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the owner stated he has MBAs/CPAs/compliance attorneys, so he must be safe from audits or the feds. Plus the job position got filled quickly!
Happens ALL the time. The major share holders simply “bully” the minor share holders. They have all the power and with it comes all the threats.
Plaintiffs allege that without the knowledge or consent of the [Individual Plaintiffs], [ ] Nolan’s spouse was paid a salary of two hundred forty-five thousand dollars ($245,000.00) and received a 401K contribution of nineteen thousand dollars ($19,000.00) from Piedmont as an employee despite not performing any work for the practice during said period, while said expenses were shared equally by [the Individual Plaintiffs] as part of the total employee expenses despite said expense not being a valid business expense. [W]ithout the knowledge or consent of the [Individual Plaintiffs], [ ] Nolan’s son was paid a salary of nineteen thousand nine hundred ninety-five dollars ($19,995.00) from Piedmont despite not doing any actual work for the practice, and said expense was shared equally by [the Individual Plaintiffs] as part of the total employee expenses despite said expense not being a valid business expense. [W]ithout the knowledge or consent of the [Individual Plaintiffs], [ ] Hauser’s spouse was paid a salary of one hundred sixty thousand three hundred ninety-five dollars ($160,395.000), received a 401K contribution of twenty-five thousand dollars ($25,000), and was provided a dental insurance coverage contribution of one thousand five hundred nine dollars and four cents ($1,509.04), received a health savings account contribution of seven thousand eight hundred dollars ($7,800.00), received a medical insurance contribution of eleven thousand six hundred eighty-eight dollars and fifty-six cents ($11,688.56); and received a vision insurance contribution of two hundred thirty dollars and thirty-six cents ($230.36) from Piedmont despite not doing any work for the practice during said period, while said expenses were shared equally by [the Individual Plaintiffs] as part of the total employee expense despite said expense not being a valid business expense.
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Can't imagine being a minor shareholder and not seeing the books.
Plaintiffs allege that without the knowledge or consent of the [Individual Plaintiffs], [ ] Nolan’s spouse was paid a salary of two hundred forty-five thousand dollars ($245,000.00) and received a 401K contribution of nineteen thousand dollars ($19,000.00) from Piedmont as an employee despite not performing any work for the practice during said period, while said expenses were shared equally by [the Individual Plaintiffs] as part of the total employee expenses despite said expense not being a valid business expense. [W]ithout the knowledge or consent of the [Individual Plaintiffs], [ ] Nolan’s son was paid a salary of nineteen thousand nine hundred ninety-five dollars ($19,995.00) from Piedmont despite not doing any actual work for the practice, and said expense was shared equally by [the Individual Plaintiffs] as part of the total employee expenses despite said expense not being a valid business expense. [W]ithout the knowledge or consent of the [Individual Plaintiffs], [ ] Hauser’s spouse was paid a salary of one hundred sixty thousand three hundred ninety-five dollars ($160,395.000), received a 401K contribution of twenty-five thousand dollars ($25,000), and was provided a dental insurance coverage contribution of one thousand five hundred nine dollars and four cents ($1,509.04), received a health savings account contribution of seven thousand eight hundred dollars ($7,800.00), received a medical insurance contribution of eleven thousand six hundred eighty-eight dollars and fifty-six cents ($11,688.56); and received a vision insurance contribution of two hundred thirty dollars and thirty-six cents ($230.36) from Piedmont despite not doing any work for the practice during said period, while said expenses were shared equally by [the Individual Plaintiffs] as part of the total employee expense despite said expense not being a valid business expense.
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Can't imagine being a minor shareholder and not seeing the books.
Both are wrong,....nothing is sinking inThat's well over $400k paid out to ghost workers who are generating zero revenue. And we were all hollering that a practice wanted to pay $300k base to an actual worker who will generate revenue.
Let that sink in.
I think the questionable part was the near 8 million collections by a single provider in a calendar year. Raises a few eyebrows.You are saying a practice cannot afford to pay an associate $300k or even $200k base? If a practice can pay over $400k in ghost workers then I don't see how a similar practice can't afford to pay an associate $300k base.
Most practices can pay more base salaries but choose not to pay more since new grads continue to accept the $100k base. A business owner is not required to voluntary raise salary if the market (new grads) does not demand it. With the new schools opening and pumping out more pods, unfortunately the $100k base jobs are not going anywhere or going any higher.
This is simply demand and supply economics at play here affecting base salary of new grads.
It is funny and also not funny but I bet that this same practice in North Carolina that paid out over $400k salary to ghost workers most likely hired their associates at $80k to $100k base with the typical 20-25% bonus after 3x collection. Let that sink in again.
For what it's worth, Dermatologists hawk private label creams, lotions, sunscreens, and a bunch of other garbage that don't really do much or aren't any better than OTC stuff. They also peddle laser BS.Podiatry creates a need for “creative” income more than most other fields in medicine.
We have no idea the exact billing practices or accounting practices at either practice.
I would (obviously) not be surprise both practices are a bit "creative":
I have said before the owner seemed to be more generous than many at Achilles, but paybacks or worse can still happen. Millions of likely unnecessary testing, helping to make Medicate unsustainable is not right (to me at least). Maybe just maybe they will keep money without paybacks...but to me at least it does not seem right.
