- Joined
- Jan 14, 2004
- Messages
- 962
- Reaction score
- 126
Anybody have information on this company? Considering taking a gig with them next year. Are they truly a democratic partnership? Anybody with any bad experiences?
While they're not a SMALL democratic group, I certainly wouldn't consider them a CMG. They're a large democratic group.
From their website:
CEP America is a democratic physician partnership, with ownership of the Partnership and our subsidiaries distributed equitably among the practicing physicians. There are no outside owners or investors, so all income from the practice - after operational expenses and billing and malpractice costs - is fully returned to our physicians.
This Partnership structure provides an inherent incentive to meet the expectations of our client hospitals and patients. The Partnership has no debt, and all capital needs for business purposes are self-financed. Our practice management company is owned by the Partnership, which, in turn, is owned by all physician Partners. CEP America has no physician employees, as all physicians are Partners from the day they work their first clinical shift.
http://www.cep.com/AboutUs/WhoWeAre.aspx
That's not a CMG, that's a large DG.
We use the same 401(k) as them (which is a good one) so I have been to meetings with them before. I have a good friend who recently changed from their group to ours. The main problem with CEP is they're mostly in California, which is financially speaking a toxic wasteland for emergency physicians. High cost of living, high taxes, crappy reimbursement, poor payor mix, lots of self-pay illegals, crappy MediCAL etc. I think CEP is doing pretty darn well against that background.
Once again, you are an employee, and not an "owner". Just by working there you don't get stock in the company, and your "ownership" can be taken away at any time. A more accurate description would be "Employee model with democratic component and open books".
I always think the "owner" title is misleading when it relates to physician groups. If I work for a company (say an investment bank) and am granted stock as compensation, then I am an "owner". In most cases, a company can fire me, but they cannot take away my "ownership" which is private property.
If you don't mind me asking, which 401(k) administrator / plan?
In my first post-residency job, partners could be canned only with a 75% vote of the other partners.
Editing
Seriously, dude. You think there's a point to all this? It's student doctor network. Who cares if I post, don't post, or post and delete, or "edit" or whatever? I personally don't take it that seriously, either way. It's just for fun. A hobby.If you can't leave a post up for 24-48 hours so those actively participating in the discussion can have a chance to read it before deletion, don't bother writing it. I mean, I can understand why you might not want something on the internet forever, but if it can't stay for a couple days under a pseudonym, what's the point?
Seriously, dude. You think there's a point to all this? It's student doctor network. Who cares if I post, don't post, or post and delete, or "edit" or whatever? I personally don't take it that seriously, either way. It's just for fun. A hobby.
editing
No, no, no. There will be no forum fight. I don't think he would have posted what he did if he didn't want to read what I had written. (Or maybe he's just a hater, I don't know.) But I get it, it's completely irritating the way I post, delete, edit, re-edit, with seemingly complete randomness. Watching sausage made is completely disgusting also, but every once in a while, out splurts something halfway consumable. Birdstrike = sausage.Fight, fight, fight!
Fight, fight, fight!
Yes. In fact, there was a massive, multi-page gore-filled flame war in just our two posts alone. It was there, but after a few seconds, it was gone. Only me, ActiveDuty, and 3 1/2 med students saw it. We both immediately replaced it with "Edit." You shoulda been there. Man, it was simply, awesome. It will be SDN lore, for centuries.Editing fight?!
Yes. In fact, there was a massive, multi-page gore-filled flame war in just our two posts alone. It was there, but after a few seconds, it was gone. Only me, ActiveDuty, and 3 1/2 med students saw it. We both immediately replaced it with "Edit." You shoulda been there. Man, it was simply, awesome. It will be SDN lore, for centuries.
Yes. In fact, there was a massive, multi-page gore-filled flame war in just our two posts alone. It was there, but after a few seconds, it was gone. Only me, ActiveDuty, and 3 1/2 med students saw it. We both immediately replaced it with "Edit." You shoulda been there. Man, it was simply, awesome. It will be SDN lore, for centuries.
Does anybody know anything about the CEP residency that opened up in Visalia, California at Kaweah Delta Health Care District? Is this the first time CEP has opened up a residency?
Lastly, does CEP pay relatively competitively with some of the other groups that staff CA EDs?