Medical

average medical school debt

What is the Average Medical School Debt?

What is the Average Medical School Debt? Key takeaways:  The average medical student graduates with $241,600 in total student loan debt. Between 76% and 89% of medical students graduate with debt. Private colleges are generally more expensive than public institutions. It is no secret that medical school is expensive. Most physicians enter the workforce burdened …

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RaDonda Vaught: This is a picture of a gavel.

A Fatal Medical Error: How the RaDonda Vaught Case Affects the Future of Healthcare

A Fatal Medical Error: How the RaDonda Vaught Case Affects the Future of Healthcare To err is human, and Nurse RaDonda Vaught erred. As a result, she has been found guilty of homicide and is now sentenced to three years of supervised probation. A medical error led to the tragic and untimely death of her …

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physician shortage

Is There a Looming Physician Shortage?

Is There a Looming Physician Shortage? Key takeaways:  Demand for physician services is expected to grow due to a growing and aging population. Supply of physicians is expected to decrease because of an aging workforce and insufficient new physicians. There will likely be a physician shortage, but the magnitude of it will vary based on …

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student loans

How Has the Biden Presidency Affected My Student Loans?

Editor’s Note: This article was originally published in October 2020. We updated and revised the content on May 6, 2022 to provide the most current and accurate information. Student debt has doubled over the last ten years, ballooning up to $1.54 trillion, and becoming the second largest consumer debt type, placing it higher than both …

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practice buy-in

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center

5 Things Physicians Need To Know About Buying Into a Medical Practice or Surgery Center Key takeaways:  Becoming a partner is a great way to become a co-owner in an existing, thriving practice. Before signing the agreement, review the buy-in offer, know the practice value, learn the income distribution structure, understand exit plan options, and …

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medical residency costs

How to Cover Expenses During Medical Residency

How to Cover Expenses During Medical Residency Key takeaways:  Credit cards, borrowing from friends and family, moonlighting and personal loans are options to mitigate expenses during residency. All have their benefits and drawbacks. Personal loans from doctor-specific lenders can be a better alternative to expensive credit cards. Transitioning from medical school to residency can be …

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public student loan forgiveness for doctors

Pros and Cons of Public Service Loan Forgiveness for Doctors

Pros and Cons of Public Service Loan Forgiveness for Doctors Key takeaways:  PSLF offers significant financial benefits to those employed full time by non-profit and government entities. Many doctors can get a headstart on fulfilling the required 120 PSLF payments while in residency. Those who pursue PSLF may encounter limited qualified employment options. Some doctors …

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Financial Mistakes ENTs

Three Financial Mistakes ENTs Should Avoid

Three Financial Mistakes ENT Should Avoid Key takeaways:  Spend less than you earn. Pay off high interest debt before prioritizing investments. Don’t focus solely on paying off debt while ignoring other financial goals. Whether in the first year of practice or a tenured physician, otolaryngologists face unique challenges when it comes to their finances. Due …

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Insurance article cover

Four Insurance Tips Every Doctor Should Know

Four Insurance Tips Every Doctor Should Know The past couple of years have left many of us with anxiety, fear and doubt. These trying times have helped many realize the importance of being prepared for unforeseen circumstances. Insurance is one of the most concrete ways to help yourself and your family be ready, no matter …

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ROI Article cover image

Which Medical Specializations Have the Best ROI?

Which Medical Specializations Have the Best Return on Investment? As med students continue through their training, they will need to choose a specialty before applying for residencies. It’s a huge decision for a number of reasons. Not only does your specialty dictate the types of patients you’ll treat in the future, it also has a …

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