Maximum compensation pathway offered during first three years as attending?

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If you wanna look at 90th percentile nocturnist and compare that to 90th percentile cards/gi you’re looking at close to seven figures without a doubt more if they work like a dog like some of the jobs posters here. There truly is no comparison.
Every hospital has to file a 990 form, which reports something like its 25 top earners.

Its a favorite pastime of mine when I'm working like a dog overnight during my 3 hour break to leisurely peruse them. (For bonus excitement, its pretty easy to then look up where they live... if you're into some dank real estate)

Most docs on this list are in the 800k-1m range. In my experience- the 25th percentile is around 600-750k and a 75th+ percentile of 1-1.2k. Everyone on this list is almost exclusively a neurosurgeon or orthopod. A handful thoracic surgeons, a couple of interventional cardiologist (I'm looking at you, west virginia). I think I've seen one gastroenterologist around 800k in New Mexico, one derm on cape cod.

My impression is private cardiologists and GI do average around 450-500 and those who truly work like dogs are in the 600-750k range.

While I do think this is about double what a daytime hospitalist working equally hard pulls, I think the equation is much closer when you compare them to nocturnists. Don't forget to factor in the 3-4 year opportunity cost, and don't forget the diminishing returns once in the highest tax bracket (1st percentile 1st world problems..)

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Every hospital has to file a 990 form, which reports something like its 25 top earners.

Its a favorite pastime of mine when I'm working like a dog overnight during my 3 hour break to leisurely peruse them. (For bonus excitement, its pretty easy to then look up where they live... if you're into some dank real estate)

Most docs on this list are in the 800k-1m range. In my experience- the 25th percentile is around 600-750k and a 75th+ percentile of 1-1.2k. Everyone on this list is almost exclusively a neurosurgeon or orthopod. A handful thoracic surgeons, a couple of interventional cardiologist (I'm looking at you, west virginia). I think I've seen one gastroenterologist around 800k in New Mexico, one derm on cape cod.

My impression is private cardiologists and GI do average around 450-500 and those who truly work like dogs are in the 600-750k range.

While I do think this is about double what a daytime hospitalist working equally hard pulls, I think the equation is much closer when you compare them to nocturnists. Don't forget to factor in the 3-4 year opportunity cost, and don't forget the diminishing returns once in the highest tax bracket (1st percentile 1st world problems..)

doesn’t matter to me if I’m working or watching tv if I’m staying awake all night away from my family I’m working.

I didn’t realize your anecdotal perusal of irs forms was a more valid form of data than the mgma data. It might be you don’t see these people on the 990s because they own their own practices and have procedure centers and don’t need a surgical suite and hospital to function.
 
It isn’t just about not dealing with bs. GI can do an egd in about 5 minutes if no samples are needed and generate 2 rvus. A left heart cath can generate 12+ rvu in 30-45 minutes. The only gi making 450/yr work for a hospital. Pp guys running their own offices or who have their own procedure suites to dip the facility fee are making multiples of that.

mgma 90th for cards ep is 1.1 million. Gi is 885. Hospitalist is 445.
Cardio and GI are doing well. I dont have a copy of the MGMA. Thanks for citing these numbers.
 
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It isn’t just about not dealing with bs. GI can do an egd in about 5 minutes if no samples are needed and generate 2 rvus. A left heart cath can generate 12+ rvu in 30-45 minutes. The only gi making 450/yr work for a hospital. Pp guys running their own offices or who have their own procedure suites to dip the facility fee are making multiples of that.

mgma 90th for cards ep is 1.1 million. Gi is 885. Hospitalist is 445.
There are less than 2000 practicing electrophysiologists in the US with only 90 entering the workforce every year. 90th percentile represents less than 200 people in the entire country. Also keep in mind when you say hospitalist 90th percentile is 445, you're diluting a smaller group of nocturnists into a giant pool of hospitalists. You can read between the lines that the nocturnist 90th percentile is probably 500-600k. Definitely less, but not out of the ballpark.

I'm driving the same car, living in the same hood, going on the same vacations...I just didn't have to train another 4 years to enjoy that life.
 
There are less than 2000 practicing electrophysiologists in the US with only 90 entering the workforce every year. 90th percentile represents less than 200 people in the entire country. Also keep in mind when you say hospitalist 90th percentile is 445, you're diluting a smaller group of nocturnists into a giant pool of hospitalists. You can read between the lines that the nocturnist 90th percentile is probably 500-600k. Definitely less, but not out of the ballpark.

I'm driving the same car, living in the same hood, going on the same vacations...I just didn't have to train another 4 years to enjoy that life.
Do you have kids? Why would you do that?
 
