Physician side hustle collaborations in chronic disease management platforms pushed several Nasdaq health-tech names up 4% on Wednesday’s close, aligning with projected patient demand increases. “My anxiety has reduced and I’m not as high-strung since hiring her,” said Azih, who pays Kayla $25 an hour for sporadically helping out in a given week. In addition, one of the side hustles that is attractive to many doctors is to become a medical expert witness, as it can be a lucrative way to leverage medical expertise. On his podcast Wealth Planning for the Modern Physician, David B. Mandell, JD, MBA, interviewed an orthopedic surgeon who replaced his income, in part, by working as a medical expert witness in orthopedic-related cases after he had become disabled and could no longer perform surgery. He gives several valuable insights relevant to orthopods specifically. Listen to Episodes 1 and 2 of Season 5 for more detail. Physician side hustle activities, including biotech advising and medical device partnerships, have surged, reflected in the 2.3% rise in S&P Health Care equipment stocks in the last five trading sessions. Investors watch for stronger Q2 earnings from companies collaborating with physician entrepreneurs, as innovation cycles shorten.
