Editorials from the Executive Medical Director
With the average age of the board-certified allergist in their 50s, many of us are thinking about retirement. But even allergy Fellows-in-Training need to make sure they have a secure retirement plan in place. It is never too early to start saving for your golden years. Before you know it, you have been practicing allergy for 25 or 30 years, and it is time to retire. All of us know allergists – in fact, you may be one of them – who will practice until the day they drag your cold body out of your office. But for most, retirement is the next step in a full life.
I have had a great career in allergy. It would not surprise me if just about every board-certified allergist in their sixties and seventies would agree that it has been a very rewarding field, both in terms of helping patients and financially. But what about the newly-minted allergists just starting their profession, or allergists in the middle of their careers – will they be able to say the same thing when they near retirement?
For most allergists, we are busy enough—in fact, too busy, with more and more patients, time on the EHR and dealing with insurance companies. So why would I waste your time writing about side gigs for allergists? I can think of a few reasons. One, not every allergist may be as “booked” as they would like to be and even if fully booked, with the continued decrease in reimbursement, there may be the need for more income. Two, some allergists might like to cut back on patient care but don’t want to see a loss of income. Third, you may want to branch out beyond patient care. You want to use your knowledge and get paid for it. If you are an employed allergist getting a W-2, then a side gig with 1099 income may have some great tax advantages for deductions and increased retirement savings.
As EMD of the College, I usually don’t take up controversial topics in this column. In fact, the College walks a fine line when we are approached to sign off on letters promoting a particular opinion on a health care issue. So why do I want to sound off on one of the most controversial issues facing our country, which no doubt will occupy our newsfeeds throughout the 2020 elections? Because this is an editorial column, where I can give my opinion. Before I start, let me say that this is my opinion alone and is NOT the opinion of the American College of Allergy, Asthma, and Immunology, its officers or its staff.
As you may know, the American Board of Allergy and Immunology is overseen by a parent organization, the American Board of Medical Specialties (ABMS). Presently there are 24 boards under this organization. Their mission is to serve the public and the medical profession by improving the quality of health care by setting professional standards for lifelong certification in partnership with member boards. Recently, the ABMS published a draft document to address the issues associated with Maintenance of Certification (MOC) for physicians in the U.S., Continuing Board Certification, Vision for the Future. You might be asking, “Was this document needed in the first place?”
It’s that time of year when we see all the stories flooding the news and social media about making our New Year’s resolutions. You know, the same ones we see every year - exercise more, lose weight, eat right, etc. We may try to keep these promises, but usually by Jan. 31 they are long forgotten.
Are there specific resolutions that we as allergists should ponder for 2019? I put together some that you could consider for the new year.
It seems like every day there is an article in the news about social media and especially Facebook. Issues related to Facebook include knowing more about you than you think, selling your data, affecting you mentally by making you feel you are not as cool as some of your friends and even leading to addiction to the site. And it’s hard to ignore the spread of misinformation and fake news as well as private information being hacked, which should disturb all of us. With all these fears about Facebook, why do so many of us still use it? I can think of a few great examples of the good that Facebook can do.
With the College’s Annual Scientific Meeting, Nov. 15-19 in Seattle, just around the corner, I thought I would give you a sneak peek of my talk, “The Path from Burnout to Wellness.” It’s part of a session with Mark O’Halloran, MD, FACAAI, who will update attendees on burnout with Gailen Marshall Jr., MD. PhD, FACAAI, and Megan Shepherd, MD, FACAAI acting as moderators and taking part in a panel discussion on the topic.
Why is it important to understand and reach the millennial allergist? In the near future, the largest percentage of physicians in the U.S. will be millennials, replacing the baby boomer generation. For allergy and the College to grow, understanding the needs of these allergists is paramount. In case you don’t know, the term millennial generally refers to the generation of people born between the early 1980s and the early 2000s. It’s the millennial allergists who grew up with personal computers, smartphones, tablets and social media. It is this group that is less likely to scream and curse at electronic medical records (EMRs), as they are more familiar with technology than any previous generation.
The physician-patient relationship has long been the cornerstone of the practice of medicine. I would imagine that most allergists would say that it is the connection they have with their patients, parents and caregivers that brings them the most joy in the practice of medicine. The American Medical Association (AMA) Code for Medical Ethics on the patient-physician relationship states, “The practice of medicine, and its embodiment in the clinical encounter between a patient and a physician, is fundamentally a moral activity that arises from the imperative to care for patients and to alleviate suffering.