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How much do Mayo Clinic doctors get paid?

Discussion in 'Pre-Medical Allopathic [ MD ]' started by TexasFight, 07.22.09.

  1. TexasFight

    TexasFight

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    I'm just curious. Is there anyway to find that information? The website doesn't post salaries for doctor positions. The place has been mentioned a few times by Obama, WSJ, NYtimes, etc. regarding its excellent care and low costs. If they get paid near the average for their specialty, I would love to eventually work at a place like Mayo where positive outcomes are maximized while costs are pushed down through collaborative work among the doctors.
  2. ronaldo23

    ronaldo23 The Truth

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  3. Aidan

    Aidan Res Ipsa Loquitur

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    from: http://en.wikipedia.org/wiki/Mayo_Clinic

    that's all I could find
  4. hopefuldoc87

    hopefuldoc87 Killer tofu

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  5. Aidan

    Aidan Res Ipsa Loquitur

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  6. pharaoh88

    pharaoh88

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    Enough.
  7. hopefuldoc87

    hopefuldoc87 Killer tofu

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    It gives you a general idea, though.

    Unless the 171K is being earned by a surgeon, but I highly doubt that.
  8. TexasFight

    TexasFight

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    Nice!
    I looked through it a bit more, here are some figures:
    Cardiologist $370,500
    Consultant Physician $223,000
    Pediatric Endocrinologist $160,250
    Ophthalmologist Consult $218,000
    Orthopedic Consult $369,000
    Radiology Consult $463,218
    and a bunch of staff physicians that range from $225,000 to $280,000
  9. $10/hr :laugh:
  10. hopefuldoc87

    hopefuldoc87 Killer tofu

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    He's asking how much do PHYSICIANS make. Not RESIDENTS.
  11. niranjan162

    niranjan162

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    when it says consult, i believe, it means that those arent salaried physicians for mayo, but rather outside docs. Correct me if im wrong.
  12. Cardiac

    Cardiac Full of Love

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    Residents don't even get that. They might get minimum wage, but that's pushing it.
  13. SteinUmStein

    SteinUmStein

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    The Mayo Clinic pays well. I did research there last summer and every single doctor I saw traversing the corridors (except those in scrubs) was wearing a full suit and tie, jacket and all.

    I have a relative who is an internist there, and he's very happy with his job. :thumbup:

    Obama is also visiting the Cleveland Clinic this week as another model of near-ideal health care delivery.
  14. TexasFight

    TexasFight

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    I wonder if they have better hours than doctors in private practice...

    the idea of getting paid ~250k for 50 hours a week sounds great.
  15. hopefuldoc87

    hopefuldoc87 Killer tofu

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    http://en.wikipedia.org/wiki/Mayo_Clinic

    "Mayo Clinic pays medical doctors a fixed salary that is unaffected by patient volume. This practice is thought to decrease the monetary motivation to see patients in large numbers and increase the incentive to spend more time with individuals. Salaries are determined instead by the marketplace salaries for physicians in comparable large group practices."

    Now that's how it should be.
  16. wanderer

    wanderer

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    What????
  17. SteinUmStein

    SteinUmStein

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    Yup. Required dress code for physicians, residents, and medical students. No white coats at Mayo that I've seen, other than in research labs by PhDs.

    Come to think of it, you could always spot the MD/PhD researchers by their suits... rather distinctive.

    http://forums.studentdoctor.net/archive/index.php/t-109889.html

  18. killinsound

    killinsound

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    i thought mayo docs werent allowed to wear ties
  19. TexasFight

    TexasFight

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    Just because they wear suits doesn't mean they are paid well. We all have to do interviews in suits but my yearly income is <1k. I can see how you could judge whether or not they are happy, but I think the suit thing is a non-sequitur.
  20. wanderer

    wanderer

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    Actually my original "What????" had to do with the juxtaposition of two sentences that I originally quoted. But I see what you mean.

  21. red10

    red10

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    I'm guessing the person was implying that they weren't wearing a suit that they got from Kmart or something. And they probably own more than one
  22. SteinUmStein

    SteinUmStein

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    If they wear a nice suit to work every day, they have many nice suits. Plus, Mayo is a non-profit, and last year they made $6.9 billion... they pay well.

    http://en.wikipedia.org/wiki/Mayo_Clinic

    And yes, they wear ties.
  23. Kong Bu

    Kong Bu 화이팅!~~

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    I think that's a very compassionate philosophy Mayo has with its doctors. A true doctor philosphy, I believe- paying doctor's not on the volume of patients they have but setting a fixed rate.

    Though I hope this "fixed" rate is actually adjustable with inflation? Sounds like a stretch since doctor's are making a lot anyway but wouldn't this be necessary regardless?

    I think I love Mayo already though.

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