Most GPs spend years developing clinical expertise, but sometimes little time is devoted to understanding the financial side of a medical career. Yet financial stress and uncertainty around income can quietly influence workload, career decisions, burnout, and overall job satisfaction.
In this episode of Focused Practice Conversations, practice operations expert Matt Woollard speaks with Dr Dev Raga about why financial literacy matters for doctors, and the common blind spots many clinicians face.
Drawing on his experience as both a GP and host of the Dev Raga Personal Finance podcast, Dev explores the realities many doctors encounter but rarely discuss openly. The conversation looks at how financial uncertainty can influence day-to-day practice, why many clinicians feel they are “behind” despite working hard, and what changes when GPs gain greater clarity and confidence around money.
Importantly, this episode is not about complicated investing strategies or extreme budgeting advice. Instead it focuses on realistic concepts relevant to busy clinicians working in general practice, including:
Whether you are early in your GP career or simply looking to make more informed financial decisions, this episode offers a thoughtful starting point.
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Listen to all episodes in the Focused Practice Conversations series.
HealthCert Education's Focused Practice Conversations podcast series explores how GPs build focused areas of practice, why they chose that path, what changed in their clinic, and whether going deeper into one niche was ultimately worth it.
Healthcare Entrepreneur & Business Development Consultant
Born and educated in Adelaide, Matt Woollard is a seasoned healthcare entrepreneur with over two decades of experience building, scaling, and transforming healthcare businesses across Australia.
Matt began his healthcare career in 2000 as the second employee of Skin Alert Skin Cancer Clinics, where he worked alongside founder Paul Elmslie to grow the business from the ground up to a network of 14 clinics nationwide over seven years. As Chief Executive Officer of National Skin Cancer Centres, established in 2016, Matt led the business through a period of significant expansion before its successful acquisition by Sonic Clinic Services.
With a deep knowledge of skin cancer medicine, Medicare frameworks, and the operational realities of primary care, Matt's core expertise lies in business development, identifying, structuring, and growing healthcare assets in an increasingly complex and competitive landscape. Today, Matt consults across the broader healthcare sector, partnering with large corporates and private equity firms to develop and de-risk healthcare assets. He remains active in skin cancer medicine and brings the same sharp commercial lens to emerging opportunities in women's and mental health.
Dr Dev Raga is a Melbourne-based medical practitioner and the host of the popular Dev Raga Personal Finance podcast (formerly known as my millennial money medical). He makes money concepts simple for busy professionals. Listen to his podcast here (new episodes every Wednesday).
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