private group versus hospital employee?

Discussion in 'Emergency Medicine' started by kat82, 05.12.14.

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  1. kat82

    kat82 7+ Year Member

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    Hi all- pardon my ignorance but can someone go into the pros and cons of working as a hospital employee versus for a private group?

    I've only ever worked as a hospital employee. It's very simple. I'm paid an annual salary. I don't have to deal with things like RVUs. I have great benefits. I know nothing about the benefits or drawbacks of working for a private group. If someone could go into this for me, I would appreciate it

    Thanks!
     
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  3. The White Coat Investor

    The White Coat Investor AKA ActiveDutyMD Partner Organization 10+ Year Member

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    Benefit: You get paid more. Remember an employee can never be paid what he is worth (at least long term), otherwise there would be no profit left for the employer.

    Drawback: You have to deal with things like RVUs and you get to pay for (and decide on) your own benefits.
     
  4. kat82

    kat82 7+ Year Member

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    Is this (paying for your own benefits) only the case for an independent contractor or the same if you work for a group (for example, EMA, EMP, etc)
     
  5. The White Coat Investor

    The White Coat Investor AKA ActiveDutyMD Partner Organization 10+ Year Member

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    I get every dollar I earn. I then pay for my benefits. I "work for a group" but I'm also an owner of said group. I don't know exactly how EMA and EMP are structured. If you own the business, you get the profits. If you don't, then someone else gets them. It's as simple as that.
     

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