Understanding Compensation Models in Urologic Practice: Academics, Employed, and Private Practice

Friday, April 28, 2023

2:00 PM – 4:00 PM CST

Location: S503

Course Director(s)

RP

Raj Pruthi, MD,MHA

MD MHA FACS

Faculty(s)

Louis Kavoussi, MD

Smith Instiitute for Urology, Hofstra Northwell School of Medicine
Eugene Rhee, MD, MBA

National Chair Urology Permanente Federation
Kaiser Permanente
Rajesh Shinghal, MD

Palo Alto Medical Foundation

Course Description: Understanding your compensation is essential before accepting a job in a world of academics, private practice, and employed position (including HMO). As there are a wide variety of compensation structures for urologists, these models can dictate not only what a urologist will make in the near future, but also what the long-term opportunities may be. Different types of structures can work for different physicians, depending on the applicant’s experience, skills, and goals.

This course will prepare you to decide what type of structure is best to support your current status, expectations and long term goals by reviewing the wide array of physician compensation models, identifying the differences, and addressing critical questions that should be asked before accepting a position and/or signing an agreement. "Funds flow" models in academic medicine and their impact on compensation will also be discussed. This will include the specific issues related to the financial arrangements between various entities within an academic health system and how this may impact compensation.

Learning Objectives:

Describe the different types of compensation models in private practice, groups, employed, HMO, and academic practice.
Identify critical questions to ask before signing an agreement and ensure that model supports one's professional goals and expectations.
Explain "funds flow" models in academic medicine and how it can affect compensation, research, and education within a department.
Critically evaluate the model type offered by an employer before accepting a job to ensure that model is suitable for one's professional goals and expectations.