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Should I Stay Or Should I Go?
What is Private Practice?
Gary F. Tzeng, MDDupage Valley Anesthesiologists, LTD
ASA Alternate Delegate for Illinois
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Who Am I Listening To?
Started in Academia at the University of ChicagoWorked for a not-for-profit hospital in Chicago in an Anesthesia Care Team (ACT) modelChaired an Anesthesia department in a Chicagoland for-profit hospital utilizing an ACT modelNow a “partner” in a physician-only Anesthesia private practice in the suburbs
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3 Things to Remember
BE TRUE TO YOURSELFKnow your needs and desires
YOU CAN CHANGE YOUR MIND70% of physicians will change jobs
MONEY ISN’T EVERYTHINGChasing the now not-so-mighty dollar leads to a lifetime of chasing
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MYTHS of Private Practice
My lifestyle will be betterDepends on definition of betterManpower is usually lean
I cannot return to AcademiaNot easily done But our ASA President is a testament
I don’t have to do anything else except show up for work
Only if you don’t want a job for very long
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TRUTHS of Private Practice
Medicine is a businessGreater control over earning POTENTIALGreater input into the direction of the business/practiceGreater ability to choose your associatesHospital politics and economics are a part of the businessA PERFECT JOB DOES NOT EXIST
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What Should I Look For in a Private Practice?
Group Governance and CohesivenessLocation & Community demographicsIncome opportunitiesPersonal growth and development opportunitiesPractice Model
Care Team vs Physician only
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Candidates That We SeekFellowships
Non-Boarded: CV, Peds, etc.Boarded: Critical Care, Pain
PersonalityCommunication abilityTeam-player
Skills setClinical: Chief residents, work experienceNon-clinical: Leadership,business, political, administrative
ConnectionChicagolandOther members: “known entity”
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4 Things to Remember
BE TRUE TO YOURSELFKnow your needs and desires
YOU CAN CHANGE YOUR MIND70% of physicians will change jobs
MONEY ISN’T EVERYTHINGChasing the dollar leads to a lifetime of chasing
GET INPUT FROM MANYYou don’t live in a vacuum
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It’s ANESTHESIA’S FAULT
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Thank you!
Good Luck!