Before you quit residency, consider these 3 questions

Monday, December 31, 2012

Every week, I seem to get a few emails from disgruntled residents who want to quit. They don't enjoy clinical medicine and they want to get out ASAP. Of course, many are burdened by significant loans and others feel that they would have nothing else they could do if they didn't pursue a career in medicine.

I always ask people to consider the following:

1. Financial stability: If you quit now, do you have a financial plan that will get you through the next 3, 6, 9, and 12 months? For most, it's resorting to family resources. For others, it's living off of a spouse's income or tapping into savings. Have you examined your budget?

2. Maybe you're in the wrong residency: Have you considered a different residency program or a different specialty? If you're currently dissatisfied or disgruntled, maybe you'll be happy at a different program. No 2 programs are alike. Maybe you're just in the wrong program, around the wrong people, in the wrong place in the country, in the wrong type of hospital...

3. Predicting the future: Will you regret the fact that you never completed your residency? Even if you never plan to practice clinical medicine, there are career benefits associated with being board-certified and by having an active medical license. Do you know what they are?

Of course, there are about 20 other questions you'll need to ask before you seriously think about quitting. Questions like: How will this impact my colleagues? What type of letter will my program director write? How will my family respond?

9 tasks of leadership by Gardner

Friday, December 28, 2012

Some 20 years ago, John Gardner outlined nine “Tasks of Leadership” in an essay that is still highly relevant today

According to Gardner, the nine tasks of leadership are:
  1. Envisioning goals
  2. Affirming values
  3. Motivating
  4. Managing
  5. Achieving a workable level of unity
  6. Explaining
  7. Serving as a symbol
  8. Representing the group externally
  9. Renewing
Want to read the entire paper? Leadership Papers/2, March 1986, sponsored by Independent Sector. Available at: http://www.pkal.org/documents/Vol4TasksOfLeadership.cfm

18th International Forum on Quality and Safety in Healthcare

Thursday, December 27, 2012

Are you looking for an excuse to visit London? Don't miss the 18th International Forum on Quality and Safety in Healthcare.

2013 Forum Theme:  Improve Quality, Reduce Costs, Save Lives
When: 16-19 April 2013
Where: London

Now in its 18th year, the International Forum is an annual gathering of healthcare professionals in quality improvement and patient safety. The International Forum supports and energises the movement for healthcare improvement. This four day event connects healthcare leaders and practitioners worldwide to improve outcomes for patients and communities.

CEO of Novartis shares a 30-Second MBA Insight (Fast Company)

Wednesday, December 26, 2012

Fast Company has an online series of short video segments titled "30 Second MBA"

In this clip, you'll hear Joe Jimenez, the CEO of Novartis share his insights:

Yale School of Management Leadership in Healthcare webinar

Thursday, December 20, 2012

The Yale School of Management Leadership in Healthcare is hosting a webinar to provide information for any prospective students who may be interested in their MBA program:

Date: Thursday, January 24, 2013
Time: 12:00pm to 1:00pm EST
Duration: 1 hour

Register here.

The Leadership in Healthcare program recruits professionals from across the healthcare industry to study the fundamentals of business and leadership and how to apply them to the unique challenges in the healthcare industry.

Learn why this MBA experience is like no other. Visit: mbae.som.yale.edu

Clinical Quality Fellowship Program

Wednesday, December 19, 2012

The United Hospital Fund offers a Clinical Quality Fellowship Program for early- and mid-career physicians and nurses with the specific purpose of helping them to lead and champion quality improvement and patient safety efforts within their hospitals.

Through an intensive 15-month training session, regional leaders in health care quality teach the fellows proven tools and techniques to improve the quality, efficiency, and safety of patient care within their institutions. Participating fellows then bring their new knowledge, skills, and strategies back to their institutions, where they are prepared to take on leadership roles and act as agents of change. Co-led by the United Hospital Fund and the Greater New York Hospital Association, the program is intended to create a lasting infrastructure supporting quality improvement in the greater New York area.

Learn more about the Clinical Quality Fellowship Program.

SCORE ExpertAnswers on writing a business plan

Monday, December 17, 2012

Every business needs a business plan. We don't write business plans in medical school. Some doctors who have creative business ideas never get the opportunity to explore them because they don't identify a viable business model.

SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship.

SCORE ExpertAnswers is a free service they provide and this one answers key questions like:
  • Why is the process of developing a business plan as valuable as the plan itself?
  • What are the risks of attempting to build a small business without a business plan?
  • What’s the key to making projections with a higher level of confidence?
Read the "Master Your Business Plan" on Score.org

The Economist-InnoCentive Entrepreneurship Challenge

Thursday, December 13, 2012

InnoCentive and The Economist are teaming up to identify business ideas that will deliver real-world impact and economic growth to people around the world by exploiting some disruptive new technology or disruptive applications of an existing technology. Frugal innovations are especially encouraged. Submit your innovative business idea!

Finalists will be given a unique opportunity to present their business plan to business leaders and venture capitalists at the Ideas Economy: Innovation event in Berkeley, California, USA on March 28, 2013, where they will compete live on-stage in the Tiger’s Den session. One representative for each plan chosen as a finalist will receive travel expenses and admission to the event. In addition, the overall winner of the live Tiger’s Den session will receive an honorarium of $2000, video promotion of the event on Economist.com, and publicity for the winning solution in appropriate Economist Events communiques, plus an official meeting (phone or in person) with members of the Ideas Economy programming team to discuss ideas for venture capital.

Learn more about this challenge here.

Dell Launches Center for Entrepreneurs #DellWorld

Tuesday, December 11, 2012

Do you plan to start a business in 2013? Here's a snippet from a press release from today about the Dell Center for Entrepreneurs:

Dell today launched the Dell Center for Entrepreneurs, under the leadership of its Entrepreneur in Residence Ingrid Vanderveldt, a community designed by and for entrepreneurs. Building on Dell’s entrepreneurial heritage and spirit, the Center for Entrepreneurs creates a gateway to knowledge, solutions and opportunities for growing businesses. Founders at all stages of growth are invited to join this community to access:
  • Resources: Assistance in identifying capital through Dell Financial Services and the Dell Innovators Credit Fund helps businesses of all sizes access the credit and leasing they need to invest in technology to fuel growth. Also included: webcasts, videos and case studies from Dell and industry experts.
  • Expertise: Building on what Dell has learned through its entrepreneurial journey, the Dell Social Innovation Challenge, Dell Women’s Entrepreneur Network, and Dell Founders’ Club are cultivating a vibrant community of entrepreneurs who connect with one another for new sources of financial and human capital, knowledge and markets.
  • Solutions: Featuring entrepreneur success stories showing how businesses of all sizes and at all stages leverage cloud computing, virtualization, mobility, and data insights to differentiate from the competition, better serve their customers and grow.
Empowering the next generation of entrepreneurs

Following every economic downturn, entrepreneurs have emerged to create new businesses that jumpstart the global economy. According to a recent report by the Technology CEO Council (TCC), which Mr. Dell chairs, companies that use IT more effectively, especially for data driven decision making, show higher productivity and profitability than average companies.

Coursera has begun Career Services

Coursera is an online platform that offers higher education courses from top-tier universities like Stanford, Princeton, U Penn, Columbia, and more. The courses are free, plus you'll have a chance to interact with the faculty. You won't get a degree from completing courses on Coursera, but you may receive some type of documentation indicating that you've completed certain courses. There are some great business/management courses on strategic innovation, business strategy, finance, etc.

Now, Coursera has begun Career Services with the goal of helping Coursera students find great jobs! Meeting great companies just got easier. Just go to coursera.org/account/careerservices and fill in your profile to opt-in to the service. After you opt-in, we will share your resume and other information you provide with selected partner companies who will introduce themselves if there’s a match.

A similar online education platform was developed by MIT and Harvard: edX

Doximity Fellowship Program

Friday, December 7, 2012

Doximity is the largest and fastest growing professional network for physicians. With over 100,000 members, partnerships with some of the most prestigious medical institutions, and a host of workflow and career building tools, Doximity is dedicated to supporting physician productivity.

Doximity’s Fellowship is designed for physicians who are rising stars in their fields and passionate about the intersection of healthcare and technology. As fellows, you will gain insight into the power of entrepreneurship and technology in healthcare, engage with physician thought-leaders from across the country, and leave your own mark on healthcare. Your involvement will directly impact how Doximity meets the needs of U.S. physicians.

