97t

5+ Year Member
Apr 29, 2010
17
0
Status
Resident [Any Field]
Hey guys,
senior resident here evaluating jobs with a question about compensation. The job I'm looking at (community hospital with residency in the midwest) is offering 65% of billing with a mininum guranteed hourly rate. As you build years you get some profit sharing (10-30k depending). standard benefits given inculding malpractice with tail, though I pay for health insurance. I would be an employee of the group no one is a partner. They say the other 35% is overhead for the group. Is 35% a reasonable number for overhead or are they taking too much?
 

Venko

True to self
Lifetime Donor
10+ Year Member
Jan 24, 2006
734
464
Rochester, MN
Status
Attending Physician
Hey guys,
senior resident here evaluating jobs with a question about compensation. The job I'm looking at (community hospital with residency in the midwest) is offering 65% of billing with a mininum guranteed hourly rate. As you build years you get some profit sharing (10-30k depending). standard benefits given inculding malpractice with tail, though I pay for health insurance. I would be an employee of the group no one is a partner. They say the other 35% is overhead for the group. Is 35% a reasonable number for overhead or are they taking too much?
Is there a partnership track? I would ask to see the books (I'm told its a good practice whenever you are considering a new job to assess viability of the practice) and have an accountant review them to see if that is a reasonable amount.