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Anybody have an impression of the job market this year? Seems a little slow. Perhaps because of the proposed Medicare cuts?
Yeah... I think until that is finalized, people will be very deliberate.
I've given some advice in the past, but the one thing I will stress is to not feel forced to make a decision, and not to worry if your peers already have jobs/contracts. It's still somewhat our market, and you can take your time and decide. As long as you sort things out by March-April, you can get your license to start by July-August (except for a few states). So, don't worry and don't rush. A lot of stuff will pop up in January-March.
S
5 years - so long - does that include buy-in period?
Don't think they have a buy in. Most practices here are pro only or global percentage.
Agree - time to cap spots or even reduce. I'm not sure in the value of adding more rad-oncs. They think it will help with underserved areas, but they just end up increasing the supply in urban/suburban areas. I'm not sure what can be done. In the small town jobs, the pay is incredible and the workload is manageable, yet there are tons of openings in the midwest and south.
Interesting enough, one of the groups in the DC area increased their partnership track to 5 years. We extended ours, as well. So, maybe instead of obvious, drastic pay decreases, the trend might be to not offer partnership until later (as far as private practices go) and keep people on as employees for as long as possible. Hospitals will continue to just exert downward pressure on salary, while increasing workload.
Can't meet RadOnc demand by mid-levels.
Was waiting for someone to step in and bring up midlevels and how they steal jobs. DrAwsome to the rescue!!!!
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You would think so, but midlevels can be trained in just about anything. I woudln't think midlevels would encroach derm or GI or gas either, but they are. We already have radiation therapists who do the nitty gritty work, as well as dosimetrists. You really think it's that difficult to have a model where one rad onc "supervises" "radiation assistants" or something of that nature to work alongside a team? Not really. And when your pay is too high, CMS notices and your pay will be artificially reduced in countless creative ways- look at the fight that radiologists are waging. It makes sense to look at the issues other specialties have gone through and learn from them imo.
True RadOnc midlevels are still like minimum 10 years away. Not a threat.
Miss what I had said? Increasing numbers just continues to over supply the resource/physician-rich areas, not fulfill vacancies in rural areas. Chicago, DC, LA continue to get saturated, while there is like 3 open positions in Iowa right now on ASTRO website. With radonc, redistribution of practice location would be more efficient than just increasing numbers.
S
Disagree with you. We are better offer tailoring our numbers to demands rather than overtraining out of fear of midelvels. It is ridiculous how many programs have expanded and new programs at smaller unproven centers have opened up in the past five years. I would think we are better keeping the number of grads in the 100-110 range per year.
Best to let first year residents transitioned from other specialties having never worked a day in ours predict the acute and chronic shortage/oversupply issues affecting our field and predict the development of yet undefined provider that can somehow get NRC licensure to become authorized users...
It's not about the money. It's about having linacs all over Houston that treat 11 patients daily. It's about having 3 CyberKnives in Dade-Broward-West Palm. It's about having 4 rad oncs from 4 separate groups fighting over patients at an Atlanta tumor board, with the one that will treat anything even if it's inappropriate getting all the business. It's a waste of resources.
The shortage is there, but the biggest issue is not numbers. It's geographic distribution. We can't convince people to do those jobs for $750k. If we have more doctors, the salaries will be driven even lower. Here is the rationale: right now, if rural area A is giving $600k salary and urban area B is giving $300k, you might be able to convince someone to take the job. You drop another 25% physicians in, and now the numbers per doc drop, so the income per doc drops. Now rural area A is able to offer $450k and urban area B offers $250. Now, it looks less appealing and less people take the rural job. You dump more docs into the system, and the numbers narrow even more...
I agree with you, but can we please wait to expand programs until I have a job that I love?
I do have to say that patients are much more likely to feel
Comfortable seeing a mid level for their derm issues as
Compared to seeing a midlevel when you have stage 3 lung, etc.
Rad Onc makes up a very small percentage of the total Medicare budget ( less than 5 percent). Even if hey slash our reimbursement by 50%, it doesn't help the bottom line for congress.
Now if we start doing proton therapy right and left,
Things will change.
I certainly understand your concerns about midlevel encroachment and job security but job security means nothing if you're getting paid dog ****. One thing that protects us for many rad onc applications is the NRC (brachy, GK, etc) and when using a linac, I dont foreseeing a way for a midlevel to be allowed to sign off on anything when a hospital is running things. Sure you could have NPs who do H+Ps/follow ups in our field but to some degree that is there now and hasnt changed how many rad oncs we need because they can't do treatment planning, signing plans, review images.
