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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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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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.

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

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

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Journey from ONG Trainee to Influential GP Partner: Tips & Insights with Dr. Durrat In this episode, we hear from Dr. Durrat, a GP partner who shares her transformative journey from an ONG trainee to a GP partner. Durrat offers invaluable insights into improving recall systems, leveraging cloud accounting, and utilising automations and technologies to enhance GP practices. She discusses the significant impact of the Medics Money GP partnership course on her career and practice management. She also highlights the pros and cons of being a GP partner, the benefits of a supportive GP community, and provides practical tips for aspiring partners.

00:00 Introduction to Today's Podcast

02:20 Meet Dr. Durrat Bharmal

02:53 Journey to Becoming a GP Partner

04:41 Learning the Business Side of GP

08:05 Implementing Changes in Practice

11:05 Pros and Cons of Being a GP Partner

14:13 Future Plans and Final Thoughts

Family Finances Guide: www.medicsmoney.co.uk/familyfinances

Part 2 of Financial Family Planning In this episode, Matt and Cyra, a chartered accountant and doctor, delve deeper into financial planning for medical families. They discuss the impacts of maternity and paternity leave on NHS pensions and financial obligations such as student loans. Saira highlights the various maternity leave policies, their effect on pensions, and alternatives like shared parental leave. They also address ongoing student loan repayments during parental leave, potential discounts on professional subscriptions, and strategies to manage childcare costs while working in the NHS. Key topics include child benefits, tax-free childcare, and the nuances of working less than full-time as a medical professional.

00:00 Introduction and Welcome

00:23 Recap of Part One

02:14 NHS Pension During Leave

05:16 Impact of Student Loans

08:01 Subscription Discounts During Leave

12:21 Child Benefits and Tax-Free Childcare

20:37 Locum Work and Parental Leave

22:08 Working Less Than Full Time

28:02 Conclusion and Guide Reminder

In this episode of the Medics' Money podcast, hosts Ed and Matthew provide a comprehensive guide on essential tax planning strategies to consider before the end of the 2024-2025 tax year on April 5, 2025. They cover six crucial topics, including claiming tax rebates for professional expenses from prior tax years, maximizing ISA allowances, understanding and mitigating marginal tax rate traps, exploring asset transfers to lower-taxed spouses, and staying aware of potential pension annual allowance issues. The episode aims to help healthcare professionals avoid missing out on valuable tax-saving opportunities and offers actionable tips to optimize financial planning.

00:00 Introduction and Overview

00:58 Meet Ed: Your Tax Guide

02:12 Claim Your Tax Rebates

06:00 Maximizing Your ISA Allowance

11:54 Understanding Marginal Tax Rates

14:57 Transferring Assets to Lower Tax Spouses

17:27 Pension Contributions and Annual Allowance

19:21 Final Thoughts and Recap

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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.

Navigating Entrepreneurship as a Doctor: Insights from Elle Todd

In this episode, originally aired on 'What Medical School Doesn't Teach Us,' Cyra interviews Elle Todd, a part-time A&E doctor and full-time entrepreneur, about her journey in starting her own business. Elle shares valuable advice for doctors considering a shift to entrepreneurship, emphasizing the importance of passion, resilience, and comprehensive market research. She outlines key steps in the process, including developing a business plan, incorporating a company, and practical tips on website development and legal requirements. Elle also highlights the significance of balancing a job while initiating a business to manage financial risks and sustain motivation. The episode is packed with actionable insights, making it a must-listen for aspiring entrepreneur-doctors.

00:00 Introduction: Transitioning from Medicine to Business

00:59 Meet the Hosts and Guest 01:36 Elle's Journey to Entrepreneurship

03:18 Finding the Right Business Idea

05:53 Essential Elements for Starting a Business

08:27 Market Research and Initial Steps

10:46 Financial Considerations and Business Models

22:22 Legal Requirements and Incorporation

26:25 Setting Up a Business Bank Account

27:25 Creating a Comprehensive Business Plan

28:57 Managing Multiple Businesses and Accounts

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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.

29:27 Handling Accounting and Outsourcing

31:36 Legal Documents and Policies

34:15 Building and Managing Your Website

42:03 Lessons from a Failed Business Idea

47:22 Balancing a Job and a Side Hustle

48:49 Final Thoughts and Social Media Plugs

Navigating Financial Family Planning for Doctors

In this episode of the Medics' Money Podcast, the hosts delve deep into the complexities of financial family planning specifically tailored for doctors. Matthew is joined by Cyra, a doctor and chartered accountant, they explore various leave entitlements and financial planning considerations during family planning stages. The discussion includes comprehensive details about occupational maternity leave, statutory maternity pay, maternity allowance, paternity leave, and shared parental leave. Cyra offers insights into practical steps and various scenarios to maximize financial benefits, aiming to make this overwhelming subject more manageable. The episode is accompanied by a downloadable PDF guide to assist listeners further.

00:00 Introduction to Financial Family Planning

02:17 Understanding Occupational Rights During Pregnancy

07:10 Navigating Maternity Leave

15:07 Statutory Maternity Pay and Leave

23:26 Paternity and New Parent Support Leave

26:34 Adoption Leave Explained

28:14 Shared Parental Leave: A Comprehensive Guide

36:47 Conclusion and Next Steps

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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.

Medics Money MDT: Hot Takes on Financial Stories and Tax Debates In this special episode of the Medics Money podcast, the hosts introduce a new format where the Medics Money private group chat goes public.

Featuring Dr. Cyra Asher, Andy Pow, and COO Matthew Hodder, the team dives into controversial financial topics and current events. They explore why a £100,000 salary isn't sufficient anymore, debate the potential abolition of cash ISAs, and discuss the implications of higher Vanguard fees.

The episode also touches on the ongoing challenges in the UK stock market and the possible review of Lifetime ISAs, while providing a mix of expert insights and light-hearted banter.

00:00 Introducing the MDT: A New Podcast Style

01:09 Meet the MedicsMoney MDT Team

02:53 The Financial Struggles of a £100k Salary

03:32 Breaking Down the Numbers: Why £100k Isn't Enough

10:11 The Impact of Fiscal Drag and Inflation

17:47 Potential Abolition of Cash ISAs

28:17 AstraZeneca and UK Government Grants

28:31 Investment Portfolios and UK Market Challenges

30:31 Incentivizing Investment in British Companies

31:26 UK Stock Market Performance and Pension Fund Management

37:00 Vanguard Fee Increases and Investment Platforms

45:44 Lifetime ISA Review and Future Prospects

50:01 Final Thoughts and Wrap-Up

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Disclaimer:

The information provided in this video 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.