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What to Expect During the Transition From Residency to Practice

Stepping into your first year of independent practice is both exciting and challenging. After years of structured training and supervised decision-making, you’ll soon navigate a new world of autonomy, responsibility, and growth. In this guide, you’ll learn about some of the core differences between residency and practice, the essential steps in new physician onboarding, what to expect as a new doctor during those early months, and more. This period of your career is crucial because the habits, relationships, and systems you establish now will shape your professional journey for years to come.

Understanding the Transition From Residency to Practice

As you begin the transition from residency to practice, it’s important to recognize that you’re moving into a stage of your career with greater independence, expanded responsibilities, and the need to balance clinical insight with practical decision-making.

From Structured Supervision to Independent Decision-Making

During residency, you had attendings and senior colleagues guiding your every move. Now, clinical decisions rest largely on your shoulders. While this newfound autonomy can be liberating, it also demands confidence in your training and judgment. You’ll encounter scenarios that require you to rely on your own knowledge, making choices without immediate oversight. Over time, each correct diagnosis, each well-managed complication, will reinforce your ability to navigate this new landscape.

Adjusting to New Patient Populations and Workflow

The patient population you cared for in residency may not mirror what you’ll see in your first independent practice setting. You might move from a large academic hospital to a small community clinic or a private group, each with its own patient demographics, pace, and administrative systems. Adapting involves learning new electronic health record (EHR) platforms, understanding different insurance requirements, and refining your approach to patient scheduling. Patience and flexibility will be key as you find your footing.

Finding Your Clinical Rhythm

Unlike in residency, where your schedule and patient load were largely dictated by rotation requirements, you now have more freedom—and more responsibility—to determine how you work. Establishing a sustainable clinical rhythm might mean figuring out the right number of patients you can see in a day while preserving high-quality care. With practice, you’ll balance efficiency and thoroughness, ensuring patients receive attentive care without feeling rushed.

Navigating New Physician Onboarding

Before you can fully embrace your new role, you must clear administrative hurdles and integrate into an established workplace culture. Effective new physician onboarding can help ensure a smooth start and set the tone for your future success.

Credentialing, Licensing, and Compliance Basics

Your first priority is getting all your paperwork in order. Credentialing verifies your qualifications, while licensing and regulatory compliance confirm that you meet state and federal standards. Though it might feel tedious, completing this process thoroughly helps establish your credibility and ensures you’re practicing ethically and legally. Taking the time to master these details early on prevents headaches down the road.

Embracing Workplace Culture and Team Dynamics

Every practice has its own culture—an atmosphere shaped by its leadership, staff, and standard workflows. Take the time to learn from nurses, administrative personnel, and other physicians. Understanding roles, communication norms, and office protocols will help you fit in smoothly. Openness to feedback and respect for your colleagues’ expertise goes a long way toward fostering a positive work environment.

Setting Boundaries and Expectations Early On

It’s natural to want to prove yourself as a new physician, but be cautious about overextending. Setting clear boundaries around your schedule, responsibilities, and communication methods ensures you don’t burn out. Establishing these boundaries upfront helps create a sustainable work-life balance, enabling you to deliver quality patient care without feeling constantly overburdened.

What to Expect as a New Doctor in Your First Year

Your initial year of independent practice will be a learning curve. Understanding what to expect as a new doctor during this formative period helps you approach your new challenges with confidence and a clear plan.

Balancing Patient Care With Administrative Duties

In residency, your attention was mostly on clinical responsibilities, with administrative tasks often handled behind the scenes. Now, billing, insurance documentation, and referral management are part of your daily routine. Embrace strategies like efficient note-taking, using EHR templates, and delegating where appropriate. Streamlining administrative tasks helps you maintain a focus on quality patient care.

Managing Time and Patient Load

Early on, it’s common to feel hurried as you try to keep pace with a full schedule. Over time, you’ll learn to chart efficiently, anticipate patient concerns, and streamline communication. As you become more comfortable, you’ll strike a balance that allows you to meet patient needs without sacrificing the thoroughness and empathy that define good medicine.

