Video Library Helps You Start Your Practice
If you're worried about all that comes with starting a practice, the Texas Medical Association can help calm your fears. TMA has created the Resident Video Library featuring eight on-demand educational videos that offer vital information you need to make the many important decisions required. What decisions? How about:
- Choosing between a solo practice or working for someone else,
- Who to hire,
- Deciphering the liability insurance maze, and
- Marketing a practice.
In short and engaging videos, TMA Practice Consulting's Vanessa Madrigal shares her expertise. Feedback on possible subjects from Resident and Fellow Section members at the 2013 TMA Winter Conference helped develop the videos.
Starting a new medical practice with the right people, processes, and structure is the key to the success of any new practice. In response to requests from resident physicians and residency programs, TMA Practice Consulting has created a program to help residents make critical decisions about getting started in medical practice.
A Resident's Guide to Starting a Medical Practice is a two-hour seminar conducted at your facility by TMA's practice consulting staff. All costs for program development, on-site consultant time, and printing and mailing costs are supported by educational grants from the companies that have enjoyed a mutually beneficial relationship with TMA over the past few years.
Contact TMA Practice Consulting at (800) 523-8776 to schedule a date.
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RFS to Fill Council Positions at Fall Conference
Resident and Fellow Section (RFS) Executive Council elections are on the agenda for the RFS business meeting during the TMA Fall Conference Friday and Saturday, Oct. 18-19, at the AT&T Conference Center in Austin. The meeting will begin at noon on Saturday in Room 101 of the conference center.
The RFS meeting is just one of the many events on the Fall Conference agenda.
The Saturday conference session begins at 7:30 am with a Dawn Duster session on TMA's new Physician Services Organization.
The General Session begins at 8:45 am with remarks by TMA President Stephen Brotherton, MD. Sen. Ted Cruz (R-TX) will follow with an update on issues in Congress.
Next on the agenda will be a panel discussion on Protecting the Patient-Physician Relationship. Panel members will State Reps. Susan King (R-Abilene), Sarah Davis (R-Houston), and Nicole Collier (D-Fort Worth).
The session ends with a recap of the 2013 legislative session by Evan Smith, chief executive officer and editor-in-chief of The Texas Tribune.
You can get your flu shot and other vaccinations recommended for health care professionals at the conference. Physicians and their families, medical students, and office staff can get a vaccination Saturday from 7:30 to 8:30 am. The event is sponsored by TMA's Committee on Infectious Diseases and TMA's Be Wise — ImmunizeSM. Flu shots, including the new quadrivalent vaccine, and flu mist will be available. You also can get a Tdap (tetanus, diphtheria, and pertussis) or MMR (measles, mumps, and rubella) vaccination. The costs are flu shots, $27; quadrivalent vaccination (limited supply), $40; FluMist, $40; Tdap shots, $80; and MMR, $105. Be sure to reserve your vaccination when you register for the conference.
Be Wise — Immunize is a joint initiative led by TMA physicians and the TMA Alliance, funded by TMA Foundation through generous grants from H-E-B and TMF Health Quality Institute. Since the program began in 2004, more than 235,000 vaccinations have been given to Texas children, adolescents, and adults.
Be Wise — Immunize is a service mark of the Texas Medical Association.
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McNew Award Nominations Sought
Nominations are open for the 2014 J.T. "Lamar" McNew Award, which recognizes a physician who has provided outstanding service to the Resident and Fellow Section or residents in general.
Nominations are due Jan. 17. The winner will be honored at TexMed 2014 in Fort Worth.
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Unified MD-DO Accreditation Proposal Fails
After nearly two years of negotiations, a venture by allopathic and osteopathic groups to merge their separate accreditation systems for graduate medical education (GME) into a joint system fell apart in July. The Accreditation Council for Graduate Medical Education (ACGME), American Osteopathic Association (AOA), and American Association of Colleges of Osteopathic Medicine (AACOM) said they failed to agree on a plan for unification.
The move would have consolidated the nation's 10,000 GME programs — 9,000 allopathic and 1,000 osteopathic — under one roof, the ACGME, and created a common pool of residency slots, competency expectations, and standards for GME programs.
Medical education leaders viewed the collaboration as an opportunity to improve the quality and efficiency of GME programs, although the threat of losing some residency programs and slots in such a merger was a concern.
ACGME CEO Thomas J. Nasca, MD, called the disagreement over the joint accreditation system "regrettable," adding that "efforts to achieve that system were sincere and in furtherance of quality of health care for the public."
AOA and AACOM representatives said they "believe strongly that the health of the American public will benefit from a uniform path of preparation for the next generation of physicians," but also "remain strong in protecting the identity and distinctiveness of the osteopathic medical profession."
All three organizations indicated they remained open to continued discussions.
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Nominate a Local Journalist for Outstanding Health Reporting
Have you read, heard, or seen a great health news story this year? If so, take a moment now to nominate it for a TMA Anson Jones, MD, Award.
This is the first time members of the TMA family can nominate journalists for the Anson Jones awards, which recognize excellence in health journalism in Texas. Nominating one or two of your local journalists is a great way to enhance your relationship with the media and encourage continued health news coverage.
The Anson Jones competition recognizes print, broadcast (television and radio), and online media, plus a Texas Health Journalist of the Year Award. Physician-reporters also are recognized with the Physician Excellence in Reporting category. So nominate your colleagues’ outstanding journalism, too.
It’s easy to nominate your local journalist. The official entry deadline is Jan. 15, 2014.
If you have questions, call Tammy Wishard, TMA Outreach Coordinator, at (800) 880-1300 ext. 1470, or (512) 370-1470, or email firstname.lastname@example.org.
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AMA Meets in Baltimore
The American Medical Association Resident Fellow Section interim meeting will be Nov. 14-16 in Baltimore. Please contact your Section Coordinator at RFSInfo@texmed.org if you would like to attend the conference as a Texas delegate.
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AMA Starts Mentoring Program
The American Medical Association has started a mentoring program for practicing physicians early in their careers to be mentors to members of the AMA Medical Student, and Resident and Fellow sections.
AMA says the program will allow young physicians, residents, and students to share information on enhancing career advancement; on advocacy, professional, or research interests; and on an enriched experience in organized medicine.
What You Need to Know About Employment
One of the biggest decisions a young physician has to face when starting his or career is whether to work for someone else or open a solo practice. TMA has a new publication, A Comprehensive Guide for Physician Employment, that will help you make that decision.
It will help you decide if employment is the right path for you, take the guesswork out of negotiating and accepting an employment relationship, and leave you confident in your direction as you move forward with your career.
This publication is a must-read for all residents and fellows so they can learn the challenges and advantages associated with the business side of medicine and make an educated decision for their career path. It is also an invaluable resource for any physician who is starting a practice, selling a practice, or thinking about making a career move toward employment.
This guide covers in detail:
- The risks, benefits, and other considerations of an employment decision;
- Traditional employment relationships versus newly invented relationships with institutional employers;
- The pros and cons of employment by hospital-sponsored entities;
- Compensation models, restrictive covenants, handling of medical records, and health and liability insurance; and
- The sale of a medical practice to an institutional employer, including such aspects as valuation, deliverables, and liability.
As you consider your options and before you sign an employment agreement, be sure to read this information-packed guide so that you can have the upper hand!
Residents and fellows can buy the guide at a discounted rate of $25. Discount codes are: TMAEMPLOY for hard copy or TMAEMPLOYPDF for the PDF copy.
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Stays informed about issues affecting medicine today and connect with colleagues via the RFS Facebook page at www.facebook.com/TexasResidents, or via Twitter at www.twitter.com/TexasResidents.
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