There are less than 2000 practicing electrophysiologists in the US with only 90 entering the workforce every year. 90th percentile represents less than 200 people in the entire country. Also keep in mind when you say hospitalist 90th percentile is 445, you're diluting a smaller group of nocturnists into a giant pool of hospitalists. You can read between the lines that the nocturnist 90th percentile is probably 500-600k. Definitely less, but not out of the ballpark.

I'm driving the same car, living in the same hood, going on the same vacations...I just didn't have to train another 4 years to enjoy that life.
A major difference is that these specialties actually generate most of that revenue without depending on the hospital to subsidize them. They actively make money for a hospital whereas you actively lose money. When the consultants come in to keep the hospital from going bankrupt do you think your pie in the sky figures (apparently with hours of downtime just trolling the internet every night) is going to be safe?
 
Honestly this thread just pushed me more towards fellowships than away from it. The 400-500k are typical starting salaries for cards/GI in a regular non-w2 job

To get those high hourly rates as an internist seems to require forgoing benefits, location and requires networking (praying). I definitely appreciate everyone’s post here! Helpful for everyone lurking
 
Honestly this thread just pushed me more towards fellowships than away from it. The 400-500k are typical starting salaries for cards/GI in a regular non-w2 job

To get those high hourly rates as an internist seems to require forgoing benefits, location and requires networking (praying). I definitely appreciate everyone’s post here! Helpful for everyone lurking
Remember that it will take you 6 years to complete card/GI if you are a MS4 and anything can happen. Healthcare might be completely different from what we have right now.
 
A major difference is that these specialties actually generate most of that revenue without depending on the hospital to subsidize them. They actively make money for a hospital whereas you actively lose money. When the consultants come in to keep the hospital from going bankrupt do you think your pie in the sky figures (apparently with hours of downtime just trolling the internet every night) is going to be safe?
Ah, the good ole revenue generating straw man argument! I'm sorry, i was under the impression the thread was titled "maximum compensation pathway" not some "RVU d*ick measuring contest pathway"

Know who else is actively losing the hospital money? Literally every single nurse, aux staff, janitor, security person etc. You think any of them wake up in the morning telling themselves 'gosh how lucky am I that generous hospital is subsidizing me!. Are the engineers at Apple less valuable than an apple store salesman or a marketer? Do you think I feel any less proud or secure in my job when my cardiology sized paycheck hits my account or when my portfolio continues to grow?

I'm worth what I'm worth because of the tremendous value I bring the hospital, not because of the revenue I generate (as a side note, last I counted I did generate somewhere in the pulm to cards range). I'm the small cog in the biggest wheel- The hospital comes to a screeching halt without me, and those specialists can't generate revenue without the tests, images, and referrals that I order...and dont forget the facility fee i generate the hospital. As opposed to those specialists, my inherent value isn't tied up in revenue. Who do you think loses more sleep at night- me that the government will decide to halve the reimbursement of an admission or a cardiologist over halving the reimbursement of a cath?

I dont know what ax you have to grind with hospitalists, but it must be real difficult for you to watch the specialty continue to be one of the most in demand with salaries rising steadily year after year, enjoying a great lifestyle.
 
Ah, the good ole revenue generating straw man argument! I'm sorry, i was under the impression the thread was titled "maximum compensation pathway" not some "RVU d*ick measuring contest pathway"

Know who else is actively losing the hospital money? Literally every single nurse, aux staff, janitor, security person etc. You think any of them wake up in the morning telling themselves 'gosh how lucky am I that generous hospital is subsidizing me!. Are the engineers at Apple less valuable than an apple store salesman or a marketer? Do you think I feel any less proud or secure in my job when my cardiology sized paycheck hits my account or when my portfolio continues to grow?

I'm worth what I'm worth because of the tremendous value I bring the hospital, not because of the revenue I generate (as a side note, last I counted I did generate somewhere in the pulm to cards range). I'm the small cog in the biggest wheel- The hospital comes to a screeching halt without me, and those specialists can't generate revenue without the tests, images, and referrals that I order...and dont forget the facility fee i generate the hospital. As opposed to those specialists, my inherent value isn't tied up in revenue. Who do you think loses more sleep at night- me that the government will decide to halve the reimbursement of an admission or a cardiologist over halving the reimbursement of a cath?

I dont know what ax you have to grind with hospitalists, but it must be real difficult for you to watch the specialty continue to be one of the most in demand with salaries rising steadily year after year, enjoying a great lifestyle.
Well, you are not making 600-700k/yr.
 
Thinking of it, I actually think doctors make too much money. Where in the world someone can make ~200k/yr working only 8 days/month? if you don't have exceptional talent like athletes.
 
