FIRST MED PRACTICE
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First MED Practice:  Learn what every Resident and Fellow must know before making their first job decision.

Prepare Yourself for Success in the Business of Medicine.
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“most physicians entering the workforce are not equipped to ask the right questions or review materials essential to making a good career decision.  First Med Practice  can be invaluable to prepare a candidate coming out of residency or fellowship to make a solid, informed decision when entering into their first medical practice.”  
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-s.M., healthcare organization president/ former hospital ceo

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Tom explains FIRST MED PRACTICE platform— https://tinyurl.com/http-bit-ly-TEllisOCTBlogCa  
FirstMEDPractice.com was interviewed by the AMERICAN ASSOCIATION OF NURSE PRACTITIONERS recently, discussing how the FirstMED platform can be utilized by Nurse Practitioners as they prepare to enter the job market.  For this stimulating conversation, click on this link.— ​https://bit.ly/39l2Yax
Listen to his October Blog Cast— http://bit.ly/2Qaa5Ms

Based on twenty-five years of experience representing physicians and working within medical practices, First MED Practice will provide you with a “deep dive” into analyzing each job opportunity and employer.  You’ll make sure no specifics about your pending relationship are overlooked, no question left unanswered.
—Pursuing your dream to become a physician may have been one of the most difficult things you have done.
—If recruiters are contacting you it’s time to carefully plan your transition to your first practice.
—You’ll  have multiple job offers.  But there’s a lot more to planning your future more than just reviewing an employment contract.
—Learn how to apply a detailed, analytical approach to your first job decision just as your education has trained you to take toward patients.
          Tom Ellis, founder of First MED Practice, will guide you in analyzing your
           opportunities, so you’ll be confident you’ve made an informed decision

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“Tom helped me navigate a significant career change as I established a private practice. He sourced the legal expertise necessary, did the financial modeling of the practice for the first year—which came within a few dollars of his estimates—and aided in finding and negotiating my office space and establishing my relationships with payers. He dealt with almost all aspects of my strategic planning and his knowledge of the “business of medicine” was invaluable to me.”  
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-J.L., MD/Surgeon

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Here are excerpts from two of the twelve categories FIRST MED PRACTICE addresses:
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Here are just a few of the twelve categories you will explore to help set course for your first practice:
Practice Budgeting and Planning—Credentialing.  1, 3 and 5 year budgets.  Benchmarking.  Budget to actual comparisons.
HIPAA and other complicance issues.
The Business of Your New Practice—Overhead allocations.  Evaluations.  RVUs vs. FFS.  Catchment areas.  Patient allocations.  Marketing. 
Practice governance—Where does your practice fit?  Where do you fit?  The open door policy.  Partnership tracks. 
Billing—In house vs. out.  The importance of coding.  Analyzing reports.  Negotiating payer rates.  Monitoring CMS and payer changes.
HR and it’s importance.
The Clinical Setting—Mentoring.  Reports and how to analyze them.  Quality measures.  Virtual care.  Quotas.
​Payer Analyses and Relationships—Where your money comes from and how to maximize it.  
​The Importance of Staff Relationships—Productivity and patient satisfaction.

                   And a complete a list of 70+ important questions you must ask as part of any employment negotiation.

The first step you take in transitioning to your medical practice is one of the biggest one you may ever make.  
​First MED Practice will guide you to make sure there are no questions left unanswered, all details are covered and documented, and that you know exactly where your first step is leading you in your career.
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“when i started out it cost me almost $10,000 to learn the lessons necessary to run my first practice.  First med practice provides you with all of what I learned, and more.”  
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R.B., surgeon/medical school professor

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​eBook price:  $400.00 
Click here to access
the First Med Practice E Book  ​
You receive all 12 modules, and any updates posted to the contents for a period of one year after purchase.  Cell phone, iPad, computer friendly.  Includes a phone conference with Tom.

​Click here to access the First Med Practice E Book ​
INVEST IN YOUR FUTURE.
Email me today for more information at tellis@ellisandassoc.com 
© 2022 Ellis and Associates
  • Resident/Fellow Empowerment
  • Positioning Doctors for Success
  • About the Founder
  • Medical Practice Start Up
  • Functional Medicine
  • Blog
  • First Med Practice E book