Starting off with Radiation Oncology Economics by Amar Rewari, MD in the LIVE ARRO Session. Great info for now and also to reference later! #ASTRO20
Physician Work (small portion), Practice Expense (high/majority), and Liability Insurance make up cost of each code. #ASTRO20
Conversion Factor 2020 36 but will be decreased down to 32 for 2021 to achieve budget neutrality, so care will be reimbursed for less next year.
Now we are getting into types of #radonc practices. #ASTRO20
Now Dr. Rewari's discusses compensation models and pros/cons of each, base salaries and bonus structures. Stay tuned for the next session to see results from 2020 Graduating Resident Survey beginning at 1:30 PM EST #ASTRO20
Now➡️how to be a well qualified private practice candidate and applying for jobs.
Once you have an offer-- what to do⁉️ Some may be less willing to negotiate, but you won't know unless you try. Be respectful and don't be short sighted. #ASTRO20
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Graduating Resident Survey is update & expansion of Practice Entry🌟Response Rate of 94%🌟
98% reported offer for full employment
1% reported entering fellowship
6% non-responders➡️full practice, fellowship, or not employed but🤷they didn't respond.
COVID impacted ~15% #ASTRO20
Median interviews 5⃣ Median offers 2⃣
Networking is 🗝️ in current job market & @ASTRO_org Career Center also helpful‼️
54% Academics, 30% Private, 13% Hospital Employed Community Practices. #ASTRO20
Now let's talk about the 💰
Median *GROUP* for year 1 $300,000-$350,000 and $350,000-$400,000 year 2 (does not rep exact median due to limitations in how data was collected- will be addressed for 2021) #ASTRO20
First up: the Job Market! @NehaVapiwala: central regulation from @ASTRO_org and others raises antitrust concerns @PottersMD: hiring calendar has been pushed back over time, increasing anxiety
Next up at the ARRO Seminar: @DrJohnSuh presents on Becoming an Effective Leader! #ASTRO20
▶️Effectiveness, Efficiency, Engagement to achieve the next level
▶️Good to Great: importance of building the right team, looking at the facts, building the right culture, humility in leadership
▶️improvement is an iterative process:
set goals ➡️review performance ➡️execute to close gaps➡️celebrate success➡️set goals
▶️be aware of the difference between managing and leading
Happening now 👉#RadOnc Resident Educational Resources Survey with @ChelainG
✅191 PGY-4 residents + 18 PGY-3 residents from 89 programs for an 81%(!) response rate (100% of programs represented)
✅programs divided into tertiles for further analysis
✅Top tertile with significantly more programs with faculty:resident ratios >1
✅No differences between % of time attendings covered
✅52% of programs without expectations of cross coverage
✅21% of programs with >12 months at required sites away from the main site
✅Top tertile programs more likely to give 12 non-clinical months, 9% of programs give <6 months