Monday, February 22, 2016

Best interview technique....Quick read!


This not related to medicine, physicians, or the finance of medicine. This is just a story about a guy in business that teaches what really matters!



How would you react? Charles Schwab CEO tells how he interviews job candidates over breakfast - and makes the restaurant mess up their order to test their reaction

·        Walt Bettinger shows up early and promises a good tip for the mistake 

·        He said it's a way to see how prospective employees deal with adversity 

·        Bettinger wants to see what's in their 'heart' instead of their head  






When a restaurant messes up your order, what do you do? 

That answer could determine whether you get a job at Charles Schwab, CEO Walt Bettinger has revealed.

Before taking job candidates on a breakfast interview, Bettinger shows up early and asks the restaurant to purposely mess up the order, with the promise of a good tip in exchange.


Bettinger says that he's most concerned about a prospective employee's character, and this is a test to see how they deal with adversity, he told the New York Times

'Are they upset, are they frustrated, or are they understanding? Life is like that, and business is like that,' he explained. 

'It's just another way to look inside their heart rather than their head.' 

And the heart is what Bettinger is trying to understand, asking candidates about their greatest successes in life before he offers them a job at the brokerage and banking company.



'What I'm looking for is whether their view of the world really revolves around others, or whether it revolves around them,' he said. 

'And I'll ask then about their greatest failures in their life and see whether they own them or whether they were somebody else's fault.'  

Bettinger revealed in the same interview that it was one of his last college exams, which ruined his perfect 4.0 average, that reminded him how important it was to recognize the people 'who do the real work'. 



After spending hours memorizing formulas for calculations, a young Bettinger showed up to find that the text was merely a blank sheet of paper. 

'The professor said, "I've taught you everything I can teach you about business in the last 10 weeks.'

'But the most important message, the most important question, is this: What's the name of the lady who cleans this building?' 

Bettinger didn't know. He failed and got a B in the class.

'That had a powerful impact,' he said. 'Her name was Dottie, and I didn't know Dottie. I'd seen her, but I'd never taken the time to ask her name.' 

'I've tried to know every Dottie I've worked with ever since. It was a great reminder of what really matters in life.'  

Thursday, February 4, 2016

2015 Physician Salaries- Some are up, most are down!


While some physician compensation packages are increasing most are decreasing!

Take a look!

Regional Differences

The Northeast and Mid-Atlantic states had the lowest average physician salaries at $253,000-$254,000, while the best paying region was the Northwest at $281,000.

"The top earning states are North Dakota, Alaska. Pay tends to be lower in major metropolitan areas where there are more doctors competing for jobs.

Orthopedic Surgeons

Orthopedics remained the top-paying medical specialty for the third year in a row. The Medscape survey found orthopedists earned an average of $421,000 for patient care in 2014.

In addition, orthopedists earned more than any other type of physician for non-patient care activities such as speaking engagements, product sales, and serving as expert witnesses -- another $29,000 a year, on average.

Cardiology

Cardiology was the second-highest paying medical specialty in 2014, with average compensation of $376,000 for patient care plus $19,000 in non-patient care earnings.

While medical specialties like this remain lucrative, Kane says the economic incentives in medicine are shifting.

"Everything is happening because all of the efforts to lower the cost of health care to society and keep Medicare payments down," she said. "There's an effort to move from fee-for-service, where a doctor gets paid for each visit or procedure, to different types of payments structures like bundled payments for episodes of care. So for example if a patient is in hospital for heart attack, and lots of doctors work on that patient, many people are involved, but the hospital gets one payment for that patient and that has to be divvied up among many people."

Gastroenterology

Gastroenterology moved up a notch to #3 on the list, with average compensation of $370,000 for patient care and another $14,000 in additional earnings.

Anesthesiology

Anesthesiologists made an average of $358,000, making this the fourth-highest earning specialty on the list.

Plastic Surgery

Plastic surgery rounds out the top 5 highest paying specialties, with average earnings of $354,000 for patient care and another $26,000 for non-patient care activities. The specialty has steadily moved up from tenth place on the list five years ago.

Family Practice

Down towards the bottom of the list, family medicine practitioners remain among the lowest paid physicians, averaging $195,000 a year. However, they've seen an increase of about 10 percent since 2013.

"Because of the Affordable Care Act, there was a 10 percent bonus in Medicare payments to primary care physicians, basically to help elevate their pay because they expected a lot more patients going into the system once the exchanges were set up," Medcape's Leslie Kane said. "But primary care pay is still down there, it's still one of the lower paying fields."

Pediatrics

Out of 26 medical specialties surveyed, pediatrics was the lowest paid, with an average compensation of $189,000.

Regional Differences

The Northeast and Mid-Atlantic states had the lowest average physician salaries at $253,000-$254,000, while the best paying region was the Northwest at $281,000.

"The top earning states are North Dakota, Alaska -- they're trying to get doctors to come there," Kane said. Pay tends to be lower in major metropolitan areas where there are more doctors competing for jobs.