Physicians’ cost cutting tactics

In its 2022 “Physician Wealth & Debt Report,” Medscape surveyed physicians on their compensation and how they manage their money.

Advertisement

Medscape surveyed more than 13,000 physicians in more than 29 specialties.

Here are six anonymous physicians’ cost cutting tactics:

“We make a basic decision that it’s not important to be fashionable, to impress other people, or have the latest thing.”

“We do most of our own home maintenance and repairs.”

“Refinancing my student loans last year.”

“Buy a quality, reliable car and keep it at least 15 years or more, if possible.”

“Bringing lunch to work.”

“I have a 24-hour rule: Revisit the desired purchase after 24 hours to see if it is still desired.”

Advertisement

Next Up in ASC Coding, Billing & Collections

  • Becker’s reported on 39 hospital mergers and acquisitions in 2025, ranging from rural hospital partnerships to massive, multi-state system expansions. …

  • Brewer, Maine-based Northern Light Health will close its primary care practice in Castine on Feb. 27, citing staffing challenges, declining…

  • The dynamics shaping mergers and acquisitions within the ASC space are constantly shifting as corporate entities push consolidation efforts and…

Advertisement

Comments are closed.