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Google is your friend. Google ROs in Irvine and contact those who are no longer there and were associated with that practiceThank you to all who have replied so far. Since I didn't train in California, I don't know anyone there at all and not sure how to find out/contact people who left the position in the past 10 years...
Perfect timing for that dbag. Real bad guys here are the programs who created environment where grads have to sell their soul to these kind of people.Covid won't kill this
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This is disgusting.Guessing now with telesupervision reg changes, KSK throwing out a PT option now
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New grads would rather be employed and know exactly how they can make more money through productivity in a hospital.
The only way “we” as a specialty stop this is to stop entertaining this job. No more “if you want to be in irvine it might be ok”. No it is not. Do not get taken for a ride. Do not even apply. These places should remain unfilled.Part time option = less than half of average income for full time RVUs but on-site 2-3 days a week.
We are supposed to be professionals, not shift-based factory workers. We should get paid the income our services generate minus administrative costs regardless of when or where it occurs. Income should not be based on how long we are physically present. It is sad that this is what we have been conditioned to accept.
The only way “we” as a specialty stop this is to stop entertaining this job. No more “if you want to be in irvine it might be ok”. No it is not. Do not get taken for a ride. Do not even apply. These places should remain unfilled.
We are not going to improve this field without collective action. “Leaders” have shown their cards and are totally uninterested in improving the field. They do care about improving the girth of their wallets. We need to focus on what we control.
Amen. Surprisingly, there are in fact millions that managed to grow up outside of Southern California.Also, the I need to be here fallacy. No, you don't. Working in America anywhere is an enormous privilege if you can think globally that most would give up anything for. Even if you really, really want to be somewhere (and if that's true, you chose your specialty uhh..... poorly), it's amazing how everyone thinks giving this impression is somehow beneficial to them as a job candidate and not literally the exact opposite.
Also, people have weird sense of geography. I still have new grads tell me, "my partner's family lives in Orange County so we wanted to be close," when the job they are applying for is in the Bay Area. That's like considering a job in NJ because your family lives in Norfolk, VA. That's 400 miles away!Amen. Surprisingly, there are in fact millions that managed to grow up outside of Southern California.
Also, people have weird sense of geography. I still have new grads tell me, "my partner's family lives in Orange County so we wanted to be close," when the job they are applying for is in the Bay Area. That's like considering a job in NJ because your family lives in Norfolk, VA. That's 400 miles away!
Alternating droughts and floods, fires, earthquakes and median 7-figure home prices coupled with draconian housing policies/NIMBYism in many locales leading to rampant homelessness.Californians are, bar none, the most annoying about just getting back to the West Coast. Damn anything else.
Doesn't matter it's a flight away. It's CALIFORNIA.
Part time option = less than half of average income for full time RVUs but on-site 2-3 days a week.
We are supposed to be professionals, not shift-based factory workers. We should get paid the income our services generate minus administrative costs regardless of when or where it occurs. Income should not be based on how long we are physically present. It is sad that this is what we have been conditioned to accept.
Opportunity cost of PP is enormous these days. Would not consider without a very clear agreement in writing of how ownership will be structured and how your buy-in and sweat equity will be accounted for and what the out will be if the partnership agreement does not materialize without very specific cause. The "your questions make it seem like you don't trust us" gaslighting trick really doesn't fly anymore. The entire point of private practice is ownership, and it seems very common for PP to bring someone on at low pay with the bait of ownership then try and switch them to an employee with a not-so-great contract now that they are established in the community at the two year mark and just forget about the sweat equity. What advantage does employment by PP owners offer over hospitals? I haven't found any in my n=2. Autonomy is less. Pay is less. Benefits are less. Vacation is less. Job security is less. Overall work environment sucks due to constant staff problems and turnover because of owners trying to maximize margins with cheapest available labor vs. a salaried hospital admin working with a set budget.
Ok, well actually there is a single benefit: You don't have as many stupid IT and compliance headaches, spending two weeks jumping through hoops to install Acrobat, etc. (because IT is also the bare minimum).
