Business Planning, Types of Practice Arrangements
This module will guide you through the process of defining a vision for your practice, explore the various types of practice arrangements available to you, and discuss how to develop a plan for achieving your vision.
LeaderProfessional
- Describe the type of practice you intend to offer.
- Outline the pros and cons of various types of medical practice business structures.
- Explain the concept of incorporating a medical practice.
- + more...
Professional Obligations
As a family medicine professional in NL, you will be required to obtain and maintain licenses and memberships with a number of organizations governing the practice of medicine in the province. This module will highlight these organizations and discuss the process of obtaining the necessary credentials.
LeaderProfessional
- List the license and membership requirements for practicing medicine in Newfoundland and Labrador (NL).
- Summarize the requirements for obtaining a medical license in NL.
- Outline the process for applying for required memberships.
- + more...
Setting Up Office Space
Selecting your physical office space is one of the most important elements of setting up a new practice. Where should you locate your clinic? How should you design the interior space? What supplies do you need? This module will explore some of the key considerations impacting these decisions.
LeaderProfessional
- Discuss some of the considerations for choosing an appropriate practice location/space.
- Identify supplies and equipment needed for a new primary care practice.
- Describe the financing options available to secure office space and equipment.
- + more...
Employee Management
Having the right personnel on your team can help your clinic focus on patient-centred care, help you realize your vision and values, and allow you to focus on your practice of medicine. This module will outline some of the processes involved in recruiting and managing your team.
LeaderProfessional
- Identify and recruit staff needed for your practice
- Manage the performance of staff members
- Ensure team members communicate effectively
- + more...
Technology in Practice
Delivering effective health care is an information intensive activity. The use of technology to help manage this information can reduce cost, improve productivity, and enhance patient access. This module explores some of the key technology systems you may want to consider for your practice.
LeaderProfessional
- List the typical technology systems used in medical practice in NL.
- Summarize the rules for the collection, use and disclosure of personal health information as defined by the Personal Health Information Act
- List some of the threats to IT systems and data and discuss potential strategies to help mitigate these risks.
- + more...
Managing Your Practice
To build a successful and sustainable family medicine practice, you need to think about your practice as a business. This module explores some of the processes for managing your practice’s revenues and expenses.
LeaderProfessional
- Outline the key business management systems required for a successful practice.
- Describe how to set up a billing system to book revenue for your practice.
- Discuss why an accounting/bookkeeping system is critical to your practice.
- + more...
Transition to Retirement
You’ve spent years developing your practice and building relationships with your patients and your team. As you begin to consider transitioning from active practice to retirement, it is important to take the time to plan for how you will assess the options for dealing with your practice and prepare your business, patients, team, and medical files for this transition. This module will explore some of the options for transferring or closing your medical practice, as well as discuss some of the professional and legal responsibilities for physician’s transitioning out of active practice.
- Outline the steps involved in finding a physician to take over your practice.
- Describe how to transfer the care of your patients to other physicians.
- Discuss how to close down your practice, if required.
- + more...