When I was a young attending physician, I didn’t think much about non-clinical income streams. I had a secure job, or so I thought, as the only anesthesiologist practicing in the county
It’s becoming more and more common to see people, regardless of their careers, lifestyles, or situations, working towards creating streams of income outside of their day job. I’m here to tell you why it’s no longer a fun hobby.
As far as income security goes, physicians are seeing more and more that their ability to earn a stable income doesn’t necessarily depend on them. A job well done doesn’t mean a reliable salary these days.
Industry disruption has been happening in medicine right along with every other industry out there, and it will continue to happen. The rise of telemedicine in the pandemic serves as one example of this.
Industry Disruption is Commonplace, and Medicine isn’t Immune
Whether you’re a doctor or a banker, an artist or an accountant, nothing in this life is certain. We’re all bound to see some curveballs in our lifetime
The massive amount of training and the debt that comes with it leaves a lot of physicians trapped. They have invested so much time and money, and a different career that will allow them to pay their current debts would likely lead to even more debt.