I agree with Feli on the private practice issue.
I know several posters on here are MSG / Ortho / Hospital based.
I have been a solo PP owner for 5-6 years. Similar story starting as several people. Started out as I spent 1 year as an associate at a TFP based PP office prior to starting my own shop. I had top level training and consider myself pretty business savvy.
I scraped up everything I could the first 2 years. I was finally able to maintain a steady 20-25 patients per day while cutting some of the Medicaid / PRN nursing home junk. I was able to save a few bucks over the years with hopes of building my own office real estate in town.
Then, *BOOM*. 4-5 new pods have moved into my town of 80K in the past 2 years. That's in addition to the few TFP's & FAO.
Now, here we are. Competition is fierce as ever. I'm now worrying about things that most other specialists 5-6 years into practice probably aren't. Am I going to be able to keep my surgery block time with a decreasing volume? Etc.....
I feel some of the new guys are trying to do things they weren't trained well on or not yet efficient. Hearing rep stories of 3.5 hour Lapidus, etc...
Anyways. My point is. Saturation is a tidal wave coming for podiatry and will be more than capable of causing wide spread chaos throughout the profession. Nobody will be completely sheltered.
I wouldn't advise jumping into this mess unless you're 100%.
P.S. (wish I could post about something positive on this forum)
In essentially the last 10-11 years we've
-Had 1 ancient c&c pod retire due to Covid
-Had 1 forefoot surgical pod become disabled. He was the king of cheilectomies and neuromas. Maybe 2 years before me.
-Picked up a young guy, surgical, 10-11 years ago.
-Picked up an old guy (essentially non-surgical, told it was a low stress no-traffic town). Pushes custom orthotics for bunions.
-Picked up me
-Picked up a young podiatrist who just got fired by their hospital for being terrible at surgery. Whenever I'd ask about them the staff at their hospital would always demur and play quiet, but now that they are gone no one is holding back.
-Have another young podiatrist coming next year (strong ties to the town) who theoretically should be well trained in surgery
-And a hospital is trying to hire a FM doc who is married to a pod. The hospital was calling PP asking if anyone wanted to hire the pod. The hospital is the same hospital that just fired their pod. This pod went to a program a friend told me is terrible.
-And hilariously I have a student who is shadowing who wants to come back too in I guess 4-5 years. Hopefully I'll be dead by then.
I'm sure the older pods are just blown away by how many people are coming. Everyone I've spoken to who was here before wants to practice another 10-15 or has young children still.
I looked up our orthopedic foot and ankle guys who are all full scope. I was surprised that most are younger than I thought they were. One was supposed to retire and then didn't. He now attempts to be surgery only and have his PAs do all his follow-ups. Two of the foot and ankle orthos I've been told are still absolutely, insanely in love with medicine and will practice till the day they die.