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$200/hr pure tele-psych with one county(adults only). They pay insurance . I work 3 10 hour days - 2hours minimum admin time every day (I requested this). 1.5 hours for new patient and 30 minutes for f/u. Works out to about $24000 month gross. Pretty comfy (although no show rates have been approaching zero).
 
No benzos. But my assistant preambles that I won't, but they will be tapered if already on and receptive to this potential plan. I get a few here and there who specifically want that and its a good pairing. Granted if on benzos by Sleep Medicine say for RBD, I won't get involved with that. I've got 2-4 people who get their benzos from their PCP, one ambien from their PCP and each visit I review and offer to taper them off.

No prescribing any benzos has definitely slowed the rate of growth, and retention. But definitely has reduced the issues of my 'on call' phone. Back when I was in the Big Box Shop, I would cover for colleagues, and when I did that it was frequent benzo crisis after benzo crisis. lost script. Ran out, needs refills, etc, etc. I would prescribe more benzos in a one week coverage than I would over a 6-12 month period with my own patients.

I do stimulants, and to my surprise, a lot of ADHD, far more than alcohol/opioids. But I also urine test my stimulant patients, which some folks are grateful and see the utility for society greater good, or are ambivalent, but a few are ticked off and transfer elsewhere. But its also helped cut down on the comorbid cannabis use, and even picked up some other random elicits here and there too - confirmed with confirmation testing. Definitely a lot of stimulants.
Sushirolls, are you doing mostly Tele these days or still in person? Just curious.
 
I've heard of this kind of set up but it's my understanding that it is difficult to have this kind of practice if you didn't go to a "brand name" program or live outside a massive city like NYC, Boston, etc. Is this something that you believe could be reasonably achieved from somebody from a "mid/low tier" academic program in a smaller city, say 200k-500k?
So the wife just started her PP in a city of ~80k (catchment area is probably 300-500k within an hour) and she didn't go to a brand name program for either residency or fellowship. Been open for a little less than a year... first 3 months were 1/2 day on the weekend, next 7 month was one day a week, and since Aug has been "full time" 3.5 days a week.

She's currently 35% or so full (thinking 350-400 patients or so on panel as full) she'll probably get another bolus of patients when her former patients run out of their 3/6 month supply of meds she gave before she left. She's already getting the ones who have ADHD in since they're running out now and the University's student health clinic won't refill them. She might almost be full by the end of next year.

Her situation is relatively unique in that it seems like every Psychiatrist in town left all at once but even if that didn't happen she'd still be growing fairly quickly. She works well with some of the therapists in town and they send her a lot of referrals.
 
Sushirolls, are you doing mostly Tele these days or still in person? Just curious.
1) clinically I require in office for UDS for stimulants, suboxone and if needing an AIMS exam
2) if coming from out of state, they get to be in office due to state licensure issues
3) If not the above 2 issues, I let people choose. So far my weeks swing 70/30 in either direction. So at minimum 30% is in office or telemedicine. So far insurance companies haven't put up any big road blocks and I anticipate this blend to continue.
4) Pregnant or other immunocompromised I'll encourage to do telemedicine, but ultimately their choice
 
I can't second enough how much better having my own practice is than working for big box health care - especially with outpatient.
I would like to know if it's still possible anywhere to do inpatient and not work for an enormous parcel market. I only want to do inpatient, but ISTM all hospitals have been bought up by gigantic carton emporiums at this point.
 
I would like to know if it's still possible anywhere to do inpatient and not work for an enormous parcel market. I only want to do inpatient, but ISTM all hospitals have been bought up by gigantic carton emporiums at this point.
Years ago I talked with one place where the county owned and funded the hospital so was truly locally controlled and had constraints from being a larger entity. I suspect that has dampening effect on bureaucracy?

There are still a few states where there is no Certificate of Need, so in theory you could potentially open up your own small inpatient unit? But you may want a partner for coverage.

Or I suppose you could look for the places you might be willing to live, reach out to the medical staff offices, talk with them, get a copy of the bylaws, read them through and look for the hospitals that still function as hospitals. What I mean by that is that haven't become wannabe corporate HMOs that push out all the independents, have onerous conditions or draconian reinforcement of their rules. So you pick up privileges, get yourself on a call schedule and start having your own patients admitted to the unit. You do your own billing. Hopefully the hospital also has independent IM, hospitalists, and non-employed ED docs. You can then discuss with them about getting preferenced admissions if it isn't a fixed alternating list to the unit between you and the hospital employed group. Long term goals to thwart downstream politics, seek to get active in various hospital committees. *be aware there may be requirements of coverage and the existing group may not be cordial to cross cover, thus a partner is needed

The other option is to go into the belly the Big Box Shop - having read the hospital bylaws first - work there for X amount of time. Quit the job, but keep your privileges and then grow your practice. This would be needed for those places that are throwing up red flags for new entrants wanting to get privileges. You'll also want to have already got yourself on key hospital committees, like the Credentialing committee / med staff privilege's committee. This will be needed to buffer the backlash and possibly hostile politics to emerge in not leaving quietly like all the other doctors do. *be aware there may be requirements of coverage and the existing group may not be cordial to cross cover, thus a partner is needed
**If you had become the Med Dir when quit, that helps buffer the politics, but you will want to know how / who assigns the med dir role, so you don't lose and get pushed out.

There may even be some more rural hospitals that would welcome an independent psychiatrist who wants to be the med dir and simply take over for them. But those places will be hard to find, but they exist.

A less ideal option is to open a practice at a Critical Care access hospital, and do C/L and ED consults there. Even talk with the CEO about the legality of devoting 2-5 beds to Psych and sort of build a pseudo Psych unit that way? Probably need to also throw in the mix some outpatient to make it all work.
 
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