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Does Physician Leadership Truly Begin with Self-Awareness?

AI advances at privacy’s expense / Burnout becomes an entrepreneurial liability / Legacy systems erode healthcare safety

The LOUNGE - A Newsletter for Savvy Physicians

We scour the net, selecting the most pertinent articles for the busy doc so you don’t have to! Here’s what kept our focus this week…

  • What if the missing ingredient in medical leadership training isn’t management skills—but self-awareness?

  • Not all AI conversations are created equal when it comes to confidentiality.

  • Entrepreneurship isn’t just about strategy and funding—it’s about mental survival.

  • Yesterday’s hospital IT systems are today’s silent patient safety threat.

  • From C-suites to customer reviews, new insights are rewriting today’s business playbook.

  • Where you practice medicine could determine how fast you reach financial freedom.

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LOUNGE TALK

Traditional leadership training in medicine often centers on titles, management, and administration, but it overlooks a deeper need: self-awareness. Many physicians enter practice unprepared for the realities of health care, from business models to career alignment, leading to burnout and dissatisfaction. This not only impacts doctors’ well-being but also the quality of patient care. To address this, Dr. Amelie Oshikoya created the LEAD+ program, which focuses on helping medical trainees understand themselves, clarify their values, and make intentional career choices. The program blends business acumen, systems thinking, and leadership development while providing exposure to diverse mentors and hospital executives. The goal is not just to produce administrators but to cultivate fulfilled physicians who thrive in roles aligned with their identity and purpose. Ultimately, happier and more intentional doctors lead to better, more compassionate care for patients.

Artificial intelligence is rapidly transforming healthcare, but privacy remains a critical concern. Unlike doctor-patient interactions, conversations with general AI chatbots like ChatGPT lack legal privilege and could even be subpoenaed. This creates serious risks for patients who share sensitive information. Companies like Drive Health are working to solve this problem with purpose-built AI caregivers, such as Avery, which are embedded in secure healthcare workflows, HIPAA-aligned, and designed with enterprise-grade privacy protections. Avery helps reduce hospital readmissions, supports care coordination, and serves as a 24/7 medical companion—all while running on Google Cloud’s secure infrastructure. For patients, the key is to understand that regulated healthcare AI platforms provide stronger safeguards than consumer-grade tools. Moving forward, industry leaders and regulators are calling for robust frameworks—similar to HIPAA—to ensure AI adoption doesn’t undermine patient trust. Ultimately, innovation in healthcare AI must be matched by accountability, transparency, and security-first design.

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If you’ve been thinking about how to create more flexibility in your schedule or more income that doesn’t come from stacking clinical hours, this is worth checking out.

It’s where doctors go to talk honestly about real estate, business, and what comes next.

This year’s event (September 25–27 | Newport Beach, CA) features two focused tracks: one on real estate investing and one on entrepreneurship. And it’s designed to help you figure out your next step, whether that’s buying your first property or finally launching that side business.

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Entrepreneurship is a high-pressure marathon, and resilience has become the ultimate differentiator between founders who burn out and those who thrive. Long nights, endless to-do lists, and investor pressure can easily push entrepreneurs into exhaustion. But the ones who endure know how to protect their mental health while adapting under relentless stress. Resilient founders treat setbacks as opportunities to learn, practice mindfulness to stay grounded, and lean on strong support networks to maintain perspective. They also set boundaries to safeguard their time and energy while prioritizing recovery to keep their creativity and clarity intact. Building a business isn’t just about luck or talent—it’s about cultivating sustainable habits that allow entrepreneurs to weather the emotional ups and downs. The message is clear: resilience isn’t optional; it’s the foundation for both long-term business success and personal well-being.

Healthcare’s reliance on outdated digital systems is creating a growing safety crisis. Many of these legacy platforms still underpin critical clinical decisions but lack modern safety standards, governance, or vendor support. They often run without risk assessments, audit trails, or clear accountability, leaving both patients and providers exposed to avoidable harm and regulatory consequences. The problem is compounded by fragmented ownership, ad hoc decommissioning, and the fact that knowledge of system quirks is often confined to a handful of individuals. Addressing these risks requires coordinated action across national, regional, and local levels—from establishing supplier accountability to investing in clinical safety officer (CSO) capacity. Grassroots collaboration among CSOs is equally vital, with peer networks, shared learning, and transparency helping to close the gap between policy and practice. Without decisive action, the gap between assured and unassured systems will only widen, straining trust, resources, and patient safety.

Harvard Business Review’s latest research roundup spotlights findings that touch leadership, technology, and organizational health. One study explores how CEO start dates influence company performance and transition outcomes, while another dives into the outsized impact of online reviews on consumer trust and brand perception. AI’s role in shaping employee morale also takes center stage, with data showing both opportunities and risks in how automation reshapes work culture. Together, these studies illustrate how even small shifts—like timing leadership changes, managing digital reputations, or introducing AI into workflows—can ripple across organizational performance. For executives, staying ahead of this research means better decisions, stronger cultures, and smarter responses to competitive pressures. The message: leaders can’t afford to ignore the data shaping tomorrow’s strategies.

Physician on FIRE and Marit Health teamed up to rank the best and worst states for doctors aiming to achieve FIRE (Financial Independence, Retire Early). The analysis weighed five factors—physician salaries, taxes, cost of living, quality of life, and malpractice premiums—to calculate a “FIRE Index.” Wyoming tops the list, offering $506K average salaries, no state income tax, and a supportive practice environment, though rural living is part of the trade-off. Wisconsin, Florida, New Hampshire, and Illinois round out the top five, each balancing strong earnings potential with livability and manageable practice risks. On the flip side, high-tax, high-cost states like Rhode Island, Maryland, California, and New Mexico fall to the bottom, making FIRE feel out of reach. For physicians, this report underscores how strategic location choices can cut years off their financial independence timeline. The big takeaway: your ZIP code can be just as powerful as your paycheck when it comes to retiring early.

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Doctors Build Wealth Differently 

You didn’t choose medicine for the money—but that doesn’t mean you shouldn’t optimize your wealth.

At My Financial Coach, you’ll work one-on-one with a CFP® professional who will create a personalized strategy tailored to your complex needs as an entrepreneur. By optimizing multiple streams of 1099 and w-2 income, managing personal debt, lowering taxes, and planning for life’s milestones (as well as hangups)—a coach will help you build to where you want to be. You’ll better understand how your practice’s valuation affects business succession plans and your future, like retirement. See real-time charts of spending, assets, and investment information in one place online, all protected by top-of-the-line security. You can also store digital copies of deeds, contracts and important documents securely.

No commissions. No sales pitch. Just advice-only personalized planning designed for the complex needs of business owners, for a fixed monthly subscription.

👉 Start your plan at myfinancialcoach.com/bootstrapmd 

Proud sponsor of BootstrapMD

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“Every physician entrepreneur should remember: innovation starts with solving a problem you’ve personally felt at the bedside”

Dr. Vineet Arora