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Join us for an insightful episode as we navigate the complexities of negotiating your first employment contract as a doctor. Our guest, attorney Ethan A. Nkana, shares invaluable advice on avoiding common mistakes, understanding salary ranges, and effectively advocating for your value. We'll discuss the importance of having multiple job offers, critical contract clauses, balancing student loan debt repayment, and negotiating non-salary benefits like education loan debt assistance and work-life balance. Ethan A. Nkana is an attorney. He discusses the KevinMD article, "How rookie doctors crush their first contract." Our presenting sponsor is Nuance, a Microsoft company. Together, Microsoft and Nuance are leveraging their rich digital technology and advanced AI capabilities to tackle some of health care's biggest challenges. AI-driven technology promises to revolutionize patient and provider experiences with clinical documentation that writes itself. The Nuance Dragon Ambient eXperience, or DAX for short, is a voice-enabled solution that automatically captures patient encounters securely and accurately at the point of care. DAX Copilot combines proven conversational and ambient AI with the most advanced generative AI in a mobile application that integrates directly with your existing workflows. Physicians who use DAX have reported a 50 percent decrease in documentation time and a 70 percent reduction in feelings of burnout, and 85 percent of patients say their physician is more personable and conversational. Discover AI-powered clinical documentation that writes itself. Visit https://nuance.com/daxinaction to see a 12-minute DAX Copilot demo. VISIT SPONSOR → https://nuance.com/daxinaction SUBSCRIBE TO THE PODCAST → https://www.kevinmd.com/podcast RECOMMENDED BY KEVINMD → https://www.kevinmd.com/recommended GET CME FOR THIS EPISODE → https://www.kevinmd.com/cme I'm partnering with Learner+ to offer clinicians access to an AI-powered reflective portfolio that rewards CME/CE credits from meaningful reflections. Find out more: https://www.kevinmd.com/learnerplus
Join Dr. Yerusalem Lanier and Ethan A. Nkana on this episode of MED Nation as they discuss the gender and racial pay gaps in medicine. Ethan, the founder of Rocky Mountain Physician Agency, brings expertise in financial advocacy for doctors. Ethan shares insights from his work, highlighting a $100,000 pay gap he helped rectify for six female Ob-Gyns.They discuss the 26% gender pay gap in medicine, as well as racial disparities—white doctors earning $33,000 more than black doctors on average. Ethan stresses education and negotiation. He advises doctors to talk openly about pay, get competing offers, and not fear non-compete penalties.Through this enlightening conversation, Dr. Lanier and Ethan empower doctors to take control of their financial futures and work towards closing the gender pay gap in medicine. Don't miss this essential episode for anyone navigating the complexities of physician compensation.Ethan A. Nkana: Website: https://rmpa.co/ Instagram: https://www.instagram.com/physicianagency/ LinkedIn: https://www.linkedin.com/in/ethannkana/ YouTube: https://www.youtube.com/@ethannkana Cutting Edge Foot and Ankle: Website: https://cefootandankle.com/ Instagram: @cefootandankle
In a 2014 survey, the medical network Doximity found that over 72% of residents had negative feelings about negotiating their compensation, including feeling stressed, concerned, anxious, or lost. 31% of physicians felt prepared to network, while only 9% felt ready to negotiate. It wasn't just first-time attending doctors who felt that way — doctors seeking raises were also affected. It's no wonder so many doctors feel anxious when few receive any training in contract negotiations.But physicians shouldn't settle for less, says Ethan A. Nkana, Principle at the Rocky Mountain Physician Agency (RMPA), which advocates for doctors seeking fair contracts and compensation.Having an advocate like Ethan helps in certain high-level situations, but you don't necessarily have to hire an advocate to get what you want. In this episode of Prosperous Doc, Ethan talks with host Shane Tenny about everything you need to know about contract negotiations, whether you're a graduating resident or an experienced physician.
Ethan joins, Mr. No Cap, Willie P, and DJ to talk about how he put his plans into action to start a business catering to physicians like sports agents cater to professional athletes.
