Daily reminder to do the bare minimum

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Expenses come off the top. It’s rvu based so payer doesn’t matter. It’s not a straight ffs model because of the issue you brought up. Would suck to code and do numerous procedured to ssve a life. Take 2 hours and get paid 0 while the other doc sees 10 week insured ankle sprains and makes 3k while u made 0. Also prevents cheating the game. When no one cares about payer mix that’s a win imo.
But do you assume an average payment per visit as well as RVU per visit to get your $/RVU? I would imagine it isn't a true eat what you kill because reimbursements change every year. If you don't adjust what you pay per RVU then you'll find your business out of money. It sounds like you just try to project your collections and then based the $/RVU off of that.
 
Straight pay = regression to the weakest. Worse system if you want efficiency
Straight RVU = Docs will cherry pick, straight up fight for charts esp when slow. Imagine if you had a slow day with double coverage, it can make for an uncomfortable situation if one doc is signing up for everything. Docs can game the system. Imagine if a 20 yr old abd pain and 80 YO weak and dizzy comes in, guess which one will be picked up and the other left to wait. Similar RVUs but one is exceedingly more time consuming. This is better than straight pay.
Hybrid of above probably the best but I have no idea the optimal percent breakdown.
 
Straight pay = regression to the weakest. Worse system if you want efficiency
Straight RVU = Docs will cherry pick, straight up fight for charts esp when slow. Imagine if you had a slow day with double coverage, it can make for an uncomfortable situation if one doc is signing up for everything. Docs can game the system. Imagine if a 20 yr old abd pain and 80 YO weak and dizzy comes in, guess which one will be picked up and the other left to wait. Similar RVUs but one is exceedingly more time consuming. This is better than straight pay.
Hybrid of above probably the best but I have no idea the optimal percent breakdown.

Sign up on people as soon as they sign in this is the case in my shop. APPs do this to so that 20 year old may be a rape case so it’s hard to cherry pic
 
But do you assume an average payment per visit as well as RVU per visit to get your $/RVU? I would imagine it isn't a true eat what you kill because reimbursements change every year. If you don't adjust what you pay per RVU then you'll find your business out of money. It sounds like you just try to project your collections and then based the $/RVU off of that.
We do it as such.

I generate 7% of the rvus for my site for a time period. My group decided to do it quarterly.

So let’s assume the rvus I generate in q1 get paid in q2. As such if I generate 10% of the rvus in q1 I’ll get paid 10% of collections after expenses for each month in q2 since we only get paid once per month.

Put another way we generate 500k in a month in revenues after expenses and my pay check would be 50k (minus personal expenses like retirement). The next month we collect 600k so my pay would be 60k.

Hope this makes sense and alleviates the issues you mention. It’s not perfect but no one complains.
 
Straight pay = regression to the weakest. Worse system if you want efficiency
Straight RVU = Docs will cherry pick, straight up fight for charts esp when slow. Imagine if you had a slow day with double coverage, it can make for an uncomfortable situation if one doc is signing up for everything. Docs can game the system. Imagine if a 20 yr old abd pain and 80 YO weak and dizzy comes in, guess which one will be picked up and the other left to wait. Similar RVUs but one is exceedingly more time consuming. This is better than straight pay.
Hybrid of above probably the best but I have no idea the optimal percent breakdown.
Straight rvu has issues. The real problem is as you identified. When slow we alternate. However as mentioned when I work with a slow doc I’m happy. The hybrid can bring out the worst of both. There is no perfect answer imo.
 
Narrow sighted. That partnership track isn't much different from what I went through. I made hour for my partnership track. I have now made 90th+ percentile EM income for years as a partner. I don't think it's a unicorn even if it's close. You wouldn't realize that based upon our pre-partnership track though. We're hiring. Not listing on this site, but our information is out there. You'll have to give sweat equity too. It's totally worth it.

Undesirable geography? Even if not, I personally wouldn’t trust an SDG not to sell out to private equity at this point.

You’re still ripping off your new hires with the “sweat equity” bull$hit. You’re not really an SDG. You’re a partner in a two-tiered ER practice.
 
And the differential is significant when a SDG pays $250-400/hour as partner while local CMGs pay $125-225/hour. Your 2-3 year partnership money loss is quickly recouped.

Big difference $250-400 so which is it? $250 isnt that hard to clear without being raped by the SDG owner-czars. I know of several well functioning groups where all providers range $300-330 from day 1 without having to put money in your (SDG partner) pocket. They certainly don’t advertise though.

SDG isn’t necessarily the holy grail if it’s still a two-tiered pyramid scheme, and the risks are higher than ever (of losing contract). At least in a CMG you know the rules of engagement (even if bad). Many CMGs have the numbers in a black box while they feast on new grads to keep the premium $$$ coming in for the greedy partners and they can devastate the non partners mere weeks before their “partnership track” is up under dubious circumstances.
 
