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January 15th, 2014
Occupational hazards may vary from industry to industry, but doctors work with greater risk factors. Not only does their work require them to attend to patients with communicable diseases, they are regularly exposed to the airborne diseases of other patients in the hospital, as well. An article posted on the American Academy of Orthopaedic Surgeons website focuses on the effects of occupational injuries that orthopaedic surgeons have dealt with in the past:
“…Many … orthopaedic surgeons … may also sustain on-the-job injuries, according to a study recently published in The Journal of Bone & Joint Surgery.
To assess occupational injuries among orthopaedic surgeons, the study used an electronic survey that was sent to all of the orthopaedists in the state of Tennessee. Researchers found that nearly half of respondents had sustained one or more injuries at the workplace at some point in their careers. Among all respondents, 10 percent missed work due to workplace injuries, and 23 percent of those injured reported not having access to any institutional resources to support their recovery.
… Based on this information, it seems that many orthopaedists have occupational injuries, but may not report them because they believe no reporting mechanism exists. That is quite shocking, considering how many systems are in place for other workers injured on the job, such as Workers’ Compensation.”
As a medical practitioner, you need to secure income protection for doctors to be prepared if ever happens to you. Since majority of your income comes from professional fees, you should receive proper compensation from missed income opportunities that stem from occupational injuries. In these types of cases, it is advisable to seek the services of a financial services provider that specialises in the medical field, such as MEDIQ.
Medical financial service providers allow you to create a contingency plan in the unfortunate event that disallows you from providing for your family. Entrusting your income protection claims to financial advisers with services that are dedicated to medical professionals is different from typical workers’ compensation claims. Because they have a deep understanding of your line of work, they can represent you better so you can receive rightful compensation for your financial protection.
More importantly, you can take advantage of their services in your other financial endeavours. Whether it be your investment portfolio, personal expenses, or particular tax deductions for doctors, their specialisation in the medical field allows for customized services that suit your income stream. In turn, you will not have to deal with unexpected financial setbacks, knowing that somebody is working to strengthen your financial capabilities.
(Article Information and Image from The Risk of Occupational Injuries among Orthopaedic Surgeons, American Academy of Orthopaedic Surgeons, November 2013 Issue)