What Docs Don’t Get Taught in Medical School: Physician Business Training
Self-paced and on-demand, this 7-hour course teaches physicians the essential business concepts they need to succeed in a variety of medical practices.
One-time purchase. No subscription fee. Awards 7 hours of CME credits.
WHY THIS IS THE COURSE FOR YOU
Most physicians are expertly-trained clinically, but undertrained in business. This shortfall can have serious consequences on physicians’ quality of life and compensation, and the effective running of medical practices.
What is the cost of under- or over-documenting? How and when can you make the case for a new investment? How would your life change if you were in a privately-owned physician practice vs. a practice run by private equity? What about an academic facility, a rural clinic, or a full-risk capitation model?
Did you know that your first-year guaranteed salary may change to a productivity model based on wRVUs in year two? What are the compensation and cost-of-living disparities between hot and cold markets? Do you have the data and skills to negotiate or renegotiate your contract?
These are a few of the concepts the expert presenters of this course will discuss.
WITH THE PURCHASE OF THE COURSE, EVERY TRAINEE ALSO RECEIVES
- A proprietary starting physician compensation report by your region and specialty, developed by the leading provider of physician compensation data in the medical practice industry – MGMA
- a PDF eBook with concept recaps and definitions
- 7 hours of CME credit
- Practice Models and Business Entities
- Insurance Reimbursement Models
- Coding and Documentation
- Understanding Physician Compensation. Includes one proprietary Starting Salary data report from MGMA
- Physician Contracting and Negotiations
- Practice Financial Performance and Profitability
- Personal Finance for the Physician
“The root question that shapes the language of business is “How do we make more money?” Whereas the root question that shapes the language of the art and science of medicine — the native language of physicians — is “How do we heal patients?”
The best way to learn the native language of business is to spend time talking with a native speaker who wants to help you learn. That’s what this course is all about.”
MD, MMM, FAAP, FACMPE
President and CEO – Medical Group Management Association (MGMA).
MEET YOUR INSTRUCTORS
The instructors for this course come from healthcare administration, law, finance, physician services, and data analysis. All of them recognized that the quick but comprehensive business education of physicians was–until now–and unmet need.
Medical Group Management Association
Jonathan K. Leer
Johns Hopkins School of Medicine
Johns Hopkins School of Medicine
Hall, Render, Killian, Heath & Lyman, P.C.
Senior Director, National Sales
Vice-President, Member Product Development
Director of Data Product Development, MGMA
FACMPE, CPC. Practice Management Consultant
About the Course
This course is for early-career physicians or physicians who need a comprehensive understanding of the business of medical practices. The course is 7 hours long and broken into 9 modules. It was developed by Medical Group Management Association (MGMA) and leaders from Johns Hopkins University School of Medicine. The course includes a proprietary starting salary report by region and specialty developed by MGMA, the leading provider of compensation benchmarks for medical practices. It may be purchased by individuals and organizations. This course awards 7 hours of CME credit.
MGMA is the Medical Group Management Association. Founded in 1925, it is one of the most venerable associations in healthcare. MGMA is the industry’s leading aggregator and provider of data on physician compensation, productivity, and more, and their training and leadership wings are relied upon by tens of thousands of healthcare leaders every year.
Would you like to bring this training to your residency program or practice?
Residency and Fellowship Program Administrators
Use this comprehensive course to differentiate your program and send your young physicians off on solid footing…and with an armload of CME credits. When they are better-prepared for business than even more established physicians, they will feel it and they will thank you.
Blog and More Resources
Learn more about what physicians need to know about the business of medicine.