Undesirable geography? Even if not, I personally wouldn’t trust an SDG not to sell out to private equity at this point.

You’re still ripping off your new hires with the “sweat equity” bull$hit. You’re not really an SDG. You’re a partner in a two-tiered ER practice.
Partners in a practice work to make it a functional business. Do you think some new hire should just come on day 1 and be a total equal? A full partner?

What would happen if that doc was a disruptive prick, someone who does nothing. We could all imagine a some of the worst quality of docs we have ever worked with and say do I want to marry this person and be stuck with them for their career?

I dont know of any business (lets call this what it is) that the new guy with most likely 0 experience just comes in and is an equal to the boss/owner.
 
Big difference $250-400 so which is it? $250 isnt that hard to clear without being raped by the SDG owner-czars. I know of several well functioning groups where all providers range $300-330 from day 1 without having to put money in your (SDG partner) pocket. They certainly don’t advertise though.

SDG isn’t necessarily the holy grail if it’s still a two-tiered pyramid scheme, and the risks are higher than ever (of losing contract). At least in a CMG you know the rules of engagement (even if bad). Many CMGs have the numbers in a black box while they feast on new grads to keep the premium $$$ coming in for the greedy partners and they can devastate the non partners mere weeks before their “partnership track” is up under dubious circumstances.
Agreed. You can find a gig for 300/hr in certain geographic regions. I also know in hawaii finding 200/hr takes an act of god. IMO SDG quality is a function of whats around you. my first job out of residency i made roughly 1/4 of what the partners made. It pissed me off. That being said once i became a partner i made 2x what the local cmgs were paying in a nice system where work was pretty easy and straightforward.

Note there are tiers in everything including some CMGs. For the CMGs you are nothing but a med mal sponge and a billing widget. Now there is nothing wrong with that if thats what you want your career to look like and i think in EM there is nothing wrong with that with the often generous time we can allocate to other interests/business. If you plan to do this for 150/160 hours a month thats a major mistake IMO.

One other nugget ill put out there, most of the SDGs that wanted to sell have already sold the top of the EM market was about 5-7 years ago. I think USACS is still buying with you taking at least 30% of your sale price in their trash stock and TH is looking to buy at a stupid discount. Essentially TH is bargain shopping to see which groups are desperate. USACS doesnt want to give up cash so you get 50-70% of your sale price in actual money the rest in stock you cant sell.

I think most (not all) of the predatory SDGs have sold and are out of the market. Most of the ones left are relatively fair when you look at what else is out there in the market.

Some SDGs are doing quite well even without scraping off the back of anyone else, some have to use an army of MLPs to keep their pay up high. Others surely do it by churning their new docs.

You do have to be smart. As I tell those who i counsel how many partners have left to work another EM job for any reason. IMO the highest paying jobs fully put the partners in golden handcuffs. People dont leave for another EM job for any reason. My prior group was like this. I was there 6 years, we had 40 partners. 0 of the 40 ever left to work in another ED.

Then once the long term looks promising, who are their hires, what happened to them and why? Many people in the beginning of their career will move. Ask to talk to the last 3 people who left, when you talk to them ask who else they knew that left and ask for a connection if the list is different than what the group gave you. You must do your due diligence.

Starting your career it is important you know what you are getting into and the people who quit are the best ones to give you an unfiltered take on whats going on.

In this and many other forums when a person leaves it is often portrayed as the SDG screwed them. My guess is thats true 75% of the time. About 25% of the time this was a doc who didnt know how to behave, was late to work, was disruptive, felt they were more special than everyone else. These entitled people exist. Again, we have all worked with some version of this person. Desperate sites will allow these people to erode the culture. Better jobs will push them out or simply ask them to leave / force them to go elsewhere.

Take this for what it is worth. I have no horse in this race.
 
Big difference $250-400 so which is it? $250 isnt that hard to clear without being raped by the SDG owner-czars. I know of several well functioning groups where all providers range $300-330 from day 1 without having to put money in your (SDG partner) pocket. They certainly don’t advertise though.

SDG isn’t necessarily the holy grail if it’s still a two-tiered pyramid scheme, and the risks are higher than ever (of losing contract). At least in a CMG you know the rules of engagement (even if bad). Many CMGs have the numbers in a black box while they feast on new grads to keep the premium $$$ coming in for the greedy partners and they can devastate the non partners mere weeks before their “partnership track” is up under dubious circumstances.
Is there a business or industry that lets someone automatically become an owner on Day 1 without some kind of buy in?
 
Is there a business or industry that lets someone automatically become an owner on Day 1 without some kind of buy in?

I mean, sure, reserve ownership and voting for the partners after x period of vetting and partnership is granted.

Doesnt mean that everyone can't make the same money from day one. Stealing from newbies to pay partners is predatory, hard stop.
 
