Financial and Workplace Well-Being for Doctors: Lessons for Life After Medical School

This free, academic lecture series is designed to help doctors take control of their financial and workplace well-being, so they can focus on what they do best—providing superior patient care.

Developed through a partnership between Ronald H. Wender, MD, FACA, a member of The Doctors Company Board of Governors, and Cedars-Sinai Medical Center, these lectures are an informative introduction to life after medical school for new clinicians, as well as a helpful refresher for other healthcare professionals. Get practical advice on subjects such as healthcare policy, financial markets, payoff strategies for student loans, personal financial basics, home buying 101, and how professional liability insurance works.

Series Modules

The International Journal of Medical Education, in a study published last September, found that medical residents and fellows have low levels of financial literacy and high debt. The average medical school graduate owes $241,600 in total student loan debt—six times as much as the average college graduate. Nearly 33 percent of respondents noted struggling to find funds for monthly expenses, regardless of their median income being around the national average. Researchers concluded that training in budgeting, estate planning, investing, and retirement planning is essential for providing medical school students—and doctors—with the ability to effectively manage finances.

The guidelines suggested here are not rules, do not constitute legal advice, and do not ensure a successful outcome. The ultimate decision regarding the appropriateness of any treatment must be made by each healthcare provider considering the circumstances of the individual situation and in accordance with the laws of the jurisdiction in which the care is rendered.


Featured Speakers

In addition to Dr. Wender, this series features insights from:

Jacque J. Sokolov, MD, Chairman and CEO of SSB Solutions, Inc., a diversified US-based healthcare company.

Richard E. Anderson, MD, Chairman and CEO of The Doctors Company, the nation’s largest physician-owned medical malpractice insurer.

Christopher R. Caira, ChFC & CFS, a financial advisor and the founder of Advisor Resource Group, a financial planning firm for medical professionals.

Richard Carroll, one of the founding members of Carroll, Kelly, Trotter & Franzen, a malpractice defense firm.

Arlan A. Cohen, MD, JD, a physician and Harvard-trained plaintiff’s malpractice attorney.

Kimberly Kirchmeyer, Former Executive Director of the Medical Board of California.

Lisa Maqueira, Vice President of Revenue Cycle & Managed Care Operations, and Kimberly Nielsen, Director of Revenue Cycle Compliance, both of the Cedar-Sinai Medical Network.

Ian Morrison, PhD, an internationally known author, consultant, and futurist, specializing in long-term forecasting and planning for healthcare.

Anthony Hunter Schiff, JD, MPH, Adjunct Professor, Department of Health Policy and Management at UCLA Fielding School of Public Health, and a transactional healthcare attorney.

Dr. Frances Ellington, DBA, CPA, State and Local Tax Practice Leader for Green Hasson & Janks.

Shant V. Bedrosian, CPA, MST, an experienced accountant with Green Hasson & Janks.

Matthew Vuckovich, a partner at The Gilbert Group, a nationally acclaimed life, disability, and insurance firm.

T.C. Wilson, Chief Investment Officer of The Doctors Company.

David Wrigley, Senior Vice President of Finance/CFO at Cedars-Sinai Medical Center.

Leading experts from First Republic Bank.

About Dr. Wender

Ronald H. Wender, MD, FACA, is a Los Angeles–based anesthesiologist. Dr. Wender is Chairman Emeritus and Professor of Anesthesiology at Cedars-Sinai Medical Center, where he also served as Academic Chair of the Cedars-Sinai Anesthesia Residency Program and Director of Anesthesia Training Programs. Dr. Wender is a Diplomate of the American Board of Anesthesiology, a Fellow of the Federation of State Medical Boards, and former President of the Medical Board of California. He is a Member of the National Association of Corporate Directors with fellowships in Governance and Leadership.