THE LEARNING CENTRE

Every industry has been grappling with the issue of burnout. As described by the Maslach Burnout Inventory, burnout is characterized by emotional exhaustion, depersonalization, and a decreased sense of personal accomplishment. Physicians seem to be...

Every practicing physician has thought about retirement, particularly in this unprecedented Covid era. Between 2017 and 2021, there has been a 9% drop in psychological well being. In fact, 49% of working Canadian MDs had “high levels of emotional exhaustion”...

Buying into a medical practice as a Partner or working as a non-owner Associate are both valid options for MDs who are joining a clinic. While both have their pros and cons, ultimately the decision will depend on your long-term personal and professional...

As a medical specialist, one of the biggest decisions you will face coming out of your fellowship is whether to start your own solo practice or to join an established multi-physician group practice. We will go through the pros and cons of each, and at...

The start of your independent medical career can be packed with stressful financial decision making. How much should I spend to start practicing? Should I buy a home or continue to rent? Should I be paying off debt or starting to invest?

A Better Cardiology (ABC) practice has been providing great patient care to the community for 20 years. The 2 Cardiologists at ABC see patients and offer diagnostic testing. The total revenue of ABC is $1 million per year. Based on the stability and location...

Your practice is likely your largest financial asset, but do you treat it as such? While we plan the transition with our current potential partners, we have found that many physicians have overlooked the strategic value...

In this first of a series of posts, I would like to discuss the lack of mentorship that community-bound specialist MDs receive during their time in medical school, Internal Medicine residency and subspecialty fellowship...

A Common definition for an MSO is as follows: An MSO provides services to the medical and healthcare industries by managing administrative duties such as human resources, payroll, employee benefits, and compliance...