Can financial literacy be a solution for physician burnout?

Ogunkua, Olutoyosi; Okoro, Ejike N; Smith, Miakka N; Trousdale, Devin; Byerly, Stephanie I.; Steiner, Jeffrey W.

doi:10.1016/j.jclinane.2021.110594

Cited by 9 publications

(10 citation statements)

References 7 publications

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“…Financial literacy was overlooked as a solution for burnout. Improving financial literacy was the first step in helping tackle financial problems that might worsen burnout [ 45 ]. On the variable of daily working hours, if the status changes (e.g., moderate-decreased and moderate-increased), the longer the hours worked, the worse the burnout.…”

Section: Discussionmentioning

confidence: 99%

Trajectories of Job Burnout among Bus Drivers in China: A Three-Year Follow-Up Study

Huang

Liu

Wang

et al. 2022

IJERPH

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This study aimed to characterize job burnout in longitudinal trajectories among bus drivers and examine the impact of variables related to job burnout for trajectories. A longitudinal study was conducted in 12,793 bus drivers in Guangdong province, China, at 3-year follow-up assessments. Growth mixture modeling (GMM) was used to estimate latent classes of burnout trajectories and multinomial logistic regression models were applied to predict membership in the trajectory classes. In general, there was a decrease in job burnout in 3 years [slope = −0.29, 95%CL = (−0.32, −0.27)]. Among those sub-dimensions, reduced personal accomplishment accounted for the largest proportion. GMM analysis identified five trajectory groups: (1) moderate-decreased (N = 2870, 23%), (2) low-stable (n = 5062, 39%), (3) rapid-decreased (n = 141, 1%), (4) moderate-increased (n = 1504, 12%), and (5) high-stable (n = 3216, 25%). Multinomial logistic regression estimates showed that depression symptoms, anxiety symptoms, and insomnia were significant negative predictors, while daily physical exercise was a significantly positive predictor. We found an overall downward trend in bus drivers’ burnout, particularly in the sub-dimension of personal accomplishment. Mentally healthier drivers and those who were usually exercising were more resilient to occupational stress and less likely to suffer burnout.

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Section: Discussionmentioning

confidence: 99%

Trajectories of Job Burnout among Bus Drivers in China: A Three-Year Follow-Up Study

Huang

Liu

Wang

et al. 2022

IJERPH

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“…A lack of personal finance literacy makes financial decision-making difficult among medical trainees and practitioners. [1][2][3][4][5][6][7][8][9][10][11][12][13][14] As a result, medical students, trainees and early career physicians may not make optimal choices regarding budgeting, saving, investing, insurance and other financial decisions, which are particularly important during a time when finances are especially constrained by high debt. 4-7 10-13 [15][16][17][18][19][20][21][22] Therefore, these groups can experience increased stress and anxiety and a lower quality of life.…”

Section: Introductionmentioning

confidence: 99%

“… 25 38 Since many of these invitees also sell financial products and services to participants, 14 23 32 38 39 many medical students and trainees distrust these educational attempts. 14 32 38 39 In contrast, trainees prefer expert and unbiased sources to address their unmet financial training needs, resulting in a recent rise in the number of peer-reviewed publications addressing objective and impactful personal finance literacy.…”

Section: Introductionmentioning

confidence: 99%

“…As a result, medical students, trainees and early career physicians may not make optimal choices regarding budgeting, saving, investing, insurance and other financial decisions, which are particularly important during a time when finances are especially constrained by high debt 4–7 10–13 15–22. Therefore, these groups can experience increased stress and anxiety and a lower quality of life 10 14 18 20 21 23–25. Furthermore, financial stress and medical student loans may influence medical student subspecialty choice and exacerbate subspecialty disparities among new residents 26.…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, financial stress and medical student loans may influence medical student subspecialty choice and exacerbate subspecialty disparities among new residents 26. Accordingly, the UME and graduate medical education (GME) communities have recommended financial literacy training to reduce debt-related anxiety,10 27 28 decrease burnout,10 11 14 29–31 and improve physician wellness 10 12 14 32 33. In addition, medical students and trainees recognise the lack of personal finance knowledge and want a greater emphasis on the development of financial skills during their training 1 9 10 18 24 34–36…”

Section: Introductionmentioning

confidence: 99%

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Systematic review of personal finance training for physicians and a proposed curriculum

2022

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BackgroundMany physicians complete medical school and graduate medical education (GME) burdened by high debt and financial illiteracy. This places them at increased risk for ill-informed financial decisions, which can result in increased stress and anxiety and a lower quality of life. Furthermore, financial concerns impact physicians’ specialty selections and may partly explain the scarcity of primary care practitioners. In response, medical wellness programmes have increasingly sought to offer personal finance education, but there is little guidance on optimal curricula. Our objective is to systematically review the existing literature examining physician financial literacy curricula and to recommend a standardised personal finance curriculum.MethodsThis review used the Preferred Reporting Items for Systematic Reviews and Meta-Analyses 2020 checklist to report the results of literature searches in PubMed, ERIC, MedEdPortal, EBSCO, JSTOR and Google Scholar. Three researchers used predetermined inclusion and exclusion criteria to select articles, including a focus on financial concepts applicable in the USA. Selected articles published between 2000 and 2022 were assessed using the BEME strength of findings tool, and further assessed using modified Côté-Turgeon and Kirkpatrick model qualitative analyses tools.Findings49 articles met all inclusion criteria. Ten specifically described personal finance literacy curricula for medical students or GME trainees, with varied criteria for selecting instructors, topics and outcomes. All studies reported that audiences were ill prepared for making financial decisions but strongly desired financial literacy education. Qualitative analysis revealed Strength of Findings summary scores ranging from 2 to 4, while applicable Kirkpatrick Model scores were all 3 or greater. Based on these findings, a 14-module personal finance curriculum is proposed by the researchers, along with learning objectives.InterpretationAlthough medical students and GME trainees value financial literacy, few publications report the impact of actual curricula. These efforts vary in depth, breadth and measured impact. Future research should focus on development of valid testing instruments specifically for physicians, content standardisation, selection of credible instructors and delivery formats.

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Suprazygomatic infratemporal pterygopalatine fossa block with adjuvant low-dose dexmedetomidine for adenotonsillectomy

Zoghbi

Pan

Lin

et al. 2022

Can J Anesth/J Can Anesth

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Can financial literacy be a solution for physician burnout?

Cited by 9 publications

References 7 publications

Trajectories of Job Burnout among Bus Drivers in China: A Three-Year Follow-Up Study

Trajectories of Job Burnout among Bus Drivers in China: A Three-Year Follow-Up Study

Systematic review of personal finance training for physicians and a proposed curriculum

Suprazygomatic infratemporal pterygopalatine fossa block with adjuvant low-dose dexmedetomidine for adenotonsillectomy

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