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is being a hospital employee worse than working for something like NAPA? Pros and cons of each ?
Says who?is being a hospital employee worse than working for something like NAPA? Pros and cons of each ?
As in life. It depends.is being a hospital employee worse than working for something like NAPA? Pros and cons of each ?
Win win. Those partners got a huge buyout in 2015. Than the hospital dump the amc a 2 years ago. I know a couple of the peeps there.My entire very large group, nearly 300 docs and anesthetists, is now hospital-employed after 7+ years with a well-known PE company. Happy to be on board. Stability is now rock solid - no chance someone can come in and underbid. Benefits are better. Our day-to-day operations and schedules are unchanged and we retained our own group management structure. We just answer to the hospital now instead of the PE group.
Did you have to change from 1099 to w2?My entire very large group, nearly 300 docs and anesthetists, is now hospital-employed after 7+ years with a well-known PE company. Happy to be on board. Stability is now rock solid - no chance someone can come in and underbid. Benefits are better. Our day-to-day operations and schedules are unchanged and we retained our own group management structure. We just answer to the hospital now instead of the PE group.
They were w2 with large amc cough cough that recently left California. LolDid you have to change from 1099 to w2?
AMCs and Hospital employers are both predators that look upon us as prey to feed on. In my experience, IN GENERAL, AMCs are more effective predators because they used to be us.I’d say much much better if you are getting what you deserve as hospital employee. Minimum 600k and 10 weeks vaca. That’s pretty common for employee jobs these days. 450 or something a wash I guess. Hours call etc important too
But overall employee better
AMCs are terrible
The key to almost any w2 job amc or hospital base practice is to limit ur workload as a w2Just make sure that you aren’t reporting to the hospital c suite… it needs to be a separate chain, ideally with an anesthesiologist in the chain of command. That being said, some have employed for awhile now (like HCA). Some are newer. I don’t know whats happening at HCA but I heard they just did a total restructure and unclear if anesthesia even reports to anesthesia anymore. I cover locums at one of their FL sites and everyone is uneasy to see them get rid of essentially every anesthesiologist in corporate leadership. And no idea what they are doing with all their residencies they have planned if they have no anesthesiologists to run them.
Wave of the future....we will all eventually be hospital employees.My entire very large group, nearly 300 docs and anesthetists, is now hospital-employed after 7+ years with a well-known PE company. Happy to be on board. Stability is now rock solid - no chance someone can come in and underbid. Benefits are better. Our day-to-day operations and schedules are unchanged and we retained our own group management structure. We just answer to the hospital now instead of the PE group.
Similar structure to ours although we are far smaller than your group and we are outside the perimeter. I would say that stability has been much better once we became W2 employees in 2006, but aneftp is right about the cat and mouse game and the use of salary structure to include all calls and weekends. Overall I think it has been a good deal and we have been treated fairly by the C-suite. As the current chief of our group, I have been included in leadership meetings, dyads, a million committees, and have had a direct line to the CMO and COO which has kept our group relevant. Compared to friends in other places, I am thankful that we have been invited to have a seat at the table and have been allowed some degree of self-direction.My entire very large group, nearly 300 docs and anesthetists, is now hospital-employed after 7+ years with a well-known PE company. Happy to be on board. Stability is now rock solid - no chance someone can come in and underbid. Benefits are better. Our day-to-day operations and schedules are unchanged and we retained our own group management structure. We just answer to the hospital now instead of the PE group.
Let’s not forget the Classic Predator who started this mess and is still going strong in some places….Private Practice!!!AMCs and Hospital employers are both predators that look upon us as prey to feed on. In my experience, IN GENERAL, AMCs are more effective predators because they used to be us.
Very true - as much as I hate private equity and corporate overlords, there were plenty of highly predatory ponzi scheme private practices before all of the external actors started to exploit doctors. In fact, it was the private practice people who came up with 1:4 medical direction and then sold out to private equity (to make a quick buck) in the first place. Sadly now that the cat's out of the bag there's no going back... The brainwashed ivory tower academics and corporate shills at the top of the ASA certainly aren't advocating for anything better.Let’s not forget the Classic Predator who started this mess and is still going strong in some places….Private Practice!!!
Yes, not all, but we all know of some.
YupVery true - as much as I hate private equity and corporate overlords, there were plenty of highly predatory ponzi scheme private practices before all of the external actors started to exploit doctors. In fact, it was the private practice people who came up with 1:4 medical direction and then sold out to private equity (to make a quick buck) in the first place. Sadly now that the cat's out of the bag there's no going back... The brainwashed ivory tower academics and corporate shills at the top of the ASA certainly aren't advocating for anything better.
This is a best case scenario...... there are many other scenarios, as if your group was good to begin with it is irrelevant who cuts the checks. I have been back and forth and the one thing that AMCs do offer is a buffer between you and the hospital. I agree this brings instability when they decide to kick out the AMC but it also does not allow the hospital to call all the shots singularly.. If hospital admin and/or your chair is a deuch yes man who is only out to protect themselves (as is the case with most academic institutions these days) you are screwed. No way to remove them no way to fight them.... if, on the other hand, your group/practice was always solid well staffed quality oriented then yes you enjoy more stability... and that is still a big maybe if the hospital knows how to run finances for anesthesia correctly (many don't coding GI cases as sedation vs GA for example). Furthermore I have seen hospitals with no recruiting resources go back to employee an AMC. The sauce is what makes the meal.... if the sauce is bad it will taste bad regardless who is running the show.My entire very large group, nearly 300 docs and anesthetists, is now hospital-employed after 7+ years with a well-known PE company. Happy to be on board. Stability is now rock solid - no chance someone can come in and underbid. Benefits are better. Our day-to-day operations and schedules are unchanged and we retained our own group management structure. We just answer to the hospital now instead of the PE group.
As @lotsapain pointed out at least the AMC is a buffer. You ain't getting 10 weeks vacation if the surgeons are getting four or five. Not happening whatever the anesthesia market is. You are a hospital employee, hospital wants to do elective cases all hours of the night you're doing them. At least the AMC can say well this is not the norm at other sites and CRNAs have to be hired to do overnights etc. Also, a lot of smaller hospitals just give up cause they don't understand anesthesia staffing, anesthesia billing, or anesthesia anything and it goes right back out to RFP after a few painful years.I’d say much much better if you are getting what you deserve as hospital employee. Minimum 600k and 10 weeks vaca. That’s pretty common for employee jobs these days. 450 or something a wash I guess. Hours call etc important too
But overall employee better
AMCs are terrible
well said.... this is not even limited to smaller hospitals, larger entities are not protected either as in a system the virus of failure spreads even more rapidly of course the clueless execs will throw the anesthesia leadership under the bus not the fact that they can't raise salaries / vacations to competitive levels nor control / fire the loudest surgeons and attract competent/fast/ friendly staff...As @lotsapain pointed out at least the AMC is a buffer. You ain't getting 10 weeks vacation if the surgeons are getting four or five. Not happening whatever the anesthesia market is. You are a hospital employee, hospital wants to do elective cases all hours of the night you're doing them. At least the AMC can say well this is not the norm at other sites and CRNAs have to be hired to do overnights etc. Also, a lot of smaller hospitals just give up cause they don't understand anesthesia staffing, anesthesia billing, or anesthesia anything and it goes right back out to RFP after a few painful years.