Archive for the ‘Tips for New Physicians’ Category
Tuesday, July 29th, 2008
Yes, you read it right, I want to talk about junk mail. Junk mail is a topic worthy of discussion because physician's offices receive so much of it. The time that it takes you and/or your staff to sift through the junk mail actually costs you money.
For example, if a front ...
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Monday, July 21st, 2008
As a new physician, you may or may not realize that your services are the only source of income available to pay your overhead. If you take a vacation for a week, you lose the income for that week. Your rent, employees, utilities, e.t.c. all still have to be paid ...
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Thursday, July 17th, 2008
Federal law dictates that a standardized vaccine information sheet (VIS) must be given to a patient or a patient's parent or legal gaurdian before a vaccination can be administered. The patient needs to be given enough time to read the VIS before the vaccine is given. The vaccination can be refused. Think about it this way... a ...
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Tuesday, July 15th, 2008
The first year out of residency has a steep learning curve to it. When you leave the safety net of your attending physicians, you find yourself forced to develop your own style of practice. Despite all of the current talk of quality measures and pay for performance, you will often ...
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Wednesday, July 9th, 2008
At the end my second year of residency, I did a month long practice management rotation. I met with a gentleman who had experience negotiating physician employment contracts, a financial planner, insurance agents, EMR vendors, practice managers and a certified coder. During the last week of that rotation, the two surgery chiefs usurped the certified coders time. ...
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Sunday, July 6th, 2008
If you're entering your last year of residency, you are probably eagerly awaiting your first "real job" and the substantially higher income that comes with it. Unfortunately, many new physicians don't make the effort to create a comprehensive financial plan before they graduate. I'd recommend that you find a reliable, ...
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Thursday, June 26th, 2008
Negotiating an employment contract should not be taken lightly or done in haste. I would strongly encourage you to hire a lawyer who is familiar with physician employment contract negotiations in the same city or state that you'll be employed. That said, you need to be sure that you think ...
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Tuesday, June 24th, 2008
First, let me start by saying that you should approach your job with an open mind. Make sure to interview in multiple practice types - i.e. hospital owned practices, small private practices, large private practice groups, multispecialty groups - and in different locations. You'll find yourself better informed when it comes ...
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Sunday, June 22nd, 2008
Unfortunately for most young doctors, medical schools and residency programs fail to teach (or even mention) business management and personal finance principles. With a little planning, you can make your transition to private practice an enjoyable experience. We'll begin with tips for landing a desirable job.
Do not let physician recruiters ...
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