buying podiatry practices for VS

[rezin385]

does anyone have any thoughts on buying podiatry practices? My thoughts are you would be able to increase referrals to your VS group to utilize your outpatient angio suite. Or quickly and aggressively push into a new area.. Stark laws wouldn't be a problem as the podiatrists could be a part of your VS group. I have several podiatry friends that say they are buying up practices that are grossing 250k a year and are hiring jr podiatrists for 150k a year. Seems like a win win.

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[GreenHousePub]

If your podiatry practice is grossing 250k a year that is one in deep, deep trouble. I'd be worried they aren't seeing enough people to make the referrals worth it. A good performing practice will be around the 1 million gross mark. Figure about 60% overhead if it's good.

Also, I am a big fan of buying podiatry practices, because I am a podiatrist. Your ideas sound pretty good though.

 

[rezin385]

If your podiatry practice is grossing 250k a year that is one in deep, deep trouble. I'd be worried they aren't seeing enough people to make the referrals worth it. A good performing practice will be around the 1 million gross mark. Figure about 60% overhead if it's good.

Also, I am a big fan of buying podiatry practices, because I am a podiatrist. Your ideas sound pretty good though.

Thanks for your thoughts. I probably have the terms incorrect. Netting 250k maybe. Either way they are all excited to buy just as you are

 

[Jolie South]

I think in general collaboration between podiatry and VS is a very good thing for limb salvage and is really a win/win. We can be totally complementary in care. Honestly, they fight for toes much more than I do and are great at wound care and general maintenance.

 

[Winged Scapula]

Thanks for your thoughts. I probably have the terms incorrect. Netting 250k maybe. Either way they are all excited to buy just as you are

Even netting $250K a year is a struggling practice.

But nonetheless, even if your numbers are off, as noted above its a natural relationship and could be a win-win for both.

I could even see a "super group" with Pod, Ortho, Vascular and PRS.

 

[GreenHousePub]

Collabs are dope

 

[Jolie South]

Even netting $250K a year is a struggling practice.

But nonetheless, even if your numbers are off, as noted above its a natural relationship and could be a win-win for both.

I could even see a "super group" with Pod, Ortho, Vascular and PRS.

This is what I am trying to create right now. We have vascular, PRS, and Ortho thus far.

Planning to have a multi disciplinary limb salvage conference.

 

[Winged Scapula]

This is what I am trying to create right now. We have vascular, PRS, and Ortho thus far.

See..I knew it was a good idea!

 

[Dares Dareson]

Why can't the podiatrist buy the vascular practice? Podiatrists have their own TV shows these days.

 

[LucidSplash]

Why can't the podiatrist buy the vascular practice? Podiatrists have their own TV shows these days.

I mean they could with enough $$ but honestly I know what my salary is even as a hospital employed VS, I know the ranges for PP, and most in PP want that $$.

 

[GreenHousePub]

Might be advantageous too for any legal suits that would follow, but not sure about that. I've been practicing under the FTCA for like 6 years.

But I think we all know that when diabetics start losing appendages they blame everyone but themselves.

 

[TypeADissection]

I think in general collaboration between podiatry and VS is a very good thing for limb salvage and is really a win/win. We can be totally complementary in care. Honestly, they fight for toes much more than I do and are great at wound care and general maintenance.

This is spot on. My patience with foot wounds is toe amp, TMA, BKA/AKA. That's it. I don't have the patience for multiple take backs and exploring the different fascial planes in the foot and ankle. I also don't have the training for the fancier amps beyond a TMA. I don't skin graft. I'm first a Storm Trooper shooting off little piggies and if that fails I become Darth Vader with a motherf***ing light saber and a gorgeous BKA/AKA will come afterwards.