Rocky Mountain Physician Agency was founded by Ethan A. Nkana, a healthcare executive with more than one decade of national experience in hospital and healthcare administration. Ethan began his hospital administration journey as a Human Resources intern after earning a Bachelor’s Degree in Business Administration & Public Relations. Over the following decade, Ethan would grow his skill set to include leadership roles in hospital finance, physician contracting and compensation, hospital operations, and healthcare strategy. This extensive training and expertise is underpinned by Ethan’s legal and business training, earning his Juris Doctor (J.D.) and Master’s in Business Administration (MBA) from the University of Dayton. While working in physician contracting, Ethan observed that physicians frequently leave money and value on the table during their contract and salary negotiations with hospital executives. "I observed a major disparity of access to salary data, contract negotiation expertise, and time when doctors negotiate contracts with health systems, and this disparity disproportionately disadvantages physicians." The awareness of the challenge facing physicians hit Ethan, whose mother is a physician (anesthesiologist), close to home. “I realized that if physicians I see negotiating contracts are at a disadvantage then this is probably the experience my mom has as well.” Physicians and professional athletes spend 20-25 years training to become experts in their respective disciplines. When physicians and athletes “go pro” (i.e. complete residency training) they are met with complex, high value contracts that they have received no education or training in negotiating. Consequently, professional athletes hire a sports agent to advocate for the athlete to get the value they deserve in their contracts. Rocky Mountain Physician Agency is a sports management agency whose clients are physicians instead of professional athletes. RMPA advocates for physicians to get the value they have earned in their salary and contract by using the same industry-leading physician salary data hospitals use. RMPA serves physicians of all specialties, from residency to retirement, whether the physician is currently in a contract or planning for an upcoming contract. When he isn’t negotiating physician contracts or educating residents on tips for success in their first contract, Ethan coaches boys high school basketball in suburban Denver, CO. Ethan expresses himself creatively through photography and regularly holds photography exhibits featuring his work at local establishments around Colorado (NewLocalPhoto.com). Ethan captured the beauty and pain of the struggle of losing a job for the first time by publishing the photo book “Shit to Remember When you Lose Your Job”. The photo book, which is available on the NewLocal website, memorializes the encouragement and advice from Ethan’s friends and colleagues that lifted him through the valley of shame and discouragement he experienced. This book is intended to pass along that encouragement to others in their time of need. Join the free Uncensored Advice For Men Group - https://www.facebook.com/groups/uncensoredadviceformen
Rocky Mountain Physician Agency was founded by Ethan A. Nkana, a healthcare executive with more than one decade of national experience in hospital and healthcare administration.Ethan began his hospital administration journey as a Human Resources intern after earning a Bachelor’s Degree in Business Administration & Public Relations. Over the following decade, Ethan would grow his skill set to include leadership roles in hospital finance, physician contracting and compensation, hospital operations, and healthcare strategy.This extensive training and expertise is underpinned by Ethan’s legal and business training, earning his Juris Doctor (J.D.) and Master’s in Business Administration (MBA) from the University of Dayton.While working in physician contracting, Ethan observed that physicians frequently leave money and value on the table during their contract and salary negotiations with hospital executives."I observed a major disparity of access to salary data, contract negotiation expertise, and time when doctors negotiate contracts with health systems, and this disparity disproportionately disadvantages physicians."The awareness of the challenge facing physicians hit Ethan, whose mother is a physician (anesthesiologist), close to home. “I realized that if physicians I see negotiating contracts are at a disadvantage then this is probably the experience my mom has as well.”Physicians and professional athletes spend 20-25 years training to become experts in their respective disciplines. When physicians and athletes “go pro” (i.e. complete residency training) they are met with complex, high-value contracts that they have received no education or training in negotiating. Consequently, professional athletes hire a sports agent to advocate for the athlete to get the value they deserve in their contracts.Rocky Mountain Physician Agency is a sports management agency whose clients are physicians instead of professional athletes. RMPA advocates for physicians to get the value they have earned in their salary and contract by using the same industry-leading physician salary data hospitals use. RMPA serves physicians of all specialties, from residency to retirement, whether the physician is currently in a contract or planning for an upcoming contract.When he isn’t negotiating physician contracts or educating residents on tips for success in their first contract, Ethan coaches boys high school basketball in suburban Denver, CO. Ethan expresses himself creatively through photography and regularly holds photography exhibits featuring his work at local establishments around Colorado (NewLocalPhoto.com).Ethan captured the beauty and pain of the struggle of losing a job for the first time by publishing the photo book “Stuff to Remember When you Lose Your Job”. The photo book, which is available on the new local website, memorializes the encouragement and advice from Ethan’s friends and colleagues that lifted him through the valley of shame and discouragement he experienced. This book is intended to pass along that encouragement to others in their time of need.Socials & Contact InformationEthan A. Nkana, J.D., MBAPrincipalRocky Mountain Physician AgencyEthan@RMPA.CO720.471.0059RMPA Website: www.RMPA.COig: @physicianagencyFacebook: Facebook.com/physicianagencyLinkedIn: linkedin.com/company/rockymountainphysicianagencynew local Photo Website: www.NewLocalPhoto.comGet in touch with Ethan:ethan@rmpa.cohttps://rmpa.co/about-rmpa/Always stay awesome and AmazingDr. Ezzat MoghazyIMD, PhDClinical Hypnologistdr@mybesthealer.comwww.mybesthealer.comSupport the show (https://www.mybesthealer.com/)
Rocky Mountain Physician Agency was founded by Ethan A. Nkana, a healthcare executive with more than one decade of national experience in hospital and healthcare administration.Ethan began his hospital administration journey as a Human Resources intern...