Learn more about this opportunity here.

Physician Refresher/Re-Entry Course at Drexel

Thursday, December 6, 2012

Are you a physician who wishes to return to active clinical medicine after an extended leave?

Drexel University College of Medicine offers an innovative program for physicians wishing to return to active clinical practice, enhance their focus or area of interest, or prepare for admission to U.S. graduate medical education training programs.

Drexel Medicine® Physician Refresher/Re-Entry Course utilizes the College's excellence in medical education and instructional technology resources. The program includes on-site and distance-learning modules, which may be taken in sequence or independently.

Learn more about the Physician Refresher/Re-Entry Course at Drexel here.

National Association of Seed & Venture Funds (NASVF)

Wednesday, December 5, 2012

The National Association of Seed & Venture Funds (NASVF) is an international membership organization that advocates for the growth of seed and early-stage innovation capital. NASVF connects the people in the world of venture capital and regional economic development. We collaborate with public and private fund managers and tech transfer professionals, the folks who are committed to building their local economies by investing in entrepreneurs.

Learn more here: http://www.nasvf.org

ACPE, ACMPE, ACHE where the E = Executives

Tuesday, December 4, 2012

Recently, I've received a number of questions from people who find themselves a bit confused by these similar acronyms where the AC = American College and the E = Executives. Let's take a look at these 3:
  • ACPE = American College of Physician Executives
  • ACMPE = American College of Medical Practice Executives
  • ACHE = American College of Healthcare Executives
ACPE is the nation's largest health care organization for physician executives — doctors who hold leadership and management positions. Founded in 1975.  http://acpe.org

ACMPE merged with Medical Group Management Association (MGMA) in 2011 to form the MGMA-ACMPE.  http://www.mgma.com

ACHE is an international professional society of more than 40,000 healthcare executives who lead hospitals, healthcare systems and other healthcare organizations. Founded in 1933. http://www.ache.org

Attending the mHealth Summit

I'm in Washington DC attending the mHealth Summit. As always, there are plenty of innovative companies and startups here showcasing their latest gadgets, apps, and health solutions. This year, I'm particularly excited about the Global Health track that will focus on the use of mobile technology to deliver healthcare in developing countries around the world.

I'll be posting on these 3 sites over the next few days:
http://www.medicineandtechnology.com
http://www.medicalsmartphones.com
http://www.mobilehealthcomputing.com

You can follow my updates via Twitter @DrJosephKim. The official Twitter hashtag from the conference is #mHS12

Penn Medicine Academy Emerging Leaders Program

Monday, December 3, 2012

Penn Medicine Academy's Emerging Leaders Program identifies managers and supervisors who exhibit strong performance and potential and provides them with information and learning opportunities to enhance their leadership skills and prepare them for broader leadership roles within Penn Medicine.

The year-long program selects Emerging Leaders through Penn Medicine’s Talent Dialogues. Currently, 58 Emerging Leaders from across Penn Medicine are participating in the program.

The Emerging Leadership curriculum combines a unique format of bi-monthly, half-day classroom courses to transfer specific knowledge and leadership skills with monthly virtual discussions. The small cohort groups of six to eight participants explore the practical application of leadership principles to each participant’s unique work challenges. A business case for discussion supplements the virtual cohort sessions. Carefully selected leadership readings provide additional material for cohort discussions.

Learn more about the Penn Medicine Academy's Emerging Leaders Program here.

McKinsey: opportunity to get first-hand exposure for MDs and PhDs

Author: Riley Alexander, MD, MBA

I recently sat in on one of McKinsey's MD/PhD recruiting webinars (featured previously by Dr. Kim here) to get a better idea of how MDs work in the firm explore what top-level management consulting firms like McKinsey are looking for when recruiting MDs. It appears that they plan to increase their hiring of MDs in the coming years and as such, are increasing opportunities for interested candidates to become acquainted with the field and the firm. This new opportunity is simply called "MD Rotation" and is a 4-week/1 month internship at a McKinsey office that allows you to shadow a team involved on a project. I'm not sure how involved you would be (if at all), but it provides a great opportunity for those interested to see what the field entails and if it might be for them--not to mention, network with current consultants.

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