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Understanding Business Arranagements


Discovery Resource # ST-11
Resource Topic: Type of Practice
Planning Tools: Survival Tool
Career Phase: Learn
Description: Which business model are you best suited for?
Description:
Physicians typically practice in one of five business models. Each models has its strengths and weaknesses and each can impact compensation, opportunities for growth; and personal or professional development opportunities.
Objectives:
  • Learn about the five different business models, their strengths and weaknesses.
  • Identify and utilize indicators on which model may suite them best in their practice of choice.
Author: Todd Skertich
Todd Skertich, founder & director of content at Adventures in Medicine; creator and author of Career and Life Planning Guidebook for Medical Residents; Career and Life Planning Workbook for Medical Residents; and creator of PhysicianCareerPlanning.com

Todd is the managing partner of Arlington HealthCare (AHC), a physician placement firm, and has helped facilitate more than 10,000 physician interviews, completed over 2,000 permanent physician placements and negotiated over $500,000,000 in physician compensation.

In addition to receiving a bachelor's degree in Business Administration from Indiana University, Todd completed an intensive study at Purdue University on Napoleon Hill's Keys to Success: The 17 Principles of Personal achievement, including “Definiteness of Purpose.” He utilizes these principals extensively in coaching new residents and helping physicians with their job searches.