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I currently work for a physician owned multi-specialty group. Some of you might call it a small democratic group, although we've grown enough to be more a medium sized group (>25 but <100 providers) and aren't 100% 'democratic' (since the more shares you have, the more your vote counts.) Recently, one the the ER docs who was with us for > 15 years and worked his donkey-booty off the whole time, is leaving and gets $400,000 (for his group stock) on the way out the door. I think that's a pretty decent haul for a guy that didn't start the company but did take an active role over many years on the administrative and business side of things.
I actually feel good about my group paying this amount of money (others have gotten even more) to long-standing loyal and involved docs on the back end. Someone like this put in not only countless hours in the pit, but lots of years of hard, unseen behind the scenes work and deserves every penny. I'm not sure you'd get this when leaving a lot of other groups. Either way, it still feels good to know there are still physician-owned groups that can treat their own as if they're more than just highly-paid hourly cogs in an over spent machine running too low on oil and too high on RPMs. It definitely makes me want to stay with this group, so that there's a chance I'll get at least some reward at the end, albeit not enough to retire on, but at least a little something for the effort other than a cold, "Bye" and a kick in the old gluticus on the way out the door.
Demand the best for yourself.
I actually feel good about my group paying this amount of money (others have gotten even more) to long-standing loyal and involved docs on the back end. Someone like this put in not only countless hours in the pit, but lots of years of hard, unseen behind the scenes work and deserves every penny. I'm not sure you'd get this when leaving a lot of other groups. Either way, it still feels good to know there are still physician-owned groups that can treat their own as if they're more than just highly-paid hourly cogs in an over spent machine running too low on oil and too high on RPMs. It definitely makes me want to stay with this group, so that there's a chance I'll get at least some reward at the end, albeit not enough to retire on, but at least a little something for the effort other than a cold, "Bye" and a kick in the old gluticus on the way out the door.
Demand the best for yourself.
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