Engaging in an economic conversation about the conventional compensation of a physician leads one to believe that doctors are well to do. In the minds of most citizens, school-tuition board members, and even local neighbors, if you’re a physician the presumption is that you are economically prosperous, maybe even rich. This sociological assumption probably sounds false to most whom honorably don the white coat. Perhaps a decade or two ago, when medical school tuition was less and compensation was relatively higher, this adage would be true. But in 2018, when medical school debt can easily set one back $350,000 (before interest rates), this is false.
Attend any biotech or health informatics conference and one thing becomes clear: the scarcity of physicians. Entrepreneurs, businessmen, angel investors, and software engineers swarm these conferences - and their encompassing companies- all the while the imperative persona in this realm remains tied up behind a dysfunctional EHR or in an overbooked operating room. Why?
This blog is merely the thoughts and observations of Ayden Jacob on varying medical topics.