Doctors often have the skills for being great entrepreneurs and they often don’t know it.  For example, most physicians have excellent abilities to research at making sure their patients are getting the most current medical information.  Docs often are great managers, overseeing an individual patient’s treatment as well as a busy practice.  They are often great managers and are a virtual Houdini at finding a few minutes to do “everything” – How else could one explain how we fit so many patients in a day?

Let’s look at typical physician qualities that can make for successful business owners:

1. Management Skills

You’ve learned how to manage both people, staff, and your own  time (and sanity, hopefully)

2. Persuasion Skills

In many different businesses, the ability to persuade is a crucial quality for business success. We’ve persuaded people all our lives in determining the correct medical regimen – a great skill to have when selling stuff.

3. Ability to think on-your-feet

As a physician, you’ve had to be able to make quick decisions at a moment’s notice, at often life and death situations. Responsibility and being able to compromise to lead to the best outcome can’t be minimized.

4. Research Skills

You’ve spent a lot of time going to conferences, attending continuing medical education courses, and then synthesizing and interpreting that for patients. This trait goes along way in explaining complex products, evaluating your competitors and understanding systems.

5. Problem solving Skills

Probably one of the most important skills.  No one needs someone to make excuses – entrepreneurs make the tough decisions, and find the quickest answer in determining a solution.

I’ve always said my skills as a marketer and entrepreneur stemmed from my understanding in medical school.  Often times its recognition of these skills, often lead to the foundations of  business success.

7 Nonclinical Physician Job Trends You Need to Know

As a nonclinical physician career coach, I get to review and scan a number of nonclinical positions that come through the pike that are available for my clients.   There is so much opportunity right now with the way medicine is today, with the Affordable Healthcare Act is going on that there is definitely a switch that is going on and how physicians are utilized.

Because of that there is more opportunities for those who are ready to make the transition from clinical medicine in no particular order are some of the top seven trends we are seeing for healthcare providers ready to transition to non-clinical areas.

#1 Physician Consultants

 

I recently taught a online course about this for number of physicians. Everything from setting up your own consulting practice to advising venture capital firms and startups we envision owning a physician consultancy group or working for a company will continue to grow.

 

This is something where you are utilizing your own knowledge. It’s easy to start a business like this for relatively minimal costs with very low overhead. Whether you choose to be an independent contractor or employee this is one area that you won’t want to miss.

 

#2 Physician Writer

Aced the USMLE or MCAT? Your knowledge might be helpful to companies who provide medical test preparation every year. And because there’s new testing done every year, there’s no denying that there is lot of money spent on perfect preparatory courses. Have experience with nonprofits Or like to do research? One of the best things you can do is to be involved in grant writing proposals.

And as we now utilize the Internet for their health questions there will be a continuous need for physicians to decipher the latest research and making the information easy to understand for consumers.

#3 Expert Witness

 

If you’re a specialist this might be an area to go to. Medical malpractice attorneys are always looking for witnesses on both sides of the aisle. For those who are hankering for LA law and attorney shows this might be for you.

 

#4 Medical Director.

 

As previously mentioned the changes that are occurring in modern medicine are swift. It is now the norm that your primary care provider might be a PA or NP. Because of this fact, many states require a supervising physician is needed in lines with the state. From urgent cares to hospice to med spas depending where you live this could be a rewarding position especially for those who like to teach. It is not without its legal risks. But do your due diligence and you could be rewarded well.

 

#5 Telemedicine physician

 

For years, experts have been talking about the emergency of telemedicine. Is it now a reality? According to Silicon Valley, the answer is Yes, as A number of different apps and startup money devoted to telemedicine. The idea of seeing patients with you on your bedroom slippers sitting at home can be enticing these days, and we may be turning the corner with insurances and big businesses see the cost potential on using telemedicine. A number of websites such as telemedicine.com that’s a cater to this area and it’s going to increasingly grow in demand.

 

#6 Utilization Review Physician

Hospitals are always looking for doctors to review records and make sure they are in compliance with different with HIPAA and other regulations. Now this is something that you most companies are looking for at least five years of clinical experience.

 

#7 Physician Entrepreneur

 

My personal favorite. if something rewarding about being your own boss. Although were often times and physicians we are risk-averse taking a risk and being entrepreneur could could be recording for you for years. Those who are often May outside of burnout may also could be also due to lack of control. The something that ventures to come to think about what is the alternative if you don’t make the leap.