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    Tips for physicians to improve their lives and careers

    Alexi Nazem, MD, MBA is chief executive officer and cofounder of Nomad Health, a healthcare technology startup designed to connect freelance physicians with locum tenens work. We spoke with Nazem about physicians seeking new ways to work in the medical practice. Below, you can read our podcast transcript.

     

    So, yes, there is a huge and growing physician shortage.  There’s a similarly large shortage in the nursing world and it’s largely driven by demographics as the baby-boom population ages they’re going to demand more and more health care services.  And their increasing rate of demand for services is going too far outpace the increasing supply of clinicians.   So I think that there is a multi-part solution here and Nomad is one of the key elements. 

     

    MORE FROM ALEXI NAZEM: Building technology to let physicians take control

     

    So the first thing that needs to be done to improve or to address the clinician shortage is actually to improve the workforce liquidity.  In other words, to help with allocating the workforce resources that we already have.  There is a lot of latent capacity on the sidelines.  There is also a lot of inefficiency existing in the system in terms of getting people to the right job at the right time. And so a system like Nomad is going to (a) improve the efficiency of resource allocation, workforce resource allocation. 

    So make it easier, as I’ve said multiple times now, getting doctors to the patient’s bedside.  But also we can mobilize a lot of the latent capacity that’s on the sidelines for freelance work by making it easier and more attractive to participate in that market.  So I think that we can address a substantial percentage of the clinician shortage problem in that manner.  But it’s not going to solve one hundred percent of the problem.  I think there’s two other layers to the solution. 

    The second layer is actually workforce multiplication.  So that is, in other words, enabling doctors and nurses in other to do more and see more patients, deliver more care.  And so the solution there are things like telemedicine where a single doctor can actually have an impact on many, many more patients and multiplies their impact. 

    Next: "I think it’s going to take years, decades even"

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