Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
NSW Doctors Are Leaving: The Pay Crisis Breaking Our Health System | Ep. 44
Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
-----
In this episode, we’re joined by Dr Nicholas Spooner, Emergency Physician and President of ASMOF NSW, to unpack the growing crisis in New South Wales healthcare. Having spent his entire career in the public system, Nick brings a unique perspective on how outdated awards, stalled enterprise bargaining, and pay disparities are driving doctors out of NSW hospitals.
Nick explains why junior doctors here earn up to 30% less than their interstate colleagues, how staff specialists are locked into contracts that don’t reflect modern models of care, and why many are turning to locum or VMO work instead. He also reveals the hidden costs of these shifts, from collapsing teaching and training structures to growing risks for patient safety.
We also explore the broader stakes: unsafe staffing levels, rising burnout, and why psychiatry has been the first specialty to walk away in protest. If you want to understand what’s really happening inside NSW Health, and what it means for your career, your training, and your patients, this is an episode you can’t afford to miss.
-----
TIME STAMPS:
00:00 Hook / Intro
03:48 Dr Nick Spooner’s Journey & Role at ASMOF NSW
08:12 Impact of Outdated Award System on Junior Doctors
18:40 Pay Disparity & Challenges Attracting Doctors
30:40 Challenges in the Public Health System
31:08 Industrial Action & Mutual Gains Bargaining
39:49 Staff Specialists vs VMOs
45:28 Industrial Action & Workforce Deficit
59:41 Psychiatry Crisis & Government Response
1:07:11 Outro
-----
SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://au.linkedin.com/in/nicholasspooner
-----
LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
-----
FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