Thinking of it, I actually think doctors make too much money. Where in the world someone can make ~200k/yr working only 8 days/month? if you don't have exceptional talent like athletes.

Not when you account for our length of training and tuition. Never speak those words! We don’t make enough.
 
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Not when you account for our length of training and tuition. Never speak those words! We don’t make enough.
Tuition is probably a good argument. Length of training is not a good one. People with PhD dont make that much. For now, I will take whatever the market can support.
 
Thinking of it, I actually think doctors make too much money. Where in the world someone can make ~200k/yr working only 8 days/month? if you don't have exceptional talent like athletes.

Tuition is probably a good argument. Length of training is not a good one. People with PhD dont make that much. For now, I will take whatever the market can support.
Blasphemy! Name any other higher degree that works 12 hours straight and routinely works nights, weekends, and holidays? And they even have the nerve to tell us we don't qualify for PTO because we have two whole weeks off a month (right, because that 84 hour 7 day stretch preceding it is totally normal 🙄). PhDs even get sabbaticals. Agree with Sloh- its never enough.
 
Blasphemy! Name any other higher degree that works 12 hours straight and routinely works nights, weekends, and holidays? And they even have the nerve to tell us we don't qualify for PTO because we have two whole weeks off a month (right, because that 84 hour 7 day stretch preceding it is totally normal 🙄). PhDs even get sabbaticals. Agree with Sloh- its never enough.
Plenty of people work 8-5 in medicine. Also, people in other professions work 10-12 hrs/day. So we are not the only ones who are working long hours.

I agree that it's never enough. I spent 5 months looking for the less painful job with highest offer. I even asked for more but they weren't willing to give more. We work hard so are other people.

Imaging getting paid 500k/yr with crazy benefits on your first real job! My friend got that as a radonc.
 
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Ah, the good ole revenue generating straw man argument! I'm sorry, i was under the impression the thread was titled "maximum compensation pathway" not some "RVU d*ick measuring contest pathway"

Know who else is actively losing the hospital money? Literally every single nurse, aux staff, janitor, security person etc. You think any of them wake up in the morning telling themselves 'gosh how lucky am I that generous hospital is subsidizing me!. Are the engineers at Apple less valuable than an apple store salesman or a marketer? Do you think I feel any less proud or secure in my job when my cardiology sized paycheck hits my account or when my portfolio continues to grow?

I'm worth what I'm worth because of the tremendous value I bring the hospital, not because of the revenue I generate (as a side note, last I counted I did generate somewhere in the pulm to cards range). I'm the small cog in the biggest wheel- The hospital comes to a screeching halt without me, and those specialists can't generate revenue without the tests, images, and referrals that I order...and dont forget the facility fee i generate the hospital. As opposed to those specialists, my inherent value isn't tied up in revenue. Who do you think loses more sleep at night- me that the government will decide to halve the reimbursement of an admission or a cardiologist over halving the reimbursement of a cath?

I dont know what ax you have to grind with hospitalists, but it must be real difficult for you to watch the specialty continue to be one of the most in demand with salaries rising steadily year after year, enjoying a great lifestyle.
Oy strike a nerve there?

I was going to pick this apart (Calling RVUs a strawman then immediately pretending that RN compensation has any relation to MD??) but I realized at the "tremendous value I bring the hospital" bit that you might be a tad delusional. I have seen a slow but growing use of telemedicine to do the work of a nocturnist (hospital loses less money to just miss the admit charge and have a telemed consult if its before midnight)--the 'tremendous value' a nocturnist brings (and this is from an admin perspective) is admits people from ER, doesnt get sued, doesnt piss off the staff, doesnt transfer people. Literally anyone with training in IM, FM (and probably EM) could be a nocturnist....

Look man it's great that you have a unicorn SDN job but the lurkers who might be reading this should know there are harsh realities out there before deciding that making 750k/yr doing 10 nights a month is a realistic expectation.
 
Oy strike a nerve there?

I was going to pick this apart (Calling RVUs a strawman then immediately pretending that RN compensation has any relation to MD??) but I realized at the "tremendous value I bring the hospital" bit that you might be a tad delusional. I have seen a slow but growing use of telemedicine to do the work of a nocturnist (hospital loses less money to just miss the admit charge and have a telemed consult if its before midnight)--the 'tremendous value' a nocturnist brings (and this is from an admin perspective) is admits people from ER, doesnt get sued, doesnt piss off the staff, doesnt transfer people. Literally anyone with training in IM, FM (and probably EM) could be a nocturnist....

