$600K in EM

[The White Coat Investor]

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I received a headhunter's ad today for a job in Washington State where partners make $300+/hour. At 2000 hours (167/month) that works out to $600K/year. WTH? When the average emergency doc makes $270K, how in the world can these guys be pulling in $600K. Or better yet, $300K while only working 20 hours a week.

http://www.stjohnjobs.com/details2.php?JobNo=EM305

 

[GeneralVeers]

I received a headhunter's ad today for a job in Washington State where partners make $300+/hour. At 2000 hours (167/month) that works out to $600K/year. WTH? When the average emergency doc makes $270K, how in the world can these guys be pulling in $600K. Or better yet, $300K while only working 20 hours a week.

http://www.stjohnjobs.com/details2.php?JobNo=EM305

Looks like one of those scams.

It says "$300/hour at partnership" and then "18-month partnership track"

Likely they pay you a low initial rate for 18 months, use you as slave labor, and then say "sorry you didn't make partner" at the end.

 

[gman33]

Looks like one of those scams.

It says "$300/hour at partnership" and then "18-month partnership track"

Likely they pay you a low initial rate for 18 months, use you as slave labor, and then say "sorry you didn't make partner" at the end.

How do you sniff out bogus partnership scams?
Talk to previous employees?

Is there any way to get a contract that specifies everything that is needed to become partner? I guess even then, there would be some type of subjective evaluation that they could use to screw you.

 

[ccfccp]

There's truth to the old adage: "If it sound too good to be true, it probably is..."

 

[WilcoWorld]

Speaking from no personal experience, I am simply relaying what I've heard elsewhere. However, it seems that if you got an honest answer to "What percentage of new hires make partner?" and "What usually prevents people from making partner?" then you'd get a pretty good idea of whether this is a scam.

 

[GeneralVeers]

How do you sniff out bogus partnership scams?
Talk to previous employees?

Is there any way to get a contract that specifies everything that is needed to become partner? I guess even then, there would be some type of subjective evaluation that they could use to screw you.

If they lay out specific criteria you have to meet in order to become partner and are willing to include those things in the contract then it's probably on the level.

If the criteria is vague, and they won't give you any details, then suspect a scam.

 

[Egon]

You'd be surprised at the range...I know guys who are clinical but on the private practice business development end with multiple sites making 800k, while my academic guys start at 185k.

Salaries have quite a range by geography and practice style. Owners who have practices in close to 100% insured areas make about 500K. There are some practices owned by one doc who pays the "staff" - these guys can make a million because it is "their business". These one owner practices are fading though...but still out there.

Salaries in Texas start at 200+ per hour...while in NY/NJ 100-120/hr is quite common.

It really varies, find out where you'll be happy, get exciting cases, money is always there if you can move...

 

[DrQuinn]

At one of our hospital sites we pay $350+ an hour, HOWEVER, out of this comes your malpractice, your retirement (50k a year), your disability, your coding/billing, etc. Whittles down to about $240-250 an hour but you still get kick butt benefits.

So maybe they are talking more about the entire package per hour.... but 2000 hours a year is killer, man.

Q

 

[Tiger26]

At one of our hospital sites we pay $350+ an hour, HOWEVER, out of this comes your malpractice, your retirement (50k a year), your disability, your coding/billing, etc. Whittles down to about $240-250 an hour but you still get kick butt benefits.

So maybe they are talking more about the entire package per hour.... but 2000 hours a year is killer, man.

Q

Is this at St. Mary's?