Defining Ideal Practice
The Importance of Defining Your Ideal Practice Opportunity
Forty percent of physicians leave their first practice within 5 years after signing. This is costly from both a professional and personal perspective. Although physicians leave for a variety of reasons, the one most easily addressed is that of unfulfilled expectations. In our experience, when physicians take the time to define what they desire in a practice opportunity, understand their personal trade-off scale, and systematically compare offers, they are less likely to make such a costly mistake.
Understanding your personal objectives, values, and goals is critical to defining your ideal practice opportunity.
- Objectives: Your objectives should be the broad direction you want for your life. A good objective should guide you in the right direction. Consider setting objectives for your personal development, your family, your professional development and your standard of living. When considering a practice opportunity, ask yourself, "Does this help meet my personal and professional objectives?"
- Values: Your values guide how you move toward your objectives. Values could include things like honesty, fairness, integrity, spirituality, loyalty, and compassion. Consider your values and how they apply to your life. When considering a practice opportunity, ask, "Does this opportunity follow the same values that I consider important?"
- Goals: Goals are specific steps you make in order to reach your objectives. Goals are marks for achievement, and should be consistent with the objectives and values you have set for yourself. Consider defining separate professional and personal goals, that act as stepping stones toward your objectives. When considering a practice opportunity, ask yourself, "Does this move me closer to achieving my goals?"
By carefully identifying your ideal practice opportunity, you can avoid positions that will result in dissatisfaction.