Also @JacobMcCandles

You never answered me if you refund the prepartners you dont hire, or include contractual language protecting them from a buyout at the 11th hour.
 
I mean, sure, reserve ownership and voting for the partners after x period of vetting and partnership is granted.

Doesnt mean that everyone can't make the same money from day one. Stealing from newbies to pay partners is predatory, hard stop.
I imagine that you consider every business in the world with employees ‘predatory, hard stop’?
 
Also @JacobMcCandles

You never answered me if you refund the prepartners you dont hire, or include contractual language protecting them from a buyout at the 11th hour.
Sorry, I must have missed where you asked that.

All of our docs on the partnership track have all made partner so we haven’t been in that position. If there were a buyout, I have no doubt they would be made whole but we’re not interested in being bought out.
 
Sorry, I must have missed where you asked that.

All of our docs on the partnership track have all made partner so we haven’t been in that position. If there were a buyout, I have no doubt they would be made whole but we’re not interested in being bought out.

1) everyone has a price

2) why not put it in the contact?
 
Undesirable geography? Even if not, I personally wouldn’t trust an SDG not to sell out to private equity at this point.

You’re still ripping off your new hires with the “sweat equity” bull$hit. You’re not really an SDG. You’re a partner in a two-tiered ER practice.
No, highly desirable geography. Think ocean or mountains.

The SDGs remaining today already chose not to sell. PE and CMGs aren't coming for us today, and hopefully never. I think the trend is back in our direction.

Out of the full time physicians in our group, 96% are completely equal partners. Only 4% on the partnership track. I'd hardly call that a two-tiered system. All of us were once on the exact same pre-partnership track. Those on the track will almost assuredly join us as equal partners. The next one to join our partnership track got their foot in the door with part time work and has proven that they will be a great addition. Non-partner physicians in the wings with a little inside knowledge of our group readily recognize the benefits of our group. They hardly view us as predatory, malignant or ripping off others.

Big difference $250-400 so which is it? $250 isnt that hard to clear without being raped by the SDG owner-czars. I know of several well functioning groups where all providers range $300-330 from day 1 without having to put money in your (SDG partner) pocket. They certainly don’t advertise though.

SDG isn’t necessarily the holy grail if it’s still a two-tiered pyramid scheme, and the risks are higher than ever (of losing contract). At least in a CMG you know the rules of engagement (even if bad). Many CMGs have the numbers in a black box while they feast on new grads to keep the premium $$$ coming in for the greedy partners and they can devastate the non partners mere weeks before their “partnership track” is up under dubious circumstances.
1) There is a difference between pay at various SDGs, but it is usually almost higher than alternative options. 2) Within an SDG there is a fair difference in pay between partners. As alluded to above there are various fair methods of compensation structures that are optimally comprised of various percentages of base pay and productivity. Some physicians who are more productive in a group will make more. If you work more hours, you will make more. Nocturnists are also usually compensated more. I'm under no obligation to discuss our exact hourly rate. You would be shocked to find what you can sometimes make per hour though. I just gave an average range. It doesn't include the outliers.

You and others would benefit from toning down the inflammatory rhetoric in your posts. You can learn a lot if you are willing to inquisitively ask questions and listen. I suspect though if you are trying to do the bare minimum, you aren't appreciate of where you work. You may not be ready to jump ship now, but I imagine it's only a matter of time.
 
1) everyone has a price

2) why not put it in the contact?
CMGs aren’t currently in a position to realistically meet anyone’s price.

We’ve never strongly considered selling out and our contracts haven’t changed for decades. On the flip side, why would we put in the contract when we can keep it out and still do it? I’d be hesitant to sign any contract in medicine that mentions selling out to PE/CMG. That’d make me think it’s a sure thing to happen.
 
You also have to hire and fire
Personal insults aside, do you refund the difference between the rate you pay your prepartners and the MGMA average if you decide halfway through their partnership track that you don't like them, or is this just kept and distributed to the partners?
2) why not put it in the contact?
One of the cons of involvement in group leadership is that you are involved in discipline and firing decisions.

Some will show up as pre-partners and have terrible productivity or work ethic despite seemingly good qualifications. You don't pay them top dollar right off the bat only for them to lose you money.

It takes time to get to know someone. Personality flaws don't always come through in an interview or two. You don't give 'tenure-ship' to someone until you get to date them for a while.

Lastly, sometimes bad apples sneak through the cracks. Or they develop flaws with years of practice.

Firing a partner is hard. Not only takes a majority group vote, but also is occasionally accompanied by a severance package or litigation. It can still be quite costly if firing with very good cause.

Agree with @JacobMcCandles. We don't intend to sell. Listing a contingency of our demise or every possible worse outcome isn't contract worthy.
 
