#104 Multiple Streams of Income with Dr. Stephen Cohen cover art

#104 Multiple Streams of Income with Dr. Stephen Cohen

#104 Multiple Streams of Income with Dr. Stephen Cohen

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Join us inside Empowered Surgeons Group here.

Join Dr. Gita Pensa’s Litigation Education And Preparedness course here.

Dr. Stephen Cohen is a board-certified general and colorectal surgeon, Section Chief of Surgery at the VA, and an experienced medical expert witness with nearly 30 years in the medicolegal field. We explore what it really means to build a sustainable career in surgery: one that allows surgery to enhance your life rather than consume it.

Dr. Cohen shares why he left more than 20 years in private practice for academic medicine, how financial conflict influenced that decision, and why he believes every physician should consider developing multiple streams of income. We discuss the many career opportunities available outside of direct patient care, including medical expert witness work, utilization review, consulting for medical device and pharmaceutical companies, research, and other non-clinical physician roles. He also offers practical advice on how physicians can get started, how to value their expertise, and why it's important to understand both plaintiff and defense work as a medical expert.

We also talk about medical malpractice lawsuits and the emotional toll they take on physicians. Dr. Cohen openly shares his experience of being sued five times, what it was like to be served, how those cases were resolved, and why being named in the National Practitioner Data Bank (NPDB) does not define your career. He explains why malpractice litigation is fundamentally adversarial, why the legal system doesn't always reward the truth in the way physicians expect, and what every doctor should know before ever stepping into a deposition or courtroom.

Along the way, we discuss one of the biggest lessons he learned as an expert witness: knowing the medical record better than anyone else. He explains why carefully reviewing the chart, understanding every detail, and studying depositions can make all the difference in litigation. We also explore why a poor outcome does not necessarily mean poor medical care and the single question from a plaintiff attorney that changed the outcome of a malpractice trial despite excellent surgical care.

Our conversation turns to risk management and the everyday habits that protect both patients and physicians. Dr. Cohen shares why thoughtful documentation is so important, why physicians should never argue with colleagues in the medical record, when to involve risk management after complications, and why communication remains one of the most powerful ways to reduce malpractice risk. He also discusses the surprising benefits of giving patients your cell phone number, approaching every patient with a beginner's mind, and asking yourself how you would care for the patient if they were your own parent.

Finally, we reflect on what changes after residency and fellowship, when technical excellence alone is no longer enough and physicians begin redefining success on their own terms. Dr. Cohen shares what he still loves about colorectal surgery, how the specialty has evolved throughout his career, his thoughts on the rising incidence of colorectal cancer, and why every surgeon should build a career that creates freedom, purpose, and longevity, not just more time in the operating room.

Whether you're interested in medical malpractice, becoming a medical expert witness, physician consulting, utilization review, physician burnout, career diversification, or building multiple streams of income as a doctor, this conversation is filled with practical advice and hard-earned wisdom from someone who has successfully navigated every stage of a surgical career.

Follow Dr. Stephen Cohen on linkedin here.

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