In this episode of our MDT (Multidisciplinary Team) podcast series, we delve into several pressing topics. We start with an update on the takeover of NHS property by a US private equity firm and what this means for the healthcare system. We then explore the global economic implications of US tariffs, particularly how they are impacting bonds and creating volatility in the market. Our economics experts also put forward their views on the theory of 'taxing wealth not work' as proposed by Gary Stevenson. Wrapping up, we discuss the ongoing NHS pension crisis, including a notable case where a doctor received compensation for pension maladministration and the latest delays in issuing pension saving statements due to the McCloud judgment. Join us as we unpack these complex issues and more

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Disclaimer:

The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

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In this episode of the Medics' Money podcast, the host welcomes Dr. Edmund Jack to discuss his financial journey and share valuable tips for fellow doctors. Approaching 1.4 million downloads, the podcast has been helping healthcare professionals improve their financial wellbeing. Dr. Jack, a GP from Devon, talks about his diverse career and the phases of his financial life, from debt accumulation to investment strategies. He highlights the importance of a structured approach to finances and the benefits of the Medics' Money Financial Wellbeing course. Key topics include sensible investing strategies, whether to pay off the mortgage or invest, and the psychological aspects of finance. Dr. Jack emphasizes the significance of having a clear financial plan, automating investments, and the long-term benefits of a diversified portfolio. Listeners also get insights into the ongoing debate about active vs. passive investing and tips for those just starting their financial journey.

00:00 Introduction and Podcast Milestone

01:53 Guest Introduction: Dr. Edmund Jack

02:13 Dr. Jack's Financial Journey

05:14 Discovering MedicsMoney

12:39 Key Learnings from the Financial Wellbeing Course

16:55 Investment Strategies: Active vs. Passive

31:30 Final Thoughts and Tips for Beginners

34:28 Conclusion and Upcoming Events

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Disclaimer:

The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/

In this episode of the Medics' Money podcast, hosts welcome Dr. Kate Rothwell, a haematology consultant, who shares her experiences from the Medics' Money Financial Wellbeing course. The discussion covers practical financial tips, including dealing with misallocated back pay and tax traps, and the significance of knowing when and how income should be taxed. Dr. Rothwell recounts battling payroll issues and the importance of proactively managing one's finances, especially regarding pensions and investment strategies. The episode emphasizes the value of collective knowledge and persistence in handling financial matters, highlighting stories of errors corrected and financial knowledge gained. Listeners are encouraged to openly discuss and manage their finances to make informed decisions, leveraging resources like Medics' Money to navigate their financial journeys effectively.

00:00 Introduction and Overview

00:16 Back Pay Issues and Tax Traps

00:40 Pensions Taxation Explained

00:46 Investing Mindset and Tips

00:53 Impact of Financial Wellbeing

01:58 Guest Introduction: Dr. Kate Rothwell

02:46 Personal Financial Journey

05:25 Navigating Tax Challenges

18:00 Persistence with HMRC

23:42 Investing and Financial Planning

28:05 The Importance of Financial Knowledge

42:02 Conclusion and Final Thoughts

https://findapprenticeshiptraining.apprenticeships.education.gov.uk/courses/471?location=London%20Fields,%20Greater%20London

Pre-registration trainee pharmacy technician (PTPT) | NHS England | Workforce, training and education

Funding for foundation training in 2025/26 | NHS England | Workforce, training and education

In this episode, Tommy welcomes Gopal Ladva, a pharmacist partner, to discuss his unique role and his journey to partnership in general practice. Gopal shares valuable insights on optimizing the utilization of pharmacists in a GP setting, including his innovative approaches to electronic repeat dispensing, triage systems, and apprenticeship schemes. He emphasizes the importance of understanding finances in general practice, the value of community and knowledge sharing, and the significant impact of collaborative work. The conversation highlights the transformative benefits of integrating pharmacy expertise into general practices for improved patient care and efficiency.

00:00 Introduction and Guest Welcome

01:30 Journey to Becoming a Pharmacist Partner

02:38 Roles and Responsibilities of a Pharmacist Partner

04:22 Innovative Apprenticeship Programs

07:29 Implementing Effective Practice Strategies

11:57 The Importance of Triage in General Practice

17:36 Efficiency Through Electronic Repeat Dispensing

21:13 Reflections on Partnership and Financial Insights

25:23 Conclusion and Final Thoughts

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In this episode, the Medics' Money team recaps a recent experiment where they discussed current medical finance issues and received positive feedback from their audience, prompting another MDT episode. The team, including Dr. Tommy, Dr. Ed, Dr. Cyra Asher, and accountant Andy Pow, covers crucial topics such as checking national insurance records for state pension eligibility, the volatility in the stock market, and the financial implications of electric cars. Additionally, they dive into why current trainees might be hesitant to pursue GP partnerships, discussing the financial risks and lack of business training in medical education while emphasizing the importance of seeking proper guidance and education through Medics' Money's courses. The discussion also touches on medical negligence and vicarious liability risks within GP partnerships. 00:00 Introducing the MDT Experiment