1) everyone has a price

2) why not put it in the contact?
1) for sure

2) the real answer is there is no need and 2 they can hire plenty of good docs without it. Might it happen sure.

Understand when a group sells the new owner buys stock. Non owners by definition can’t own stock.

If a group did this which wouldn’t happen you might then say it’s still unfair cause the owners pay capital gains and this person wouldn’t.

I would also say if you didn’t make this person a partner for legit reasons they could have another potential claim that you did this because you didn’t want them to have money.

One of my friends worked for ema when they sold to envision. He wasn’t a partner. He got like 30-50k. I imagine most ema docs got $1m.

Sucked bad for him. But anyone in the know knew ema was a slimy ass company. So no shock. That being said he felt he was making market rate money.

In lieu of what you are asking if the sdg paid a fair market rate would that work? Docs would take no risk? Just trying to see where your fairness line falls.

For the sake of example let’s say a market rate is $200/hr as an ic to keep it all simple. The sdg had a similar location and also paid $200/hr but the partners made $500/hr. Curious your thoughts on that.
 
I think we got off topic. This devolved into CMG vs. SDG. What it really should be is: "How to survive at a CMG site while doing the bare minimum, making decent money, and maintaining good work/life balance"
We did shift the topic of discussion.

I'd argue that the tangent is relevant though because resigning yourself to misery isn't the right answer. Seek the change you want and it will result in greater satisfaction. It requires risk and stepping into the abyss. The risk is worth the reward. Like every entrepreneur, you might get burned. Perhaps even multiple times. Eventually though you'll find success with a persistent mindset.

I'm cognizant that many won't have the motivation and drive to make that happen. Sure, for a few a location change and better job may not result in more satisfaction based upon individual circumstances as a job isn't everything. Many overly inflate their inability to change location though.

Ultimately, If you need a place to commiserate then you have my full support as I hold no love for CMGs and PE. If you were in the pit next to me I'd have your back against any out-of-touch administrator. I defend our EPs in committee all of the time. Fight the good fight.
 
We did shift the topic of discussion.

I'd argue that the tangent is relevant though because resigning yourself to misery isn't the right answer. Seek the change you want and it will result in greater satisfaction. It requires risk and stepping into the abyss. The risk is worth the reward. Like every entrepreneur, you might get burned. Perhaps even multiple times. Eventually though you'll find success with a persistent mindset.

I'm cognizant that many won't have the motivation and drive to make that happen. Sure, for a few a location change and better job may not result in more satisfaction based upon individual circumstances as a job isn't everything. Many overly inflate their inability to change location though.

Ultimately, If you need a place to commiserate then you have my full support as I hold no love for CMGs and PE. If you were in the pit next to me I'd have your back against any out-of-touch administrator. I defend our EPs in committee all of the time. Fight the good fight.
For many of us it's nearly impossible to do SDG. Can I do an SDG in a no-tax state with sunny weather? I'm not willing to trade 6 months of snow, and/or $30K in taxes to get a slightly higher salary (FYI my baseline salary is $300/hr).

Also for someone who wants to do the bare minimum, a CMG is a better fit. I get the allure of being a partner in a business like an SDG, but it still sounds like an awful lot of non-clinical work for which you aren't compensated to keep the business running. Not a good fit for us burnt-out, lazy, minimalists.
 
1) for sure

2) the real answer is there is no need and 2 they can hire plenty of good docs without it. Might it happen sure.

Understand when a group sells the new owner buys stock. Non owners by definition can’t own stock.

If a group did this which wouldn’t happen you might then say it’s still unfair cause the owners pay capital gains and this person wouldn’t.

I would also say if you didn’t make this person a partner for legit reasons they could have another potential claim that you did this because you didn’t want them to have money.

One of my friends worked for ema when they sold to envision. He wasn’t a partner. He got like 30-50k. I imagine most ema docs got $1m.

Sucked bad for him. But anyone in the know knew ema was a slimy ass company. So no shock. That being said he felt he was making market rate money.

In lieu of what you are asking if the sdg paid a fair market rate would that work? Docs would take no risk? Just trying to see where your fairness line falls.

For the sake of example let’s say a market rate is $200/hr as an ic to keep it all simple. The sdg had a similar location and also paid $200/hr but the partners made $500/hr. Curious your thoughts on that.

I think fair market rate is a fine deal for prepartners.
 
For many of us it's nearly impossible to do SDG. Can I do an SDG in a no-tax state with sunny weather? I'm not willing to trade 6 months of snow, and/or $30K in taxes to get a slightly higher salary (FYI my baseline salary is $300/hr).

Also for someone who wants to do the bare minimum, a CMG is a better fit. I get the allure of being a partner in a business like an SDG, but it still sounds like an awful lot of non-clinical work for which you aren't compensated to keep the business running. Not a good fit for us burnt-out, lazy, minimalists.

