In this episode, Dr. Onwuemene shares insights gained from a recent coaching session, discussing seven critical things to understand before entering academic medicine. Drawing from personal experiences, she emphasizes the importance of being prepared and having a realistic understanding of the academic landscape.Key TakeawaysAcademic medicine is a business: While patient care is a priority, a critical aspect of the academic environment is financial sustainability.Academic medical centers need to generate revenue: Physicians play a crucial role in generating clinical revenue through patient care and referrals for clinical services procedures, and lab services.The academic business landscape: Declining reimbursements and increasing costs of care drive the pressure to do more with less.Your Role in Revenue Generation: As a physician, you are an integral part of your institution's revenue generation framework.Balancing Clinical and Academic Pursuits: Understand how your aspirations beyond clinical care, such as teaching and research, fit into the revenue generation model.Realistic Expectations for Research: Consider how long it may take to secure grant funding and the impact it has on your financial contributions to the institution.Strategic Planning for a Career in Academic Medicine: Be strategic in your approach to career planning, keeping in mind both your personal goals and the institutional expectations.By having realistic expectations and understanding the interplay between clinical and academic responsibilities, early career faculty can better navigate their academic paths.Sponsor/Advertising/Monetization Information:This episode is sponsored by Coag Coach LLC, a leading provider of coaching resources for clinicians transitioning to become research leaders. Coag Coach LLC is committed to supporting clinicians in their scholarship.Looking for a coach?Sign up for a coaching discovery call today: https://www.coagcoach.com/service-page/consultation-call-1

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