01/04/2025 Edition

HEADLINES

• The Latest Medicare Payment Cuts: At the end of 2024, Congress abandoned the most recent plans to ease 2025 Medicare payment cuts for physicians. This year, physicians are faced with a 2.83% cut to the physician fee schedule's conversion factor. The American Medical Association (AMA) calculates that "Medicare payment rates have fallen by 33% over the past two decades when adjusted for the costs of running a practice."
• Violence in the Workplace: Physicians faced many challenges over the past year, not least of which was an increase in violence within healthcare settings. In a 2024 poll by the American College of Emergency Physicians (ACEP), over 90% of emergency physicians said that either they or a colleague were subjected to violence in the workplace within the last year. Consumer dissatisfaction with the U.S. healthcare system and the general political climate are being blamed for these violent trends.
• Millennial Physician Pay: Medscape recently released the results from an annual compensation survey of 7,000 U.S. physicians. The survey and subsequent report focused on trends in millennial physician pay and found that compensation was up 4% for that age group from 2022 to 2023. Primary care physicians saw the largest increases, but their compensation still lags behind many specialists. A 24% gender pay gap was also calculated from the survey results.

ARTICLES & EPISODES

9 Step Physician Financial Checklist for the New Year

The Prudent Plastic Surgeon

The start of a new year marks a great time to revisit your financial goals, adjust some existing ones, or add something new to your list. Periodically reviewing goals of any kind will help you evaluate which tactics are or are not working and hopefully allow you to reach those goals sooner. Here is a checklist of 9 items to consider for your financial to-do list in 2025.

Making New Year's Resolutions that Work

Financial Success M.D.

It's all too common to make New Year's resolutions only to get halfway through the year and realize you've made no real progress. Keeping on track to reach your goals requires meaningful action, not just hoping for things to change or get better. Taking actions like creating a concrete goal or joining a group with individuals who share your goals can make a huge difference in your success.

Trump's Impact on Student Loans with Travis Hornsby

Money Meets Medicine

Host, Dr. Jimmy Turner, is joined by student loan expert, Travis Hornsby, to discuss the current state of student loans and how the incoming Trump administration could affect the repayment landscape. As student loan repayment becomes more complex, it's important to understand some of the nuances and be aware of all your available repayment plans.

THE RESOLVE BLOG

Why You Should Have a Side Gig

Evan Winter

What if medicine isn’t the only thing you’re passionate about? Being the high-achievers they are, physicians and other professionals usually have interests and hobbies outside of their career field. Often, the desire to learn, grow, and diversify life skills doesn’t end with medical school or training, and you may consider turning one of your hobbies into something more. Here are a few reasons why you should pursue a side gig.

CONTRACTS

Pro Tip: Having multiple job offers provides some of the best leverage in contract negotiations. Being able to walk away, or having a better offer elsewhere, can pressure an employer to at least match or even exceed that alternative offer. When searching for a new job, try your best to have multiple options. You will get a better idea of what is available to you and gain negotiating power.

JOB SEARCH

Upcoming Career Fairs:

• On Thursday, January 23rd, PracticeMatch will host a Family Medicine Virtual Career Fair?from 4:00 PM to 6:00 PM CST.
• On Tuesday, January 28th, PracticeMatch will host a Nationwide Virtual Career Fair from 4:00 PM to 7:00 PM CST.

Featured Job Listings:

Family Medicine Physician

Sterling, CO

Salud Family Health is seeking a board certified family medicine physician to work at their Community Health Clinic in Sterling. The listed salary range for this position is $250,000 to $284,800, and J-1 Visa physicians are supported.

Otolaryngologist

Owensboro, KY

Owensboro Health Medical Group is seeking a BC/BE otolaryngologist to join their general ENT practice in northwestern Kentucky. The listed salary range for this position is $550,000 to $600,000.

Job listings provided by PracticeMatch