People turn into burnt out, lazy, minimalists when they feel as though their voice isnt heard, their work isnt appreciated, and their expertise is devalued.

The SDG model is a potential remedy for this as your efforts and work are more strongly correlated with the level of reward than in other models.

Below market pay for prepartners is predatory however. Closed books to non partners is equally so. People have real families that they need to support. How can one embark on the path to partner without even knowing the true benefits that await them on the other side?
 
People turn into burnt out, lazy, minimalists when they feel as though their voice isnt heard, their work isnt appreciated, and their expertise is devalued.

The SDG model is a potential remedy for this as your efforts and work are more strongly correlated with the level of reward than in other models.

Below market pay for prepartners is predatory however. Closed books to non partners is equally so. People have real families that they need to support. How can one embark on the path to partner without even knowing the true benefits that await them on the other side?
I think you hit the key point in your last sentence. If SDGs are so lucrative, then new partners should start at market rate. If the local CMG is paying $250/hour, that's what new hires should start at. If the SDG is that profitable, then once you make partner it should be significantly more. In this way there would literally be no risk to starting with an SDG. The risk profile is what most of us are concerned about.
 
I also feel that we blame a lot of new grads. But please try to remember we were all new grads and then after working 20 shifts, making 50 K as well as studying. You sign anything since even Denver is a pay increase

Also if you have a family you are very desperate to work with those loans and you have been living on credit cards
 
I think you hit the key point in your last sentence. If SDGs are so lucrative, then new partners should start at market rate. If the local CMG is paying $250/hour, that's what new hires should start at. If the SDG is that profitable, then once you make partner it should be significantly more. In this way there would literally be no risk to starting with an SDG. The risk profile is what most of us are concerned about.
There isn’t reward without risk. Some of you want your cake and to eat it too.

I risked $300K in debt to become a doctor. I also took a financial risk as a pre-partner in a SDG (granted less risk).

Risk = reward. Those of us that took risks, worked hard and built something, aren’t giving you something for free and no risk. Sorry.
 
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People turn into burnt out, lazy, minimalists when they feel as though their voice isnt heard, their work isnt appreciated, and their expertise is devalued.

The SDG model is a potential remedy for this as your efforts and work are more strongly correlated with the level of reward than in other models.
Completely agree.

Below market pay for prepartners is predatory however. Closed books to non partners is equally so. People have real families that they need to support. How can one embark on the path to partner without even knowing the true benefits that await them on the other side?
It’s not predatory. It’s fair when the reward supersedes the alternative.

You should know two things though when joining a SDG:
1) What percentage of people have made partner in the last 5 years.
2) What is average partner pay. It’s also helpful to know the range of partner pay.

We fully disclose both of those factors to interviewees.
 
For many of us it's nearly impossible to do SDG. Can I do an SDG in a no-tax state with sunny weather? I'm not willing to trade 6 months of snow, and/or $30K in taxes to get a slightly higher salary (FYI my baseline salary is $300/hr).

Also for someone who wants to do the bare minimum, a CMG is a better fit. I get the allure of being a partner in a business like an SDG, but it still sounds like an awful lot of non-clinical work for which you aren't compensated to keep the business running. Not a good fit for us burnt-out, lazy, minimalists.
Opportunity costs. I do pay state taxes and don’t see absolutely perfect weather year around. I like the weather I do have though. Don’t have 6 months of snow. Huge percentage of sunny days. Nowhere near $30K in state income taxes. Higher pay than $300/hour. Most spend just a few non-clinical hours a month.

You want the bare minimum though then EM was the wrong choice. A hour of EM is 1.5-2 hours of work doing anything else. It’s a laborious field. You do work a litttle less for each dollar earned in a SDG than in other EM environments even if you put in a little more effort overall.
 
For many of us it's nearly impossible to do SDG. Can I do an SDG in a no-tax state with sunny weather? I'm not willing to trade 6 months of snow, and/or $30K in taxes to get a slightly higher salary (FYI my baseline salary is $300/hr).

Also for someone who wants to do the bare minimum, a CMG is a better fit. I get the allure of being a partner in a business like an SDG, but it still sounds like an awful lot of non-clinical work for which you aren't compensated to keep the business running. Not a good fit for us burnt-out, lazy, minimalists.
Much like sdgs may sell whenever you mention some numbers. Would you leave for a job that paid 450/hr? 500? 600?

Define slightly higher. I would argue that working for an sdg for a slightly higher salary (for partners) never makes sense. You do have to do extra. To me that’s not worth $10-20/hr.

Again I think I’m the next 3-5 years that spread is gonna become mich bigger than today. Most sdgs are making 30-100% more than the surrounding cmgs.
 
