By Melissa T. Berhow
Life After Residency: A occupation making plans Guide is an insightful, step by step advisor to attaining a winning and pleasing profession in drugs. As professors at Stanford collage scientific middle, Drs. Melissa Berhow, William Feaster, and John Brock-Utne started operating seminars to propose their citizens not just on making a curriculum vitae and touchdown an excellent activity, but in addition on how you can deal with pupil mortgage funds and stay away from pitfalls within the lifetime of a doctor. The colossal good fortune and resulting call for for extra seminars finally gave upward thrust to Life After Residency—a e-book which maintains the seminar discussions in better intensity and significance, whereas conserving a conversational writing kind.
Other key themes lined include:
- Preparing for a task interview
- Evaluating activity bargains and negotiating contracts
- Obtaining and holding the correct nation license
- How to use for club onto clinical Staffs
- Obtaining malpractice assurance
- Buying a home and making an investment for eventual retirement
- Advice for non-medical profession options
Loaded with sage suggestion and sensible knowledge, Life After Residency is a useful asset to each resident throughout the transition from residency to existence thereafter.
Read Online or Download Life After Residency: A Career Planning Guide PDF
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Extra info for Life After Residency: A Career Planning Guide
50 EVALUATING THE OFFER To determine the actual buy-in value of the practice, you take all of the objective values listed above, especially actual values such as accounts receivable and physical assets of the practice, and add this to the present value of cash flows from other business sources and excess practice income. You then divide this by the number of owners and get a number for the value per share of ownership. Then compare this to what you are being offered as a buy-in amount. If it’s less than your calculation, then you’re getting a good deal from a financial perspective.
If it’s less than your calculation, then you’re getting a good deal from a financial perspective. If it’s more, you’re buying the privilege of working with the group; it’s goodwill, the tenuous value of any contracts and any other benefits ownership affords you. COMPENSATION SYSTEMS The amount of your starting salary is one of the issues of your new employment most likely to be negotiated. The system under which it is paid is less likely to be open to negotiation. To understand what an offered salary really means, you need to understand basic compensation systems and the benefits included in that salary.
If you call from a cell phone, make sure you are someplace where you have good reception and will continue to have good reception. ’’ doesn’t instill confidence. Call during reasonable business hours and be cognizant of different time zones. You may be asked to call back during non-business hours so your employer has some time to chat but the initial call/page should be between 8 am and 5 pm. Take notes as you go. This shows you were paying attention and allows you to have a more effective interview.