ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 196: Decreasing Compensation and Increased Interest in Unionization

It’s no surprise EM has experienced volatility over the past decade. Whether it’s in the form of general healthcare structure, insurance, government programs, private equity, and, importantly, compensation, it’s clear things may not be running as efficiently as they should be. This has led to talks of unionization growing in popularity as a means to make long-desired improvements.

On today’s episode, we’ll discuss the history of unions, review a study recently issued on this topic, and of course relay the messages and sentiments we’ve received from clients.

Topics Discussed:   

  • The purpose of unions and a bit of history on them.
  • Downsides, dilemmas, and complications of unions.
  • What recent surveys show about interest in unions.
  • What a recent study shows about the current state of unions in emergency medicine.
  • How being an independent contractor factors into unionization.
  • Possible changes that might be coming for unions and union participation.
  • What we’re hearing about the ER career and union changes from people in the field.

Resources Mentioned:

Tags

unions, ER unions, emergency medicine unions, changes in rates, changes in salary, inflation upkeep, compensation changes, emergency medicine compensation, ER finances, financial planner, emergency medicine, ER docs, emergency doctors