Look man it's great that you have a unicorn SDN job but the lurkers who might be reading this should know there are harsh realities out there before deciding that making 750k/yr doing 10 nights a month is a realistic expectation.
Don't forget including watching a couple hours of Netflix a night and googling some 990s to that list of not getting sued!😘

I think you're correct that telemedicine is expanding, we use it in the form of remote cross coverage so I can focus on admitting and saving lives overnight rather than prescribing nystatin powders. But as far as losing my job to a computer, my shop went from 1 nocturnist to 4 on at night over the past 5 years. Each year I've made more than the last. Can you name a single nocturnist or hospitalist program that has been shrinking? No? I'll wait.

And yes- not just 'literally', but *quite literally* anyone with training in IM or FM can be a nocturnist/hospitalist. Just like any of them can pull 500k+ if they just want to work hard enough. No unicorn job required. How badass is that? All it takes is an undergraduate degree, 4 years of medical school, 3 years of residency and board eligibility/certification. Literally any of us could also be cards or GI, if we were just masochistic enough to want to put our lives off for another 3-4 years...but we had different passions and priorities.

That part about not getting sued also requires a little competence. Not pissing anyone off? Some communication skills. Add to that some time management, organization, stamina, multitasking, thriving under pressure, the ability to work with and educate housestaff, the distillation of as much of the medicine I love with as little of the BS (rounding, GOC discussions, discharge planning), the intellectual stimulation of making the diagnosis and setting the patient on the right course (but never seeing them again!), not having consultants managing my patients, and the excitement or rapid responses and codes.

There's probably a couple ER docs I'd trust to do my job, but based on the florid chf the ER just sold me as a UTI, or the ACE they continued on the guy with the k of 6.8, I think I'll let them stay in their lane for now while I stay in mine. Despite their best intentions and all their training, studies have long established a clear and direct relationship between ER boarding times and mortality.
But you already knew that.
But you still chose to put us all down.
After all this, I still have no idea what you even do for a living. So remind me what value you add to this discusion other than negativity disguised as some reality check?

I didnt come here to put down any perceived mind numbing mundaneness of all the consults for demand ischemia or FOBT positive stools. I'm not here to **** on anyone else career choice, just to share my n=1 incase it helps others make a decision. Notice I've done this without trashing any specialty. Not even a single time. And yet it took you like 6 hours to do what I've avoided in all my years on SDN- Because it doesnt validate my life choice anymore than being truly passionate about and satisfied with my career already does. I dont know how truly bitter about your career choice you need to be, but consider taking it out on something else.

I get to dial in exactly how much I want to work/make, the flexibility to be abroad each month, or move to another part of the country on a dime. I feel grateful and happy to go to work every day, and satisfied when I go to sleep for the lives I've bettered and the difference I've made. I'm confident and proud in the value I bring, have zero worries about job security, or any regrets- and as it happens, my income, net worth, respect i get from patients/colleagues/family/community, and job satisfaction confirm it more and more each week. I dont need external validation, nor is any of your mud slinging sticking.

From where I'm standing, I'm living the dream.
It may not be your dream, and that's ok.
I never said it was for everyone, I never even said it was typical. But I do believe it is within reach for most if it's what they seek and willing to work a little for it.
And if that's delusional.. 🤷🏻‍♂️

Peace ✌
 
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Tuition is probably a good argument. Length of training is not a good one. People with PhD dont make that much. For now, I will take whatever the market can support.

Don’t undervalue yourself! Comparing us to PhD’s is like comparing our predicament to PharmD’s—relatively better but still not that great
 
Don’t undervalue yourself! Comparing us to PhD’s is like comparing our predicament to PharmD’s—relatively better but still not that great
I was ONLY comparing the length of education. I know anyone can get a doctorate at the university of Phenix and call him/herself doctor (hello DNP).

I am happy how everything turns out since everyone said I was crazy when I decided to go to med school given that NP would have been an easier route since I was a Registered Nurse.

Now I need someone to tell me how to make another 70-100k/yr by working a couple of days on the 7 days that I will be off as a hospitalist. I dont want pick up extra shifts. Anyone here doing telemedicine on their days off!
 
Don't forget including watching a couple hours of Netflix a night and googling some 990s to that list of not getting sued!😘

I think you're correct that telemedicine is expanding, we use it in the form of remote cross coverage so I can focus on admitting and saving lives overnight rather than prescribing nystatin powders. But as far as losing my job to a computer, my shop went from 1 nocturnist to 4 on at night over the past 5 years. Each year I've made more than the last. Can you name a single nocturnist or hospitalist program that has been shrinking? No? I'll wait.

And yes- not just 'literally', but *quite literally* anyone with training in IM or FM can be a nocturnist/hospitalist. Just like any of them can pull 500k+ if they just want to work hard enough. No unicorn job required. How badass is that? All it takes is an undergraduate degree, 4 years of medical school, 3 years of residency and board eligibility/certification. Literally any of us could also be cards or GI, if we were just masochistic enough to want to put our lives off for another 3-4 years...but we had different passions and priorities.

