This session will discuss the most pressing factors for junior faculty, new graduates from residency and fellowship and their concerns with transitioning to independent practice. Audience response systems will be utilized during this presentation to assist with real life vignettes faced by the panelists. During the course of the presentation, several pressing issues facing junior faculty will be addressed to help with the transformation into an attending lifestyle. Financial concerns such as student loans, retirement savings, and buying into practice play a significant role in physician stress. Additionally, several programs require the ability for new hires to develop and build programs within the competitive healthcare marketplace. Navigating the political waters out of residency requires negotiation skills, financial intelligence, and vision - topics covered in this session. By being placed in these rolls without training, these factors increase physician stress and lead toward physician burnout at a young age. Additionally, physician burnout leads to increased turnover within a practice and may stunt growth of a younger physician. By participating in this session, participants will be able to evaluate their own current financial, practice, and emotional lives with new strategies to implement in their own lives.
- Evaluate and analyze financial concerns junior faculty and residents/fellow face when entering practice.
- Analyze financial 'traps' younger physicians have issues escaping as they progress in their careers.
- Discuss programmatic building opportunities to suit clinical interests of younger faculty members.