep 53. Opportunity Zones -- Dan Gauthier

    On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment. 
    Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way.
    Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be in real estate or qualifying businesses. 
    The tax breaks are 3 fold:
    Defer realized capital gains. Reduction of existing capital gains by up to 15% if opportunity zone investment held for 7 years. No tax on future capital gains if opportunity zone investments if held for 10 years. As we discuss, these benefits can make a good deal better but do not make bad deals good, so please really vet the deals that are being presented.
    Remember this show is for educational purposes only. Please do your own due diligence prior to investing in any deal.
    A link to the WSJ article mentioned at the beginning of the show.
    Wall Street Journal--Opportunity Zones off to slow start
    Contact info for Daniel Gauthier
    More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook. 
    You can follow me on:
    twitter @drmoneymatters 
    Instagram @doctormoneymatters
    Facebook @doctormoneymatters
    Email me editor@doctormoneymatters.com
    Please consider joining the Doctor Money Matters Facebook group.
    Please share this podcast with your colleagues and join our email list.
    Thanks for listening and please leave us positive reviews on Apple Podcasts and continue to share this podcast with your colleagues.

    • 42分
    Ep. 52 -- Surprise (Balance) Billing with Dr. Amy Cho

    Ep. 52 -- Surprise (Balance) Billing with Dr. Amy Cho

    On this episode, my guest is Amy Mecozzi Cho MD, an emergency medicine physician in MN who is passionate about making sure physicians voices are heard, particularly on the issue that is all over the news lately, Surprise (Balance) Billing. This is when the medical group providing the care charges the patient the balance between their fees and the (low) rates the insurance companies will pay. Obviously this is an unfortunate position for patients to be put in and physicians end up taking the financial and perception hits.
    As an emergency physician she is required to take care of anyone who comes into the emergency department by law, physician oath and ethics, regardless of ability to pay. However insurance companies do not have to follow the same rules and can refuse to negotiate adequate reimbursement because they know physicians are bound by these laws. It’s obviously an uneven playing field. These entities have also had the ear of lawmakers and are pushing solutions to Congress that would negatively impact us. We as physicians are generally too busy to fight this, but if we don’t the results will be a disaster for those involved in patient care.

    I encourage you to contact your congressional representative and senators and make your voice heard on this issue. The current solution in the Senate is the Benchmark solution and would lead us to the race to bottom described by Dr. Cho on the show. The New York (Independent Arbitration) solution is the one that we need to advocate for. It’s the only real way to reach fair outcomes. The fact that insurance companies are advocating for the benchmark solution should tell you as physicians how it will be for you.
    https://www.house.gov/representatives/find-your-representative 

    Here is an article that goes over the solutions in more detail: https://www.healthaffairs.org/do/10.1377/hblog20190708.627390/full/
    More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook. 
    You can follow me on:
    twitter @drmoneymatters 
    Instagram @doctormoneymatters
    Facebook @doctormoneymatters
    Email me editor@doctormoneymatters.com
    Please consider joining the Doctor Money Matters Facebook group.
    Please share this podcast with your colleagues and join our email list.
    Thanks for listening and please leave us positive reviews on Apple Podcasts and continue to share this podcast with your colleagues.
     

    • 43分

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