What is the going salary for new associates?

Just wanted to share this article with everyone confused about the salary issue

http://www.podiatry.com/etalk/What-is-the-going-salary-for-t1527.html

There are huge differences in salary and practice situation. I started out of residency joining an established podiatrist making $80K base plus 40% of collections above $200K. First year I took home about $105K and thought this was a decent system. I then left and joined an orthopaedic group and make $120K base plus 20% of collections above $240K. I'm not finished the year with them but based on current numbers (keep in mind I'm building patient load) I'll likely end up collecting about $565K so $120K plus $65K=$180K. Next year I'll take a guaranteed base of 40% of previous year's collections plus bonus so $226K base plus bonus.

These are good numbers, thanks for your input!

newankle said:

There are huge differences in salary and practice situation. I started out of residency joining an established podiatrist making $80K base plus 40% of collections above $200K. First year I took home about $105K and thought this was a decent system. I then left and joined an orthopaedic group and make $120K base plus 20% of collections above $240K. I'm not finished the year with them but based on current numbers (keep in mind I'm building patient load) I'll likely end up collecting about $565K so $120K plus $65K=$180K. Next year I'll take a guaranteed base of 40% of previous year's collections plus bonus so $226K base plus bonus.

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Schhhhwinnnng!

newankle said:

There are huge differences in salary and practice situation. I started out of residency joining an established podiatrist making $80K base plus 40% of collections above $200K. First year I took home about $105K and thought this was a decent system. I then left and joined an orthopaedic group and make $120K base plus 20% of collections above $240K. I'm not finished the year with them but based on current numbers (keep in mind I'm building patient load) I'll likely end up collecting about $565K so $120K plus $65K=$180K. Next year I'll take a guaranteed base of 40% of previous year's collections plus bonus so $226K base plus bonus.

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These are very good numbers. I still dont understand why podiatry schools dont get flooded with applications even if it is relatively easy to get acceptance. I guess it is the ego...

BestDoctorEver said:

These are very good numbers. I still dont understand why podiatry schools dont get flooded with applications even if it is relatively easy to get acceptance. I guess it is the ego...

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Number of applicants and ease of acceptance go hand in hand. The reason why it's relatively easy to get in is because there are not that many applicants.

In my opinion, the reason why podiatry doesn't get many applicants is because the general public does not know what podiatrists do and what medicine is really about. Many say they do not want to deal with feet because 1) it is a limited scope of practice and 2) feet are gross. Well for #1 the foot and ankle are composed of bones, ligaments, tendons, skin, veins, arteries, and nerves. The foot and ankle account for 30% of all sports injuries. The most fractured bone in the body is the calcaneus or heel bone...accounts for 2% of all fractures. For #2 the foot is really not that gross. Compared to the rest of the body...aka anus...it is not that bad. For example, my brother is an EM resident and, on average, he performs 2-3 rectal exams PER DAY. Now that is gross.

janV88 said:

...The most fractured bone in the body is the calcaneus or heel bone...accounts for 2% of all fractures...

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Clavicle is most common fx. Ankle fx are up there also (I think 2nd most common but don't quote me). Maybe you misread.

Good insight on how pretty much every specialty has its less than ideal cases, though. You have to be comfortable with the body to be a doc of any specialty.

Feli said:

Clavicle is most common fx. Ankle fx are up there also (I think 2nd most common but don't quote me). Maybe you misread.

Good insight on how pretty much every specialty has its less than ideal cases, though. You have to be comfortable with the body to be a doc of any specialty.

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Hmmm...I read it in Emergency Orthopedics: The Extremities like a week ago. But your probably right...I must've misread it. Maybe it's the most common tarsal bone fracture?