Building Confidence and Reducing Self-Doubt

Feeling uncertain at first is normal. Remind yourself that you’ve spent years training for this moment. Each successful diagnosis and positive patient outcome will build your confidence. Over time, those initial insecurities will give way to self-assurance grounded in real-world experience.

Embracing Clinical Autonomy and Responsibility

With autonomy comes responsibility, and embracing both is part of your growth as a physician making the transition from residency to practice.

Making Independent Clinical Judgments

Without the constant presence of attendings, you must trust your knowledge and rely on evidence-based guidelines. If you feel uncertain, seek insights from trusted colleagues or consult medical resources. Over time, you’ll become adept at handling complex cases without hesitation.

Developing a Personal Approach to Patient Interaction

Your communication style, empathy, and ability to connect with patients form the cornerstone of your patient-care philosophy. Experiment with different approaches—whether it’s more explanation, a gentler tone, or a proactive listening stance—and pay attention to patient feedback. Authenticity and empathy will naturally shape your unique bedside manner.

Keeping Up With Evolving Guidelines and Best Practices

Medicine evolves rapidly, and staying current is vital. Regularly participate in continuing medical education (CME) courses, read reputable journals, and attend workshops to keep your knowledge fresh. Being proactive about professional development ensures you’re always offering the best care possible.

Managing the Business and Financial Side of Practice

Understanding the business aspects of medicine is a crucial part of the transition from residency to practice. Mastering these skills early will pay dividends throughout your career.

Understanding Revenue Cycle Management Fundamentals

Revenue cycle management (RCM) involves billing, coding, and tracking claims to ensure timely reimbursement for your services. Although it may feel foreign at first, grasping the basics helps you advocate for proper compensation and maintain your practice’s financial health.

Evaluating Compensation Models and Contracts

Different practice settings offer various compensation models. Some provide a fixed salary, while others tie pay to productivity or quality metrics. Understanding these arrangements, as well as the fine print in your contract, can help you decide whether a particular setting aligns with your career goals.

Establishing Personal Financial Goals Early On

You may see a significant jump in income after residency, making this an ideal time to set financial goals. Consider strategies for tackling student loans, building an emergency fund, and starting an investment plan for retirement. Sound financial habits established now will reduce stress and enhance your long-term quality of life.

Physician’s Resource Services provides a full suite of financial solutions that help physicians streamline their operations and work toward a more secure financial future.

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Fostering Professional Relationships and Networks

No physician practices alone. Building strong professional relationships and networks supports your growth, enriches your practice, and helps you navigate the challenges of what to expect as a new doctor.

Collaborating With Colleagues and Support Staff

Respect and communication form the foundation of good teamwork. Listening to input from nurses, physician assistants, and office staff fosters trust and efficiency. A collaborative environment leads to better patient care and a more fulfilling daily practice experience.

Engaging in Local and Professional Organizations

Joining professional associations can connect you with peers who share your specialty and interests. These groups keep you updated on industry trends and offer resources for ongoing education. Participation can also lead to mentorships, research opportunities, and leadership roles that expand your influence.

Seeking Out Mentors and Peer Support

Mentors and physicians who’ve walked this path before are invaluable. They can offer insights on clinical dilemmas, workplace politics, or career decisions. Peer support groups, whether online or in person, can help you process challenges, share strategies, and celebrate wins with colleagues who truly understand your journey.

Maintaining Well-Being and Work-Life Balance

Protecting your mental and physical health is essential to delivering exceptional patient care. Prioritizing well-being ensures you can continue to serve others throughout your career.

Recognizing Early Signs of Burnout

Long hours, administrative burdens, and emotional strain can take a toll. Be alert to signs like persistent fatigue, loss of enthusiasm, or difficulty empathizing with patients. Recognizing these symptoms early allows you to make changes before burnout undermines your performance and happiness.

Prioritizing Self-Care and Mental Health

Just as you counsel your patients to care for their bodies and minds, you must do the same. Exercise regularly, get enough sleep, engage in hobbies, and seek professional help if needed. Regular self-care replenishes your emotional reserves and keeps you at your best.

Setting Realistic Expectations for Yourself

Your early years in practice won’t be perfect, and that’s okay. Avoid comparing your progress to others. Focus instead on steady improvement and be patient with yourself. Over time, consistency and self-awareness will guide you toward professional excellence.