That part about not getting sued also requires a little competence. Not pissing anyone off? Some communication skills. Add to that some time management, organization, stamina, multitasking, thriving under pressure, the ability to work with and educate housestaff, the distillation of as much of the medicine I love with as little of the BS (rounding, GOC discussions, discharge planning), the intellectual stimulation of making the diagnosis and setting the patient on the right course (but never seeing them again!), not having consultants managing my patients, and the excitement or rapid responses and codes.

There's probably a couple ER docs I'd trust to do my job, but based on the florid chf the ER just sold me as a UTI, or the ACE they continued on the guy with the k of 6.8, I think I'll let them stay in their lane for now while I stay in mine. Despite their best intentions and all their training, studies have long established a clear and direct relationship between ER boarding times and mortality.
But you already knew that.
But you still chose to put us all down.
After all this, I still have no idea what you even do for a living. So remind me what value you add to this discusion other than negativity disguised as some reality check?

I didnt come here to put down any perceived mind numbing mundaneness of all the consults for demand ischemia or FOBT positive stools. I'm not here to **** on anyone else career choice, just to share my n=1 incase it helps others make a decision. Notice I've done this without trashing any specialty. Not even a single time. And yet it took you like 6 hours to do what I've avoided in all my years on SDN- Because it doesnt validate my life choice anymore than being truly passionate about and satisfied with my career already does. I dont know how truly bitter about your career choice you need to be, but consider taking it out on something else.

I get to dial in exactly how much I want to work/make, the flexibility to be abroad each month, or move to another part of the country on a dime. I feel grateful and happy to go to work every day, and satisfied when I go to sleep for the lives I've bettered and the difference I've made. I'm confident and proud in the value I bring, have zero worries about job security, or any regrets- and as it happens, my income, net worth, respect i get from patients/colleagues/family/community, and job satisfaction confirm it more and more each week. I dont need external validation, nor is any of your mud slinging sticking.

From where I'm standing, I'm living the dream.
It may not be your dream, and that's ok.
I never said it was for everyone, I never even said it was typical. But I do believe it is within reach for most if it's what they seek and willing to work a little for it.
And if that's delusional.. 🤷🏻‍♂️

Peace ✌
Just want to highlight, as you had mentioned, the best part of my nocturnist job and moonlighting shifts is the hilarious amount of downtime to enjoy. So much netflix consumed...call of duty, civ 5...books I have read while at work....there is no way a hardworking cards or GI can do the same. If I spend 50 hours on shift in a week, only 25 hours at maximum are doing something work related. The rest is just free time.

The time that subspecialists spend at work is used up doing something- scopes or reading nucs/echos, seeing gobs of clinic patients, driving around to see consults- they are not chilling in their office with their feet up 50% the time.

(I understand being a nocturnist is not the same for everyone- some people can’t admit a simple chest painer in 15 minutes but somehow always take an hour to do it. The same way I could never see three or four easy clinic patients in an hour but a lot of docs can)
 
I was ONLY comparing the length of education. I know anyone can get a doctorate at the university of Phenix and call him/herself doctor (hello DNP).

I am happy how everything turns out since everyone said I was crazy when I decided to go to med school given that NP would have been an easier route since I was a Registered Nurse.

Now I need someone to tell me how to make another 70-100k/yr by working a couple of days on the 7 days that I will be off as a hospitalist. I dont want pick up extra shifts. Anyone here doing telemedicine on their days off!
Telemedicine through one of the many online companies offering it was a good gig for about 6 weeks in March/April last year. People I know that have done it lately have found themselves sitting around online waiting to snap up a patient before someone else clicks on it for ~$25 compensation. If you could just sit down at your computer and power through 15-20 of them in 2-3 hours, it might be worth it. But as it stands now, Home Depot pays better on an hourly basis.

Now that virtually all health systems, urgent cares and even small/solo offices have a virtual option, those online ones are largely ignored. If you could do something like this for your employer, or on a contract basis, that might be worth it.
 
People I know that have done it lately have found themselves sitting around online waiting to snap up a patient before someone else clicks on it for ~$25 compensation. If you could just sit down at your computer and power through 15-20 of them in 2-3 hours, it might be worth it. But as it stands now, Home Depot pays better on an hourly basis.
LOL.
 
Why IM pay is so low if they generate that much revenue?

