Was wondering if anyone either has or knows someone who works for a practice that is owned by a private equity firm. A job offer has been introduced to me with such a practice. It is in a geographic locale that is ideal for me. Don’t know many details other than it’s a neurological group with non operative docs as well.
Practice owned by private equity
- Thread starter Dr. Ice
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I interviewed at two a year ago, and like most places they are there to make money. I saw lots of Rx signing for NPs and propofol for epidurals. Managing partners drove very nice vehicles however.
Only an n=2, but shadow a day if you're serious. Ask them to pay half your plane ticket, may save yourself a year of headache. It likely depends a lot on the local office as a lot of these practices have recently merged.
Only an n=2, but shadow a day if you're serious. Ask them to pay half your plane ticket, may save yourself a year of headache. It likely depends a lot on the local office as a lot of these practices have recently merged.
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Here's what happens - The older guys sell and make a huge sum of money, over the next 3 to 4 yrs nothing changes. Eventually you will be underpaid and hate your life once the equity firm completely takes control of the day to day processes. Those older docs who sold and got huge paydays retire.
www.doctormoneymatters.com
Ep 41. Kurt Schoppe, MD — Private equity buying medical groups. What’s the deal? (Part 1)
www.doctormoneymatters.com
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Private equity owned group means that any excess profits above your salary is divided up by people other than you. They also retain control. At least with a doctor owned group, you've got a shot at keeping some of the profits and autonomy.
