I noticed that in the above graphs, there was no mention of radiation oncologists in the groupings, only "oncologists." This makes me wonder if they are lumping rad onc and med onc into one category. Based on the numbers I've seen, rad onc salaries tend to raise the aggregate "oncology" salaries in these groupings. I won't lie, median private practice rad onc salaries are kinda ridiculous. But, either way I think you'll be able to earn a reasonable income.
Thanks.Thanks for the response, I was wondering if you could expand on this? Are new docs leaving the larger markets because they can't get enough patients? Difficult to make partner?
Also, does anyone know how the chicago market is? I would like to end up in burbs of Chicago eventually
i know... but i wanna choose between the 2- gi or heme onc?
My group has signed 3 contracts for new fellows starting July 1. None came from recruiters. One is local, 2 are from across the country.
It's not really "insight" as much as it is "how to find a job 101". If you're actually a med student, chances are high that you've never actually had to do this in your life. But many of us have. It's not hard.
See this post for a pretty good explanation of at least a few of the factors. It's also impossible to know who responded to the survey. For instance, I work PT and I answered the survey last year. So my response skewed it downward. A guy I know who's well into his career and sees on the order of 40-50 patients a day (and as a result has a baseline salary of well over $500K) was probably too damn busy to respond to it.
Do you have any information about the large cities in the South? I don't think anyone would be surprised about making $500k+ as heme/onc in a small Southern city.
The answer is in the first paragraph you quoted. It's a production based system. See more patients, give more chemo, make more money. It's not a linear relationship and it's a type of practice environment that is shrinking as a result of a lot of outside factors, but does still exist.
Can I please ask what practice environments are currently common in hem/onc? Broadly speaking, it seems many if not most specialties are moving towards hospital-employed or mega groups. I suppose we could include academics or VA work too. Is this the case for hem/onc too? Thanks.
Any and every type of practice is still out there. Solo practitioners in smaller cities/towns who share call with other similar docs, small PP groups, large single-specialty PP groups, large multi-specialty PP groups and hospital employed positions. It is true that there is a trend to employed positions with small groups and solo practitioners going under the umbrella of a hospital or large group.
I think that joining a pure PP group as a new grad in the current environment is a recipe for disaster. Once these changes come along, the senior partners are going to decide they'd rather be fishing/golfing/skiing/sailing than doing the same work they did last year for half the money, so they're going to look for somebody to buy them out. The only people buying these days are hospitals, and they're not paying what a lot of those guys are used to making. The pre-partner/junior partner folks are going to get hosed.
Like I said above (I'm too lazy to link it, you can scroll up yourself), all models are available to young grads these days. You just need to decide what works for you where. I chose my current position based on a combination of location and workload. I purposely work 3/4 time. I live in an amazing location. I get paid pretty well.
The fellows at my program have already signed contracts with practices for 230k- 500k ranging from prime locations to very small towns. Given the worsening cuts to chemo I'm sure we'll be making no better than hospitalists in the future :/
Yes and yes. Both options are available depending on the program.
No, I meant new grads.