1. Cardiovascular surgery
  • Average revenue: $3.7 million
  • Average salary: $425,000
2. Cardiology (invasive)
  • Average revenue: $3.48 million
  • Average salary: $590,000
3. Neurosurgery
  • Average revenue: $3.44 million
  • Average salary: $687,000
4. Orthopedic surgery
  • Average revenue: $3.29 million
  • Average salary: $533,000
5. Gastroenterology
  • Average revenue: $2.97 million
  • Average salary: $487,000
6. Hematology/Oncology
  • Average revenue: $2.86 million
  • Average salary: $425,000
7. General surgery
  • Average revenue: $2.71 million
  • Average salary: $350,000
8. Internal medicine
  • Average revenue: $2.68 million
  • Average salary: $261,000
9. Pulmonology
  • Average revenue: $2.36 million
  • Average salary: $418,000
10. Cardiology (noninvasive)
  • Average revenue: $2.31 million
  • Average salary: $427,000
 
Why IM pay is so low if they generate that much revenue?

1. Cardiovascular surgery
  • Average revenue: $3.7 million
  • Average salary: $425,000
2. Cardiology (invasive)
  • Average revenue: $3.48 million
  • Average salary: $590,000
3. Neurosurgery
  • Average revenue: $3.44 million
  • Average salary: $687,000
4. Orthopedic surgery
  • Average revenue: $3.29 million
  • Average salary: $533,000
5. Gastroenterology
  • Average revenue: $2.97 million
  • Average salary: $487,000
6. Hematology/Oncology
  • Average revenue: $2.86 million
  • Average salary: $425,000
7. General surgery
  • Average revenue: $2.71 million
  • Average salary: $350,000
8. Internal medicine
  • Average revenue: $2.68 million
  • Average salary: $261,000
9. Pulmonology
  • Average revenue: $2.36 million
  • Average salary: $418,000
10. Cardiology (noninvasive)
  • Average revenue: $2.31 million
  • Average salary: $427,000

Hard to quantify the value of a hospitalist

Proceduralists it’s easier, procedure*amount of procedure=value

Of course without a hospitalist the procedure doesn’t happen, but how much credit do we get for the pre op babysit?
 
Why IM pay is so low if they generate that much revenue?

1. Cardiovascular surgery
  • Average revenue: $3.7 million
  • Average salary: $425,000
2. Cardiology (invasive)
  • Average revenue: $3.48 million
  • Average salary: $590,000
3. Neurosurgery
  • Average revenue: $3.44 million
  • Average salary: $687,000
4. Orthopedic surgery
  • Average revenue: $3.29 million
  • Average salary: $533,000
5. Gastroenterology
  • Average revenue: $2.97 million
  • Average salary: $487,000
6. Hematology/Oncology
  • Average revenue: $2.86 million
  • Average salary: $425,000
7. General surgery
  • Average revenue: $2.71 million
  • Average salary: $350,000
8. Internal medicine
  • Average revenue: $2.68 million
  • Average salary: $261,000
9. Pulmonology
  • Average revenue: $2.36 million
  • Average salary: $418,000
10. Cardiology (noninvasive)
  • Average revenue: $2.31 million
  • Average salary: $427,000
Because much of that revenue goes into ancillaries.

Cardiology's procedure revenue, for example, has to pay for cath lab staff, maintenance, supplies, ultrasound techs for echos, you get the idea.
 
Because much of that revenue goes into ancillaries.

Cardiology's procedure revenue, for example, has to pay for cath lab staff, maintenance, supplies, ultrasound techs for echos, you get the idea.
Literally nobody (at least physicians) considers this when they look at the revenue generated/pay equation.

I'm currently in the process of changing our hem/onc group's comp plan. Details are posted elsewhere but one of the old dudes (who was a partner in the PP group that went bankrupt because they were all paying themselves 7 figure salaries and then sold it to the university 12 years ago) said we should get all the revenue from E/M and infusion and split it evenly based on individual wRVU productivity. When it was pointed out that we'd then have to pay for the drugs, rent, nurse/pharmacist/pharm tech/MA/scheduler salaries, capital depreciation, capital expansion, etc...out of our own pockets, the suggestion was quickly withdrawn.

I'll just take myself as an example and consider the math as above. If I were going to open a solo oncology practice with infusion. I'd need at least:
3-4 RNs (need at least 2 for chemo checking/administration and RNs like to take vacation too also need at least 1 for triage/coordination) @ ~$100K/y
2 MAs @ ~$40K/y
2 Schedulers @ ~40K/y
1 Pharm Tech @ ~30K/y
Office manager (I don't want to deal with all those yahoos up there on a daily basis, I've got patients to see) - $50-60K/y

Just with those (and that's honestly a pretty lean staff for an oncology practice), salary and benefits are already >$1M/y. And that's before I buy/rent a space, buy/rent/maintain equipment, etc, etc.

