Private Practice vs. Managed Care

[mohandess]

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I would really appreciate anyone's advice about this: have been working with a managed care organization for the past 3 years. I make into the upper 500k. Good benefits. Good lifestyle. Got an opportunity to work in a private practice with significant more salary (probably double), good contracts in place and with PI work. I don't know if it's worth jumping ship? The current job does have potential to move into management positions as well.

 

[drusso]

I would really appreciate anyone's advice about this: have been working with a managed care organization for the past 3 years. I make into the upper 500k. Good benefits. Good lifestyle. Got an opportunity to work in a private practice with significant more salary (probably double), good contracts in place and with PI work. I don't know if it's worth jumping ship? The current job does have potential to move into management positions as well.

Wow, that's fantastic money with no real financial responsibility nor "skin in the game." Why would you ever leave?

 

[Peterluger]

Yeah thats great money for Pain. Right now all the private pain ppl i know are making significantly less than people practicing private anesthesia

 

[SSdoc33]

He would leave to make 2x the money

Id say that you better be sure that you are gonna make that much more to leave th security of your current job. A bird in the hand is worth 2 in the bush.

Also, you would have to mentally be prepared to probably work harder with more administrative time.

Overall, it is hard to comment without more specifics, but it would be hard to believe that you would just be able to jump right in and make 1.15mil

 

[Gauss]

I would really appreciate anyone's advice about this: have been working with a managed care organization for the past 3 years. I make into the upper 500k. Good benefits. Good lifestyle. Got an opportunity to work in a private practice with significant more salary (probably double), good contracts in place and with PI work. I don't know if it's worth jumping ship? The current job does have potential to move into management positions as well.

never ever ever leave a good job

 

[SommeRiver]

This is a bad idea.

 

[Ducttape]

if drusso is telling you not to go in to Private Practice, that counts as double...🙂

 

[lobelsteve]

if drusso is telling you not to go in to Private Practice, that counts as double...🙂

You mean the other way though.

He is such a dancing queen.

 

[SommeRiver]

You're considering walking from an ocean breeze showering you with over half a million dollars to something that is going to be wildly different. I can virtually guarantee you the route you take to over a million dollars will be littered with BS.

It is odd a private practice would take someone from managed care into such a lucrative situation and expect them to pull a million or more dollars.

Your practice would be a complete 180 degree turn, and the million dollars is IF you're able to turn and burn in the requisite manner that yields that much in collections.

I would stay right where you are dude.

 

[drusso]

You mean the other way though.

He is such a dancing queen.

 

[lobelsteve]

 

[Agast]

Unless the person offering you a $1 million private practice pain job is your immediate blood relative I would take a hard pass. That person is being dishonest, either to you or the government and both are bad.

 

[Ducttape]

fwiw... this would make me not want to leave in and of itself:

with PI work.

 

[myrandom2003]

are you at the end of your guarantee with the organization? What kind of practice do you have currently? mix of interventions and med manage or more of a med manage situation?how many patients are you seeing to justify that income? What patient population do you see now?

 

[SommeRiver]

PI = I have a jackass coming to see me tomorrow who is PI and has been monitoring our notes and making demands for note amendments from the other ppl he's seen.

That ends tomorrow, as does his entire involvement with our clinic.

 

[mohandess]

Thank you guys so much for the advice!!! I really appreciate it.

The current practice is a mix of clinic and procedures.