NRAI2001 said:
So would having ur own private practice be more lucrative?
How would a group practice work with Anesthesiologists (sorry I don't know much about the field, just trying to learn more)?
The situations are quite variable. Locums can be quite profitable but you have to travel a lot and the work isn't always consistently available.
Working one on one with a single surgeon makes you on call 24/7 for that surgeon's case and unless you can arrange for acceptable coverage, you are only off when your surgeon is off. That practice mode is rare although I have friends that are one on one with busy gastroenterologists ("IV general" cases, sedation cases, high volume, low acuity).
You have to balance call responsibilities, travel, and expenses versus what you can project for income in those situations.
Group practice usually entails a consolidation of business expenses, insurance coverage, and reimbursement. I have discussed this issue in the past and you can search my posts for those replies.
Advantages to group practice: Minimized expenses, better insurance rates (group rate), call coverage, ability to expand business based on the number of people in your group, centralized billing.
Disadvantages: Variable income structure, partnership tracks, have to accept both good and bad surgeons and personalities that your group contracts with, good and bad personalities in your own group.