Medics Money podcast

• Ep 296: AI Scribes in healthcare and why THIS change will save you hours.

  In this episode of the Medics' Money Podcast, hosts Dr. Tommy Perkins talks with Dr. Dom Pimento from Tortus AI about the revolutionary impact of AI in the healthcare system. They discuss Tortus' AI Scribe, its benefits in reducing cognitive load for clinicians, and its seamless integration with X-On's digital telephony. The episode covers the challenges of AI hallucinations, the importance of medical device regulation for AI, and the exciting potential of AI to transform healthcare practices. Real-world implementations and the future of AI in healthcare are also explored, with insights on starting AI-focused startups in the medical field. 00:00 Introduction to Medics Money Podcast 00:58 Mindset Shift and Overcoming Fear 01:13 Future of AI in Healthcare 01:23 Welcoming Dr. Dom Pimento 02:23 Tortus AI Scribe: Basics and Integration 03:48 Real-World Impact of Tortus AI 12:00 Challenges and Rewards of Building a Startup 15:32 Encouraging Clinicians to Innovate 20:59 Implementing AI Scribe in Practice 24:13 Understanding ROI in Healthcare Technology 24:36 The Impact of AI on Healthcare Productivity 25:58 Adoption and Benefits of AI in Healthcare 27:49 Challenges and Solutions in AI Implementation 29:18 The Future of AI in Healthcare 32:02 AI's Role in Healthcare Consultations 33:51 Predictions for AI and Healthcare 37:10 Exciting Developments and Future Prospects 38:50 Addressing Challenges in AI-Driven Healthcare 45:49 Final Thoughts and Resources

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• Ep 295: If you do ££NOTHING, you'll never retire.

  In this episode, Dr. Sandip Patel, an emergency medicine consultant, shares his financial journey and lessons learned over his career. Dr. Patel discusses the importance of early financial planning, the benefits of having a pension, and the impact of good financial advice. He emphasizes the need for doctors to educate themselves about money management to ensure financial security and independence. Dr. Patel also touches upon the significance of collective bargaining in healthcare and his role as a BMA rep. Additionally, he shares personal anecdotes, including his recovery from a stroke and his passion for collecting Lego sets. This insightful conversation provides valuable financial tips and inspiration for healthcare professionals navigating their financial futures. 00:00 Introduction and Guest Welcome 00:33 Guest Background and Career Journey 02:05 Financial Beginnings and Early Decisions 03:50 Importance of Financial Advice and Pension Decisions 06:14 Challenges and Changes in the Medical Profession 14:44 The Role of the BMA and Advocacy 18:04 Personal Financial Planning and Future Goals 21:21 Lego Enthusiasm and Hobbies 25:49 Final Thoughts and Advice

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• Ep 294: Why Doctors and Dentists are Losing Millions on Expensive Investments

  This video explains how doctors and dentists are unnecessarily losing money by investing in expensive, actively managed funds instead of cheaper passive investments. It highlights the lack of financial education among medical professionals and how it makes them susceptible to high fees and poor returns. By comparing the performance and fees of branded versus generic investment options, the video demonstrates the significant financial impact of these choices and emphasizes the importance of financial literacy. The video also provides resources and tools to help doctors and dentists make better investment decisions. 00:00 Introduction: Doctors and Investment Mistakes 00:27 The Cost of Expensive Investments 01:48 Performance Comparison: Branded vs. Generic Investments 02:35 Understanding Passive vs. Active Investments 03:56 The Impact of Fees on Investment Returns 04:06 Medics Money Financial Dashboard Overview 05:16 Long-term Investment Projections 08:06 The Importance of Financial Education for Doctors 08:38 Conclusion and Call to Action Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter 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.

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• Ep 293: What happens to my NHS Pension if I take a career break...?

  In this episode of Medics' Money, host Cyra talks with Kai, a urology registrar who recently took a year-long career break to travel the world with his wife and dog. The discussion covers the logistics and experiences of taking a career break, including the financial aspects, such as renting out their home and maintaining car ownership, and insights into the NHS pension system. Kai shares his profound personal learnings about managing work-life balance, especially the difficulty in fully detaching from his professional responsibilities. The episode also touches on the practicalities of using a motorhome for travel, encountering different dog-friendly countries, and the planning necessities for someone in a high-stakes profession. Kai reflects on how the year off has impacted him both personally and professionally, and offers advice for others considering a similar break. 00:00 Introduction and Guest Welcome 00:22 Kai's Career Break Journey 02:30 Challenges and Learnings from the Break 05:18 Returning to Work and Practicalities 11:20 Travel Tips and Reflections 19:26 Support Systems and Final Thoughts

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• Ep 292: Urologist with side hustle(s) Property investing + Stocks investing + Asthetics

  In this podcast episode, a urologist and multi-faceted investor, Randeep Dhariwal, joins as a guest to discuss his ventures in property investment, stocks and shares, and his new aesthetics business. The conversation dives deep into comparing property investing versus stock investing, balancing these pursuits with a medical career, and the importance of financial education for doctors. Randeep shares insights into how he chose his specialty in urology, the significance of fellowships, and offers advice on starting and managing investments. His upcoming aesthetics business and the importance of networking and continuous learning are also highlighted. This episode is valuable for medical professionals interested in expanding their financial knowledge and exploring diversified income streams. 00:00 Introduction and Guest Overview 01:39 Career Journey and Specialisation 03:01 Choosing Urology and Fellowship Insights 06:47 Personal Finance Beginnings 08:12 Property Investment Strategies 10:13 Stocks vs. Property: Pros and Cons 14:05 Financial Education for Doctors 16:30 New Business Ventures in Aesthetics 23:44 Final Thoughts and Future Plans

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