Going (or Going Back) Into Practice: What to Know! (2023 AMW) Session
2023 AAO-HNSF Annual Meeting & OTO Experience
PROGRAM DESCRIPTION: While starting a practice, taking a new position, or transitioning to a different practice type or location is a common step in an Otolaryngology career, this remains a daunting proposition and one that we are often ill-prepared for. Many of the practice management decisions we have to make are outside our expertise and comfort zone. We present a lively discussion of the key issues that will help make your practice transition a success.Pick your practice: private practice, academic, large group/employed model, locum tenens.Prepare for the hassles: EHR, rates and terms, Prior AuthorizationsFill your exam rooms (and keep them full): personal branding, reputation management, focus on serviceUnderstand the essentials of getting paid: RVUs, revenue cycle, coding, MIPSCreate the right culture for your practice: vision, engagement, and team cultureMake every second count: lessons in efficiencyUse experts to help build and protect your practice: attorneys, accountants and brokersThis Panel Presentation will illuminate major topics an Otolaryngologist needs to understand to start a practice, join an existing single- or multi-specialty clinic, or accept an academic position. Presenters have extensive experience in private practice, group practice, and academic medicine, and will give their perspectives on building a successful career in Otolaryngology.OUTCOME OBJECTIVE 1: Learn practical steps to identify professional practice options for Otolaryngologists finishing residency or fellowship or transitioning mid-career.OUTCOME OBJECTIVE 2: Weigh benefits and risks of academic appointments, private practice opportunities, employed positions, and Locum tenens assignments.OUTCOME OBJECTIVE 3: Access resources that help you discover practice opportunities and develop a plan for success in your new position!BACKGROUND STATEMENT: This topic is an identified gap in Business of Medicine/Practice management. There is a dearth of good information for Otolaryngologists who are transitioning out of training or an undesirable career.