I could certainly make more money than I do now if I were to "go it alone" in the right market. But I would have to move somewhere with minimal competition first, and would need probably 2-4 years to get to that revenue level (while somehow coming up with all that other money in the interim). But it's just not worth it to me. Perhaps it is to others.
 
OK so you are an IM PGY-1 and your spouse is set on training for 5 or 6 years and a low paying specialty. I really hope you are both at places that make PSLF an option. That seems like the only way out for you unless you ride crypto to the moon
 
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Every hospital has to file a 990 form, which reports something like its 25 top earners.

Its a favorite pastime of mine when I'm working like a dog overnight during my 3 hour break to leisurely peruse them. (For bonus excitement, its pretty easy to then look up where they live... if you're into some dank real estate)

Most docs on this list are in the 800k-1m range. In my experience- the 25th percentile is around 600-750k and a 75th+ percentile of 1-1.2k. Everyone on this list is almost exclusively a neurosurgeon or orthopod. A handful thoracic surgeons, a couple of interventional cardiologist (I'm looking at you, west virginia). I think I've seen one gastroenterologist around 800k in New Mexico, one derm on cape cod.

My impression is private cardiologists and GI do average around 450-500 and those who truly work like dogs are in the 600-750k range.

While I do think this is about double what a daytime hospitalist working equally hard pulls, I think the equation is much closer when you compare them to nocturnists. Don't forget to factor in the 3-4 year opportunity cost, and don't forget the diminishing returns once in the highest tax bracket (1st percentile 1st world problems..)

How do you look up the 990 forms? Are they publically available on the internet?
 
How do you look up the 990 forms? Are they publically available on the internet?

Keep in mind it’s only useful if your hospital directly employs people.

Mine has groups they contract with so nothing interesting on there.
 
It isn’t just about not dealing with bs. GI can do an egd in about 5 minutes if no samples are needed and generate 2 rvus. A left heart cath can generate 12+ rvu in 30-45 minutes. The only gi making 450/yr work for a hospital. Pp guys running their own offices or who have their own procedure suites to dip the facility fee are making multiples of that.

mgma 90th for cards ep is 1.1 million. Gi is 885. Hospitalist is 445.
What you are saying is very true, but it's far more likely for hospitalist (like nurses) to pick up shifts for extra pay than a specialist. In most cases specialists are hired for the FTE and there is less off time for picking up extra work. There are only so many caths and EGDs you one can do (though I know some GI docs doing EGDs for ?indications). Also, going to those private practice high paying card, hem/once jobs are not a reality for most grads these days. GI still has PP jobs but more hard these days to get millions owning endoscopy suit. Most of us are hospital or private equity employees (and many new grads prefer to get pay check from W2 job than managing a business) and private practice is slowly dying.

My conclusion is whether lucrative or not, specialist path is more sustainable than being a hospitalist.
 
What you are saying is very true, but it's far more likely for hospitalist (like nurses) to pick up shifts for extra pay than a specialist. In most cases specialists are hired for the FTE and there is less off time for picking up extra work. There are only so many caths and EGDs you one can do (though I know some GI docs doing EGDs for ?indications). Also, going to those private practice high paying card, hem/once jobs are not a reality for most grads these days. GI still has PP jobs but more hard these days to get millions owning endoscopy suit. Most of us are hospital or private equity employees (and many new grads prefer to get pay check from W2 job than managing a business) and private practice is slowly dying.

My conclusion is whether lucrative or not, specialist path is more sustainable than being a hospitalist.
The specialists don't need extra shifts because they make 25-100%+ more per hour than a hospitalist. I dont think new grads intentionally want to go work for a hospital and make some admins rich, it is just what they are able to find. If a hospital were to offer them a contract with a stipend + 80% collections for services and someone were to actually bother looking in to what this would generate that would be the select choice every single time because it is always more.
 
The specialists don't need extra shifts because they make 25-100%+ more per hour than a hospitalist.
Isn't that what the posters above said. Hospitalists working 55-60 hrs a week can make close to a 25th-50th percentile of a specialist. In my eg, I work in a community hospital of a huge academic institution and I get paid 125$ per hr and my full time is 11 shifts a month ( mix of days and nights). Days are 8-4 with cap of 12 pts but nights which are mandatory are longer and stressful.
So theoretically I can make as much as our employed general cardiologist by picking up shifts (which are mostly chill).
But I actually dropped my FTE and chose to stay home because I hate my job and waiting to leave this toxic place.

Another important consideration is the impact on health. One can see the burnout associated with shift work in EM forum and all those guys talking about FI/FIRE. Though some nocturnists are making 500k now, it's definitely not sustainable for a healthy life.

