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How many patients are you guys seeing in a day, new and established pts, with what type of support staff, PA's, MA's etc.
how long did it take to get to that level in your practice.
it is CRUCIAL that you have at least one half-day to one full day off per week... for your sanity and business stuff...
if you spend every day leveraging yourself to create income, you will miss opportunities to develope strategies that leverage others to create passive income.
it is CRUCIAL that you have at least one half-day to one full day off per week... for your sanity and business stuff...
if you spend every day leveraging yourself to create income, you will miss opportunities to develope strategies that leverage others to create passive income.
considering the patient volume you guys are doing, how long do you spend with a new patient, a established patient.
how long is the patient in the clinic for...from check in to check out.
whats up with this passive income, can't possibly stocks.
New patient 30 minutes
Established patient 15 minutes
Check-in to check-out 20 minutes added to office visit
Passive income: Own physical therapy clinic (25%), multiple surgical center shares, own an in-clinic pharmacy (100%), own MRI center (5%)
New patient 45 minutes
follow ups 15min
Average patient wait time to see me is 0-5minutes (I set my clock 10 min ahead, arrive 5min early, and hate waiting;; so I don't like to make others wait).
I hate to let patients wait too. My problem is not my scheduling, its the jackholes who show up at the time of a new appointment, not 30 min early as instructed, to fill out paperwork. They then take 45 min to fill out basic crap. They don't bring films, so we call around town to get the info. Then, they expect work restrictions, FMLA papers, and they want to argue for 15min about the hydros. THAT is the crap that gets me behind.
New patient 45 minutes
follow ups 15min
Average patient wait time to see me is 0-5minutes (I set my clock 10 min ahead, arrive 5min early, and hate waiting;; so I don't like to make others wait).
Own an in office pharmacy 100%.
Didn't know you could do that
I have posted a DME questions thread in private forum. I actually just wrote something about physician owned pharmacies on the private forum DME thread. Consider the DME thread as a "passive income thread" and feel free to hijack it with other "passive income" practices/ideas.
an in clinic pharmacy - is that only for pain meds?
how may PT therapists do you employ?
My problem is not my scheduling, its the jackholes who show up at the time of a new appointment, not 30 min early as instructed, to fill out paperwork. They then take 45 min to fill out basic crap. They don't bring films, so we call around town to get the info. Then, they expect work restrictions, FMLA papers, and they want to argue for 15min about the hydros. THAT is the crap that gets me behind.
new patients: 30 min
follow-ups: 15 min
i double book everybody - and pray for cancellations (medicaid patient population always come through on that one)....
the only patients who don't get double booked are ANY referrals for chronic multifocal pain, or MULTIPLE issues - the referral coordinator keeps track of that.
any patient who shows up late (without a good excuse), or can't get their paperwork done in time... they get cancelled and re-scheduled for another day... i ain't gonna let them slow my day down...
my biggest frustrations are with URGENT referrals -- i find that 90% of my URGENT referrals are never URGENT and are usually bogus patients to begin with --- they probably harass PCP doctor's secretary enough for the PCP's office to make that request with us... of course, we always comply and i get screwed squeezing in patients URGENTLY for pain that they have had for 19 years without any exacerbations.... so for now, the new rule is: any urgent referral the PCP/referring dr has to speak w/ me... so far that seems to have significantly cut down on the surprise URGENTS.
I also have instituted a policy that anybody who has to wait longer than 40minutes gets a $4-5 coupon to a coffeeshop, donuts place, whatever.... that has been a great idea, improved satisfaction and barely costs me more than $100/month.
i have looked into pharmacy --- 2 issues - volume of patients getting meds... how many patients do you have to rx for for this to break even... other issue is safety of storage - we have had a few break-ins at local pharmacies (CVS, etc) for opioids and other bogus meds (probably for re-sale - i heard PEPCID has got a great re-sale value - go figure)...
for the record, i NEVER shave with other solo guys 😀
i am solo - i take call 24/7 --- however, the only way to get me on the phone after hours, the patient has to be either in the ER or an inpatient... the patients are educated that all other calls/issues can be left as messages on voice mail, and that we will address those issues during business hours and schedule an earlier F/U if necessary/appropriate.
most hospital by-laws don't create the expectation that you will be available 24/7 - especially if you are the only guy in your specialty... so the deal for my PCPs/referring docs is: i am available 24/7 whenever they need me (they get my cell #), but when i am on vacation I become unavailable - i send out a letter to everybody about 2 weeks before anticipated time off.
i don't RX controlled substances - so when i am on vacation, it really doesn't affect anybody should they run out - they can call their PCP.
