When bringing another physician onboard, you have a comparatively short time to judge her qualities and make a decision that will affect your practice for many years to come.
Who hasn’t seen a movie where the groom is standing at the altar awaiting his bride -- a lovely woman with a veil over her face -- and he asks himself, “Do I really know this person? Am I making a mistake?”
He’s not alone. Many others have asked that same question and later concluded that they did indeed make the wrong choice.
The same is true when you bring another physician into your practice. As in dating, a physician will put his best foot forward. You’ll have a comparatively short time to judge his qualities and make a decision that will affect your practice for many years to come -- for better or for worse. And once you have made your choice, you must live with his inherent strengths, weaknesses, and idiosyncrasies. Sometimes the match is “made in heaven,” while other times it’s made in a more southern zip code. How can you tell which way it will go before it’s too late?
Here are some ways to minimize your chance of a mismatch:
Note that once you have chosen the “right” physician to add to your practice, your work is still not done. Just as a good marriage needs attention to thrive, there are important steps to take to ensure that an initially good professional match doesn’t go sour:
Hopefully, after you take these steps you will be able to add not only a physician, but a future partner in your business, and perhaps even a personal friend -- a goal worthy of careful relationship-building.
Robert Lamberts, MD, is a primary care physician with Evans Medical Group, in Evans, Georgia. He is board certified in internal medicine and pediatrics and specializes in the care of adults, pediatrics, diabetes, high blood pressure, asthma, preventative medicine, attention deficit disorder, and emotional/behavior disorders. Dr. Lamberts serves on multiple committees at several national organizations for the promotion of computerized health records, for which he is a recognized national speaker. He can be reached at rob.lamberts@gmail.com.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.