I've asked around about this job, and I've never heard anything terrible. The sense I get is that people have used it as a springboard to long term jobs in California. Basically, get their foot in the door and try to meet other California Rad oncs. Mostly what I've heard is the usual ill-defined track to partnership that never materializes. Owner is sitting on a gold mine. He's never letting you in on that.
My guess is the pay is extremely low and will never go up and it’s used as a springboard exactly as described.Still doesn't really add up as this position has been consistently posted for over 5 years. Its not like there is a plethora of great private practice positions available in the Southern California market that people can just transfer to with great terms. There has to be more to it as to why this place can't seem to stay filled.
My guess is the pay is extremely low and will never go up and it’s used as a springboard exactly as described.
As someone who is very familiar with SoCal, daily life as a physician is depressing. You’re constantly reminded on how broke you are compared to where you thought you would be in life!
I mean yea, anybody can be satisfied and by all means life is more then material things but places like SoCal and Miami have a certain lifestyle the typical doc can’t keep up with. For me, a private yacht and jet makes me happy (I’m kidding…kinda).I would imagine that this is very variable. Sure being a doc in cali isn't the same as being a doc in Iowa City, Iowa. But I don't think most people would say they are depressed on a daily basis lol
But it works out, the people who want to be in Cali really want to be there. and then there's some who are 'anti-California' sometimes for sociopolitical reasons a lot these days too. works out that people who want to be there find their way there.
Not sure which FL practice you’re referring to (too many landmines in FL rad onc to count) but I did see a posting recently on Astro for a large mostly med onc company hiring rad oncs for multiple locations. Essentially genesis care 2.0 but shadier. Sad that these are the types of places hiring in rad onc currently but the fact that they’ve had difficulty recruiting hopefully means rad oncs are becoming more savvy.Yeah, residents should have paid more attention in their training when they were educated on the reimbursement their services were worth and how to fairly value their skills in the marketplace. Also not skipping the mandatory "how to network better" seminars. Absolutely crucial.
Also, the I need to be here fallacy. No, you don't. Working in America anywhere is an enormous privilege if you can think globally that most would give up anything for. Even if you really, really want to be somewhere (and if that's true, you chose your specialty uhh..... poorly), it's amazing how everyone thinks giving this impression is somehow beneficial to them as a job candidate and not literally the exact opposite.
Edit: I also see the Florida version of this practice is also still trying to bait a sucker on astro.
My guess is the pay is extremely low and will never go up and it’s used as a springboard exactly as described.
Heard 350 this year plus 50 bonus atleastI heard mid 300s years ago...not out of norm for so cal but like radonc21 said, you can't live an la/Miami lifestyle on that 😅
Heard 350 this year plus 50 bonus atleast
3 years to partnership i heard but not sure if written rule and not sure on the aspect of ramp up, wasnt my offer.This on its own doesn’t tell me much but does also point out that to many grads these days, starting salary is more important than it may have been in the past. When I graduated nearly a decade ago now, the focus for us was more what we were looking at it in year 4-5. I think we have been forced to recalibrate.
Any info on whether this is a ramp up, even if it’s a bait and switch?
I think most new grads would be happy owning a home and 2 cars. Probably doable in Miami but not socal.I mean yea, anybody can be satisfied and by all means life is more then material things but places like SoCal and Miami have a certain lifestyle the typical doc can’t keep up with. For me, a private yacht and jet makes me happy (I’m kidding…kinda).
It all depends on the situation. I had no help paying for ned school and came out with essentially no savings/investments and substantial debt (ie, negative capital). My wife had saved enough for a decent down payment so we could swing a decent mortgage. Could we have made Orange County work on an “average” starting salary. At the time, probably. 1.2-1.5M would get a decent home and at 2-2.5% interest, it would have been doable without being totally house poor. But now, those same houses are more like 1.6-1.8 and last I saw, 30 year mortgages are tracking closer to 8%. You would need a substantial amount of capital to even get the loan. The lender doesn’t care one bit what you “should” be making 3 years down the road. Even if you get it, unless you gave a rich family or your spouse also has a high paying job, there won’t be much left.I think most new grads would be happy owning a home and 2 cars. Probably doable in Miami but not socal.