I think you hit the key point in your last sentence. If SDGs are so lucrative, then new partners should start at market rate. If the local CMG is paying $250/hour, that's what new hires should start at. If the SDG is that profitable, then once you make partner it should be significantly more. In this way there would literally be no risk to starting with an SDG. The risk profile is what most of us are concerned about.
In many places, CMGs pay more because they’re trying to keep their contract from imploding. They’re hemorrhaging money. SDGs can’t/shouldn’t do that. I have no desire to try to match CMG’s last ditch efforts before they implode. If a doc wants to chase that money, go for it.
 
#1 - Docs out of residency typically are 29+ YO. They can read contracts, do their due diligence, etc. If they chose to join a SDG/CMG, then that is their choice. A contract may appear "predatory" to some, but if you signed it and knew what you were getting yourself; If it turns out bad then take blame/learn for the next time, its not the groups fault IMO. You learn more by making mistakes than not. Now, there are Fair groups and groups that takes advantages of new hires. Its the doc's job to figure this out. The fair ones will have longevity and the "predatory" ones will have a short existence.

Its a tough world. Life if not always fair. Groups may treat docs poorly. But I would never call them predatory. Docs can leave if they want. Docs read the contract. Docs "should" know what they got themselves into. The blame ultimately is on them.

#2 - A SDG is NOT a business. A SDG Partner does NOT own anything. Would you call a hair stylist at Super Cuts owning a business? Truthfully, the stylist has more of a business b/c she can set up shot across the street and have her clients follow her/him. Sorry to Pop SDG "Owners" bubble, but a SDG if not a business. You own nothing of value. You have nothing to sell. You essentially have a promise to see the hospital's patients, in the hospital, using the hospital's staff to bill insurance. I was part of a SDG similar to Mount. I would even call it a Unicorn and more fair than what Mount described. But it was NOT a business. We were forced to sell to TH, and they essentially paid us to "shut up/do your job" x 2 yrs. They did NOT pay us for anything other than good will.

I am a partner of a FSER and this is a business. We own the equipment, we "own" the patient panel, we have staff on payroll. There is a tangible value.
I have a bunch of rentals. This is a business. I have property to sell. People pay me to live in it. I can use it as collateral.
I own a RE syndication LLC. I have an office. I have an investor panel. I pay bills. I have some tangible value.
 
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#1 - Docs out of residency typically are 29+ YO. They can read contracts, do their due diligence, etc. If they chose to join a SDG/CMG, then that is their choice. A contract may appear "predatory" to some, but if you signed it and knew what you were getting yourself; If it turns out bad then take blame/learn for the next time, its not the groups fault IMO. You learn more by making mistakes than not. Now, there are Fair groups and groups that takes advantages of new hires. Its the doc's job to figure this out. The fair ones will have longevity and the "predatory" ones will have a short existence.

Its a tough world. Life if not always fair. Groups may treat docs poorly. But I would never call them predatory. Docs can leave if they want. Docs read the contract. Docs "should" know what they got themselves into. The blame ultimately is on them.

#2 - A SDG is NOT a business. A SDG Partner does NOT own anything. Would you call a hair stylist at Super Cuts owning a business? Truthfully, the stylist has more of a business b/c she can set up shot across the street and have her clients follow her/him. Sorry to Pop SDG "Owners" bubble, but a SDG if not a business. You own nothing of value. You have nothing to sell. You essentially have a promise to see the hospital's patients, in the hospital, using the hospital's staff to bill insurance. I was part of a SDG similar to Mount. I would even call it a Unicorn and more fair than what Mount described. But it was NOT a business. We were forced to sell to TH, and they essentially paid us to "shut up/do your job" x 2 yrs. They did NOT pay us for anything other than good will.

I am a partner of a FSER and this is a business. We own the equipment, we "own" the patient panel, we have staff on payroll. There is a tangible value.
I have a bunch of rentals. This is a business. I have property to sell. People pay me to live in it. I can use it as collateral.
I own a RE syndication LLC. I have an office. I have an investor panel. I pay bills. I have some tangible value.
Huh? I was following you until you went off on a business definition tangent. There are lots of businesses that are based solely on contracts. CPA firms, law firms, etc. SDGs typically have one large customer, I’ll give you that. But, that’s why it’s important to make them changing contracts very difficult. For whatever reason, your SDG’s only customer wasn’t happy so they switched.
 
Law Firms/CPA firms are a business. They have tangible assets/client lists. If they lose a customer, they can get more.

SDGs are the customers of the hospital just to be clear. SDGs have zero assets. Our SDG was bought out b/c they made an unreasonable demand and wanted us to do Non ER duties. But this further proves it is not a business.

I went on a diversion to point out how fragile any unicorn SDG is because they are not true businesses.
 
Law Firms/CPA firms are a business. They have tangible assets/client lists. If they lose a customer, they can get more.

SDGs are the customers of the hospital just to be clear. SDGs have zero assets. Our SDG was bought out b/c they made an unreasonable demand and wanted us to do Non ER duties. But this further proves it is not a business.

