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Q about doctors' salaries

Discussion in 'Pre-Medical - MD' started by chef, Apr 29, 2002.

  1. chef

    chef Senior Member 10+ Year Member

    Nov 5, 2001
    I hear people constantly mentioning salary differences for academic physicians vs private practice. (~80k vs 300k/yr) However, as far as I can understand an academic physician earns a true salary: it doesn't matter if one sees 10 or 100 patients a day, he'll always get paid the same montly salary by the hospital/university.

    However, when you are in private practice, you are in control of your hours, # of patients, what type of procedures to do, etc, so in fact I think the term salary does not apply to private practioners, but rather "earned income" might be more suitable? For example, how can you assign a "starting salary" for private practice IM docs at city X if doc A works like a dog but doc B works 9-4, 4 times a week?
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  3. Spiderman [RNA Ladder 2003]

    Spiderman [RNA Ladder 2003] Platinum Member 7+ Year Member

    Apr 8, 2002
    When you have a private practice, it is kind of risky because there are a lot practices loose money. When you work for a university HMOs take care of that :)
    However, I still want to own my own practice...

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