As you approach the end of your advanced training or fellowship, the transition to a consultant role becomes a tangible reality. Now is the perfect time to lay the groundwork for the direction you want your career to take.
For many, private practice is a key part of their career plan, often combined with public health service roles. Some prefer to remain mostly in the public sector while others see themselves working primarily in the private sector. Each path has its unique set of opportunities and challenges.
Before you dive into the process of establishing yourself in private practice, take a step back and reflect on whether it is the right fit for you. Here are some important questions to consider:
- Why private practice? What are your top three reasons for wanting to become a private consultant? How will you achieve these goals?
- Employer mindset: Are you ready to be an employer? Does managing a team excite or intimidate you?
- Ideal work environment: What type of structure or setting do you thrive in? Will private practice provide this for you?
- Work preferences: What type of work, patients, and colleagues do you want to engage with? Can you achieve this in a private practice setting?
- Business responsibilities: Do you enjoy and feel skilled at managing the many components of running a business?
- Financial viability: Have you considered the financial implications of starting a private practice? Do you have a clear understanding of the costs involved (e.g., setup, insurance, equipment) and how long it will take to become profitable?
- Market demand: Is there a demand for private practice in your specialty in the location you're considering? Have you researched the patient base, competition, and gaps in service that you could fill?
- Legal and regulatory requirements: Are you familiar with the legal and regulatory responsibilities of running a private practice, such as accreditation, patient privacy, and business regulations?
- Work-life balance: Will private practice allow you to maintain the work-life balance you want? Consider the potential for increased hours, administrative tasks, and on-call responsibilities.
- Professional development: How will private practice affect your ongoing professional growth? Will you have the same access to mentorship, training, and peer collaboration that public roles often provide?
In considering this transition, we invite you to book a complimentary 15-minute Career Call with a member of our Development and Career team. This is a valuable member benefit designed to help you get started on the right path.
For those who are ready for a more in-depth discussion or tailored support, we also offer 1-1 professional career coaching programs and single coaching sessions. Take the next step towards clarity and confidence in your career journey.