I went on a diversion to point out how fragile any unicorn SDG is because they are not true businesses.
I’ll jump in and disagree with you. There are sdgs with multiple clients.

Would you consider Vituity a business? If so then your issue is only scale. We have some auto manufacturers near me. There are businesses who only make car seats for a single auto manufacturer is that a business cause they only have one client?

The cpa /lawyer doctor thing is because we are all service businesses. Consultants too. Heck private equity too. We don’t sell a tangible product.

I think you issue is scale. Most (imo) sdgs have one contract and one system they serve. That seems to be your issue.

If an sdg can be sold it’s a business. You may consider them at high risk but a business nonetheless.
 
Law Firms/CPA firms are a business. They have tangible assets/client lists. If they lose a customer, they can get more.

SDGs are the customers of the hospital just to be clear. SDGs have zero assets. Our SDG was bought out b/c they made an unreasonable demand and wanted us to do Non ER duties. But this further proves it is not a business.

I went on a diversion to point out how fragile any unicorn SDG is because they are not true businesses.
To the point above unreasonable demands were made in your opinion and this might be true. TH met them. That’s the reality when you have one client. You don’t keep them happy and they leave. You then have 2 options. Keep your client happy or fold up shop if you wont diversify.
 
Law Firms/CPA firms are a business. They have tangible assets/client lists. If they lose a customer, they can get more.

SDGs are the customers of the hospital just to be clear. SDGs have zero assets. Our SDG was bought out b/c they made an unreasonable demand and wanted us to do Non ER duties. But this further proves it is not a business.

I went on a diversion to point out how fragile any unicorn SDG is because they are not true businesses.
Some CPAs have one or two very large clients and that’s it. SDGs can get more contracts but it’s up to them if it’s worth it to them or not. You only need one client to be in business. Every business you mentioned you’re involved in is at the mercy of many things outside of its control, no matter what you think.
 
#1 - Docs out of residency typically are 29+ YO. They can read contracts, do their due diligence, etc. If they chose to join a SDG/CMG, then that is their choice. A contract may appear "predatory" to some, but if you signed it and knew what you were getting yourself; If it turns out bad then take blame/learn for the next time, its not the groups fault IMO. You learn more by making mistakes than not. Now, there are Fair groups and groups that takes advantages of new hires. Its the doc's job to figure this out. The fair ones will have longevity and the "predatory" ones will have a short existence.

Its a tough world. Life if not always fair. Groups may treat docs poorly. But I would never call them predatory. Docs can leave if they want. Docs read the contract. Docs "should" know what they got themselves into. The blame ultimately is on them.

#2 - A SDG is NOT a business. A SDG Partner does NOT own anything. Would you call a hair stylist at Super Cuts owning a business? Truthfully, the stylist has more of a business b/c she can set up shot across the street and have her clients follow her/him. Sorry to Pop SDG "Owners" bubble, but a SDG if not a business. You own nothing of value. You have nothing to sell. You essentially have a promise to see the hospital's patients, in the hospital, using the hospital's staff to bill insurance. I was part of a SDG similar to Mount. I would even call it a Unicorn and more fair than what Mount described. But it was NOT a business. We were forced to sell to TH, and they essentially paid us to "shut up/do your job" x 2 yrs. They did NOT pay us for anything other than good will.

I am a partner of a FSER and this is a business. We own the equipment, we "own" the patient panel, we have staff on payroll. There is a tangible value.
I have a bunch of rentals. This is a business. I have property to sell. People pay me to live in it. I can use it as collateral.
I own a RE syndication LLC. I have an office. I have an investor panel. I pay bills. I have some tangible value.
Agree with point #1.

I'll have to disagree with you on #2. We are definitely a business. Service business, but a business none the less. If a free standing ED leases the building/equipment, would that no longer make them a business since they don't own anything? We so happen to get to lease our building and equipment for free by contracting with a hospital system. Sure we don't get the valuable facility fees, but we very much run a business.

We have an office. We have office staff on payroll (manager, billing, QA). We pay payroll taxes. We contract with an accountant, investment/retirement firm, HR and legal. Took out a business PPP loan during the pandemic. Hospital refers to our business when discussing our group with us. We discuss our business in our monthly board meetings. We evaluate physician staffing/coverage for our hospital system and previously even a small hospital not a part of our system. I'd say we own something of value.

I'm not sure how you feel your SDG was more fair than mine, but feel ours is pretty fair. We weren't forced to sell so maybe we are more of a business and more of a unicorn than even I feel, but who knows. Not a competition. We do have a valuable business though.
 
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I know by the definition of a business, its a business. You guys have missed my point that the fragility and lack of control is huge.

If a business doesn't do well, they can shut down, sell their properties and recoup some money. There is value.

