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Physician Transition Plans: Proactive Planning for Physician Slowdown and Retirement

Physician Transition Plans: Proactive Planning for Physician Slowdown and Retirement

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What to do when physicians want to go part-time or reduce on-call Speaker: Deborah Walker Keegan, PhD

Many of today's physicians seek to reduce their work hours, take less call, or increase vacation. It is important to be proactive and develop a plan to address these requests so that both the physician and practice know what to expect when physicians elect a work schedule that differs from the norm. In this audio conference, we discuss the need for a formal transition plan for your practice. We encourage you to examine your philosophy regarding physicians who elect work slowdown or retirement. For example, is a transition work schedule a " "right" " that each physician has or is it a " "privilege" " that is to be earned? We present the three phases of transition plan development and help you understand the impact a change in the physician's status has on governance, on-call schedules, income distribution, and physician compensation. Sample transition plans are presented and discussed so that you have the tools you need to craft a transition plan that is right for your practice!
Key Objectives:

  • Understand the need for proactive planning for physician transition arrangements.
  • Understand the difference between a physician compensation plan and a physician transition plan.
  • Examine whether transition is a " "right" " or a " "privilege" " in your medical practice.
  • Learn the three key phases of transition plan development.
  • Recognize the key elements to formally address in a transition plan, including the impact of transition on governance and physician status, on-call schedules, income distribution, and fail-safe provisions.
  • Review sample transition plans to help you craft a plan that is right for your practice.

Meet Our Expert Speaker

Dr. Deborah Walker Keegan is a nationally-recognized consultant, keynote speaker, and author. She is President of Medical Practice Dimensions, Inc. and a Principal with Woodcock & Walker Consulting. With more than 25 years of experience, she helps health care organizations improve medical practice operations, enhance physician and staff productivity, and align physician compensation systems. She has co-authored four best-selling books: one on physician compensation plans, two on physicians billing and revenue cycle improvement and one on staffing strategies for the medical practice. She earned her PhD at the Peter F. Drucker Graduate School of Management and her MBA at UCLA.