You are new to the game, have not gone through the job search, have not seen the job search evolve over hte past 5 years or more, so you need a little perspective. Sure, we have a target on our back right now, but we are better off putting our efforts into evidenced based research documenting our cost-efficacy for new techniques rather than training more rad oncs and saturating our market. Simul hit the nail on the head when he said we have a maldistribution rather than a shortage; adding more (from what i have seen close to a 30% increase in the last 5 years or so) trainees just makes competitive markets worse and reduces salaries and does little to fix the maldistribution other than force lower end graduates into poor jobs secondayr to location, poor pay structure/group, etc. I would take his word, I do, as he has more experience than myself. As for the expansions, I see more merit in a great program expanding versus some of the new programs that have popped up. You have to wonder what level of training some of these residents are getting with limited numbers of faculty, limited numbers of patients and techniques available and no real research set up
Getting paid over half a million dollars is something that is not only not sustainable, but something that is seen as outrageous and ultimately leads to cuts. And yes as you suggest, I am new to this field, but I come from a field that has had the exact same thing happen - huge $$, serious protection of spots, with a dire need in certain areas that has not been met, which has lead to midlevels, reduced pay, etc.
Also, you have to realize that many of our medical colleagues in other specialties work for far less, with much worse schedules. Having to justify 500/600k salaries seems a little crazy imo.
This is a bit of a naive view of what is going on in medicine right now. Medicare does not review the salary of individual physicians when deciding to make cuts, they review the value of billing codes, the amount of work that "should" go into billing that code, and then reviews the reimbursement for said code. So, a rural community hospital that throws 500-600k at someone to come out and man a linac is not throwing up a red flag to Medicare, they are simply sharing more of the profit generated by the radiation oncology clinic with the clinician.
I agree with everyone else's opinion that you should gain some experience in the field and go through a job search before commenting on the financial future of the field, much less make bold recommendations regarding the number of trainees required, supply/demand, etc.
The numbers were for example. The point is, people are not going to those areas and producing more rad oncs will not improve the situation. It's not about the money, as I said. Big cities are super saturated and good docs are pushed to practice bad medicine. In rural areas, people don't have a doctor that isn't locums or uncertified. It's short sighted to think that increasing supply will fix the problem. I'm sorry for being a jerk when trying to make a point.
You got served DrAwsome!!!!!!! http://i2.kym-cdn.com/photos/images/original/000/278/541/15c.gif
It's not about the money. It's about having linacs all over Houston that treat 11 patients daily. It's about having 3 CyberKnives in Dade-Broward-West Palm. It's about having 4 rad oncs from 4 separate groups fighting over patients at an Atlanta tumor board, with the one that will treat anything even if it's inappropriate getting all the business. It's a waste of resources.
The shortage is there, but the biggest issue is not numbers. It's geographic distribution. We can't convince people to do those jobs for $750k. If we have more doctors, the salaries will be driven even lower. Here is the rationale: right now, if rural area A is giving $600k salary and urban area B is giving $300k, you might be able to convince someone to take the job. You drop another 25% physicians in, and now the numbers per doc drop, so the income per doc drops. Now rural area A is able to offer $450k and urban area B offers $250. Now, it looks less appealing and less people take the rural job. You dump more docs into the system, and the numbers narrow even more...
SimulD. Please please tell me what your quote "I put the team on my back do" means. I cannot figure out what the "do" part and Greg Jennings have in common. BTW your yuppie quote is classic.Yeah, but if you're married/have kids your life is basically over so you can live like a baller in, say, Scranton. But yuppies are gonna do what yuppies do- live in urban/semi urban areas, go to farmers markets and eat artisanal mustard at farm to table restaurants. That's how we roll.
In some ways, I envy people who have strong familial ties or prefer to live in less densely populated areas in the Midwest, South, and Mountain States. Not as much competition from other oncologists, down to earth patients, higher pay, less taxes, and lower cost of living is really a winning combination.
You would think that, but in FL, despite the huge medicare population, the market is tighter than it has been in years in the bigger metro areas from what I've been hearing from prospective job seekers.
I think the midwest is where the jobs are this year.
You would think that, but in FL, despite the huge medicare population, the market is tighter than it has been in years in the bigger metro areas from what I've been hearing from prospective job seekers.
In general, what midwest states are best for rad oncs?
Interesting enough, one of the groups in the DC area increased their partnership track to 5 years. We extended ours, as well. So, maybe instead of obvious, drastic pay decreases, the trend might be to not offer partnership until later (as far as private practices go) and keep people on as employees for as long as possible.
In some ways, I envy people who have strong familial ties or prefer to live in less densely populated areas in the Midwest, South, and Mountain States. Not as much competition from other oncologists, down to earth patients, higher pay, less taxes, and lower cost of living is really a winning combination.
Yeah, but if you're married/have kids your life is basically over so you can live like a baller in, say, Scranton. But yuppies are gonna do what yuppies do- live in urban/semi urban areas, go to farmers markets and eat artisanal mustard at farm to table restaurants. That's how we roll.
In some ways, I envy people who have strong familial ties or prefer to live in less densely populated areas in the Midwest, South, and Mountain States. Not as much competition from other oncologists, down to earth patients, higher pay, less taxes, and lower cost of living is really a winning combination.[/QUOTE]
Get a good (paying) job in one of these states, opt for 8 weeks of vacation and get your fix by vacaying all you want in the big cities -- you get the best of both worlds.