question about partnership

[sakura]

typically, how much from base salary will one realize after they partner?

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[huron]

typically, how much from base salary will one realize after they partner?

How much you get paid is negotiable and highly dependant on the group you join. What you are promised initially may be radically different for what you eventualy get paid.

There was a recent thread that covered many of these questions.

http://gasforums.studentdoctor.net/showthread.php?t=490306


There are good partnerships out there that will treat you honestly and pay you fairly where all the partners carry their fair share and you don’t end up supporting some older partner who does very little work but gets the lion’s share of the money.

The best situation is where you do your own cases and get to bill for them if you have to join a partnership you are very likely propping up someone else salary. You are getting paid less for doing more or the same amount of work as someone else for the empty promise of “making partner and finally getting paid “fairly and equally”

Unfortunately there are many bad partnerships out there. Places that will pay you little work you hard for three or more years without offering partnership then fire you and find a new graduate. Places where even when you make partner you find out there are two levels of partners and you are only eligible to do the crappy cases and get paid less.

You need to learn as much as you can about the group that you are joining, You need to go into that job knowing whether you will be offered partnership or be cast off like the last new grad they hired who worked for very little for three years and then got the boot.

AMC’s are as bad or worse as the bad partnerships groups because if you choose to work for an AMC you will never get paid fairly. The AMC owner is going to take the lion’s share of the money and feed you the table scraps. AMC owners are smooth talking lairs who job is to con you into working for far less than you could be paid anywhere else. They will pretend to be a partnership group, but you will always be a poorly paid employee of the AMC owner never an equal partner.

The other common AMC payment scam is the Bonus scam. AMC will promise that if you work hard, do more cases, take more call, your productivity will be rewarded with a big bonus that will offset the meager salary they pay. The AMC owner’s have dreamed up hundreds of excuses for why they can’t pay you the bonus this time but of course if you keep working hard next year you will get that big bonus. Just like a malignant group if you complain or confront the AMC owner about their lies you will get the boot and a bad recommendation to make finding a new job difficult.

So do your self and your career a favor don’t work for crooks, whether they are AMC owners or malignant groups.

 

[Noyac]

You should expect at least 750K minimum.

 

[Pilot Doc]

typically, how much from base salary will one realize after they partner?

Most partnerships are structured such that your base salary will not be much different from a non-partner. Couple reasons for this

1) salary is subject to a 1.5(ish) percent Medicare tax. Bonuses given to partners are not
2) Partners are business owners. After paying all the bills, they get what's left over. Life is more predictable with a relatively low salary and big bonuses than a high salary that may outstrip revenue in lean months.

As for huron's suggestion that billing for your own cases is the best deal, that's still subject to great inequity if certain partners get better cases/payors than others.

 

[Coastie]

Status-post Obama? You'll probably be paid in DNC politboro tickets or chickens, depending on which way the country goes after his disastrous presidency...

typically, how much from base salary will one realize after they partner?