Exit Strategies for Senior Residents-Private Practice Models

Video Transcription

Video Summary

In this video, neurosurgeons Dr. Anne Stroink and Dr. Deborah Benzil discuss the pros and cons of working in private practice versus hospital employment. Dr. Stroink shares her experience of working in neurosurgery private practice for 29 years, highlighting the autonomy and freedom that comes with owning your own practice. She discusses the importance of having control over staff, facilities, resources, schedule, and the ability to adapt your practice. Dr. Stroink also mentions the opportunities for additional income in private practice, such as ancillary services, directorships, and joint ventures. She emphasizes the value of learning business skills and the potential for ownership in a private practice.<br /><br />Dr. Benzil, who works in a multi-specialty practice, discusses the benefits and considerations of joining a multi-specialty practice. She mentions the potential for stable ancillary income and the importance of understanding the administrative structure, reimbursement structure, reputation, and fiscal soundness of the group. Dr. Benzil also highlights the increasing role of multi-specialty practices in the accountable care organization world and the potential for these practices to offer their own insurance products.<br /><br />Both doctors emphasize the importance of finding a practice where you align with the people and culture, and making choices that will make you happy in your career.

Asset Subtitle

Presented by Ann Stroink, MD, FAANS and Deborah L. Benzil, MD, FAANS

Keywords

neurosurgeons

private practice

hospital employment

autonomy

ancillary services

multi-specialty practice