Take the Next Step in Your Career With PRS

The transition from residency to practice is a challenging but rewarding experience—and you don’t have to navigate it alone. Physician’s Resource Services provides experienced support for physicians as they move into practice, helping them establish strong financial skills that prepare them for taxes, retirement, insurance, and more.

Reach out to PRS today and step confidently into the next period of your career.

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Robin Bales – AGENT

Robin has owned a Commercial Leasing Company providing financing to doctors and other operators for their equipment beginning in 2007. After the global crash of 2008, she went to work for NYL and spent 3 years there working with other entrepreneurs securing their retirement future and safeguarding their personal asset risks. Robin opened her own agency in 2017 Legacy by Design and has run a national firm coast to coast with 50-70 agents. Today the agency is much smaller serving 5 agents who share the same vision and passion for our clients focusing on health insurance, Medicare, and annuities.

Robin is most connected to ethos of PRS mission to improve the lives of doctors and their families. Supporting those who run the leading infrastructure of our country.

Robin has been married for 22 years to her husband Steven. Together they have 3 girls and have built a family with strong values and commitment to each others successes. Robin’s family are home bodies by nature and enjoy their 3 dogs hanging in living room or kitchen.

Kevin Burris – PARAPLANNER

Kevin received his BA and MBA from Indiana University, earned the Certified Financial Planner (CFP) designation from the University of Georgia, and Retirement Income Certified Professional (RICP) designation from the American College. Kevin is looking forward to helping physicians live their best life. Kevin enjoys spending time on the lake with his wife, playing golf, and watching Indiana University sports.

Michael Kohles – AGENT

Michael attended Lake Michigan College and Siena Heights University, graduating magna cum lade with a Bachelor of Business Administration, with a major in Finance and minor in Marketing. Michael has been in the financial services industry since 2015 and has experience with multiple insurance verticals. Michael is excited to help physicians achieve their financial goals by providing insurance solutions. Michael is married to Erin and has 4 children. Michael also enjoys reading, golfing, playing poker, learning, and traveling.

Erin Kohles – UNDERWRITING PROCESSOR

Erin supports our advisors and clients during the insurance underwriting process in multiple ways. On a given day, she helps by processing applications, tracking and following up on open cases, and answering client questions. She appreciates the part she plays in helping clients prepare for the future, and she strives to make the process as simple and efficient as possible.

Erin has been in the insurance industry for two years and brings with her six and eight years of experience in accounting and quality control, respectively. She graduated from Ball State University and has her life & health and property & casualty insurance licenses. In her free time, she enjoys cheering on her two boys who play basketball, soccer, and baseball; traveling with her husband; and playing with their Yorkie, Mingo.

Gabriela Chavez – ANALYST

At Physicians Resource Service Gabby plays a pivotal role in Paul’s advisory team, staying in close contact with clients, driving business development, and lending a hand in daily operational tasks. Additionally, she collaborates with CPA Erin Anderson to prepare tax returns, conduct withholding reviews and undertake various tasks across the division.

Gabby is currently double-majoring in accounting and finance at the University of the Incarnate World in San Antonio, and she plans to sit for her Certified Financial Planning exam in the fall of 2022. Before transferring to UIW, she attended the University of Texas Rio Grande Valley in Edinburg, Texas. Gabby was born in Germany and is Mexican American. She loves to travel and has visited 11 different countries. She has a five-year-old pug named Penny.

Erin Anderson – CERTIFIED PUBLIC ACCOUNTANT

As a certified public accountant, Erin is a valuable part of our tax division at PRS. She enjoys working with our advisors to develop tax-efficient strategies, and she strives to provide clarity for every client she serves. Erin started her career as an accountant after graduating from Oklahoma State University in 2012 with a master’s degree. She earned her CPA license in 2018. Erin and her husband have two little boys, and they love spending time outdoors as a family and watching OSU football.

Alex Simmons – BUSINESS DEVELOPMENT

Alex oversees Business Development at Physician’s Resource Services. She works with each department to assist in continually improving PRS so we remain a leading competitor in the industry. Alex graduated from Texas Tech University with a Bachelor of Business Administration in Energy Commerce. She is a Texas native who loves to spend her free time traveling and taking her pup, Teddi, to the dog park.