I can't do nights anymore. Even one 14 hr night annoys me though I've so many days off. Just two nights in a row is enough to make me tired for a week. I've gained weight, have GERD and generally dysthymic with this day/night flip flop. Specialist with good pay and lifestyle like Hem/Onc, GI, cards will always come out ahead and those fields will be very competitive for various reasons.
 
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It seems like the hospitalist market is getting a lot better right now. A few places in desirable locations that I applied early this year did not even bother to reply. Now I am getting emails and calls from them. I guess I signed my contract too early.
 
It seems like the hospitalist market is getting a lot better right now. A few places in desirable locations that I applied early this year did not even bother to reply. Now I am getting emails and calls from them. I guess I signed my contract too early.

That would be nice. I have a couple of 3rd year residents that are still looking for hospitalist jobs and haven't found something that fits.
 
It seems like the hospitalist market is getting a lot better right now. A few places in desirable locations that I applied early this year did not even bother to reply. Now I am getting emails and calls from them. I guess I signed my contract too early.

A couple of weeks ago you said it was tight and I took your word for it. Do you really think such a thing changes within 1-2 months time or do you think our vantage/experience point is just limited?
 
A couple of weeks ago you said it was tight and I took your word for it. Do you really think such a thing changes within 1-2 months time or do you think our vantage/experience point is just limited?
Not sure, but this week I have gotten emails and calls from 4 places (AZ, TX, NV) that did not bother to reply when I applied; asking if I am still interested. My theory is that more people are going to the ED since covid19 is dying down.



Example of one:


Good morning,

You had previously applied for a position with us below and we are starting to consider candidates again for Las Vegas, Nevada. Are you still looking for an opportunity?
 
Not sure, but this week I have gotten emails and calls from 4 places (AZ, TX, NV) that did not bother to reply when I applied; asking if I am still interested. My theory is that more people are going to the ED since covid19 is dying down.



Example of one:


Good morning,

You had previously applied for a position with us below and we are starting to consider candidates again for Las Vegas, Nevada. Are you still looking for an opportunity?

Job change musical chairs is more likely than sudden increase in volume causing 4 hospitals to increase their staffing needs.
 
Not sure, but this week I have gotten emails and calls from 4 places (AZ, TX, NV) that did not bother to reply when I applied; asking if I am still interested. My theory is that more people are going to the ED since covid19 is dying down.



Example of one:


Good morning,

You had previously applied for a position with us below and we are starting to consider candidates again for Las Vegas, Nevada. Are you still looking for an opportunity?
No this is just the cycle...locums assignments for hospitalists pick up at this time of the year... people are leaving for fellowship or changing jobs because July August September is when people started and contracts are coming to an end...not surprising at all to see in may...happens around September October as well.
 
What you are saying is very true, but it's far more likely for hospitalist (like nurses) to pick up shifts for extra pay than a specialist. In most cases specialists are hired for the FTE and there is less off time for picking up extra work. There are only so many caths and EGDs you one can do (though I know some GI docs doing EGDs for ?indications). Also, going to those private practice high paying card, hem/once jobs are not a reality for most grads these days. GI still has PP jobs but more hard these days to get millions owning endoscopy suit. Most of us are hospital or private equity employees (and many new grads prefer to get pay check from W2 job than managing a business) and private practice is slowly dying.

My conclusion is whether lucrative or not, specialist path is more sustainable than being a hospitalist.

What makes you say this: "going to those private practice high paying card, hem/once jobs are not a reality for most grads these days", could you please expand on what you mean relative to previous times? I was under the presumption that some large conglomerates such as kaiser do offer pay close to mgma median
 
This job has been available for months there is probably a reason other than it's in alaska that it's not filling... Alaska can't be that bad can it?
You know, for someone who started the thread saying "Location does not matter, days/week does not matter, and honestly satisfaction with my work environment does not matter as this would be a temporary position," you sure sound pretty picky about this Alaska job.
 
Varies greatly based on state

RN in states in the Northeast and West are doing well. Amazing to see RN can make 100k/yr easily (48 hrs/wk) in many part of the country with just an AS degree.

Dont you guys think healthcare sector salary is bloated? RN, RT, CT tech, MRI tech etc... are making 70k+/yr working 3 days/wk.
 
RN in states in the Northeast and West are doing well. Amazing to see RN can make 100k/yr easily (48 hrs/wk) in many part of the country with just an AS degree.

Dont you guys think healthcare sector salary is bloated? RN, RT, CT tech, MRI tech etc... are making 70k+/yr working 3 days/wk.
I made 55k working two days a week as a RT 12 years ago

Also, yes, salaries are bloated. But the real bloat is admnin.
 
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