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- Apr 2, 2003
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My father who has practiced in the states for over 25 years has seen the good and bad of family practice. Although he specialized in internal medicine, he is a family doc. Well, I watched him raking in over 100k a month and now he barely makes 10k. It's pretty friggun crazy.
I spoke to him today about whether I should enter his field. Let's face it, we're going to medical school and all the crazy residency stories so I want to be compensated.
He says he is not making much money nowadays because he is old and doesn't want to work so hard. I also hear that his colleagues that are family docs are doing very, very well. With 3 clinics in spanish areas of Los Angeles, they are doing very well.
At my interviews, when I told my interviewers that I wanted to be a family doc, 2 / 4 expressed their concern to me that I won't make as much I used to as a business owner (20k/mo.). Something in line with " Are you sure you want to go into family practice and make significantly less when you left such a successful company". Well, I am not in this for the money, but I don't want to be punished for going through all the schooling either...
So, if you open up a couple clinics, have some fresh docs work for you and put a little business into it, can you live a lifestyle that I feel we all deserve? Or is it still a battle with HMOs and all the b.s. that exists today?
Thank you for all of your input. It's greatly appreciated.
Edit: Fresh docs = right out of school and in debt
I spoke to him today about whether I should enter his field. Let's face it, we're going to medical school and all the crazy residency stories so I want to be compensated.
He says he is not making much money nowadays because he is old and doesn't want to work so hard. I also hear that his colleagues that are family docs are doing very, very well. With 3 clinics in spanish areas of Los Angeles, they are doing very well.
At my interviews, when I told my interviewers that I wanted to be a family doc, 2 / 4 expressed their concern to me that I won't make as much I used to as a business owner (20k/mo.). Something in line with " Are you sure you want to go into family practice and make significantly less when you left such a successful company". Well, I am not in this for the money, but I don't want to be punished for going through all the schooling either...
So, if you open up a couple clinics, have some fresh docs work for you and put a little business into it, can you live a lifestyle that I feel we all deserve? Or is it still a battle with HMOs and all the b.s. that exists today?
Thank you for all of your input. It's greatly appreciated.
Edit: Fresh docs = right out of school and in debt