Dr. Disha Spath welcomes back Dr. Tarang Patel to discuss significant updates in healthcare and finance. They delve into Walmart's decision to shut down its healthcare centers, the FTC's move to ban non-compete agreements, and the growing trend of multifamily syndicators targeting physicians. The conversation also touches on the national radiologist shortage, the challenges of corporate healthcare, and the future of telehealth and AI investments.

Dr. Tarang Patel is a renowned expert in physician finance, blending his extensive medical knowledge with sharp financial acumen. As a practicing radiologist, Dr. Patel understands the unique financial challenges physicians face and offers invaluable insights through his blog and podcast. He is a trusted advisor, helping his peers navigate the complexities of investment and financial management. Dr. Patel is known for his approachable style and commitment to educating physicians on achieving financial independence. His expertise and dedication make him a sought-after voice in the physician finance community.

1. Walmart's Healthcare Shutdown [00:01:00]

   • Discussion on Walmart's decision to close healthcare centers and its implications.

2. National Radiologist Shortage [00:02:00]

   • Dr. Patel discusses the impact of the radiologist shortage on healthcare delivery.

3. Challenges of Running Healthcare Businesses [00:03:00]

   • Exploring the complexities of healthcare operations compared to other industries.

4. FTC's Ban on Non-Compete Agreements [00:15:00]

   • Analysis of the FTC's new rule and its potential impact on physicians.

5. Personal Experiences with Non-Competes [00:17:00]

   • Dr. Spath and Dr. Patel share their personal stories and read comments from other physicians.

6. Multifamily Syndicators Targeting Physicians [00:24:00]

   • Discussion on why physicians are prime targets for syndicators and the importance of due diligence.

7. Investment Trends: Telehealth and AI [00:36:00]

   • Insights into the future of telehealth startups and the current hype around AI investments.

8. Cash or Crash Segment [00:35:00]

   • Dr. Patel evaluates various financial trends and gives his investment advice.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

Kyle, the CEO of Resolve and an ace at helping doctors dodge dreadful deals, joins Dr. Disha Spath to dissect the daunting world of employment contracts. Ever wondered if your contract is a ticking time bomb? Kyle’s here to cut through the jargon and unveil how those sneaky clauses might be nibbling away at your paycheck.

From revealing the common “gotchas” in contracts to negotiating ninja moves that can boost your bargaining power, we’re digging deep. Kyle even dishes on the juicy details of the recent FTC rumblings about non-competes and what that means for your career mobility. Whether you’re in the market for your first gig or looking to leap into a better contract, you won’t want to miss these insider insights. Let’s tear up the terrible contracts and write our own rules!

More on Kyle Claussen:

Kyle Claussen is the CEO of Resolve, a company dedicated to helping physicians navigate and negotiate employment contracts. With over a decade of experience, Kyle and his team provide essential services to ensure that physicians understand their contracts, secure fair terms, and protect themselves from potential pitfalls. Kyle is also a family man, married to an ophthalmologist, and a father to three children.

Find and follow the Resolve Team:

https://twitter.com/ResolveAgents

https://www.facebook.com/resolvephysicianagency/

https://www.linkedin.com/company/resolve-physician-agency/

https://www.instagram.com/resolveteam/

• Understanding Contracts: Many physicians do not read their contracts thoroughly, which can lead to unfavorable terms.

• Negotiation Is Key: Negotiating contract terms can significantly impact a physician's career trajectory and financial health.

• Non-Compete Clauses: Recent FTC rulings may change the landscape of non-compete clauses, offering physicians more flexibility.

• Malpractice Insurance: Understanding the difference between claims-made and occurrence-based policies is crucial for proper coverage.

• Empowerment Through Knowledge: Physicians should empower themselves with knowledge and negotiate contracts that reflect their true value.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

In this spirited episode of "Finding Financial Freedom with The Frugal Physician," Dr. Disha reconnects with her former ER supervising resident and multifaceted maverick, Dr. Jedidiah Ballard.

Fresh off his adventures ranging from grueling Ranger school to romantic escapades on ABC's The Bachelorette, Dr. Jed shares the scoop on balancing the highs and lows of his medical career with his unexpected fame. With tales of stolen food in childhood to sprinting for love on national television, Dr. Jed offers an unfiltered look at how he navigates life's wild swings with humor, humility, and a healthy dose of fitness. Tune in to discover how one doctor manages to stitch up his varied passions into a cohesive, fulfilling life.

Dr. Jedidiah Ballard is an emergency medicine physician known for his unique blend of medical expertise and media presence. An Army Ranger veteran and a former contestant on ABC's The Bachelorette, Dr. Ballard advocates for a balanced life, emphasizing the importance of fitness and wellness alongside a demanding medical career. He is a regular on morning news segments, sharing health tips with the public, and is currently working on a book about practical fitness.

• From Montana to the Military [00:01:50-00:03:30]

• Dr. Jed shares his rugged beginnings in rural Montana, leading to his decision to join the Army Rangers.

• Medical School to Army Ranger [00:04:00-00:06:00]

• Insight into how Dr. Jed balanced rigorous medical training with the intense demands of Ranger School.

• Reality TV Stardom [00:07:15-00:08:45]

• Dr. Jed discusses his leap from the emergency room to the glitzy world of reality television on ABC's The Bachelorette.

• Fitness Philosophy [00:10:30-00:12:00]

• A dive into Dr. Jed’s approach to maintaining peak physical fitness amidst a demanding career.

• Balancing Media and Medicine [00:14:20-00:15:50]

• How Dr. Jed manages his roles as both a media personality and a dedicated emergency medicine doctor.

• Financial Wisdom and Frugality [00:17:40-00:19:10]

• Dr. Jed relates lessons from his various life experiences to financial habits and maintaining economic discipline.

• Upcoming Book Teaser [00:20:45-00:22:00]

• A sneak peek into Dr. Jed’s forthcoming book, focusing on practical fitness and wellness strategies.

• Advice for Young Doctors [00:23:30-00:25:00]

• Dr. Jed offers advice to up-and-coming doctors on how to navigate the complexities of a medical career with personal life and aspirations.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

-----------

Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.