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This PRESENT lecture is brought to you
by the generous sponsorship of
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Practice Options for New Practitioners
by John Guiliana, DPM
CEO, S.O.S Healthcare Management Solutions
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A strange
phenomenon occurs in residency programs around the country this time of the
year. The graduating resident simply cannot be located, “You just missed him”,
”I think he’s following up on that wart removal”.
What accounts
for this odd behavior? PANIC!!! Running around like a chicken without its
proverbial head. In just a few short months these nervous residents will be
entering the podiatry job market, and they tend to be unprepared.
"What should I
do? Join a practice? Start my own? How much income will I need? Is there any
hope for me in this very tough medical economy?"
As a service to residency
programs nationally, PRESENT Courseware brings you John Guiliana, DPM, one of
the podiatry profession's treasures. Dr. Guiliana never fails to brings a sane,
organized approach to his talks on the business side of podiatry practice.
In this first lecture that he has done for PRESENT Courseware, he discusses the
numerous opportunities that a practitioner will encounter when approaching the
end of his/her formal education, and the beginning of his/her life as a
podiatric businessperson.
The possibility of
associateships is explored along with the usual expectations of physician
employers. Dr. Guiliana takes us through the structure of an associate contract,
the forms of compensation, and valuation techniques. What is good will, tangible
versus intangible assets?
Perhaps purchasing a practice
is more of what you have in mind. Do you think you can replicate the revenues
that are in the books kept by the seller? Dr. Guiliana helps you understand what
to look for, how to protect yourself, and how to keep that tax bill low. Is
there a way to buy into a practice without using any of your own money? Have you
ever heard of Compensation Differential? Do you have the guts to start
your own practice? Can you learn what is involved in due diligence and in
creating a business plan?
Whatever you do, seek out
professional help, and pay attention to the great advice given to you by one of
the very best sources, John Guilliana, DPM.
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