Guess what?

[deleted314957]

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Maybe I am the start of the "retirement wave". Never thought i'd do this at age 62 but I am retiring. The corporate a**holes just wore me down and I could not provide the level of service my patients and medical staff deserved. Hate to do it but i can't tolerate a 2-3 day T.A.T on a diagnostic bronch. let someone else take the heat.
A damned shame--I love the practice of pathology when i get the support i need.

 

[Thrombus]

Congratulations! May your dividends keep growing and paying.

 

[MOHS_01]

Maybe I am the start of the "retirement wave". Never thought i'd do this at age 62 but I am retiring. The corporate a**holes just wore me down and I could not provide the level of service my patients and medical staff deserved. Hate to do it but i can't tolerate a 2-3 day T.A.T on a diagnostic bronch. let someone else take the heat.
A damned shame--I love the practice of pathology when i get the support i need.

Congrats. I'd consider it myself... was it an option. I was just born too late. 😡

 

[2121115]

Hate to do it but i can't tolerate a 2-3 day T.A.T on a diagnostic bronch.

Not sure what you mean. Care to elaborate?

 

[deleted314957]

Corporate pathology (Quest/LabCorp) provides ****t*y support when you are a hospital pathologist and they have bought your practice and provide the TC. When we/I owned the practice it was 24 hr T.A.T.

 

[LADoc00]

Corporate pathology (Quest/LabCorp) provides ****t*y support when you are a hospital pathologist and they have bought your practice and provide the TC. When we/I owned the practice it was 24 hr T.A.T.

I personally dont think 62 is an "early" retirement.....for a pathologist though? Yes anything before 92 is early.

I have no indication you are the front break of a retirement wave in our profession Mike. In fact, Im seeing more and more totally crazy examples of pathologists with terminal diagnoses actually holding on to the bitter end...akin to you can have this practice income when you pry it from my dead cold fingers.

 

[Path or bust]

In fact, Im seeing more and more totally crazy examples of pathologists with terminal diagnoses actually holding on to the bitter end...akin to you can have this practice income when you pry it from my dead cold fingers.

Haha, i'm just in my second year of practice but I've seen 2 pathologists who each hold a hospital contract that are in this situation.

1. 72 year old female pathologist who has lymphoma, is getting chemotherapy. Has been trying to "sell her hospital based practice" for $500,000, sometime already. Plus she wants 300k to stay on indefinitely, part time.

2. 84 year old pathologist who flies in from a major Texas city every week, then flies out every weekend! He has had 2 MI's over the past few years and had to be taken to the ER while he was working a few years ago.

 

[veo1]

Haha, i'm just in my second year of practice but I've seen 2 pathologists who each hold a hospital contract that are in this situation.

1. 72 year old female pathologist who has lymphoma, is getting chemotherapy. Has been trying to "sell her hospital based practice" for $500,000, sometime already. Plus she wants 300k to stay on indefinitely, part time.

2. 84 year old pathologist who flies in from a major Texas city every week, then flies out every weekend! He has had 2 MI's over the past few years and had to be taken to the ER while he was working a few years ago.

Sad! Give someone else a chance!

 

[KCShaw]

I surmise no-one is going to fill in their roles as they did, at the same income, once those individuals depart said roles. Not in general, anyway.

Oh, and congratulations on retirement. I'm not sure that applies exactly -- a lot of people retire when they can, so it's an accomplishment to be *able* to retire, thus the congratulations. Word is you've been *able* for a while. Still, I have to party a little anytime someone makes it out of job life. Enjoy it!

 

[bosco77]

I have read at least 5 times as you bragged about selling your practice and continuing your "hobby".
Now you are retiring because you cant survive in the world you created.
Good riddance. Dont let the door hit you on the way out.

 

[deleted314957]

I have read at least 5 times as you bragged about selling your practice and continuing your "hobby".
Now you are retiring because you cant survive in the world you created.
Good riddance. Dont let the door hit you on the way out.

Hey, I created it to piss you off.

 

[jp123ok]

Maybe I am the start of the "retirement wave". Never thought i'd do this at age 62 but I am retiring. The corporate a**holes just wore me down and I could not provide the level of service my patients and medical staff deserved. Hate to do it but i can't tolerate a 2-3 day T.A.T on a diagnostic bronch. let someone else take the heat.
A damned shame--I love the practice of pathology when i get the support i need.

For people interested in the business of pathology as opposed to just collecting a paycheck, your post is cause for optimism. You highlight exactly why a motivated person/group can take market share from the larger labs ie the larger labs suck when it comes to T.A.T. (among other things).

