Medics Money podcast

• Ep 279: Family Finance Essentials: Understanding Parental Leave for Medics

  Navigating Maternity, Paternity, and Shared Parental Leave for Medics In this episode of the Medics' Money podcast, Cyra and Matthew delve into the complexities of family financial planning specific to healthcare professionals. They discuss various types of leave available for working parents in the medical field, including maternity, paternity, and shared parental leave. Cyra, a doctor and chartered accountant, offers an in-depth explanation of entitlements, occupational versus statutory leave, and the nuances of shared parental leave. The episode is a guide for medics to understand their rights and plan financially for family life. Topics include risk assessments, rights to pay rises, and annual leave accrual during parental leave. 00:00 Introduction to Financial Family Planning 00:24 Meet Cyra: Doctor and Chartered Accountant 01:55 Understanding Occupational Rights During Pregnancy 06:45 Navigating Maternity Leave 14:41 Statutory Maternity Leave and Pay 17:25 Understanding Maternity Allowance 18:00 Maternity Allowance for Self-Employed Individuals 19:42 Maximising Your Maternity Allowance 20:43 Maternity Pay for Salaried GPs 21:40 Recap of Maternity Pay Tiers 23:15 Introduction to Paternity Leave 24:25 Eligibility and Details of Paternity Leave 26:31 Adoption Leave Explained 28:10 Shared Parental Leave: An Overview 30:59 Maximising Shared Parental Leave Benefits 3 6:38 Conclusion and Next Steps

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• Ep 278: Reimagining Patient Consultations with AI: The Heidi Experience

  In this episode of the Medics' Money podcast, Dr. Tommy Perkins talks with Dr. Hannah Allen, the Chief Medical Officer for Heidi, about her journey from clinical practice to health tech. Dr. Allen shares her experiences with using AI in healthcare, particularly the Heidi platform, which assists doctors by automating consultation notes and referral letters, thus saving time and improving efficiency. She discusses the benefits and challenges of integrating AI in medical practice, including accuracy and data privacy concerns. The conversation also explores the future of AI in healthcare and offers practical advice for clinicians looking to transition into health tech roles. Listeners are encouraged to try Heidi for free and provide feedback to improve the platform.   00:00 Introduction to Dr. Hannah Allen's Journey 01:26 Welcome to the Medics Money Podcast 01:48 From Doctor to Chief Medical Officer 02:09 Early Career and Initial Challenges 03:44 Venturing into Health Tech 05:19 Founding Tinto: A Digital Health Startup 08:12 Joining Heidi and Initial Impressions 10:13 The Impact of AI Scribes in Healthcare 11:43 How Heidi Enhances Medical Practice 17:43 Addressing Common Concerns About AI in Healthcare 27:38 Future of AI in Healthcare 34:03 Advice for Aspiring Health Tech Professionals 39:16 Conclusion and Final Thoughts

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• Ep 277: Streamlining Healthcare: Lexacom's Impact on Modern Medical Practices

  Book a demonstration here. In this episode of the Medics' Money Podcast, Tommy welcomes Dr. Andrew Whiteley, the founder of Lexacom, a widely-used health tech product. They discuss the origins of Lexacom, the challenges faced during its development, and the innovative features of its new version. Dr. Whiteley demonstrates Lexacom's capabilities, including streamlined email dictation, patient visit documentation via mobile, and AI-driven workflow enhancements. Ideal for GPs and hospital doctors, Lexacom aims to save time on administrative tasks and improve patient care. Watch the live demo to see Lexacom in action and learn how to integrate it into your practice. 00:00 Introduction and Guest Welcome 00:43 The Origin Story of Lexacom 03:55 Challenges and Growth of Lexacom 09:36 Innovations and New Features of Lexacom 11:58 Live Demonstration of Lexacom's Capabilities 27:07 Data Security and Privacy Measures 30:08 Conclusion and Final Thoughts   DISCLAIMER: This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.

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• Ep 276: Living above a takeaway to $15million founder

  In this episode of the Medics' Money podcast, Dr. Shun Pang, co-founder of Anima Health, shares his inspirational journey from a 7-year-old immigrant from China to founding Europe's fastest-growing health tech company. He discusses his experiences in medicine, the challenges he faced, and what prompted him to transition into the tech industry. Dr. Pang elaborates on the potential impact of AI in healthcare over the next 10-15 years and highlights the importance of resilience, first-principles thinking, and a growth mindset for success. This conversation also provides valuable insights for doctors interested in transitioning to health tech. 00:00 Introduction: The Journey Begins 00:07 Founding Anima: The Seed of Conviction 00:30 Anima's Rapid Growth and Recognition 01:17 Shun Pang's Early Life and Challenges 01:54 Educational Path: From Grammar School to Cambridge 06:45 The Struggles and Failures Along the Way 09:57 The Birth of Anima: A Turning Point 15:03 Overcoming Obstacles: The Road to Success 25:36 Reflections on Resilience and Being an Underdog 28:02 The Role of Childhood Trauma in High Performance 29:07 Frameworks for Tackling Massive Challenges 29:34 First Principles Decomposition Explained 33:45 The Future of AI in Healthcare 45:51 Transitioning from Medicine to Health Tech 56:57 Advice for Aspiring Health Tech Innovators

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• Ep 275: How FU Money = Financial Independence??

  NOTE this was recorded before the change in terminology to 'Resident Doctor' from 'Junior Doctor'.   Achieve Financial Independence with FU Money: A Doctor's Journey In this video, we explore the concept of financial independence (FI) and how FU money can serve as a stepping stone toward achieving it. The speaker, once heavily indebted as a resident doctor, shares his personal journey from debt to financial stability. He explains the concept of FU money, which is enough savings or resources to allow for short-term freedom from a main job. Using examples from his own life, including a three-month surfing trip to Hawaii and the founding of 'Medics Money,' the speaker demonstrates how strategic financial planning and disciplined saving can make even seemingly unachievable goals attainable. The video highlights key financial skills such as optimizing tax, controlling spending, and setting mini-goals, ultimately providing viewers with practical steps to start their own journey toward financial independence. 00:00 Introduction to Financial Independence 01:14 Understanding Financial Independence 02:22 The Concept of FU Money 04:55 Personal Journey to FU Money 07:38 Building Medics Money 09:13 Lessons Learned and Final Thoughts 10:57 Bonus Content: NHS Pension

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