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Doctors beware: There's a $400,000 target on your back
President Joe Biden recently signaled that a multi-trillion-dollar spending plan for our country should be paid for by the rich corporations and wealthy individual Americans who make over $400,000. Doctors fit the latter category and should tune in.
Beyond the government, the unique qualities of doctors make us a target for many who want to access our high income and our business revenue. Our passivity to these poachers places us at great risk because they recognize that we lack the time and proficiency to avoid them. Add our financial illiteracy to this, and you have a recipe for stakeholders reaching into our paycheck every pay period and inconspicuously taking their share from us.
Let’s take a look at the stakeholders who are targeting us.
Corporate America
Employers want you, and they’ll give you a lot of love to hook up with you. But in reality, they want your patients. Be prepared to separate their business interest in you from their personal interest.
Health care corporations recognize that physicians are unique employee-assets who can generate revenue with a relatively large return on investment. For example, a physician whose salary and benefits cost them $350,000 will lead to as much as $2-3 million dollars in downstream revenue. Through physician alignment, corporations gain market share and thus voluminous clinical care that converts into cash for the system.
President Joe Biden recently signaled that a multi-trillion-dollar spending plan for our country should be paid for by the rich corporations and wealthy individual Americans who make over $400,000. Doctors fit the latter category and should tune in.
Beyond the government, the unique qualities of doctors make us a target for many who want to access our high income and our business revenue. Our passivity to these poachers places us at great risk because they recognize that we lack the time and proficiency to avoid them. Add our financial illiteracy to this, and you have a recipe for stakeholders reaching into our paycheck every pay period and inconspicuously taking their share from us.
Let’s take a look at the stakeholders who are targeting us.
Corporate America
Employers want you, and they’ll give you a lot of love to hook up with you. But in reality, they want your patients. Be prepared to separate their business interest in you from their personal interest.
Health care corporations recognize that physicians are unique employee-assets who can generate revenue with a relatively large return on investment. For example, a physician whose salary and benefits cost them $350,000 will lead to as much as $2-3 million dollars in downstream revenue. Through physician alignment, corporations gain market share and thus voluminous clinical care that converts into cash for the system.
it is.