 

[deleted314957]

For people interested in the business of pathology as opposed to just collecting a paycheck, your post is cause for optimism. You highlight exactly why a motivated person/group can take market share from the larger labs ie the larger labs suck when it comes to T.A.T. (among other things).

For sure. They have a very poor sense of real service. they pay a whole lot of lip service to it with no effective action.

 

[pathstudent]

I have read at least 5 times as you bragged about selling your practice and continuing your "hobby".
Now you are retiring because you cant survive in the world you created.
Good riddance. Dont let the door hit you on the way out.

C'mon man.

He was at the right place at the right time and did what was best for him and his family. And what if he hadn't done it? The demolition of our specialty would have continued anyway. There would still be the corporate labs, pod labs, etc... the goverment would still be devaluing our work annually. There would still be all this talk about "value over volume" which for pathology means nothing more than you will be lucky to earn half of what you make now for doing the same volume of work.

It's over. Let it go Bosco77.

Good for mikesheree. Hope he finds some good locus or part time work if he wants it. You can't beat having a guy around with his experience.

 

[bosco77]

thats fine that he sold.
but then dont come on here and say you are retiring because "waaaaahhh"

 

[cjw0918]

Good luck, Mike. You had a great run. What will you do now with your time off??

 

[MetroPath]

For people interested in the business of pathology as opposed to just collecting a paycheck, your post is cause for optimism. You highlight exactly why a motivated person/group can take market share from the larger labs ie the larger labs suck when it comes to T.A.T. (among other things).

But dont large labs have the advantage of EMR donation, etc. that smaller groups cannot do?

 

[deleted314957]

NYC, Chicago, D.C., Disney, Universal, read and fish.

 

[WEBB PINKERTON]

Shouldnt have sold you practice. You get no sympathy here. Thanks for contributing to the race to the bottom.

The large corporate labs will layoff a ton of your staff and slash wages after they buy a lab. I've watched many become a shell of their former selves. Lost business, revolving door for staff etc...The places become extremely reckless.

 

[rollwithit]

Shouldnt have sold you practice. You get no sympathy here. Thanks for contributing to the race to the bottom.

The large corporate labs will layoff a ton of your staff and slash wages after they buy a lab. I've watched many become a shell of their former selves. Lost business, revolving door for staff etc...The places become extremely reckless.

Have you asked Mike if he entertained offers from local pathologists? My guess is that he did and their offer wasn't as good as the corporate offer or there were none at all. Why sell for less? He spent years bearing the risk of owning a business and the toils involved in running it. If I am him, I want a fair offer for my dollars invested and sweat equity. If somebody else wants the infrastructure and networks I already developed, I'm not going to take a crap offer or not sell at all in respect of an idealistic principle of protecting those who have chosen to avoid risk.

 

[deleted314957]

Shouldnt have sold you practice. You get no sympathy here. Thanks for contributing to the race to the bottom.

The large corporate labs will layoff a ton of your staff and slash wages after they buy a lab. I've watched many become a shell of their former selves. Lost business, revolving door for staff etc...The places become extremely reckless.

You are very welcome.

 

[LADoc00]

GDamn folks stop player hating. It does no one any good.

You cant expect people to fall on their swords when academia continues the insane overtraining regime.
Put blame where it should be.

Good luck Mike! And if you can enlighten us on your portfolio that would be cool:
1.) do you have income in rentals? if so, did you go apartment buildings or slum lord style houses?
2.) are you in stocks at all?
3.) did you go with any foriegn property?

all things Im thinking about.

 

[pathman124]

Mike, who is your employer looking at to fill your position when you leave? Can I send in my CV? I'll work for half what you were making. Things are tight out here. Even AMG grads from elite east coast programs are going without, much less the little guy.

 

[deleted314957]

Mike, who is your employer looking at to fill your position when you leave? Can I send in my CV? I'll work for half what you were making. Things are tight out here. Even AMG grads from elite east coast programs are going without, much less the little guy.

My employer is losing the contract when I leave. a different hospital group ( from the hospital that bought my hospital a couple years ago) will be taking over.

 

[Pathwrath]

C'mon man.

He was at the right place at the right time and did what was best for him and his family. And what if he hadn't done it? The demolition of our specialty would have continued anyway. There would still be the corporate labs, pod labs, etc... the goverment would still be devaluing our work annually. There would still be all this talk about "value over volume" which for pathology means nothing more than you will be lucky to earn half of what you make now for doing the same volume of work.

It's over. Let it go Bosco77.

Good for mikesheree. Hope he finds some good locus or part time work if he wants it. You can't beat having a guy around with his experience.

Aren't you the same guy who berates in-office pathologists for selling out?