ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 266: What ER Physicians Need to Know About a Potential Recession

Economic chatter has been getting louder, and whether it’s on the news, on podcasts, or in group chats, the word “recession” gets thrown around a lot. But for ER docs, economic shifts don’t just show up in the stock market—they eventually show up on shift, in your paycheck, and in the way hospitals operate.

That means it’s worth understanding what we’re actually talking about when we talk about a recession. Before we look at indicators and how they affect emergency medicine, let’s start with the basics.

Topics Discussed   

  • Why defining a recession is harder than most people realize.
  • The differences between lagging, leading, and real-time economic indicators.
  • What current unemployment, GDP growth, inflation trends, and consumer confidence actually signal.
  • The “big four” recession indicators (and why they’re giving mixed readings in late 2025).
  • How a downturn can affect ER shifts, wages, contracts, bonuses, and employer stability.
  • What it looks like to stay recession-resilient without panic, overcorrection, or abandoning long-term plans.

Resources Mentioned:

Tags:

 

ER docs, emergency medicine, recession indicators, physician finance, GDP, unemployment, inflation, payer mix, Medicaid churn, uninsured patients, hospital budgets, RVUs, investment behavior, financial planning, economic slowdown