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Another Salary Thread

Discussion in 'Podiatry Students' started by jonwill, Mar 10, 2007.

  1. jonwill

    jonwill Podiatrist
    Podiatrist Moderator Emeritus 10+ Year Member

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  2. doclm

    doclm Senior Member
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    Is this accurate with net income from a business, or from being salary paid from a multispecialty, ortho, DPM group. Did you read the statistics on the recent issue of Podiatry Management? If so, do you believe those to be somewhat accurate as well? I was surprised to see how much DPM's were making throughout the entire US. I understand that with gross income, you pay about 45% overhead, but still the net is great if thats after taxes. Although this was just a representative sample of subjects, (66.1%) were over 40yrs of age, and (38.2%) were over 50yrs of age. However, only (33.9%) is under 40yrs of age. With the lower numbers of DPM students within the past 5-10 years, it appears that there will be (at least for a while) a lower number of DPM's practicing in the future. With the huge amount of diabetic patients that need Podiatric care, and ageing "baby boomers" it also appears DPM's will stay very busy in the near future.

    Sorry to go off on a wild tangent, but what are your thoughts on this.
     
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    jonwill

    jonwill Podiatrist
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    These are not business statistics but salaries. I'm sure the numbers include salaried pods in ortho and multispecialty groups, as well as those employed at hospitals. Concerning private practice, the numbers represented are salaries after business expenses. What a private practice makes before overhead and business taxes is "gross revenue" and generally not included in a salary report or listed as "salary".

    I think the APMA Young Members report is fairly accurate. After talking with one of the young members, he still thinks the numbers are a little low because of some things they failed to take into consideration. They are now working on a new one.
     
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