01:07 Meet the Medics Money Team

02:35 Importance of Checking National Insurance Records

04:10 Understanding Voluntary Contributions

05:50 Child Benefits and National Insurance Credits

11:26 Global State Pension Eligibility

13:03 The Great Stock Market Crash Discussion

20:18 Stock Market Sale

20:37 Electric Car Tax Changes

21:33 Luxury Car Tax Explained

22:30 Electric Car Incentives

24:38 Impact of Tax Policy on Electric Cars

27:10 GP Partnership Challenges

31:53 Lack of Knowledge About Partnerships

37:09 Unlimited Liability Concerns

42:49 Conclusion and Final Thoughts

Transforming Primary Care: The Role of Independent Prescribing Pharmacists In this podcast, a GP hosts members from DPP Connect to discuss innovative ways of integrating pharmacists into primary care. Raheena Kasam, Mahmud, and Sadik explain their roles and the function of DPP Connect in facilitating pharmacists to become independent prescribers by matching them with GPs for practical training. They delve into the specifics of the independent prescribing qualification process, the benefits for GP practices, and the future of pharmacist roles in general practice. The conversation highlights the collaborative efforts between GPs and pharmacists, the workflow integration, and the positive impact on patient care.

00:00 Introduction to the Podcast and Guests

02:02 Overview of DPP Connect

02:40 Understanding Independent Prescribing for Pharmacists

04:04 Real-Life Experiences and Benefits

06:44 Training and Supervision Requirements

10:03 Specialization and Scope of Practice

13:59 Vetting and Onboarding Process

16:04 Getting Started with DPP Connect

16:38 Future of Pharmacists in General Practice 21:16 Conclusion and Contact Information

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In this episode, host Tommy interviews Dr. Katie Baker, who transitioned from being a GP to becoming the CEO of a global healthcare company and Operations Director at Tandem Health. They discuss Dr. Baker's career journey, the role of AI in healthcare, and the groundbreaking AI scribe tool by Tandem Health designed to reduce administrative burdens for clinicians. They also delve into Dr. Baker's insights on the future of health tech, the importance of clinician involvement in tech startups, and practical tips for integrating AI tools into medical practices. The conversation highlights how AI can transform healthcare by allowing clinicians to focus more on patient care while streamlining administrative tasks.

00:00 Introduction and Guest Welcome

01:00 Discussing AI in Healthcare

02:03 AI Scribe Demonstration

03:26 Consultation Simulation

08:38 Tandem Features and Benefits

14:36 Getting Started with Tandem

16:02 Understanding Tandem's Pricing and Cost Efficiency

17:33 Necessary Equipment for Using Tandem

18:49 Navigating Implementation and Sign-Off Challenges

19:53 From GP to Health Tech: Katie's Journey

23:15 Breaking into Health Tech: Tips for Clinicians

29:23 The Role of Clinicians in Health Tech Startups

32:19 The Future of Health Tech and AI in Medicine

35:20 Conclusion and Trial Information

Want the latest financial tips for doctors and exclusive invites? Join 64,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/

Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com

Want to improve your finances fast? Then come on our course

https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/

GP partner looking to improve your practice/ Then come on our course

https://www.medicsmoney.co.uk/gp-partnership-programme/

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Disclaimer:

The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

In this episode of the Medics' Money podcast, host Cyra welcomes co-leads Sophie and Henry from the BMA's finance campaign and fourth-year medical student Miki to discuss the financial challenges faced by medical students in England. They delve into how student finance currently works, the significant drop in funding during later years of study, and the impact of these financial shortcomings on students' lives. Personal stories highlight the struggles of balancing intense academic workloads with part-time jobs and the use of food banks, among other hardships. The episode also explores potential solutions, including the continuation of full maintenance loans, increased grants, and better pre-application information. The guests share ongoing efforts to engage with government departments and proposed actions to address these critical issues.

00:00 Welcome to the Medics Money Podcast

00:28 Meet the Finance Campaign Co-Leads

01:16 Understanding the Student Finance System

03:18 The Financial Struggles of Medical Students

05:38 Personal Stories of Financial Hardship

11:00 Campaign Goals and Government Engagement

18:14 Closing Remarks and Future Actions