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  • How to Increase the Number of Primary Care Physicians
  • 5 Things to Keep in Mind When Negotiating Your First Employment Agreement
  • What To Do (and Not Do) When You Are Sued: Ten Tips for the Physician Defendant
  • Academic vs Private Practice Ophthalmology
  • What Are Good Goals?

CPArticles are a vital tool in the evolution of your career journey. Designed to offer perspective, answer questions and formulate thoughts, these articles have been compiled and written by leading media outlets, Professors, Chief Residents, medical staff as well as contributions from CareerPhysicians' staff members.

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  • National Practitioner Database Use

    The world of medicine is changing rapidly and as a new physician entering the marketplace you should become keenly aware of and familiar with two nationwide databases that have been created over the last several years. They are - • The National Practitioner Data Bank (NPDB), and • The Healthcare Integrity and Protection Data Bank (HIPDB) Both of these databases were compiled as part of an integrated initiative to respond to ...
  • Selecting a Financial Planner

    Selecting a Financial Planner As a trained medical specialist you know that seeking professional help with critical health needs is always advisable. So, when planning for your near and long-term personal and professional financial health, you should also seriously consider seeking the advice of a trained professional - a chartered financial planner. What Sort of Investor Are You? Before starting your search for a financial planner, you first ...
  • Medical Practice Financial Statements

    The biggest career decision you will make following your medical training and medical career management will likely be joining a medical practice. A practice is a small business and you will be entering the business of medicine. Very likely you will have business partners in this enterprise. As with any investigation into a business's financial health and stability, you must perform a rigorous analysis of the practice's finances and ...
  • How to Purchase a Medical Practice

    The current state of the healthcare industry has created an extremely dynamic and sometimes unpredictable marketplace for private practices across the U.S. If you're considering buying into this volatile market you'll need to be rigorous in assessing the true and transferable value of any practice you're analyzing for potential purchase. You'll likely seek out trusted professional help to ensure that your purchase agreement is ...
  • Networking for success

    NETWORKING FOR SUCCESS A Primer for Residents in Training By Welsey Millican When it came to the practice of medicine, Jennifer Lee* was tops in her class at Howard University and was one of the most prized staff members at the University of Virginia Medical Center. But by the end of her residency, Dr. Lee found herself at a loss when it came to determining what to do next. Although pursued by several key research hospitals, Lee thought ...
  • Mentoring

    Mentoring By Wesley Millican The word mentor comes to us from Mentor who, in ancient Greek myth, was the counselor to Telemachus, the wandering son of Ulysses. Today, the typical mentor relationship is perhaps somewhat less exotic, but no less important to a young professional’s successful training if the mentorship is healthy and well managed by both mentor and mentee. In this CareerPhysician article we explore the qualities and ...
  • Medical Practice Management: Finance-Key Concepts

    Introduction While many important non-financial considerations contribute to a decision regarding a practice opportunity, this component of the Tool Kit will focus on key financial concepts. The purpose is to provide: (1) an introduction to medical practice financial concepts; (2) insight into key issues related to group practice financial performance; and (3) probing questions to better understand the financial potential of an opportunity. In ...
  • Physician Compensation Formula Scenarios

    Physician Compensation Formula Scenarios Equal Sharing Some groups base shareholder compensation on an equal sharing methodology. There are some variations, but generally in an equal sharing arrangement, profits are shared equally among shareholders. Of course, this methodology does not reward high producers in the group or hurt low producers. It may work for certain groups, but generally it results in disagreements over time when one or more of ...
  • Strategic Employment Contract Negotiation Tips

    It's a Process There are four, sequenced stages to any successful employment contract negotiation : the pre-agreement process writing the agreement negotiating the agreement closing the deal At each stage in the process you'll want to exert as much control and project as much confidence as possible while keeping a positive, good faith posture throughout. From a broad strategy perspective, this approach will greatly enhance your ability ...
  • Employment Contract Negotiation Tactics

    In a companion Career Physician article , we offer a range of suggested tips and strategies for managing the process of a successful e mployment agreement and physician contract negotiation . Our approach in that article was a broad, strategic overview of employment agreement negotiations. In this article we focus more specifically on the actual negotiation itself, offering tactical advice on how to get the best deal you can. Dealpoints ...
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