The first thing Senior residents and fellows need to do to be ready for private practice

At this point, most senior residents and fellows are thinking about their next move. And, for most, it is joining a group practice or starting their own medical practice.

Private practice is waiting and there are a few critical steps that every fellow or senior medical resident must have in place before they venture out into the real world.

Here are just a few quick bullet points to check off your professional to do list and remember: apply for NPI number, register with PECOS, CAQH, make sure your medical license is valid in the state you will be moving to practice, and apply for a DEA license.

The next step would be interview with professionals that will help you be successful. This includes accountants, board certified health care attorneys, insurance agents, and banks. You should be looking to set up a line of credit with a bank that is familiar with doctors needs.