Jon from Contract Diagnostics discusses the FDA's evolving role in regulating AI in healthcare. As AI-powered medical devices become more prevalent, the FDA must adapt its processes to ensure safety and efficacy. Jon highlights the potential impact of AI on physician workflows and suggests that employers will need to update policies accordingly. He emphasizes the importance of staying informed about AI advancements and encourages annual policy reviews.  Jon is optimistic about AI's potential to enhance productivity in healthcare and invites further discussion on the topic. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

Coffee & Contracts - FDA and AI

As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That’s where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You’ll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other “investment” pitches that are not in their best interest. You didn’t receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it’s ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.

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Zoe Cangas is the founder of Moving Medicine Partners, which is a network of realtors who specialize in physician properties and who are also married to physicians. They understand the special needs that physicians face because they are part of physician families themselves. Zoe talks to us about finding the right realtor, how legislation may affect buying/selling in the future, and the advantages of having rental properties to offset high physician incomes.  You can learn more about Zoe or find a realtor who works with physicians at  www.MovingMedicinePartners.com.

Grand Rounds - Everything real estate with Zoe Cangas of Moving Medicine Partners

In this heartfelt episode of "The Life Well Lived, the Physicians Guide to Wealth" podcast, host James Nutter invites Todd Spencer, a devoted husband to surgeon Amy Spencer, to share his deeply personal experiences and learnings from life as part of a medical family. Todd's engaging storytelling provides an intimate glimpse into the life of a physician's spouse, highlighting the joys, challenges, and profound lessons learned along the way. Todd Spencer delves into the importance of being intentional with time, the practice of grace within the relationship, and the nuances of navigating schedules and responsibilities with a partner who is deeply immersed in the medical field. His candid discussions about adapting to the role of a stay-at-home dad, the critical nature of self-care for the well-being of the entire family, and managing finances in a high-demand household are punctuated with wisdom and transparency. For any individual or family connected to the medical profession, this episode offers a treasure trove of relatable anecdotes and actionable advice, all while underscoring the value of cohesive partnership throughout the journey                 Timestamp   Summary     0:02:44   Todd and Amy's medical journey together     0:06:11   Challenges of being in a relationship with a physician     0:09:03   Balancing work and family life during residency     0:10:20   The challenges of breastfeeding and being a female surgeon     0:12:20   Importance of being intentional and thoughtful in a medical family     0:13:53   Being selfless and putting oneself in the other person's shoes     0:19:24   Todd's experience as a stay-at-home dad for six and a half years     0:24:01   Mental games and managing expectations as a stay-at-home dad     0:27:37   Importance of sleep, food, and self-care for executing the mission     0:29:21   Recognizing and diagnosing stress and burnout     0:37:26   Managing time and resources as a busy family     0:39:04   Managing conflicts in time and money resources     0:43:35   Setting aside dedicated time for financial discussions     0:51:36   Advice for young Todd and Amy: Recognize and manage stress and burnout      Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

A Physician’s Guide to Wealth - The Challenges and Lessons of Being a Stay-at-Home Dad in a Medical Family

Discover your economic worth as a physician in this episode of "The Life Well Lived: A Physician's Guide to Wealth" podcast. Host James Nutter breaks down the concept of your hourly rate as a physician and challenges you to consider the opportunity cost of spending time on tasks you're not a professional in. Learn how prioritizing rest, recovery, and leveraging your strengths can increase your worth and bring more joy to your life. Don't miss this insightful episode that will help you take control of your time and live a more meaningful life.               Timestamp   Summary     0:01:06   Calculating the ROI on medical school investment     0:02:21   Determining your hourly rate as a physician     0:03:47   Importance of understanding and negotiating contractual duties     0:05:01   Shifting mindset to prioritize rest and recovery     0:06:29   Opportunity cost of DIY financial planning     0:08:16   Recommended time commitment for managing finances     0:10:44   Importance of surrounding yourself with a capable team     0:11:13   Increasing hourly rate by focusing on professional skills     0:12:14   Prioritizing rest, family time, and pursuing joy.     0:12:41   The opportunity cost of spending time on non-professional areas.     0:13:13   Reflection on strengths, weaknesses, and finding help.     0:14:17   How to spend time wisely and do what brings joy.      Trying to qualify for PSLF and unsure if you’re on track? Get James’s 100% Public Service Loan Forgiveness Checklist and Masterdashboard. Go to https://info.imwealth.com/pslf to learn more.  Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

A Physician’s Guide to Wealth - The Economic Worth of a Physician: Maximizing Your Hourly Rate

Jon from Contract Diagnostics emphasizes the effectiveness of group negotiations among physicians and announces the launch of the Group Negotiation Division. He shares a success story of a group of surgeons renegotiating their compensation and highlights the complexities involved in the process. Jon encourages physicians to seek assistance in navigating group negotiations to ensure fair market value for their services. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

Coffee & Contracts - Group negotiations successes!

   Jon from Contract Diagnostics provides an update on non-compete agreements following a recent FTC vote. While the vote leaned towards a national ban on non-competes, challenges and lawsuits are expected. Jon advises physicians to stay informed and review their contracts. He suggests utilizing this time to renegotiate contracts and discuss compensation with employers. Contract Diagnostics is available to assist physicians in navigating these changes. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com   

Coffee & Contracts - FDA and AI

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