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Greetings and salutations pain doc brethren,
I am again in a position where I must look for a new opportunity. My current role, a small neurosurgical office where the surgeon also does all his own pain procedures, but insists on charging me 25% of the overhead with no opportunity for true partnership, is becoming non-sustainable as he fronted my first six months of salary and is now demanding it back by only paying me $1000/week. I cannot stay in this situation that does not look like it will improve any time soon.
Thus, I have been presented with three VERY different offers, each with their own pro's and con's. Help me see which is best for long-term success:
Option 1: Auto accident/PI clinic owned by a chiropractic group with PE backing. PLEASE KEEP READING!! They have 13 different clinics and I would only be involved in the procedures, no sleazy lawyers!! Come in, do the list of procedures, go home, get paid $3K per day as a 1099. Straight up needle jockey, but minimal high-end procedures (BVNA, SI fusion, SCS, etc.) I must admit, the opportunity to just come in and drop needles sounds nice.
Option 2: Large Orthopedic Group with PE backing. Multiple office sites, already employ 8 pain specialists. Will likely be responsible for entire range of procedures including peripheral blocks/RFA (if CMS allows), stim, kypho, everything (including med management, but minimal). Compensation is productivity based 60/40% up to 1 million in collections then flips to 40/60%. This practice is much closer to my residence, and it seems that every doc has at least 1 mid-level for follow-up's. Opportunity for partnership buy-in after 3 years.
Option 3: Large private neurosurgery group. Well-established group (>20 years) that has never had an in-house pain management doctor. The new ("younger") medical director understands the potential of keeping pain management in-house. Referrals would be abundant, mid-level support is abundant, but office is 75-90 minutes away from my home. Compensation is also productivity based, but it seems the potential for hitting bonus at 800K seems pretty easy. Opportunity for partnership buy-in after 2 years.
What does everyone think?
Provide some feedback if you feel one job is clearly superior to another. Thanks folks!!
I am again in a position where I must look for a new opportunity. My current role, a small neurosurgical office where the surgeon also does all his own pain procedures, but insists on charging me 25% of the overhead with no opportunity for true partnership, is becoming non-sustainable as he fronted my first six months of salary and is now demanding it back by only paying me $1000/week. I cannot stay in this situation that does not look like it will improve any time soon.
Thus, I have been presented with three VERY different offers, each with their own pro's and con's. Help me see which is best for long-term success:
Option 1: Auto accident/PI clinic owned by a chiropractic group with PE backing. PLEASE KEEP READING!! They have 13 different clinics and I would only be involved in the procedures, no sleazy lawyers!! Come in, do the list of procedures, go home, get paid $3K per day as a 1099. Straight up needle jockey, but minimal high-end procedures (BVNA, SI fusion, SCS, etc.) I must admit, the opportunity to just come in and drop needles sounds nice.
Option 2: Large Orthopedic Group with PE backing. Multiple office sites, already employ 8 pain specialists. Will likely be responsible for entire range of procedures including peripheral blocks/RFA (if CMS allows), stim, kypho, everything (including med management, but minimal). Compensation is productivity based 60/40% up to 1 million in collections then flips to 40/60%. This practice is much closer to my residence, and it seems that every doc has at least 1 mid-level for follow-up's. Opportunity for partnership buy-in after 3 years.
Option 3: Large private neurosurgery group. Well-established group (>20 years) that has never had an in-house pain management doctor. The new ("younger") medical director understands the potential of keeping pain management in-house. Referrals would be abundant, mid-level support is abundant, but office is 75-90 minutes away from my home. Compensation is also productivity based, but it seems the potential for hitting bonus at 800K seems pretty easy. Opportunity for partnership buy-in after 2 years.
What does everyone think?
Provide some feedback if you feel one job is clearly superior to another. Thanks folks!!