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How do you educate your residents/fellows on "life in medicine" topics (finances, contracts, debt, etc)?

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2 Answers

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We have a few different methods. Our department administrator has developed a two-part program in which he explains finances at the department and institution level. Faculty are also invited to attend (faculty development) and they show up in good numbers. Both residents and faculty always have very good questions proving they are paying attention and interested in the topic.

Other personnel in the department's business administration present a series on billing and coding which dovetails with presentations about dictating reports.

Alumni in private practice offer to present that aspect (as opposed to academic practice) of the profession and we schedule lecture time for them. Other alumni present on topics like job searching.

In radiology, Dr Yousem has developed a "Business of Radiology" webinar series that we use during orientation.

For contracts, we have outside consultants who have a long history representing/consulting with our trainees. They (there are three different groups) usually have a lunch-and-learn session.
answered Jun 13, 2016 by sheSEZ (1,150 points)
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We have Institutional Grand Rounds covering these topics.



January 21, 2016 – 12:15pm Medical School Auditorium (C 1-400)

Establishing a Physician Practice

Steen Trawick, Regional Medical Director, Sound Physicians

Everything you need to know from A-Z on starting your own practice.

March 17, 2016 – 12:15pm Medical School Auditorium (C 1-400)

Contract Negotiations

Dr. Phillip Cole   

          How to reach an agreement – you get what you negotiate.

May 19, 2016 – 12:15pm Medical School Auditorium (C 1-400)

Practicing Defensively (Malpractice and Disability Insurance)

Medical Malpractice/Identifying and Managing Risks; Brian Landry, JD

Disability Insurance; Robert Redstone

July 21, 2016 – 12:15pm Medical School Auditorium (C 1-400)

Debt Management & Financial Planning

Debt Management; Andrea McKnight

Financial Planning; Fred St. Clair, VALIC Financial Advisors

September 15, 2016 – 12:15pm Medical School Auditorium (C 1-400)

EM Documentation and Pay for Performance (Documentation/Coding/Billing)

Kim LeBlanc, ACS

Submitting accurate data and receiving reimbursement.

November 17, 2016 – 12:15pm Medical School Auditorium (C 1-400)

Medical Ethics

Dottie Hubbard, PhD, RN

          Touch points for caring for patients.

answered Jun 13, 2016 by mdave3 (250 points)