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May 2, 2012

Action items for new physicians to learn business skills

Group of people and communication network concept. Human resources. Teamwork of business. Partnership.

Ready to jump-start your business skills on your own? Try these steps first.

Read these books

Mastering Patient Flow by Elizabeth Woodcock; Secrets of the Best-Run Practices by Judy Capko; Getting to Yes by Roger Fisher, William Ury; Management Lessons from Mayo Clinic by Leonard Berry and Ken Seltman; Harvard Business Essentials.

Model business decisions with spreadsheet tools

(A book like Excel 2010 for Dummies provides a good foundation in using spreadsheets.) Considering starting your own practice? Be sure you can model everything.

Build a circle of trusted advisors

Seek expert counsel before signing employment or partnership contracts from a lawyer and/or consultant with clear experience reviewing similar documents.

Use Facebook to network

It’s the best way to learn about it and prepare to use it with patients. Subscribe to medical blogs, and start commenting on stories that interest you.

Excercise marketing manners

Develop a thank-you/follow-up system for everyone who helps you with patient referrals or career advice or opportunities.

Just start networking!

Search LinkedIn and Yahoo! Groups for undergrad and med school alumni lists. Join your specialty’s association.

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