PracticeLink Magazine

Summer 2017

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

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Diversity and inclusion are in our DNA. Since 1837, Rush University Medical Center in Chicago, Ill., has welcomed a diverse population of patients, employees and students. Our history is a proud and progressive one that includes graduating the nation's first African-American physician and being named a "Leader in LGBT Healthcare Equality" in the Healthcare Equality Index (HEI) Report six consecutive times. Explore how you can join a team of faculty and physicians who believe diversity and inclusion are powerful, uniting forces. Visit JoinRush.org. 22  S u MM e R 2017 PracticeLink.com amount of time in a health shortage area, and, in exchange, they pledge a certain amount of loan forgiveness each year (up to a certain number of years). For example, you may have $30,000 of your loans forgiven for up to five years, resulting in $150,000 of your loans being repaid on top of what you pay out of your own salary. Similar to military service, this type of loan forgiveness requires the physician to be willing to live somewhere that is most likely unfamiliar, so it is important to consider whether it's more important to you to live in a certain location or to pay off your debt faster. NEGOTIATE FOR EMPLOYER STUDENT LOAN PAYMENT Your opportunities for loan repayment are not strictly limited to government programs. Many employers are now offering loan repayment as incentives to get physicians, especially new ones, to sign with them. This is a benefit you can negotiate in your contract. It's similar to the p S l F in that you typically promise to work for a number of years in exchange for annual loan repayment. This is a good option for those who intend to stay in a location for an extended period and find that the workplace meets their needs. Accumulating significant debt is inevitable for many physicians. Though it's stressful to think about paying it off, you have options to ease your burden. Whether it is sitting down with a professional to hash out your repayment plan or participating in a debt forgiveness program, there are avenues through which you can pay down your debt and secure your financial freedom. Ideally, you will also keep a pulse on your loans throughout your medical education and training and, as much as possible, minimize the use of loans for unnecessary expenses. ● Cortney Ikpe, MBA (cortney@resolvephysicianagency.com) is vice president of Physician Relations at Resolve Physician Agency (resolvephysicianagency.com). Win! Find your next practice—and enter to win a $500 gift card—at PracticeLink.com/Win.

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