Karli Allen – HEAD OF WEALTH MANAGEMENT

Karli is a graduate of The Master’s University in Santa Clarita, CA, and has a business degree with emphases in accounting, finance, and management. Karli has been in the financial services industry since 2014 and joined the PRS team in 2018.

Karli oversees investment and financial planning operations and assists with the onboarding and service of the firm’s advisory clients.  Karli was a key part of our firm’s custodial transition to Fidelity in 2019 as part of our decision to become an independent investment advisory firm.  Before joining PRS, Karli worked in personal financial planning in Orange County, California.  She also holds a FINRA Series 65 license. Karli is grateful to be a part of such an amazing team.

Outside of work, Karli enjoys traveling, playing golf, and spending time with her husband and their goldendoodle.

Jennifer Khan- UNDERWRITING SPECIALIST

Jennifer is an Underwriting Specialist at Physician’s Resource Services, with an extensive background in customer service and administration. Jennifer grew up in Texas, graduated from Southeast Missouri State University with a BFA in Theatre, and spent six years in Chicago performing sketch and improv. She is a graduate of the Conservatory Program at The Second City and iO Chicago. Jennifer and her husband, Qamar, moved to Texas with their dachshund mix, Dobby, to be closer to family, sunshine, and good BBQ.

Cheryl Breeden – OFFICE MANAGER

Cheryl is the Business Manager for the firm and a licensed service assistant. She graduated from the University of Texas at Austin with a Bachelor’s Degree in Business Administration. She has years of experience in the areas of process management, customer service, benefits, and insurance. Cheryl has three girls — Ashley, Hannah, & Olivia. She brings this experience to our firm where she manages the underwriting and service process. She also manages the business operations for the firm.

John C. Jackson IV – ASSOCIATE FINANCIAL CONSULTANT

John is an agent from Austin, TX, a graduate of Westlake High School and The University of Texas at Austin, with a Bachelor’s Degree in Economics and a Minor in Business Administration. While at UT, John was a 2-Time Captain and 4-Time All-Conference performer for the men’s lacrosse team. While away from the office, John coaches with the Westlake Youth Lacrosse program and volunteers with Austin’s Young Men’s Business League, and Austin Sunshine Camps.

Chris Fullbright – FINANCIAL ADVISOR

Chris brings experience in financial services and the perspective of a successful entrepreneur who has launched several businesses. With over a decade in the industry, he has served as both an advisor and in a management role coaching new advisors. Chris attended the University of Georgia and Texas State University and graduated with a Bachelor of Applied Arts and Sciences.

He currently holds many financial services licenses and designations including FINRA Group One, Series 6, Series 63, Series 65, Series 7, ARPC, and Certification in Long Term Care (CLTC). In his free time he enjoys being involved in the local community through organizations such as Comfort Crew for Military Kids. Chris is also an active member of Austin Christian Fellowship Church, and enjoys spending time there as well as reading, fishing, and going to sporting events. He is happily married to Monique with two wonderful sons. In addition to serving physicians, Chris specializes in working with special needs families.

Paul Smith, CFP® ChFC® MSFS – FINANCIAL ADVISOR

Paul has helped his clients in financial, business, and estate planning for over 10 years. Paul is a graduate of Texas State University, with a Bachelor’s Degree in Psychology. He has also completed the extensive studies necessary to earn the Certified Financial Planners (CFP®) and Chartered Financial Consultant (ChFC®) designations. Paul is actively involved in the community through his volunteer work and service on Community Action Board for the Helping Hand Home for Children. Paul is married to Heather and they have two children, Nyla and Hazel.

Richard Cunningham – MANAGING DIRECTOR

For 30 years, Richard has been helping clients reach their financial goals with sincerity and integrity. He works with GME program administrators, individual physicians and their families to help doctors achieve financial security. Richard is a graduate of the University of Texas at Austin, with a Bachelor’s Degree in Economics. He studied in Paris at the Sorbonne. Richard supports numerous charitable organizations, is actively involved in Austin Recovery, and he participates in the Leukemia Lymphoma Society as a survivor of CML. Richard is married to Adrienne with two children, Raven and Coates.