Resource Library

What would happen to your patients if you could no longer practice medicine? Will your practice continue after you retire? What will happen to your staff or your colleagues? Every business owner and professional, no matter how passionate about a career, will eventually leave. Planned and unplanned life events such as retirement, death, physical or cognitive disabilities — or maybe a career change to teaching or writing — can trigger your departure from medicine. Developing an exit strategy will help you make business decisions that lead to a well-planned exit while also preparing for unforeseen circumstances.

Balancing personal and family time with your responsibilities as a physician may be one of your biggest challenges, especially if you are a self-employed physician in a solo or small practice since time off can mean no income for you and your staff. If you have wrestled with striking a balance between running your practice and having time for yourself and your family, there’s hope. Hiring a locum tenens during your absence may provide a solution that will allow you to take time off work to re-energize both body and mind and return to work with a renewed focus and sense of purpose without a negative financial impact.

In 2017, sexual harassment claims dominated news coverage and social media forums. Claims of sexual misconduct and harassment have certainly clouded — if not ended — the careers of once powerful and publicly respected celebrities, and the #MeToo movement has encouraged and empowered many ordinary people to come forward with their stories of being harassed and treated inappropriately. The healthcare field is not immune to claims of sexual harassment.

Typographical errors are not just a concern for fastidious grammar geeks and English teachers. They can have a real impact on your business and your reputation. They can suggest a carelessness that might reduce your credibility, and could result in factual errors that could have practical implications. Understanding a bit about how the brain processes written words—coupled with some simple proofreading tips for business professionals—can help prevent these problems.

The decision to begin a business philanthropy effort as part of your practice is a very personal one, both in the desire needed to take it on and in the causes you select. But if you’re a practice owner, it’s also a business decision because you need to be mindful of how it will impact your bottom line. Cash donations add strain to already tight budgets, and even organized volunteering is likely to take up some of your staff’s time to coordinate sign-ups, rally the troops, and select organizations to work with.