"The Penniless Doctor Syndrome"

March 07, 2022 | Irene Tang


Share

Do you know that the average debt of a medical student now exceeds $200,000? This module shows you how to diagnose The Penniless Doctor Syndrome.

“Student debt has risen three-fold over the past few decades. This is causing significant doctor stress and burnout," said Dr. Sanjay Sharma, the founder of leading e-learning platform MEDSKL. In this Financeology module, Dr. Sharma dives into how to recognize bad financial habits.

The full module is available on the MEDSKL website.

“New doctors say, 'We feel phenomenal in terms of our diagnostics, but on day one, we get out into private practice and we're running small businesses. We don't have the know-how to do that," according to Dr. Sanjay Sharma, a professor of ophthalmology at Queen's University and the founder of MEDSKL.

To address the concern, MEDSKL, a leading e-learning platform, goes beyond medical lessons and partnered with RBC Healthcare to launch Financeology: where medicine, business and personal finance intersect. This financial literacy channel offers time-pressed medical students and new doctors key personal finance strategies to help them make sound financial decisions so that they can focus on what matters most: helping patients.

In the first module The Penniless Doctor Syndrome™, Dr. Sharma draws on his life experience and uses an easy-to-implement framework (RAN ModelTM) to diagnose financial habits that can lead to a lifetime of financial pressure. He will also touch on the powerful SAVE ModelTM, and how one can use it as the cornerstone of establishing the excellent financial habits needed for financial mastery.

Here's a sneak peek of The Penniless Doctor SyndromeTM:

MEDSKL's Financeology channel is free to students, residents, and doctors. Financeology features a series of animated modules where medicine, business and personal finance intersect to equip medical students and new doctors for financial success.

Related Stories


Categories

Health