MD's Life Cycle Flashcards
An internship takes how long?
One year
A physician’s personal development is ___________ with his professional development.
Inter-related
A doctor who works hard and diligently builds a strong practice and reaps the rewards is a basic attitude under:
Independent practice
It is when valuable experience and battle stories stem from:
Internship
What are the characteristics of a medical student?
Give unsolicited advice to anyone who’ll listen
Familiar w/ popular consultants
Choose line of practice accdg to role models
He’s primary interest is money. He provides good service but his interests are in making a living from medicine.
Business man in medicine
Puts Px first and who’s primary interest is service. Usually does not charge for certificates & has a koyal following.
Medicine man in business
T or F: in setting up practice, traditionally, young physicians would join an established practitioner.
TRUE
It gives satisfying independence & disquieting isolation.
Solo practice
Sources of conflict for challenges of group practice:
Financial arrangements & distribution of profits
Disparity between partners’ earnings
It offers the advantages of professional association such as access to diagnostic equipment or ancillary service, benefits of an office staff and more structured on-call arrangements:
Group practice
What is the best arrangement for the challenges faced in group practice?
Share expenses rather than profits
T or F: medical practice of <10 years are already earning substantial incomes.
TRUE
You will stand at the peak of your earning capacity by:
10-20 years after graduating
They tend to focus on acute illness and emergency room work:
Newly qualified MD
