Business Insight presented by Arlington Dermatology Medicine and Business Many doctors regret that they picked their profession in reflection of what they wanted to do and what they actually do. Dreams of being a healer are long gone. Dreams of making a change, significant change in the world are gone too. And often dreams of making money are gone as well. There are different reasons many young people decide to pick the profession of a doctor. Some are more honorable and some less. The problem is that almost all the reasons are not followed by reality of the industry. I used the word industry' for a reason. This very profession used to be one of the most admired and respected professions. Doctors went through lots of years of schooling, practical training, and years of mastering their fields. They still do. However, often, when they receive their licenses, they have a really hard decision to make. Where and how should I practice? Many private practices, mostly represented by small number of partners or associates, are now becoming tools of private equity firms. In other words, practicing have a full answer I can tell you what helps us medicine is associated with management by financial institutions that use concepts of financial system, profits, and operations. Doctors come to the office and are being told manage our practices. We must be very careful what to do and how in order to bring money not to trust all those individuals who praise us and earn money. How much time to spend only to take over our functioning. We have to with patients and what medical supplies to use. Even though they sign off on their claims to insurances, often, they do not see what is being sent to these insurances. Practicing may require more work, more attention, more medicine has become an industry like any dedication, but it is still possible. We also must other. Except that in medicine, the product of be ready to accept a change. operation is human health. So, what should we do as doctors, to survive? What should we do to realize our honorable dreams of healers? While I do not fulfill some dreams. We need to learn not only medicine but business. We need to be open- minded when hiring our staff and when we continue learning, with no time off. And we must believe that success in medicine may still coincide with success in business. That I talk about being a doctor with sentiment Any deviation from standard of care is not of being able to help and assist my patients. welcomed by yet another'industry, insurance. Loving my job is my most important success Outdated norms, lack of progress in medical story. Coming to my office with enthusiasm research, attempts to'save'money, all of this is are very brief characteristics of the insurance system. Not paying for claims means 'savings. me and still believe in true medical practice Not covering new medicines means delivery of with abilities to serve our community and our sub-standard care with treatments that might patients, I might be one of the few who remain be obsolete. Demands of past treatment independent. Let's hope it will stay like this for documentations means more time before the a long time to come. every day is my strength. Lucky enough to have an excellent group of people who trust services get paid. We could continue listing more challenges, so frequently affecting the medical profession. Michael Bukhalo, MD Arlington Dermatology 5301 Keystone Court Rolling Meadows, IL 60008 Tel. 847 392 5440 | www.arlingtondermatology.net Business Insight presented by Arlington Dermatology Medicine and Business Many doctors regret that they picked their profession in reflection of what they wanted to do and what they actually do. Dreams of being a healer are long gone. Dreams of making a change, significant change in the world are gone too. And often dreams of making money are gone as well. There are different reasons many young people decide to pick the profession of a doctor. Some are more honorable and some less. The problem is that almost all the reasons are not followed by reality of the industry. I used the word industry' for a reason. This very profession used to be one of the most admired and respected professions. Doctors went through lots of years of schooling, practical training, and years of mastering their fields. They still do. However, often, when they receive their licenses, they have a really hard decision to make. Where and how should I practice? Many private practices, mostly represented by small number of partners or associates, are now becoming tools of private equity firms. In other words, practicing have a full answer I can tell you what helps us medicine is associated with management by financial institutions that use concepts of financial system, profits, and operations. Doctors come to the office and are being told manage our practices. We must be very careful what to do and how in order to bring money not to trust all those individuals who praise us and earn money. How much time to spend only to take over our functioning. We have to with patients and what medical supplies to use. Even though they sign off on their claims to insurances, often, they do not see what is being sent to these insurances. Practicing may require more work, more attention, more medicine has become an industry like any dedication, but it is still possible. We also must other. Except that in medicine, the product of be ready to accept a change. operation is human health. So, what should we do as doctors, to survive? What should we do to realize our honorable dreams of healers? While I do not fulfill some dreams. We need to learn not only medicine but business. We need to be open- minded when hiring our staff and when we continue learning, with no time off. And we must believe that success in medicine may still coincide with success in business. That I talk about being a doctor with sentiment Any deviation from standard of care is not of being able to help and assist my patients. welcomed by yet another'industry, insurance. Loving my job is my most important success Outdated norms, lack of progress in medical story. Coming to my office with enthusiasm research, attempts to'save'money, all of this is are very brief characteristics of the insurance system. Not paying for claims means 'savings. me and still believe in true medical practice Not covering new medicines means delivery of with abilities to serve our community and our sub-standard care with treatments that might patients, I might be one of the few who remain be obsolete. Demands of past treatment independent. Let's hope it will stay like this for documentations means more time before the a long time to come. every day is my strength. Lucky enough to have an excellent group of people who trust services get paid. We could continue listing more challenges, so frequently affecting the medical profession. Michael Bukhalo, MD Arlington Dermatology 5301 Keystone Court Rolling Meadows, IL 60008 Tel. 847 392 5440 | www.arlingtondermatology.net