Physician-specific Financial Assessment
Bias-free Financial Education
Introductions to vetted professionals
Michael Warner, MD, FRCPC, MBA
Michael Warner is a practicing intensivist and Medical Director of Critical Care at the Michael Garron Hospital. He is a Lecturer at the University of Toronto and educates residents on the financial aspects of transitioning to practice. In 2018, he won the Excellence in Community-Based Teaching award for the best teacher among all U of T community-based teaching hospitals. More recently, he founded thePPEdrive.com and has become a trusted physician voice in the media helping Canadians navigate the COVID-19 pandemic.
A graduate of Queen's University School of Medicine, Dr. Warner trained in internal medicine and critical care at the University of Toronto. To nurture his interest in business, he completed the full-time MBA program at the Rotman School of Management.
As a respected clinician and entrepreneur, Dr. Warner has successfully combined his interests in business and medicine. He served as the Medical Director of Best Doctors Canada and worked domestically and internationally as a healthcare consultant for PwC. He also served as Chief Medical Officer of a virtual care company and has a growing interest in coordinating real estate investment opportunities for physicians.
In 2016 Dr. Warner started AdvisoryMD. He provides career coaching and personal finance education to physicians clients. For corporate clients he offers clinically informed business advice to companies ranging from healthcare start-up to private equity firm.
Tariq Esmail, MD
"Michael and Advisory MD are essential in providing the missing link of a business education lens to my medical training. As someone who has an active interest in learning more about financial planning and making smart strategic career choices, working with Michael not only opened my eyes, but also connected me with other professionals to help me make the best decisions now for the future. Meeting with Michael towards the end of residency was an important step in helping me transition to fellowship and ultimately practice. Highly recommend!"
Justin Chopra, MD, MBA
Palliative Care Physician
"Working with Michael has been a very positive experience for me. By leveraging his medical and business backgrounds together, Michael is able to provide his clients with a unique perspective that is tailored to the specific financial needs and issues of physicians. Being a physician himself, Michael brings added sense of authenticity and credibility, as he too, has experienced many of the same issues his clients currently have.
Throughout the process, I appreciated Michael's willingness to learn as much as he could about my financial situation, both over the phone and then in person, in order to create a report that was easy to understand, practical and most importantly, customized specifically for me. Another "value-add" was Michael introducing me to various vetted experts (in real estate, law, and finance) that have only helped to further my financial knowledge and confidence.
Overall, I would absolutely recommend Michael's services to other physicians and I look forward to working with him in the future."
Ian Taylor, MD
Emergency Medicine Physician
"There's a real need for truly independent, unbiased, and reliable financial advice tailored to physicians. Fortunately, Michael is helping to fill the gap with his business. We have gone through a few financial advisors and while we were generally happy with their advice, Michael approached our situation with a unique angle, higher degree of analysis, and degree of professionalism that was exceptional. He's very experienced, knowledgeable, and is particularly in a good place we feel to understand our financial and personal situation. How many financial advisors are in the same stage of life financially, career-wise and family wise? We recommend his services whenever we can and hope to enjoy working with him for many years to come!"
Tom Donnelly, MD
Anesthesiologist and Healthcare Entrepreneur
"Michael has supported the development of my tech start up company providing trusted advice in areas such as research and development, feasibility analysis and healthcare politics. He has kept us moving in the right direction and avoid dreaded potholes start ups often fall into. As a successful physician and serial entrepreneur, Michael possesses a unique skill set and perspective that would be valuable for any company starting in the healthcare industry."
Joshua Bell, MD, PhD
Associate Medical Director
Late Stage Clinical Development
"I found Michael to be professional, knowledgeable, and an asset in my career transition. He was available during hours beyond what he was compensated for, and our face to face meeting was very helpful in exploring my options for a non-clinical career in medicine. Mostly, I found he was helpful in identifying the unique strengths I brought to a new role, and allowed me to be confident in both making the move. I now have my dream non-clinical job and would not hesitate to recommend Michael to a friend looking to make a career transition."
Mark Shew, MD
"I am a physician who recently sought Michael's advice in seeking financial independence. Michael is able to offer a unique, non-biased, physician-specific perspective on my overall financial health. With his comprehensive financial assessment and financial advice, he helped me to identify certain key weak areas in my overall approach. As a physician himself, he understands the overall financial struggles and advantages of being a physician, and is able to offer targeted advice that you cannot find in non-physician advisors."
David Mendelson, MD (1)
"Only a few years into independent practice, I realized that my knowledge of billing was lacking. Michael was able to identify services that I had been providing that I was billing sub-optimally (or not at all) and distill complex concepts into simple ones, helping me maximize revenue, save time and learn to bill independently. I estimate that my billings are 5-10% higher with only a few hours of expert guidance from Michael, making his consultation a great investment that paid for itself in a single billing cycle."
David Mendelson, MD (2)
"I initially came to Michael with what I thought was a straightforward investment to review. Michael was able to bring to light important aspects that I had not been explained or been made aware of. With a careful review of my overall financial picture and career plans, it became clear that pursuing the deal would be a major mistake. Michael was able to improve my financial literacy and connect me with an honest, knowledgeable professional who structured the investment in a much more favourable way, which will surely save me tens of thousands of dollars in the long run."