My patients and answering service understand my policy of no refills after hours. When I go on vacation, there is another doctor that takes my call. Going solo requires good business sense and courage (you certainly have that by considering going solo straight out of fellowship). However, if being solo suites your character/personality, you will love it.
You might consider going solo if:
1. you enjoy networking, marketing, selling yourself
2. have a history of starting companies
3. enjoy multitasking (you will not just be practicing medicine, but running a business)
for the record, i NEVER shave with other solo guys 😀
i am solo - i take call 24/7 --- however, the only way to get me on the phone after hours, the patient has to be either in the ER or an inpatient... the patients are educated that all other calls/issues can be left as messages on voice mail, and that we will address those issues during business hours and schedule an earlier F/U if necessary/appropriate.
most hospital by-laws don't create the expectation that you will be available 24/7 - especially if you are the only guy in your specialty... so the deal for my PCPs/referring docs is: i am available 24/7 whenever they need me (they get my cell #), but when i am on vacation I become unavailable - i send out a letter to everybody about 2 weeks before anticipated time off.
i don't RX controlled substances - so when i am on vacation, it really doesn't affect anybody should they run out - they can call their PCP.
What about pump and/or stim patients? How are these patient's covered when you're unavailable? I would think one way to avoid call responsibility on these patients is to never do permanent implants.
5) AVOID at all cost Baclofen pumps as a SOLO guy..
baclofen o/d or withdrawal is a royal pain in the ass
not to mention that most ER docs/critical care docs don't know how to manage baclofen pump issues/complications/ODs/withdrawals.... so if you are out of town, then those patients can be screwed.
it's probably better to let the larger neuro/pm&r groups manage those pumps...
But how often does that happen compared to how much good you can do for people who need them? I'm kind of disturbed about the things I've been reading here lately - stims aren't worth doing, baclofen pumps might blow up on you, etc. Is the specialty evolving into people who just want bread & butter cases?
But how often does that happen compared to how much good you can do for people who need them? I'm kind of disturbed about the things I've been reading here lately - stims aren't worth doing, baclofen pumps might blow up on you, etc. Is the specialty evolving into people who just want bread & butter cases?
read what tenesma said....he said that it is hard for a SOLO guy to do baclofen pumps....I would have to agree with him....Those in bigger groups have a much easier time at it. Are you solo or in a group?
i think the reality is that the SOLO guy without adequate coverage is doomed to end up being primarily bread and butter.... i try to spread my wings and do cool things, but my limitations are the fact that I can't be available 24/7 without seriously affecting quality of life and family time.
if i do a baclofen pump (which can be very rewarding) -- and i am on vacation, then that patient is royally screwed... it just isn't fair... to them or me.
i hear you... but then again you are in a large metropolitan area...
i am solo... in a semi-rural town... with some pain guys within 40 miles who are basically untrained and can basically do series of 3 injections and prescribe narcs... while my hospital has an ICU --- they basically put anybody who is ruling out for an MI into the ICU and everybody else gets transported out to a real ICU about 45 minutes from here...
my local pain guys are useless, and my hospital only allows coverage by physicians credentialed at the hospital (which they are not)...
You could extend this argument to just about anything. I can think of plenty of scenarios other than a baclofen pump that could leave your patient royally screwed.
I'm on call 24/7 every day of the year, even on vacation. It doesn't intrude into my family life at all, nor does it diminish my time off, and I take time off pretty much every month. I get maybe 1-2 calls at home/week, and usually those are consults being called in. A lot of weeks go by with no calls.
OTOH, I enjoy a good relationship with other pain docs in my area so if one of my cases blows up I can rely on them to help me out. Those kinds of relationships are often hard to develop and maintain, but I would recommend that anyone in solo practice do so. If there is a complication while you're gone you want those folks inside the tent pissing out, not outside the tent pissing in.
next to kypho/vertebroplasty, baclofen pumps are my favorite procedure. I am doing more an more. I typically dont have a problem. I do have a partner, but still...it could be dicey, but so could many things...
Do you ever punt any to neurosurg? e.g. the kids with severe CP who a twisted up like a pretzel.