1. ©2014 MFMER | 3375858-1 MSK/Sports Medicine in Private vs Academic Practice Jonathan Finnoff, DO Medical Director, Mayo Clinic Sports Medicine Center, Minneapolis, MN Professor, Department of PM&R, Mayo Clinic School of Medicine, Rochester, MN Team Physician: US Ski Team, Timberwolves, Lynx

2. ©2014 MFMER | 3375858-2 Disclosures I receive royalties from Demo ’ s Publishing for a text book I co- edited with Mark Harrast, MD. This book will not be discussed during this presentation.

3. ©2014 MFMER | 3375858-3 Pro ’ s Private Practice Freedom of choice Work schedule Type of patients you’ll see Services you’ll provide Vacations Conference time Support personnel Academic Practice Clinical practice More resources Access to latest/greatest treatments and technologies Large referral network, more active cross-referring between specialties More back-up Mentors/colleagues Research Infrastructure (ie: statisticians, study coordinators, labs, etc) Mentors/colleagues

4. ©2014 MFMER | 3375858-4 Pro ’ s Private Practice More personalized advertising Less bureaucracy Larger income Rewards creativity/entrepreneurship Academic Practice Education Access to/support for CME Teach med students, residents, fellows More predictable/stable income Relatively stable employment in unstable environment Better benefits package (ie: retirement plan, health/disability/life insurance, etc)

5. ©2014 MFMER | 3375858-5 Con ’ s Private Practice Less stability Fluctuating income Limited benefits Often work in isolation not Financial incentive for partners/colleagues not to refer to you Less access to CME More difficult to be involved in education and research Academic Practice Less freedom Need to get OK from department for vacation, work schedule, CME, etc Less individualized Takes time to implement change (ie: large bureaucracy) Less income, and less ability to influence income May need to take call on inpatient ward/consults

6. ©2014 MFMER | 3375858-6 Which is right for you? Depends on your personality, career goals, and what ’ s available when you are looking Not all private practice or academic jobs are the same Have a wish list of what is important to you Divide it into “ Needs ” and “ Wants ” Use this as your guide Remember, your first job doesn ’ t have to be your final job

7. ©2014 MFMER | 3375858-7 Questions?