The Doctors Company, the nation’s largest physician-owned medical malpractice insurer and part of TDC Group, is offering a new lecture series, “Financial and Workplace Well-Being for Doctors: Lessons for Life After Medical School,” from Ronald H. Wender, MD, FACA, Chairman Emeritus and Professor of Anesthesiology at Cedars-Sinai Medical Center and member of The Doctors Company Board of Governors.
The 23-part video series is free of charge and provides renowned experts’ advice about the realities of financial planning, medical malpractice, and hospital economics encountered upon graduating medical school.
The average medical school graduate owes $241,600 in total student loan debt—six times as much as the average college graduate.
“The Doctors Company is proud to partner with Cedars-Sinai Medical Center to offer this lecture series to newly practicing physicians,” said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group. “It is in our mission to serve those who provide care, and we anticipate all physicians will find this series valuable.”
In a study published last September, the “International Journal of Medical Education” found that medical residents and fellows have high debt and low levels of financial literacy. A California Medical Association survey in 2021 found that 64 percent of physicians expressed a need for financial assistance, and 95 percent of physician practices reported concern about their financial well-being.
“When you leave medical school, you need to be prepared for managing debt, finances, and patients who may sue you; we want medical providers to be ready for these harsh realities,” said Dr. Wender. “In my forty-six years of practice, I saw many healthcare providers overwhelmed with life challenges. I hope this will be a useful resource for new physicians in their future endeavors.”
Find all these insights at thedoctors.com/aftermedschool.