Compensation
12 articles from the CareerMedicine archive.
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Physician Job Search: Tips and Advice
Since the physician job search is at its peak nowadays, I am posting a list of topics on physician job search, including physician employment contract etc. I hope summarizing them here will make it…
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Partnership in medical practice: Pros and Cons
Every graduating medical student has dreamt of owning a medical practice. It is the ultimate goal of becoming a physician. Why do most, if not all physicians want to own their practice. There are…
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Starting a Medical Practice: Learning Small Business
I was discussing this with a general surgeon yesterday. We both agreed that the biggest deficit physicians have is not ‘how to run a medical practice’ but ‘how to run a small business’. I believe the…
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Personal Finance for Medical Residents
Let’s take a break from ‘starting a medical practice series’. I will talk about what is personal finance and why medical residents should start taking financial responsibility ASAP. Here are the…
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The art of physician job contract negotiations
WHO SHOULD NEGOTIATE? Most the medical residents or physicians shy away from negotiations during their physician job search and would want their lawyers to negotiate with the employer. But remember…
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PREDICTION on salary trends: Family Practice
There is a shortage of primary care. and it is going to get worse as the US population reaches 50 million. Number of physician visits are directly proportional to the population. As the population…
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Contract Negotiations
Welcome to the world of business. For us physicians, negotiating seems to be trivial, too downgrading a process reserved only for self centered people, selfish enough to ask what they want. WRONG!…
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Physician employment Benefits
Compensation as a physician employee consists of salary plus benefits. You need to know what benefits you can get before you begin negotiations. If the physician employer is not willing to raise the…
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Physician Employment Contract
Ah! At last the dotted line. Hopefully by now you have the physician employment contract in your hand. This section helps you understand a Physician Employment Contract (PEC) also called Physician…
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PREDICTION on salary trends: Radiology
Radiology was an underpaid medical specialty in the early 1990s. Then came the redemption in the mid 90s. Number of imaging done in the hospital increased multi-fold. Hospitals and Doctors felt the…
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Evaluating a Physician job opportunity from a Business standpoint
1) SALARY: That is a no brainer. You need higher salary to pay off your loans and to live comfortably as well as save for retirement. Also make sure your time is adequately compensated. You are not…
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PREDICTION on Salary trends series: INTERNAL MEDICINE
Layout in the business of medicine is changing rapidly. Historically also every 8-10 years there is always a significant change in policy and market trend which makes a noticeable change in the…