just saw my W2 for 2025. made a whopping $146K...so much for that "prestigious" RRA certification lol
Did you max out 401k? Health insurance? HSA? Or is that gross?
I can't imagine trying to live off that with 100's of thousands of student loans to pay off. I'm really not sure why we are doing what we are doing at this point.
It is a long time coming for the profession and it will only get drastically worse over the next decade without a radical change in capping attendance (like 75%).
It's a simple supply/demand issue. We've made everyone a surgeon and so now no one is a surgeon. The amount of demand for foot and ankle surgery has not increased to what we've supplied foot and ankle surgeons over the past 20 years. We should have gone to the dental model 20 years ago. That way instead of having 30 pods, with highly variable training, operating on my community doing 2-10 cases/month, we could have 3-5 pods with state of the art training doing 20+ cases/month. Everyone wins in that scenario, especially the public.
I can only imagine what the insurance panels are going to start doing to podiatry contracts over the next 10-20 years. If I'm CEO of any insurance company, I'd continue to decrease reimbursements. There are so many of us, someone will take it.
I would absolutely have a much different take on my job/profession and would recommend it, if I went in to a full schedule, saw MSK pathology, operated once a week, etc. I was doing better about a decade ago before 17 other new graduates came to the area. Now my schedule gets less and less over time and my collections are slowly decreasing on a yearly basis. Easiest way to make this happen is move to a less saturated area which are few and far between at this point and I am not open to move as I am close to family.
I'm lucky though, my wife works for a corporation where it's customary to be promoted, get cost of living increases, bonuses etc. As a PP owner my employees also expect those customs so while I'm getting less and less off the top, I'm also paying out more.
I've had the absolute red carpet treatment in the profession as I graduated from residency about 15 years ago with probably top 25% training at the time, inherited a practice, had minimal to no student loans, and a wife that probably makes more than most pods. I've been super lucky and have done well. I'm likely going to retire by 50 or at least be heavily coasting.
However, with that said, If I didn't have all that help, yeah I'd be screwed. I have three tweens and would no way recommend them go into this field. If they went against that and went into it anyway, I guess my recommendation would be to not even take over my practice at this point and try to get a hospital job anywhere they can. I've got them brainwashed into becoming a CRNA though.