Full Time Emergency Medicine Physician job opening in Thousand Oaks, CA
Los Robles Hospital & Medical Center in Thousand Oaks, California, is searching for an Emergency Medicine Program Director candidate. Program Director would be responsible for the general administration, curriculum planning, recruitment, and teaching and supervision of the Emergency Medicine...www.scalppl.com
Definitely was not Apollo.
I don't know if school teachers in the US have this, but in canada they get a really nice pension plan. Even their pay can go upto 80k after a few years on the job.
Maybe not, probably TeamHealth actually.
State dependent I believe, I know most state employees used to be on state pension plans but not sure how universal that is anymore.
Yet they're not. Apollo is physician owned and not owned by a private equity firm.
A multi specialty group that crosses state lines and has 100s of contracts?
Doesn't matter how you spin it. Are we owned by a private equity firm? No. Are we owned by physicians? Yes. We have a true stock ownership and not a farce ownership like some CMG's. Having hundreds of contracts in multiple specialties doesn't change the fact of our ownership.
I would like to talk to those docs. Can you PM me with their names? I've never known of Apollo doing that ever, and as someone who is about to purchase more stock, I would be interested to talk to them about it as it would likely change my desire to purchase more if they were pressured to sell.
Wait. What?! Couldn't cash it out?
They also make BS fellowships (Admin, US, Sims, ect) to keep people there longer and use them as attendings instead of hiring more. Pretty soon just EDs with a PD, APD, 4 core faculty then fellows leading the ED. Think of all the savings patients will incur with those CEO bonuses. Then they can cut Envision/TH and run solo operations.
Well you could cash it out, but only when you quit. If you were fired for cause it was forfeit. They would not allow you to take the lump sump either, and forced you to take in monthly increments spread out over a year.
No. I know someone who left Apollo and still owns stock. He still gets K-1 distributions.
Sounds like legit stock, not like scam USACS garbage.
An ER doc just left my multispecialty group, 100% physician owned, due to the end of a hospital-contract. We're buying his shares back for $400,000. He paid a tiny fracture of that for the shares, with many given at a 99% discount and owned a small minority of outstanding shares. The highest payout in our history was $600,000, which was a quite a few years ago, to an ER doc. Share value has gone up a lot since then. I know of at least one doc (not EM) sitting on about $1,000,000 in share value. He's been with the company for more than 20 years.
Why don’t ER docs hedge their employment by buying HCA stock?
Some might. It's an individual decision. I know many HCA nurses do, but their situation is different. Since HCAs nurses are employed directly by HCA, I've been told they can buy and get matching HCA stock as part of their retirement plan. Physicians on the other hand, HCA doesn't directly employ for the most part, instead choosing to outsource that to CMG staffing groups (someone correct me if I'm wrong on this). They could still buy stock on their own, but wouldn't have any company match available. They might with their CMG employer, but not likely with HCA, unless directly employed.
I’ve seen this sentiment a fair bit lately. You know the “boomers” that sold us out are gone and counting their millions. The rest of us are all in the same boat.
Haha. TH/HCA couldn't afford any lube for us either.
