What They’re Watching: Christopher Chow, WestPac Wealth Partners
Christopher Chow is a financial adviser for WestPac Wealth Partners providing financial planning services to health care professionals. He joins us in this edition of “What They’re Watching” to talk about the challenge of attracting practitioners to private practice.
As part of a young generation who went into medicine, one of the concerns is how are we going to keep the younger physicians in the same or similar mindset of approaching the health care. I’ve noticed a lot of my colleagues have shifted towards the Kaisers and very stable positions. It’s not all to their fault, they’re coming out [of medical school] with some of them over three, four hundred thousand dollars of student loans and they don’t know how else to approach it. For them, having that security of starting in a salaried position is what’s attracting them to that point. One of the concerns I do have is that private practice is being shoved out, especially in a place like Hawaii. I mean where else can the workforce come from? Because even if we filled every job vacancy in the hospitals and some of the clinics, we know for a fact that won’t actually address all the health care needs that there are. So how are we still going to make [private practice] incentivized or allow private practice physicians, especially on our outer islands or rural communities, to thrive and be able to give back to the community. I think that’s one of my biggest passions is to help those individuals.