Life After Residency (eBook)

Life After Residency 2
Preface 6
Acknowledgments 8
Contents 9
Finding the Right Fit 11
Choosing the Right Location 11
Practice ‘‘Fit’’ 14
Practice Types 14
Government Practice 14
University Academic Practices 16
Prepaid Group Practice 16
Private Practice Options 18
What Can I Expect as a Salary? 19
Getting Ready for the Job Search 23
Why a Curriculum Vitae? 23
What’s in a CV? 24
The Cover Letter 26
Letters of Reference 28
Identifying Practice Opportunities 29
Popular Resources for Job Searches 29
Alumni Networks 29
Association Meetings 30
Residency Program Faculty 30
Online Postings 30
Professional Publications 30
Recruiters 30
Regional Hospitals and Clinics 31
Co-residents 31
Real Life Job Search Examples 31
Staying Close to Home 32
Geography 32
When You Need Not One but Two Jobshellip The Couples Match 33
Faculty Network 33
Locums Tenens 33
The Cold Call 34
Things to Do 35
Things Not to Do During the Cold Call 36
Timing Your Job Search 37
The Interview 38
Handling Difficult Questions 40
Preparing for a Variety of Questions 41
Anesthesiology 46
Pediatrics 47
Internal Medicine 48
Surgery 52
After the Interview 52
Evaluating the Offer 54
Evaluating the Group 54
Buy-In 56
Compensation Systems 59
Benefits 60
Comparing Compensation Offers 62
What Else Can You Expect to Negotiate? 63
Employment Contracts and Other Documents 65
Medical Staff Credentialing and Privileges 69
Credentialing 69
Obtaining Privileges to Practice 72
Obtaining and Maintaining Your Medical License 75
Obtaining Your License 76
Maintaining Your License (Recertification) 76
Drug and Alcohol Issues 78
Malpractice Insurance 80
Premiums Vary by State 81
Other Determinates of Malpractice Premiums 82
Other Malpractice Insurance Issues 83
How Do You Choose a Malpractice Insurance Carrier? 84
Financial Planning for the New Practitioner 86
Who Are the Sharks? 86
Insurance 87
Real Estate Investments 91
Paying Off Student Loans 93
Contributing Pre-tax Dollars Toward Retirement 94
The Basics of Investing 95
Keeping Up with Inflation 96
Cash Investments 96
Bonds 97
Stocks 98
Mutual Funds 99
Exchange Traded Funds 100
Sample Portfolios 101
Dollar-Cost Averaging 103
How Do You Find a Financial Advisor? 103
Some Take-Home Points for Financial Planning 104
Careers Outside of Clinical Medicine 105
Preamble 105
What Are Some of the Common Reasons People Consider a Job Outside of Clinical Work? 106
How Do You Find Something Else to Do Outside of Clinical Medicine? 109
Part Timing It 110
Medical Administrator 110
Industry 111
Research 114
Outside of Medicine Altogether 114
Get Creative, Be an Entrepreneur 115
Examples Abound 116
Appendix 117
Appendix A Sample Physician CV 117
Heidi Eisenhower 117
Post-graduate Training 117
Education 117
Professional Experience 117
Professional Societies 118
Awards Received 118
Publications 118
Outside Interests 118
Appendix B Job Search Timeline Worksheet 118
Appendix C Sample Timeline - Months prior to anticipated practice start date 120
Six Months 120
Five Months 120
Four Months 120
Three Months 121
Two Months 121
One Month 121
Appendix D State Medical Boards 122
Index 129