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 ...
MDT 2: Stocks crash, pension deadline, Tesla tax and why GPs don’t want to be partners.
https://www.medicsmoney.co.uk/our-courses/
In this episode, the Medics' Money team recaps a recent experiment where they discussed current medical finance issues and received positive feedback from their audience, prompting another MDT episode. The team, including Dr. Tommy, Dr. Ed, Dr. Cyra Asher, and accountant Andy Pow, covers crucial topics such as checking national insurance records for state pension eligibility, the volatility in the stock market, and the financial implications of electric cars. Additionally, they dive into why current trainees might be hesitant to pursue GP partnerships, discussing the financial risks and lack of business training in medical education while emphasizing the importance of seeking proper guidance and education through Medics' Money's courses. The discussion also touches on medical negligence and vicarious liability risks within GP partnerships. 00:00 Introducing the MDT Experiment
01:07 Meet the Medics Money Team
02:35 Importance of Checking National Insurance Records
04:10 Understanding Voluntary Contributions
05:50 Child Benefits and National Insurance Credits
11:26 Global State Pension Eligibility
13:03 The Great Stock Market Crash Discussion
20:18 Stock Market Sale
20:37 Electric Car Tax Changes
21:33 Luxury Car Tax Explained
22:30 Electric Car Incentives
24:38 Impact of Tax Policy on Electric Cars
27:10 GP Partnership Challenges
31:53 Lack of Knowledge About Partnerships
37:09 Unlimited Liability Concerns
42:49 Conclusion and Final Thoughts
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Ep 265: Get paid to train pharmacists with DPPConnect
Transforming Primary Care: The Role of Independent Prescribing Pharmacists In this podcast, a GP hosts members from DPP Connect to discuss innovative ways of integrating pharmacists into primary care. Raheena Kasam, Mahmud, and Sadik explain their roles and the function of DPP Connect in facilitating pharmacists to become independent prescribers by matching them with GPs for practical training. They delve into the specifics of the independent prescribing qualification process, the benefits for GP practices, and the future of pharmacist roles in general practice. The conversation highlights the collaborative efforts between GPs and pharmacists, the workflow integration, and the positive impact on patient care.
00:00 Introduction to the Podcast and Guests
02:02 Overview of DPP Connect
02:40 Understanding Independent Prescribing for Pharmacists
04:04 Real-Life Experiences and Benefits
06:44 Training and Supervision Requirements
10:03 Specialization and Scope of Practice
13:59 Vetting and Onboarding Process
16:04 Getting Started with DPP Connect
16:38 Future of Pharmacists in General Practice 21:16 Conclusion and Contact Information
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Ep 264: AI Medical notes that write themselves with Tandem health Dr Katie Baker
Sign up to Tandem here.
In this episode, host Tommy interviews Dr. Katie Baker, who transitioned from being a GP to becoming the CEO of a global healthcare company and Operations Director at Tandem Health. They discuss Dr. Baker's career journey, the role of AI in healthcare, and the groundbreaking AI scribe tool by Tandem Health designed to reduce administrative burdens for clinicians. They also delve into Dr. Baker's insights on the future of health tech, the importance of clinician involvement in tech startups, and practical tips for integrating AI tools into medical practices. The conversation highlights how AI can transform healthcare by allowing clinicians to focus more on patient care while streamlining administrative tasks.
00:00 Introduction and Guest Welcome
01:00 Discussing AI in Healthcare
02:03 AI Scribe Demonstration
03:26 Consultation Simulation
08:38 Tandem Features and Benefits
14:36 Getting Started with Tandem
16:02 Understanding Tandem's Pricing and Cost Efficiency
17:33 Necessary Equipment for Using Tandem
18:49 Navigating Implementation and Sign-Off Challenges
19:53 From GP to Health Tech: Katie's Journey
23:15 Breaking into Health Tech: Tips for Clinicians
29:23 The Role of Clinicians in Health Tech Startups
32:19 The Future of Health Tech and AI in Medicine
35:20 Conclusion and Trial Information
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Disclaimer:
The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.
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Ep 263: BMA SPECIAL - medical student finance is broken and this affects ALL of us #fixourfinance
In this episode of the Medics' Money podcast, host Cyra welcomes co-leads Sophie and Henry from the BMA's finance campaign and fourth-year medical student Miki to discuss the financial challenges faced by medical students in England. They delve into how student finance currently works, the significant drop in funding during later years of study, and the impact of these financial shortcomings on students' lives. Personal stories highlight the struggles of balancing intense academic workloads with part-time jobs and the use of food banks, among other hardships. The episode also explores potential solutions, including the continuation of full maintenance loans, increased grants, and better pre-application information. The guests share ongoing efforts to engage with government departments and proposed actions to address these critical issues.
00:00 Welcome to the Medics Money Podcast
00:28 Meet the Finance Campaign Co-Leads
01:16 Understanding the Student Finance System
03:18 The Financial Struggles of Medical Students
05:38 Personal Stories of Financial Hardship
11:00 Campaign Goals and Government Engagement
18:14 Closing Remarks and Future Actions
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Ep 262: Gender-based risk perspectives w/ Melanie Thomas
In this episode of the Medics' Money Podcast, Chartered Accountant and Doctor Cyra takes over for Women's Week in honour of International Women's Day. She engages in a detailed discussion with Melanie Thomas, an accountant specialising in the financial management of doctors. The conversation delves into observed behavioral and career differences between male and female NHS consultants and GPs, particularly in relation to risk-taking, investment behaviors, and work-life balance. They explore the impact of these differences on gender pay gaps and pension disparities. Additionally, the episode provides actionable advice for female doctors to gain financial literacy and confidence in managing their finances. Stay tuned for more insights throughout Women's Week on multiple platforms.
00:00 Introduction to Women's Week
00:28 Meet Melanie Thomas: Accountant for Doctors
01:05 NHS Consultants: Gender Differences in Private Practice
03:16 GPs: Gender Dynamics and Financial Roles
06:11 Investing Behaviors: Risk Appetite and Gender
08:38 Balancing Family and Career: The Hidden Workload
10:10 Empowering Women in Finance
12:10 Conclusion and Upcoming Topics
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.
UK