Family Practice Beware!

[exPCM]

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[DrB]

Moral of the story;

Don't go to medical school looking for easy money. 🙄

You become a physician to help others, sometimes at the expense of yourself, but you do so because it is your calling and your purpose.


👍

 

[Saluda]

• 47% made less than $150,000 in annual compensation.

HEY MEDICAL SCHOOL ADMISSIONS COMMITTEES:

Stop letting spoiled kids into medical school!!! Do us all a favor and send them to B-school! They don't want to be doctors they just want to make money!


(boo hoo hoo I only make a hundred thousand dollars a year and I work so hard to get it boo hoo hoo)



• 89% call themselves “middle class.”

whatever. guess it's all perspective

 

[iatrosB]

• 47% made less than $150,000 in annual compensation.

I obviously hope to make more, but would be more than happy with $150,000

 

[iatrosB]

• 47% made less than $150,000 in annual compensation.

HEY MEDICAL SCHOOL ADMISSIONS COMMITTEES:

Stop letting spoiled kids into medical school!!! Do us all a favor and send them to B-school! They don't want to be doctors they just want to make money!


(boo hoo hoo I only make a hundred thousand dollars a year and I work so hard to get it boo hoo hoo)

Something to keep in mind is that the 150K figure probably includes those that work part time, or choose to work for less (underserved areas with bad reimbursements). It is not difficult to make 150 or more as an FP.

 

[McDoctor]

Something to keep in mind is that the 150K figure probably includes those that work part time, or choose to work for less (underserved areas with bad reimbursements). It is not difficult to make 150 or more as an FP.

I disagree, it is definitely difficult. Most likely out of residency, you will be taking employment positions, and your contract will be weighted to benefit your employer. You will have to see alot of patients per week, perhaps well over 100 depending on your overhead, to take home 150K per year, with most employed positions. Which is of course "difficult" to see a high volume and still practice good medicine, especially right out of residency when you are still relatively lacking clinical experience.

Your earning potential is greater if you work for yourself. However, to start private practice out of residency requires considerable business acumen and would be a huge time commitment. The process of getting credentialed and negotiating fee schedules with insureres itself would consume months of your life, at the expense of your family.

This is of course not a reason to avoid primary care. I'm just saying, you have to work very hard to make more than 150K and be good at what you do.

Alternately, you could go into Dermatology, work 30 hours per week, wax poetic about the various physical characteristics of different forms of eczema, prescribe topical triamcinolone or Elidel regardless, and comfortably make in excess of 200K. I'd rather work for a living.

 

[iatrosB]

I disagree, it is definitely difficult. Most likely out of residency, you will be taking employment positions, and your contract will be weighted to benefit your employer. You will have to see alot of patients per week, perhaps well over 100 depending on your overhead, to take home 150K per year, with most employed positions. Which is of course "difficult" to see a high volume and still practice good medicine, especially right out of residency when you are still relatively lacking clinical experience.

Your earning potential is greater if you work for yourself. However, to start private practice out of residency requires considerable business acumen and would be a huge time commitment. The process of getting credentialed and negotiating fee schedules with insureres itself would consume months of your life, at the expense of your family.

This is of course not a reason to avoid primary care. I'm just saying, you have to work very hard to make more than 150K and be good at what you do.

Alternately, you could go into Dermatology, work 30 hours per week, wax poetic about the various physical characteristics of different forms of eczema, prescribe topical triamcinolone or Elidel regardless, and comfortably make in excess of 200K. I'd rather work for a living.

Feel free to disagree. I stand by the statement. Maybe you're in a different part of USA than I am where it is difficult (say california, NY... 👎). If you're willing to live where others aren't (apparently where I live) than you can make 150K without much difficulty. Almost all the recent grads I've talked to in this region are getting offers of 150K+. Again, feel free to disagree, I don't think I've ever seen agreement on SDN in regards to salary of any specialty (OK, except for Derm).

 

[doc02]

Here's an idea: why don't all you leftists who are busting on people wanting to get compensated for their work sign a contract RIGHT NOW saying that you'll work full-time for $100K for the rest of your life? That is, you agree to do the same amount of work as everyone else, not part-time and not "I'll work the same number of hours but only see half as many patients." NONE of you would do that because you're great at talking big and telling medical schools not to accept people and really really sucky at following through on your own part.

EDIT: Actually, since you were busting on people who want to make more than $100K, I downgraded the number accordingly.

 

[thRob]

Is it feasible to work a few years as a hospitalist (4 or 5 maybe) to get some experience and money meanwhile preparing to open your own private practice?

 

[Faebinder]

Is it feasible to work a few years as a hospitalist (4 or 5 maybe) to get some experience and money meanwhile preparing to open your own private practice?

That really should be how it is done... with Family Medicine it should easier than say IM.

 

[Faebinder]

Here's an idea: why don't all you leftists who are busting on people wanting to get compensated for their work sign a contract RIGHT NOW saying that you'll work full-time for $100K for the rest of your life? That is, you agree to do the same amount of work as everyone else, not part-time and not "I'll work the same number of hours but only see half as many patients." NONE of you would do that because you're great at talking big and telling medical schools not to accept people and really really sucky at following through on your own part.

EDIT: Actually, since you were busting on people who want to make more than $100K, I downgraded the number accordingly.

😀 Thanks for replying cause I was just too tired to say something to Saluda.