Benefits of Joining An Umbrella Group
Embarking on a career as a medical professional is both an exciting and challenging journey. As you begin this chapter, you may be contemplating your future practice options, and one path worth exploring is joining an umbrella group. This decision could be the stepping stone to a fulfilling and successful career. Here are some compelling reasons why you, as a new doctor, should seriously consider joining an umbrella group:
- Mentorship and Collaboration: As a new doctor, you undoubtedly have the knowledge and skills necessary to provide excellent patient care. However, there’s no substitute for experience. Joining an umbrella group allows you to work alongside seasoned practitioners, benefiting from their wisdom, guidance, and mentorship. The collaboration within the group can foster a rich environment for learning and professional growth.
- Shared Resources and Support: New doctors often face the daunting task of setting up a practice from scratch, which can be a time-consuming and costly endeavor. By joining an umbrella group, you gain access to a range of shared resources and support services, including administrative assistance, billing, marketing, and advanced technological tools. This can significantly reduce the burden of starting a practice and allow you to focus on what you do best: caring for your patients.
- Stability and Financial Security: Joining an umbrella group can provide greater financial stability and security for a new doctor. With shared costs and resources, you can avoid the financial risks and uncertainties that come with starting an entirely independent practice. This stability allows you to concentrate on patient care without the added stress of financial burdens.
- Opportunity for Specialization: An umbrella group structure may allow you to focus on your specific areas of interest or specialization. Whether it’s a particular medical specialty or a niche service, you can find support and opportunities to develop your expertise.
- Enhanced Work-Life Balance: As a new doctor, it’s crucial to maintain a healthy work-life balance to prevent burnout. Joining an umbrella group may offer more flexibility in terms of work hours and reduce the administrative workload, allowing you to enjoy a more balanced lifestyle.
- Professional Networking: An umbrella group often encourages and facilitates networking among its members. This can lead to valuable professional connections and collaborations that can enhance your career prospects and expand your horizons.
- Quality Assurance: Many umbrella groups have a strong commitment to quality care. They often implement quality improvement initiatives and provide opportunities for continued medical education, ensuring that you provide the best possible care to your patients.
Joining an umbrella group as a new doctor can offer a host of benefits that can set you on a path to a successful and fulfilling medical career. It provides a supportive environment where you can thrive, learn, and grow as a medical professional. By taking this step, you can build a solid foundation for your practice, both professionally and personally.
Ortho Florida, the umbrella group for the state of Florida, should be listed on your decision tree. Many new physicians look to hospital employment models as if that is the only future path a doctor can take. While hospitals may appear to be a safety net for new physicians, they also come with many negative attributes.
Hospital employed physicians have little control over their destiny and must meet RVU quotas that many times are unrealistic. In addition, many new physicians are unaware that their newly inked contracts contain downside risk which means if they do not meet these quotas, they will be looking at a decrease in compensation. These factors and others lead to physician burnout on the hospital hamster wheel.
Going out on your own may seem scary, but so is not controlling your own destiny. Similar to other large entities, Ortho Florida can assist with all of the necessities to set-up of your practice, and we make sure you are successful. If you would like to learn more about Ortho Florida, please email us at contact@orthoflorida.net or use the form below:
