May 11, 2020

The Price of a Pandemic: The Good Doctors

As ER physicians & medical residents risk their lives, are they compensated fairly? How much are doctors worth during a crisis? We talk with Dr. Nitin Vaswani- John Hopkins alumni, trained clinician and healthcare investor on the future of digital health.

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Last week, we heard about the incredible pressure on hospitals during this pandemic and how it’s affected nurses specifically. Today, we turn our attention to ER doctors at all stages in their careers... from the residents to attending physicians. And just like other healthcare professionals, they too are putting their lives at risk.

The cost of education to be an MD is high, resident salaries are low, and starting one’s own independent practice is harder than ever. With that said, there are many young MD's (residents)  who are working on the frontlines right now. The question is - are they being fairly compensated?

Episode 9: The Good Doctors - In today’s episode, I talk with Dr. Nitin Vaswani, a trained clinician, Hopkins alumni & healthcare investor. Currently, he’s spending his time pushing digital health initiatives, as well as helping hospitals transition into tele-health. We learn:

  • The current pay gap between doctors in the ERs and the one's senior to them.
  • How the hospital system works, and why it’s so hard to start one’s own practice.
  • Why hazard pay and loan forgiveness is important for healthcare workers right now.
  • The importance of digital health, and how COVID-19 is pushing that movement forward
  • How doctors can be compensated through tele-health.

Today’s episode also includes personal stories from two physicians on the frontlines. We thank them for not only sharing their stories, but also for giving us hope. A huge thank you to all the healthcare professionals out there! Stay safe!

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