Career Transition - Major Physician Concerns, Part II

Path to Swan Lake - 2022

Grand Teton National Park, WY

Professional Matters 

Your end of career transition is a new challenge we all face. It affects physicians in common and unique ways. This includes personal, professional and medical practice matters.

This article provides an overview of major professional considerations. A previous article discusses the rationale and benefits of undertaking proactive, preparation. More to the point, it includes the question of when and how to begin. I encourage you to review it as it presents the foundation for this and subsequent articles that I’m confident you’ll find very helpful.

The Big Picture…in Part

There is a very close association between your personal and professional concerns that you must identify and consider as you begin to prepare. There may be some overlap, but on close consideration, it becomes apparent that there are substantial differences. 

These are common, significant issues for you to consider. It’s not a complete list and presented in no particular order of importance. Feel free to add your personal considerations.

Professional Matters

1. Professional relationships 
2. Continuing education
3. Registrations and licenses; federal, state, local
4. Regulatory entities notifications
5. Gradual vs. complete transition
6. When to begin to plan 
7. Timing of execution
8. Professional insurance policies
9. Transition of patient care, notification, access to records
10. Your access to medical records

Plan and Prepare

I encourage you to embrace the need to be prepared sooner rather than later. Every bit of time and effort will accrue to your direct benefit and family. This will empower you to have a transition experience that will lead to renewal and fulfillment as you avoid unnecessary stress and preoccupation.

PS: Would you like to learn more about how to prepare yourself and your practice for the end of career transition? You may be in solo practice and wish to carry out a succession or outright sale; perhaps you are in group practice or are otherwise employed. I provide consulting/coaching services that are tailored to your specific needs. Click here to request a complimentary introductory conversation.

Swan Lake - 2022

Grand Teton National Park, WY