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Financial Burden of COVID-19 on Orthopeadic Surgeons

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Journal of Clinical Orthopaedics | Vol 7 | Issue 2 |  Jul-Dec 2022 | page: 66-72 | Sachin Kale, Sagar Soni, Sarang Aggarwal, Nikhil Reginald Isaacs, Ronak Mishra, Sankalp Shashwat, Suraj Doshi

DOI: 10.13107/jcorth.2022.v07i02.537

Author: Sachin Kale [1], Sagar Soni [1], Sarang Aggarwal [1], Nikhil Reginald Isaacs [1], Ronak Mishra [1], Sankalp Shashwat [1], Suraj Doshi [1]

[1] Department of Orthopaedic, Dr. D. Y. Patil University , School of Medicine Hospital and Research Centre, Nerul,
Navi Mumbai, Maharashtra, India.

Address of Correspondence
Dr. Nikhil Reginald Isaacs,
Department of Orthopaedic, Dr. D. Y. Patil University , School of Medicine Hospital and Research Centre, Nerul,
Navi Mumbai, Maharashtra, India.
E-mail: nikhil-isaacs@hotmail.com

Abstract

Background: Coronavirus disease 2019 (COVID-19) has spread throughout the world, affecting people from all walks of life, including orthopedic doctors in India. We’ve We’ have seen a significant decrease in the number of patients. The study’s study’s goal was to determine the extent to which the epidemic has affected Indian orthopaedic practice.

Methods: An online survey of currently practicing Indian orthopaedic doctors was done. The study enlisted the help of 500 orthopaedic surgeons. A statistical analysis was performed to determine the relationship between the demographic profile of study participants and other orthopaedic practice characteristics.

Results: Maximum participants belonged to the age group of 30-–40 years (39.8%) and only 13.6% belonged to the age group of 51-–60 years. Approximately, 85.8% participants were married. Out of all, 86% participants were consultants and 14% were residents. Most of the participants (35.2%) have 5-–10 years of practice experience. Most of the participants were working in charity hospitals (31.4%) and very few of them (4.8%) were working in government hospitals.

Conclusion: Practicing orthopaedic surgeons working in the private sector and running their own (individual) hospitals and clinics have been the most badly afflicted in terms of earnings, while those working in the government sector and medical universities have been the least afflicted.

Keywords: Coronavirus disease 2019COVID-19, financial loss, orthopedic surgeons, clinical practice, World Health
Organization. WHO

References

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How to Cite this article: Kale S, Soni S, Aggarwal S, Isaacs NR, Mishra R, Shashwat S, Doshi S. Financial Burden of COVID-19 on Orthopeadic Surgeons. Journal of Clinical Orthopaedics Jul-Dec 2022;7(2):66-72.

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Financial Ignorance among Orthopedic Surgeons: A Survey In COVID-19 Era

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Journal of Clinical Orthopaedics | Vol 6 | Issue 2 |  Jul-Dec 2021 | page: 8-11 | Sachin Kale, Ajit Chalak, Sanjay Dhar, Prasad Chaudhari, Sushmit Singh, Aditya Gunjotikar

Author: Sachin Kale [1], Ajit Chalak [1], Sanjay Dhar [1], Prasad Chaudhari [1], Sushmit Singh [1], Aditya Gunjotikar [1]

[1] Department of Orthopaedics, Dr. D. Y. Patil Medical College and Hospital, Nerul, Navi Mumbai, India

Address of Correspondence
Dr. Sushmit Singh,
Department of Orthopaedics, Dr. D Y Patil Medical College and Hospital, Nerul, Navi Mumbai, India.
E-mail: drsushmits@gmail.com

Abstract

Background: COVID-19 pandemic has severely affected the finances of orthopedic surgeons around the globe due to recurring lockdowns and fewer elective surgeries. It has forced surgeons to reflect on their wealth management status and look for a second source of income as well.
Objectives: The objectives of the study were to determine the effect of the COVID-19 pandemic on the personal finances of orthopedic surgeons and gauge their knowledge regarding the stock market as a second source of income.

Methods: An online survey was conducted among the orthopedic surgeons practicing in Maharashtra, India. The survey included assessment of demographic data, financial knowledge, knowledge of the stock market, and wealth management status.

Results: Most respondents (75.6%) were forced to think about the second source of income after the COVID-19 pandemic. Seventy-nine percent of surgeons felt the need for training for investment in stock markets.
Conclusion: Most of the respondents lack proper knowledge about funds management and retirement planning. This study indicates a strong need for formal education of orthopedic surgeons in the field of personal finance, stock markets, and retirement planning.

Keywords: COVID-19, orthopedic surgeons, personal finance

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How to Cite this article: Kale S, Chalak A, Dhar S, Chaudhari P, Singh S, Gunjotikar A. Financial Ignorance among Orthopedic Surgeons: A Survey in COVID-19 Era. Journal of Clinical Orthopaedics July-Dec 2021;6(2):8-11.

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