I just matched so not a grad but you are correct. When I talk to my classmates, starting salary is the important to us and the reason for it is we’re in 350k debt with 7-8% interest, sky high house prices with 6-7% interests. Also, we’ve been witnessing our friends in other fields specially tech making so much money (some of them in tech could possibly retire before we even start our attending jobs!) and the aggressive bull market… we all feel left out. Then we also hear about AI and all the physician payment cuts make us worry about the future. That’s why the grads want to get their hands on as much money as soon as possible.This on its own doesn’t tell me much but does also point out that to many grads these days, starting salary is more important than it may have been in the past. When I graduated nearly a decade ago now, the focus for us was more what we were looking at it in year 4-5. I think we have been forced to recalibrate.
Any info on whether this is a ramp up, even if it’s a bait and switch?
I just matched so not a grad but you are correct. When I talk to my classmates, starting salary is the important to us and the reason for it is we’re in 350k debt with 7-8% interest, sky high house prices with 6-7% interests. Also, we’ve been witnessing our friends in other fields specially tech making so much money (some of them in tech could possibly retire before we even start our attending jobs!) and the aggressive bull market… we all feel left out. Then we also hear about AI and all the physician payment cuts make us worry about the future. That’s why the grads want to get their hands on as much money as soon as possible.
Gfunk and I have said it multiple times…money makes money. If you invest well and have an average or better return, at some point, your investments may well start earning more than your job. At the very least a substantial portion of them. For new grads, your wages are your income but at our income, it’s a financial mistake to rely on wages your primary income over the long run. Pro athletes are not the only ones who make a lot, blow through it, and end up wondering where it all went.There is no telling what the world will be like in 5 years. I suspect that all of your friends who got rich on bitcoin and leveraging in low interest rate environments will be in a different place then. Just don't have unrealistic expectations for what medicine will do for you. Other sectors like tech, real estate, oil/gas, etc. are boom-bust. People that made 8 figures in a year in 2000 were broke in 2002. Even if CMS cuts reimbursement by 50%, you will still be ok (really, way better than most) in medicine just with boring things like living below your means and maxing out your 401k and 457b.
The time value of money is important. Maxing out those accounts from age 30-33 is going to translate into a huge wealth difference at retirement vs. taking a much lower salary during those years and not ending up a partner/owner.
"If you don't find a way to make money while you sleep, you will work until you die."Gfunk and I have said it multiple times…money makes money. If you invest well and have an average or better return, at some point, your investments may well start earning more than your job. At the very least a substantial portion of them. For new grads, your wages are your income but at our income, it’s a financial mistake to rely on wages your primary income over the long run. Pro athletes are not the only ones who make a lot, blow through it, and end up wondering where it all went.
Funny how he still works though..."If you don't find a way to make money while you sleep, you will work until you die."
- Warren Buffett
Not sure he thinks of it as work... Secret to work is finding what you like to do and then finding a way to get paid for it?Funny how he still works though...
You would need 15M invested to spit off an annual rad onc MGMA income. Boomers could have done this no issue. New grads, hah that’s funny.Gfunk and I have said it multiple times…money makes money. If you invest well and have an average or better return, at some point, your investments may well start earning more than your job. At the very least a substantial portion of them. For new grads, your wages are your income but at our income, it’s a financial mistake to rely on wages your primary income over the long run. Pro athletes are not the only ones who make a lot, blow through it, and end up wondering where it all went.
New grads weren't doing that a decade or two either, brah.You would need 15M invested to spit off an annual rad onc MGMA income. Boomers could have done this no issue. New grads, hah that’s funny.
I have a hard time believing someone who entered practice in 2000 and got paid on an eat what you kill basis and invested 50% of their take home consistently in the s&p is not in the 8 figure portfolio range, likely a lot more. The IMRT reimbursement of the 00s combined with the bull market run of the 10s, must have been nice. If you’re not very wealthy under that scenario you really did something wrong (spending all of your take home, multiple divorces, investing with madoff, etc)New grads weren't doing that a decade or two either, brah.
Takes time and patience. Snowball effect over several decades of practice. Definitely harder now for new grads than before covid but I'm pretty sure no one on this forum has a nw anywhere close to that