A SDG can have their contract taken away and have zero value.
I'm not sure how you feel your SDG was more fair than mine
Our SDG. 2 yr partner track. Pay rate (around 225-250/hr) was the same as partners except they did not get a yearly distribution which amounted to about 50k/yr or about $35/hr. Everything else was equal. Benefits, shift differential, nights, holidays, etc were the same. Most of our profits were paid out as salary thus the minimal $35/hr differential.

Pay package with benefits was around $250-275/hr. After 2 yrs, buy in was 100k which was optional. Partnership was essentially guaranteed after 2 yrs unless the doc was a bottom 5%.
 
I know by the definition of a business, its a business. You guys have missed my point that the fragility and lack of control is huge.

If a business doesn't do well, they can shut down, sell their properties and recoup some money. There is value.

A SDG can have their contract taken away and have zero value.

Our SDG. 2 yr partner track. Pay rate (around 225-250/hr) was the same as partners except they did not get a yearly distribution which amounted to about 50k/yr or about $35/hr. Everything else was equal. Benefits, shift differential, nights, holidays, etc were the same. Most of our profits were paid out as salary thus the minimal $35/hr differential.

Pay package with benefits was around $250-275/hr. After 2 yrs, buy in was 100k which was optional. Partnership was essentially guaranteed after 2 yrs unless the doc was a bottom 5%.
There is a little lack of control. That point isn’t missed. However, having flexibility and adapting to maintain a contract gives you control.

You didn’t really answer my question. The devil is in the details. Our buy-in is significantly less than yours. My partnership track was shorter than yours at the time. Nights, holidays, etc. also equal. I wouldn’t argue yours necessarily any more fair. In fact, somewhat similar although slightly different structures and different compensation.
 
Our buy-in is significantly less than yours. My partnership track was shorter than yours at the time
You said your became partner in a little less than 3 yrs and made less than 150/hr. My SDG was 2 yrs track, 50k/yr less, plus 100K buyin.

I will give you all of the benefit of the doubt and assume Zero buy in, 150/hr, Partner 300/hr, and 3 yr track with everything else equal between partner/nonpartners with 120 hr/mo work schedule. 150/hr x 120 x 12 x3 = 648K gap.

Our SDG was equal other than 50k/yr, 2 yr track, 100K buying = 200K.

The difference in partnership track is even more drastic when you look at a time component. If two new hires in each group happened to get "screwed" and was not made partner then Our SDG is out of 100K over 2 yrs. Your non partner would be out of 648K over 3 yrs.

Most looking at this would say our SDG track was very fair and yours is "Predatory".

The point you are missing is life never happens to go as you plan. What if you have to move, contract lost, decide not to be a partner? You would have been out of 648K and I would be out 100K max.

And don't say life doesn't happen b/c many it does
 
You said your became partner in a little less than 3 yrs and made less than 150/hr. My SDG was 2 yrs track, 50k/yr less, plus 100K buyin.

I will give you all of the benefit of the doubt and assume Zero buy in, 150/hr, Partner 300/hr, and 3 yr track with everything else equal between partner/nonpartners with 120 hr/mo work schedule. 150/hr x 120 x 12 x3 = 648K gap.

Our SDG was equal other than 50k/yr, 2 yr track, 100K buying = 200K.

The difference in partnership track is even more drastic when you look at a time component. If two new hires in each group happened to get "screwed" and was not made partner then Our SDG is out of 100K over 2 yrs. Your non partner would be out of 648K over 3 yrs.

Most looking at this would say our SDG track was very fair and yours is "Predatory".

The point you are missing is life never happens to go as you plan. What if you have to move, contract lost, decide not to be a partner? You would have been out of 648K and I would be out 100K max.

And don't say life doesn't happen b/c many it does
Your numbers are still off. Our partnership track has mildly changed over time several times, which is partially why I didn’t put specifics. I primarily left and will leave slightly vague though for anonymity. I’ve been doxxed before on this site and would prefer to avoid again. Your partnership track not a significantly better deal though. I’m fine just leaving it at that as it is irrelevant any more given your SDG no longer exhists. Just be careful criticizing what you don’t know.
 
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Your numbers are still off. Our partnership track has mildly changed over time several times, which is partially why I didn’t put specifics. I primarily left and will leave slightly vague though for anonymity. I’ve been doxxed before on this site and would prefer to avoid again. Your partnership track not a significantly better deal though. I’m fine just leaving it at that as it is irrelevant any more given your SDG no longer exhists. Just be careful criticizing what you don’t know.
I didn't criticize anything. I just compared what you put in your posts which you stated made less than 150/hr as a prepartner, partners made in the 90%=300/hr, and it took close to 3 yrs. But hey, go ahead and move the goal posts.

If I intended to criticize, I would have said it is predatory when partners makes 2x more than prepartners.
 
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