The business of anesthesiology

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James G. Cain, MD, MBA, FAAP Director, Perioperative Medical Services Director, Trauma Anesthesiology Children’s Hospital of Pittsburgh of UPMC Visiting Associate Professor, University of Pittsburgh Past President, International Trauma Anesthesia and Critical Care Society Past President, West Virginia Society of Anesthesiology The Business of Anesthesiology Life after Fellowship

Transcript of The business of anesthesiology

Page 1: The business of anesthesiology

James G. Cain, MD, MBA, FAAPDirector, Perioperative Medical Services

Director, Trauma Anesthesiology

Children’s Hospital of Pittsburgh of UPMC

Visiting Associate Professor, University of Pittsburgh

Past President, International Trauma Anesthesia and Critical Care Society

Past President, West Virginia Society of Anesthesiology

The Business of Anesthesiology

Life after Fellowship

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Where are we and how did we get here?

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What is important to me?FamilyCareerGeographyMoney

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ContractsSalaryScheduleBenefitsMed MalNon-competeLeavingStaying

Partnership

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Salary1099W2Pay increasesPerformance

bonuses

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BenefitsHealth insuranceDisability insuranceRetirementWork related

expenses

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ScheduleCallVacationNon-clinicalCompensation

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Non-competeLegal?GeographicDuration

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Medical MalpracticeOccurrenceClaims made

Tail

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Leaving the practiceWith cause

Loss of medical licenseInability to secure

malpractice insuranceLoss of hospital staff

privilegesConvicted of a felony“Failure to act in best

interest of group”Cure

Without causeNotice

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StayingPartnership?

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Dr. Chester L. Karrass

You don’t get what you deserve, you get what you

negotiate!