Negotiations

[Spine Specialist]

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Friends-

I am a PMR-based ACGME/Anes Pain fellow who is applying for jobs in academic practice Vs group practice in academic setting. How do i negotiate for percentage in procedures i am going to do after regular base salary? I hope you understand my question.

Any suggestions or advice from practicing pain folks or others will be really appreciated. Thanks!

 

[paz5559]

Friends-

I am a PMR-based ACGME/Anes Pain fellow who is applying for jobs in academic practice Vs group practice in academic setting. How do i negotiate for percentage in procedures i am going to do after regular base salary? I hope you understand my question.

Any suggestions or advice from practicing pain folks or others will be really appreciated. Thanks!

I am not yet in practice, but my understanding, having spoken to both recruiters and potential employers, is that your productivity bonus is typically a percentage of collections or gross revenues, over some multiple of your salary. If, for instance, you were being paid a salary of 200K, the bonus might be 25% of collections in excess of 400K.

The other relevant point regarding a collection-based bonus is the status of accounts receivables if you were to chose to leave the practice. Clearly, you take the hit up front while the practice is waiting for collections. Yet the default seems to be that the practice owns the ARs upon separation, unless you are able to negotiate otherwise.

Hope that helps.

 

[PainDr]

I'll be job hunting next year (ACGME Anes Pain Fellow starting in July), so what's the market like? I'm interested in private practice...not academics. Would prefer So Cal but am not limited to that area. 😀

 

[Spine Specialist]

Thanks paz.

🙂

 

[PainDr]

Bump...anyone have any insights? Thanks! 😀