Ep 238: Remedial Pension Savings Statements... what do YOU need to do?!

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

3 Huhti 21min

Sign up to Tandem here. 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/ Follow us on Instagram Follow us on Twitter 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.

1 Huhti 36min

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

25 Maalis 24min

In this episode of the Medics' Money Podcast, Chartered Accountant and Doctor Cyra takes over for Women's Week in honour of International Women's Day. She engages in a detailed discussion with Melanie Thomas, an accountant specialising in the financial management of doctors. The conversation delves into observed behavioral and career differences between male and female NHS consultants and GPs, particularly in relation to risk-taking, investment behaviors, and work-life balance. They explore the impact of these differences on gender pay gaps and pension disparities. Additionally, the episode provides actionable advice for female doctors to gain financial literacy and confidence in managing their finances. Stay tuned for more insights throughout Women's Week on multiple platforms. 00:00 Introduction to Women's Week 00:28 Meet Melanie Thomas: Accountant for Doctors 01:05 NHS Consultants: Gender Differences in Private Practice 03:16 GPs: Gender Dynamics and Financial Roles 06:11 Investing Behaviors: Risk Appetite and Gender 08:38 Balancing Family and Career: The Hidden Workload 10:10 Empowering Women in Finance 12:10 Conclusion and Upcoming Topics

21 Maalis 12min

GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Journey from ONG Trainee to Influential GP Partner: Tips & Insights with Dr. Durrat In this episode, we hear from Dr. Durrat, a GP partner who shares her transformative journey from an ONG trainee to a GP partner. Durrat offers invaluable insights into improving recall systems, leveraging cloud accounting, and utilising automations and technologies to enhance GP practices. She discusses the significant impact of the Medics Money GP partnership course on her career and practice management. She also highlights the pros and cons of being a GP partner, the benefits of a supportive GP community, and provides practical tips for aspiring partners. 00:00 Introduction to Today's Podcast 02:20 Meet Dr. Durrat Bharmal 02:53 Journey to Becoming a GP Partner 04:41 Learning the Business Side of GP 08:05 Implementing Changes in Practice 11:05 Pros and Cons of Being a GP Partner 14:13 Future Plans and Final Thoughts

18 Maalis 16min

Family Finances Guide: www.medicsmoney.co.uk/familyfinances Part 2 of Financial Family Planning In this episode, Matt and Cyra, a chartered accountant and doctor, delve deeper into financial planning for medical families. They discuss the impacts of maternity and paternity leave on NHS pensions and financial obligations such as student loans. Saira highlights the various maternity leave policies, their effect on pensions, and alternatives like shared parental leave. They also address ongoing student loan repayments during parental leave, potential discounts on professional subscriptions, and strategies to manage childcare costs while working in the NHS. Key topics include child benefits, tax-free childcare, and the nuances of working less than full-time as a medical professional. 00:00 Introduction and Welcome 00:23 Recap of Part One 02:14 NHS Pension During Leave 05:16 Impact of Student Loans 08:01 Subscription Discounts During Leave 12:21 Child Benefits and Tax-Free Childcare 20:37 Locum Work and Parental Leave 22:08 Working Less Than Full Time 28:02 Conclusion and Guide Reminder

15 Maalis 28min

In this episode of the Medics' Money podcast, hosts Ed and Matthew provide a comprehensive guide on essential tax planning strategies to consider before the end of the 2024-2025 tax year on April 5, 2025. They cover six crucial topics, including claiming tax rebates for professional expenses from prior tax years, maximizing ISA allowances, understanding and mitigating marginal tax rate traps, exploring asset transfers to lower-taxed spouses, and staying aware of potential pension annual allowance issues. The episode aims to help healthcare professionals avoid missing out on valuable tax-saving opportunities and offers actionable tips to optimize financial planning. 00:00 Introduction and Overview 00:58 Meet Ed: Your Tax Guide 02:12 Claim Your Tax Rebates 06:00 Maximizing Your ISA Allowance 11:54 Understanding Marginal Tax Rates 14:57 Transferring Assets to Lower Tax Spouses 17:27 Pension Contributions and Annual Allowance 19:21 Final Thoughts and Recap Want the latest financial tips for doctors and exclusive invites? Join 56,000 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/ Follow us on Instagram Follow us on Twitter 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.

14 Maalis 22min

Navigating Entrepreneurship as a Doctor: Insights from Elle Todd   In this episode, originally aired on 'What Medical School Doesn't Teach Us,' Cyra interviews Elle Todd, a part-time A&E doctor and full-time entrepreneur, about her journey in starting her own business. Elle shares valuable advice for doctors considering a shift to entrepreneurship, emphasizing the importance of passion, resilience, and comprehensive market research. She outlines key steps in the process, including developing a business plan, incorporating a company, and practical tips on website development and legal requirements. Elle also highlights the significance of balancing a job while initiating a business to manage financial risks and sustain motivation. The episode is packed with actionable insights, making it a must-listen for aspiring entrepreneur-doctors. 00:00 Introduction: Transitioning from Medicine to Business 00:59 Meet the Hosts and Guest 01:36 Elle's Journey to Entrepreneurship 03:18 Finding the Right Business Idea 05:53 Essential Elements for Starting a Business 08:27 Market Research and Initial Steps 10:46 Financial Considerations and Business Models 22:22 Legal Requirements and Incorporation 26:25 Setting Up a Business Bank Account 27:25 Creating a Comprehensive Business Plan 28:57 Managing Multiple Businesses and Accounts Want the latest financial tips for doctors and exclusive invites? Join 56,000 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/ Follow us on Instagram Follow us on Twitter 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. 29:27 Handling Accounting and Outsourcing 31:36 Legal Documents and Policies 34:15 Building and Managing Your Website 42:03 Lessons from a Failed Business Idea 47:22 Balancing a Job and a Side Hustle 48:49 Final Thoughts and Social Media Plugs

11 Maalis 49min