Medicus payment issues?

[etherengineer]

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I know there’s that other thread about Medicus but this is… a little more concrete.

How big of a deal is it that Medicus didn’t pay today? They’ve paid on time every other week and the job is at a stable academic center. The non-Medicus docs were all paid. My recruiter is saying it’s related to internal issues and after initially saying it’d be fixed today is saying Monday.

They’re breeching the contract but sounds like they just messed up and are trying.

Is anyone else having issues? Is Medicus having cashflow problems?

 

[aneftp]

I know there’s that other thread about Medicus but this is… a little more concrete.

How big of a deal is it that Medicus didn’t pay today? They’ve paid on time every other week and the job is at a stable academic center. The non-Medicus docs were all paid. My recruiter is saying it’s related to internal issues and after initially saying it’d be fixed today is saying Monday.

They’re breeching the contract but sounds like they just messed up and are trying.

Is anyone else having issues? Is Medicus having cashflow problems?

You say other docs are paid today? So you know the pay roll calendar of the other locums companies?

Are you living paycheck to paycheck?

Once in while the paycheck didn’t get processed but usually it got paid out the next pay period or sooner with various locums companies I work for.

I’d give it a few days before alarm bells ring if the company is in trouble.

Medicus is just a third party company. The academic center is paying all the real bills.

 

[etherengineer]

You say other docs are paid today? So you know the pay roll calendar of the other locums companies?

I guess? I just asked each of them and turns out we all get paid Friday morning.

I’m looking to know if anyone can reassure Medicus isn’t running out of cash. The hospital pays Medicus I believe 1 week in advance to Medicus paying me.

If is not a big deal I’ll let it go. But I also don’t want to keep working for free for them if they are running out of cash.

 

[narcotics999]

Last year I worked for an academic center through medicus. The payments were often late. Recent a couple months at another gig under medicus, the payments always on time.

Usually it is not due to medicus; it is the contract hospitals.

 

[aneftp]

Last year I worked for an academic center through medicus. The payments were often late. Recent a couple months at another gig under medicus, the payments always on time.

Usually it is not due to medicus; it is the contract hospitals.

Bingo. Medicus is nothing but a shell. They own nothing. They just pass the money over to u while getting their cut.

As I always stated. Follow the money trail where the source originates. It’s the hospital paying everything.

 

[coffeebythelake]

2 contracts with them and Never had an issue with medicus payment late

 

[aneftp]

Medicus keeps harassing me with phone calls. I told them to stop calling me until they meet my demands.

I’m about to put them on call block

 

[etherengineer]

Medicus keeps harassing me with phone calls. I told them to stop calling me until they meet my demands.

I’m about to put them on call block

You're missing the part where the other guys got paid. How do you know Medicus didn't get paid too and, instead of paying us is using to make their own payroll? ie-- about to go bankrupt

 

[aneftp]

You're missing the part where the other guys got paid. How do you know Medicus didn't get paid too and, instead of paying us is using to make their own payroll? ie-- about to go bankrupt

They could be failing to make payroll. That’s why I said wait till middle of next week to get it resolved.

AMC side 1099 locums company missed a payment for me last year. They got it resolved in a week.

They actually double paid me! So I wasn’t complaining. Only the 3rd time in my career I got double paid by accident.
There was a anesthesia company with its side 1099 wholly owned subsidiary that filed bk 10 years ago and a few of my friends didn’t get paid their last month of locums work

Around 30k-40k of work they never got paid for

This company tried to sell to Northstar

http://bankrupt.com/misc/AnesthesiaHealt_sale_motion.pdf

 

[Burned_Out]

I am on a Medicus contract now at an academic center. I also didn’t get paid on Friday. My recruiter says the hospital is changing their payment system. He said it will be resolved by next week. We shall see.

 

[aneftp]

This is a general lesson for how payments are made to locums companies. They are merely shell companies with very little or no cash reserves. It’s purely profit for them and easy business markups for the system with very little education required besides sales tactics to get contracts.

Just the way the world works.

And also why there is no real need for locums companies when it’s far cheaper to contract out with providers directly.

But that’s how real estate agents work and the buying and selling process takes a 4-6% cut from the seller.

Hopefully this is resolved and the hospital pays up. As Medicus operates on no or little cash reserves at each facility contract (they have money) but it’s split up in different buckets. Or maybe they have zero cash left in their other buckets to shift payments.

 

[etherengineer]

It’m gets even worse. They take payment in advance and withhold it. Their only expenses are rent, labor and a subscription to salesforce or hubspot. Even the labor is heavily on a commission basis. All that means they probably have less cash in the bank then is due in the next month. It’s a wonderful business for their private equity overlords because they run on free float and have basically infinite ROI. Technically they owe us per the contract, but nothing can stop them from declaring bankruptcy and restructuring into a new LLC. The lack of any real assets means they have nothing to lose.

 

[Burned_Out]

It’m gets even worse. They take payment in advance and withhold it. Their only expenses are rent, labor and a subscription to salesforce or hubspot. Even the labor is heavily on a commission basis. All that means they probably have less cash in the bank then is due in the next month. It’s a wonderful business for their private equity overlords because they run on free float and have basically infinite ROI. Technically they owe us per the contract, but nothing can stop them from declaring bankruptcy and restructuring into a new LLC. The lack of any real assets means they have nothing to lose.

