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Single Specialty Group Practice |
Melissa Perkal, MD, FACS
Assistant Clinical
Professor
Yale University School of Medicine
New Haven, CT
Why Do It?
The
private practice of surgery can take place in many forms and venues;
solo practice, group practice, and large specialty practices are some
of the many options to choose from. This column deals with some of
the issues involved in choosing a group practice. First you must
review the pros and cons of joining a group, before trying to choose
the particular practice you want to join. There are many advantages
to choosing a group practice. Group practice provides an ideal way
of delivering patient care in a collegial setting that keeps you from
feeling isolated. You are not the sole financial support of the
group, and this allows for flexibility in your practice and the
natural ebb and flow of patients. Lifestyle is generally much better
in a group than by yourself. Call is shared and less of a burden.
There is more personal time with partners who can cover, and many
practices have members take a day (or half-day) off every week; there
also may be more vacation than if you were in solo practice. Since
you will generally be joining an existing group, there are not the
large start-up costs of outfitting a new office. Expenses are shared
within the group and administrative tasks are spread over several
individuals. However, the price to be paid is that there is less
individual freedom; conflicts can arise over disparity in patient
care, billing, and call. Trying to find the practice that suits you
best may help to head off conflicts.
Choosing the Practice
There are
three primary factors you need to evaluate: the people you will be
working with, the structure of the office, and the financial base of
the group. Although it may sound trite, choosing your future
partners in a group practice is something like choosing a spouse! Foremost you should like these people and feel comfortable talking
with them. In a group you often need to trust your partner's
judgment, share equally in onerous chores (like call), and talk about
difficult subjects (such as money and complications). Many states
have public databases in which information on malpractice claims
state actions against physicians can be checked; this information
needs to be reviewed for a sense of the practice and not specifics of
the cases. You should plan to meet with the group at least three
times: the first to get the sense of the people and office; the
second to talk about more details of the practice; and the third to
talk about the particulars of the employment agreement. Toward the
end of the negotiations, you may want to have a lawyer look over your
agreement.
The First Visit
The first
decision when going into practice, no matter what the form, is where
you want to be. Once you've decided on a location, it's time to look
at the details of how the practice works. The first meeting can cover
many of the day-to-day details of life in the practice. Many
practices have more than one office, in more than one community. How
many hospitals and communities do they cover? Will you have to
travel to more than one location in a day? You need to find out
what kind of hospital setting they work in (university based or
community based, for example, and with or without residents). Will
you be operating with your partners, physician-assistants or
residents? You should find out the volume of cases done in a year and
the spectrum of those cases. Will you be providing new expertise in
an area the group doesn't have, or will you be adding depth to an
already strong group? The group should have some idea of how it will
provide the cases you will be doing until you establish your own
practice within the group. As you start practice, will there be a
mentoring system in place so you can ask questions or even get help
in the OR? It's not easy when you first start, and it's good to know
who you can call on for help. A very important lifestyle question
involves the call schedule, days off, and vacations. Is the call
evenly divided, or is there a difference when you're an employee and
just starting out? How long is this differential call schedule
maintained? Will you have a day off? How much vacation will you be
getting initially, and how much can you eventually expect to get?
The Second Visit
Most well
organized practices have an office manager who coordinates the
business and personnel aspects of the group. In addition, many larger
practices have a managing partner who oversees the finances of the
group. Meeting with these individuals can often add to the picture
you are developing of the group. The group should be willing to
share financial information with you. This includes the Accounts
Receivable (AR), which lets you get an idea of how timely the billing
and collections are, as well as how busy the group is. Most groups
have accountants who prepare Quarterly Reports, which should be
available to you. You shouldn't be surprised or put off by the
possibility of having to sign a Confidentiality Agreement when you go
over the group's financial information.
Now is
also the time to explore the city
you'll be moving to. Does it have the right mix of leisure
activities, recreation, school, culture, and access to a larger
metropolis that you want?
The Third Visit
This last visit is to really find out
about the details of the financial arrangements,
including disability coverage, life insurance, and health
insurance. Besides finding out your own salary, you need to
understand how the partners' income is determined. There are many
formulas to distribute profits fairly, and you should understand how
that is done. Are the profits divided equally with some differential
for productivity, or does each partner make what they earn less the
cost of overhead? A good practice knows what its overhead is and can
give you that information. Many groups have employment agreements
that define details of the financial aspects of the practice. If
there are older partners in the practice, has there been some thought
as to how they will be phasing out of the practice when they retire?
Many practices still have a "buy in" arrangement, and you should be
very clear on how the value of the practice is calculated. There may
be a "non-compete" clause in your agreement. You need to find out
what that will mean if you later decide to leave the group but remain in the community. Additionally,
"tail coverage" should be understood. Have proof of your prior
malpractice insurance coverage (unless this is your first job from
training) so your new group can review its details and make sure you
have adequate protection. As well, learn what your coverage against
malpractice will be if you leave the group you are about to join.
Succeeding in the
Practice
After
getting as much information as you can, trust your sense of who you
will be working with to help you make that final decision, and then
look forward to a long and enjoyable practice. Once you're in the
practice you can do several things to optimize your success. Be
enthusiastic and available. Learn about billing and coding-have your
group send you to one of the many excellent courses available. Meet
the referring physicians; perhaps your group will plan a reception or
will send announcements out. Plan to spend some time with the senior
partners learning the "network;" spend some time in the physician's
lounge getting to know people. You have to be more than just a good
surgeon; you need to be a good communicator. Make sure you send the
referring physicians letters or call them with updates about their
patients. Talk with the staff (or head nurse if your group has one)
to see how you are doing. Make sure a four-month review is set up to
see if you are on track and meeting the goals the partners had in
mind for you. If you're not, you'll have time to come up with a plan
to insure your success. Most importantly, try to enjoy what you're
doing!!!
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