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.
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Networking is by far the most effective way to find a practice opportunity that is a good fit with both your skills and personality. About two-thirds of all positions are filled through networking, because it only stands to reason that employers would prefer to hire someone referred by colleagues they know and trust.
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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.
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Introduction
In order to effectively evaluate a practice, the operational structure and daily operations of the office must be understood.
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Regardless of where you are in your medical career management, just starting residency, taking on the role of Chief Resident, starting a medical fellowship or starting in a new practice,
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Introduction
If there is an opportunity to become a shareholder in the group, inquire about whether or not there will be a “buy-in.” A buy-in is a financial purchase by a new partner to become a shareholder.
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Overview of Personality Assessment Tools
Organization development professionals, marriage and family counselors, and psychologists all use a variety of assessment tools to determine how individuals process information.
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Is there a “buy-in” to the group to become a shareholder?
Once you determine if you will have an opportunity to become a shareholder in the group, inquire about whether or not there will be a “buy-in.” A buy-in is a financial purchase by you to become a shareholder.
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The biggest medical career decision you will make following your medical training 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.
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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.
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