That’s a risk with dealing with any agency. More of a risk if you deal with a 1-man or mom & pop operation. I am looking over my Medicus contract carefully to see what my rights are. Medicus claimed it will be resolved in a week. If not, looking at contract to see if this is a breach of terms and allows me to refuse to go on any further assignments. I will check in with my fellow Medicus locums to see if they are affected.

 

[aneftp]

That’s a risk with dealing with any agency. More of a risk if you deal with a 1-man or mom & pop operation. I am looking over my Medicus contract carefully to see what my rights are. Medicus claimed it will be resolved in a week. If not, looking at contract to see if this is a breach of terms and allows me to refuse to go on any further assignments. I will check in with my fellow Medicus locums to see if they are affected.

Medicus will be all over hospitals to pay up. I have seen this story play out. As recently as 4 months ago locally.

The locums company is in a lawsuit with the provider. Provider quit immediately after not getting paid his contracted rate.

The locums company is suing the hospital to pay up. Hospital refused to pay up (those massive 50-70k a week jobs)

They had to stop payment to the provider cause the hospital refused to pay. The locums kept paying cause the hospital kept paying the locums company and they took their 30% cut so everyone was happy. The wording says the providers gets paid to sleep at home on call and still make 10k a call guaranteed at home on beeper.

Total legit cause that’s how I got paid cause that’s what i negotiated as well (not the same hospital or locums I work for). Different gig. But so many gigs everywhere like that. This kid made 60k last week in another facility on beeper as well.

So the hospital switched locums companies and they are running the same scams and hospitals is still forking over the same money to different providers. It’s quite hilarious.

We live in a messed up system right now with locums and payments. I wouldn’t say we robbing them. Cause the hospital is robbing everyone along with the insurers.

 

[nimbus]

I know there’s that other thread about Medicus but this is… a little more concrete.

How big of a deal is it that Medicus didn’t pay today? They’ve paid on time every other week and the job is at a stable academic center. The non-Medicus docs were all paid. My recruiter is saying it’s related to internal issues and after initially saying it’d be fixed today is saying Monday.

They’re breeching the contract but sounds like they just messed up and are trying.

Is anyone else having issues? Is Medicus having cashflow problems?

I am on a Medicus contract now at an academic center. I also didn’t get paid on Friday. My recruiter says the hospital is changing their payment system. He said it will be resolved by next week. We shall see.

Medicus is telling stories unless both of you are on assignment at the same hospital.

 

[aneftp]

Medicus is telling stories unless both of you are on assignment at the same hospital.

Well Medicus likes academic hospitals contracts.

 

[nimbus]

Well Medicus likes academic hospitals contracts.

I guess it’s possible that 2 different academic centers had payment issues on the same Friday. But how likely is that?

 

[ProRealDoc]

They take about two weeks to pay you, That's been my experience so far

 

[aneftp]

I guess it’s possible that 2 different academic centers had payment issues on the same Friday. But how likely is that?

Yeah. A guy I previously worked with who’s going to Texas next left Medicus 1.5 years ago. I texted him to see if he knew anyone who was still left but he’s doesn’t interact much with others. Medicus had a well known university academic contract in the Midwest for locums. But they were lots of contracts in other states.

University academic locums contracts are usually good long term 1099 opportunities

OP. I wouldn’t freak out yet. Wait til next week. If they fail to give u a firm update by middle of next week. Id be more concern. It’s president’s day weekend and likely the hospital academic payroll division that pays Medicus took the long weekend off since thursdys Feb 13 and will address it Wednesday or Thursday of the coming week.

 

[Anew4215]

Medicus only has handfuls of sites from what I have picked up with active longer term gigs, I could obviously be very wrong (this is for anesthesia). Or at least handfuls of sites still recruiting. I wonder if some of us work together as I also work for medicus (haven't faced the same issue as OP fortunately).

 

[aneftp]

Medicus only has handfuls of sites from what I have picked up with active longer term gigs, I could obviously be very wrong (this is for anesthesia). Or at least handfuls of sites still recruiting. I wonder if some of us work together as I also work for medicus (haven't faced the same issue as OP fortunately).

The real question is do u work for a state owned downtown academic center with Medicus

 

[Anew4215]

The real question is do u work for a state owned downtown academic center with Medicus

Haha I'm trying to think of what this is, but no.

 

[aneftp]

I’ve blocked Medicus 10 different numbers. That company keeps changing numbers. They don’t know how to give up. When no means no.

 

[Maverikk]

I’ve had a similar situation with AMN. After a week and calling and frustrating interactions I told the site leader I wasn’t showing up the next day it if I wasn’t paid, I believe he ran it up to the CMO is what staff told me, it was a small hospital and they liked me and had some bad locums. Magically got my paycheck the same day.

 

[Status Sciaticus]

I guess? I just asked each of them and turns out we all get paid Friday morning.

I’m looking to know if anyone can reassure Medicus isn’t running out of cash. The hospital pays Medicus I believe 1 week in advance to Medicus paying me.

If is not a big deal I’ll let it go. But I also don’t want to keep working for free for them if they are running out of cash.

You're missing the part where the other guys got paid. How do you know Medicus didn't get paid too and, instead of paying us is using to make their own payroll? ie-- about to go bankrupt

From my understanding, the locums company dont get money upfront. The company hires the docs, who then work and submit their timesheets. Locums company then invoices the hospital for the number of hours worked. This is why they give you that deadline to submit your timesheet.

Depending on the hospital/locums contract, this is paid out biweekly to the locums company, which then trickles the pay to the docs.