Catering To Your Innocence…
Why is it that the most prestigious career of medical practice is now dying out day by day? Oh, you don’t think such a thing is happening, or even possible? Perhaps, you haven’t been paying attention to the increasing numbers of physicians quitting medical practice under the age of 50, retiring 20 years earlier than usual, and changing careers right when their career dreams and goals are almost in view.
The ramifications of this disturbing trend go well beyond popular thinking. Maybe, you just don’t give a damn, which seems unlikely. A deeper look into the disintegration of the medical profession reveals some more arcane contributing factors that must be understood by those who could change it-and don’t.
Why not?
1. What prospective doctors are never told-the truth: If each college student starting out in the premedical career path knew, or were told, the truth about what they have to look forward to in their medical education, and in medical practice, they would certainly have second thoughts about their choice.
The knowledge about the critical issues facing physicians and other health care professionals today is not made evident to college students already in the pre-med curriculum.
The intentional skillful neglect of this has been going on for decades and continues even today. Several of those future challenges include enlightenment about medical malpractice risks, the enormous debt waiting for them the day they graduate with the M.D. degree, the governmental control of medical practice on the rise along with the consequences of that, which all doctors must take seriously, and the complete lack of business education along the way.
It’s doubtful that there are over 5% of medical career path students who have any true understanding of the implications of these factors. Each year a new herd of doctors are ushered out into the real world of medical practice only to discover they are faced with almost insurmountable odds of ever reaching their goals and expected lifestyle. Do you think that might lead to physicians quitting practice?
2. The enigma of medical practice failure: There is no mystery about why medical practices fail in such large numbers when one knows that any business will fail when the owner is ignorant of (never taught anything about) sound business principles. Who’s in this category? About 95% of every medical doctor who completes medical school today. As Michael Gerber, Peter Drucker, Maxwell Maltz, Dan Kennedy, among other experts in business success have been writing about for 50 years, most physicians are incapacitated by the brain-washing dogma promoted by the medical educational hierarchy-“You don’t need to know how to run the business of medical practice to be successful.”
Is it any wonder that the medical practice businesses of physicians become financially destitute so often and so fast? It is a predictable and certain result of the neglect of both medical school training and each doctor’s responsibility to educate themselves in business strategies-that is, if they consider medical practice a “business.”
What would you do if you discovered that you weren’t earning enough money to keep your practice open? Absolutely, you’d probably quit practice, move to another location, become a salaried physician (cheat yourself out of your goals), marry a rich spouse, or, God forbid, actually go and get a business
education-finally.
You may be smart, have an IQ of 140, have the arrogant confidence you can do anything to reach your career goals, but don’t count on that for success in medical practice. Get business smarts first, and
then brag.
3. Medical malpractice suits cause profound changes in your mental approach to your career: There isn’t a single medical doctor who comes out of a malpractice litigation process without scars. Since the great majority of states have failed to enact cap laws for pain and suffering, a result of trial lawyer dominance of the legislatures, physicians will have to continue to leave home for the office in the morning knowing that any patient they see that day could destroy their practice, goals, lifestyle, marriage, and the important things.
Living day to day seeing and treating patients with all that being held over your head, thinking that during that day that you may have, unknowingly, made a treatment mistake that may come back to haunt you in the near future……..is insanity!
Can you live under such a stressful force day by day? High risk specialties are particularly vulnerable to that kind of stress. Just the mitigating factor of having malpractice insurance coverage does nothing to dissolve the mental scars from a law suit. Have you ever had direct face to face contact with a physician who has gone through a malpractice court trial?
Were you ever informed about the risk of medical malpractice when you picked your career in medicine? I doubt it! Wouldn’t you have liked to understand the risks a lot more when you started? When a person enlists in the military service, are they aware of the potential for being killed? Of course. Do they get out of the service when they really believe they might become a casualty? Would physicians quit practice because of the devastation of a malpractice suit? Lots do.
Comment:
If you understand the importance and value of “informed consent,” then you may already perceive the point of this article. The majority of reasons for medical doctors quitting medical practice later on can be attributed to the recruiting of medical students out of college that will fail in their practices. And, that is because they were cleverly sucked into a medical career without being told the risks, financial hardships, business education necessity, practice disappointments, career and goal barriers, and the personal stress effects on them.
Believing that your personal commitment to your medical career will enable you to overcome everything is a myth.
The author, Curt Graham, M.D., an experienced physician, author, and marketer with expertise in medical practice business and marketing strategies, is an expert author and motivator for professionals in the business world. He is a platinum expert author with EzineArticles.com and has been published in Modern Physician and on the Internet.
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