Are some podiatrists just as creative and doing very well and yet still pay as little as possible to associates ....yes.
I am to starting think there might be something to this responsible capitalism movement.
I agree.....it is usually fraud.I have been in practice long enough and have been involved with insurance audits (as a consultant) to realize there’s no such thing as creative billing. Don’t fool yourself, it doesn’t exist that way. Creative billing is simply fraud. I’ve seen more than any of you can imagine.
Fraud. Period.I agree.....it is usually fraud.
Sometimes it is fraud with very good documentation making it harder to prove it was fraud and sometimes it is very egregious.
Also using something more than medically necessary or was more excessive treatment than necessary to begin with.
Also using something more than medically necessary or was more excessive treatment than necessary to begin with.
Nerve biopsy and Moore balance brace. Ugh.View attachment 361649
This practice always has an ad up on PMnews looking for the next prey associate
I actually once had a conversation with her and she told me how much money she was making. And I saw pics of her office and it was pretty impressive. But after speaking with her for 30 seconds it was obvious she was all about dispensing and over utilizing.View attachment 361649
This practice always has an ad up on PMnews looking for the next prey associate
View attachment 361649
This practice always has an ad up on PMnews looking for the next prey associate
View attachment 361649
This practice always has an ad up on PMnews looking for the next prey associate
How they view usWe are doing God’s work in this forum. The champions of podiatry hate us but we keep spreading the gospel.
You all are absolutely the most pedantic group
Here you go…I’m sure I would be offended if I knew what that word meant…
I’m not sure they understand the point of board certification.BE/BC Podiatrist to provide routine podiatric care
Paying MGMA for “routine” care? Hmm.General Podiatry for UPMC in Williamsport, PA
Williamsport, Pennsylvania
UPMC in Williamsport, PA is seeking a Full-Time BE/BC Podiatrist to provide routine podiatric care with this well-established group. Enjoy a rich referral base and excellent work-life balance.
As an employed “service partner” you will benefit from:
Teaching opportunities are available through our Family Practice Residency program.
- MGMA competitive salary and benefit package
- Annual incentive bonuses
- Relocation
- Generous CME days and dollars
- Medical malpractice/tail insurance coverage
- Robust retirement and benefits package
About UPMC in North Central Pa.
UPMC in North Central Pa. consists of five hospitals, including UPMC Cole, UPMC Lock Haven, UPMC Muncy, UPMC Wellsboro, and UPMC Williamsport, and various medical office locations. Our network of more than 600 experienced physicians, surgeons, mid-level providers, and caregivers strive to provide clinically excellent health care through a wide range of services. Caring for a 12-county region, we employ practitioners in a broad range of specialties recognized at the national and state levels for quality of care. In fiscal year 2020, we provided more $51.5 million in community benefit to those in the regions we serve.
UPMC in North Central Pa. serves a thriving rural community with affordable housing and strong school options. There is always something to do — local festivals, community events, and a wide variety of outdoor recreational activities including hiking, biking, boating, and skiing throughout the region. Williamsport has a vibrant cultural scene, excellent restaurants with diverse cuisines, a regional airport, two colleges, and is within a three-hour drive to urban life in Philadelphia, Pittsburgh, New York, and Baltimore.
Contact Information
Mary Grieco at [email protected] or via phone at 570-320-7696
Routine podiatry care is not just toenails except if the new hire decides to build the practice on nail care. A BE/BC Podiatrist will not be hired to clip nails all day.I’m not sure they understand the point of board certification.
Here you go buddynewbie here:
What is “MGMA competitive salary and benefit package”?
I have searched the internet but can’t seem to find these MGMA surveys that people are referencing
Paying MGMA for “routine” care? Hmm.
Williamsport, home of the Little League World Series. And I know Bucknell is about 15 miles away from when I played against them in college.
Really nice campus. Not a whole lot of excitement in that neck of the woods.
Opens up surgical schedule for other docs? Thats my assumption. THe provider isnt operating but is still generating surgical money in an indirect way.Paying MGMA for “routine” care? Hmm.
Williamsport, home of the Little League World Series. And I know Bucknell is about 15 miles away from when I played against them in college.
Really nice campus. Not a whole lot of excitement in that neck of the woods.
Look at the podiatry foot and ankle surgical numbers and then look at the orthopedic surgeon foot and ankle numbers. Reality in a nutshell.Here you go buddy
I know a pod who before I started school did nursing homes 4 days a week 7am-11am (sometimes noon). He made 300k a year doing that. Next to no overhead.Yeah I think they should have said “non-surgical” instead of “routine.” I think that’s what they meant. You’ll do nails, but also heel pain and ingrowns and warts…etc.
If I’m wrong then they are compensating someone around $300k to do nails…I’d want to blow my brains out but that’d be real easy money.
I know a pod who before I started school did nursing homes 4 days a week 7am-11am (sometimes noon). He made 300k a year doing that. Next to no overhead.
I know a pod who before I started school did nursing homes 4 days a week 7am-11am (sometimes noon). He made 300k a year doing that. Next to no overhead.
Down the street from my old practice there was a hospital paying non surgical podiatrists a boatload, rumor was that they can/would charge a facility fee for nail care