Transcript School of Medicine Business Development Program

School of Medicine
Business Development Program
Session 1:
What choices do you have when you
finish training?
August 25, 2009
Outline
• Overview of the Business Development
Program
• Careers in Medicine
– Introduce Panel
– Academic Medicine
– “Non-traditional”
– Private Practice
Business Development Program
• Goal is to provide greater exposure to nonclinical aspects of medicine
• Monthly discussions on various topics:
– Financial
– Practice Management
– Policy
Our Panel
• Dr. Luci Leykum
– UTHSCSA SOM
• Dr. Bradley Kayser
– Pasteur Medical Associates
• Dr. Lon Smith
– South Texas Oncology and Hematology
Academic Medicine
• Most faculty are engaged in multiple activities
• Traditionally, 2 types of faculty:
– Clinician Researchers
– Clinician Educators
• More recently, more tracks:
– Clinician Administrators
– Clinical faculty
Academic Medicine
• Hierarchical Progression
– Hired into a department
– Clinical Instructor
– Assistant Professor
– Associate Professor
– Professor
• Expected criteria for promotion
• Tenure / Non-tenure tracks
Academic Medicine
• Pros:
– Variety
– Teaching
– Interaction with colleagues
– Work with underserved populations
– Part of a multi-specialty integrated group
• Cons:
– Pay is typically less
– Competing demands
“Non-traditional” options
• Health care is 17% of our GDP!
• Development
– Drug / device development
• Financial
– Investing
– Venture capital
• Consulting
• www.dropoutclub.org
Private Practice /
Discussion