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Academic v. Private Practice- Launch Your Career® for Residents and Fellows

Are there significant downsides to my earnings potential in the academic world, e.g., “hidden obligations?”

Another problem faced by many clinician-teachers is having enough time to meet their practice, research, and teaching obligations.
Read more…

As a new physician, what are the comparative compensation packages I can expect to be offered?

Most new physicians receive compensation not from salary alone, but from a combination of salary and clinical productivity.
Read more…

If I place a high premium on continuity of patient care, what’s the best career choice?

Academic physicians with multiple partners in practice might see their own patients only or rotate care within a division among several specialists.
Read more…

I’m energized by a wide-ranging case mix and control over my time. Which careeer choice makes the most sense?

The private practice ophthalmologist generally has more flexibility and autonomy to decide their individual scope of practice, malpractice, clinic schedule, and vacation times, business practices and policies, and administrative structure (e.g., human resources, hiring and firing staff, physical plant, equipment).
Read more…

I’m very risk averse and have heard goods things regarding The Integrated Delivery Systems (IDS) benefits, e.g. income guarantee, academic appointment etc. Are there any downsides I should know about?

In an integrated delivery system (IDS), the hospital and its affiliated clinics serve as the hub for care delivery.
Read more…

I’m tempted by the learning culture and case mix offered by a career in academia. But are there any significant financial benefits to choosing this over private practice?

Steven E. Wilson, MD and professor in Vision Research, and chairman of the Department of Ophthalmology at the University of Washington, Seattle,
Read more…

I’ve decided private practice is for me. Should I seriously consider solo practice over group practice?

In solo private practice your are practicing alone, without partners or other affiliations, usually with minimal administrative or clinical staff.
Read more…

If I chose to go into specialty practice, are there additional business risks beyond what I’d encounter in a primary care practice?

Unlike a primary care practice where the patient is the only customer, a specialty practice has two customers—the patients and the primary care practices who refer their patients to them. The primary care practice referral network can be the lifeline or death-knell of a specialty practice.
Read more…

On a strictly financial basis, how does solo versus group practice compare?

On average, those in solo practice did a little better than those in group practice in 2002. Solo practitioners earned an average of $345,000, up $43,000 from 2001. Doctors in group practices earned an average of $303,000, up $7,700 from 2001. Of doctors in solo practices:
Read more…

Typically, what is a clinician-teacher’s role in an academic setting?

Typically, a clinician-teacher is expected to teach and see patients. Some institutions expect some research or scholarly productivity as part of the overall effort.
Read more…

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Welcome to E-Learning

E-Learning is a collection of critical content from subject matter experts designed to enhance the return on your educational investment. With the reduction in training program hours and the increased complexity in the business of medicine, 99% of residents, fellows and young physicians report being unprepared to effectively manage the challenges of starting a career in medicine.

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    • Executive
      Search


      • Our Process
      • DE&I Leadership
      • Our Expertise
        • Child Health Practice
        • Adult Medicine Practice
      • Our Results
        • DE&I Results
        • Chiefs, Chairs & C-Suite Results
        • Subspecialty Results
      • Testimonials


    • Leadership
      Development


      • Core Leadership Competencies
        • Business of Medicine
        • Healthy Cultures
        • Clinical Excellence
        • Diversity, Equity & Inclusion
        • Education
        • Leadership
        • Coaching & Mentorship
        • Philanthropy
        • Recruitment & Retention
        • Research
      • Launch Your Career® for Trainees
      • Consulting Services
        • Succession Planning
        • Institutional Reviews
        • Coaching & Mentorship
        • Department & Division Strategy


    • Pediatric
      Insight

      • Insight Articles
      • Insight Webinars
      • Insight Conversations


    • Child Health
      Advisory Council


      • Child Health Advisory Council
      • Council Leadership
        • Bruder Stapleton, MD
        • Christine Gleason, MD
        • Craig Hillemeier, MD
        • Renée Jenkins, MD
        • Danielle Laraque-Arena, MD
        • Valerie Opipari, MD
        • Robert S. Sawin, MD
        • Arnold Strauss, MD


    • About
      Us


      • About Us
      • Our Team
      • Testimonials