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Hi there, I was offered 45% of collections for a nursing home part time position? Is this the normal going rate?
Thanks
Thanks
Bolded mine.Except if you are your own boss and own your practice and also directly own the nursing home contract, you will not get anything better than 45%-50% of collections. 40% of collections is the typical starting rate.
The big podiatry nursing home companies (Preferred Podiatry Group, 360 care, etc all start you out at 40% or $500 minimum per day, whichever is greater). They do provide you an MA, instruments, laptops etc. You work as a 1099 independent contractor, no benefits. Least I forget, they deduct your malpractice insurance (that you are required to get from them) monthly from your paycheck.
I think I would honestly rather start my own lawn n' leaf service and live in a van down by the river?Except if you are your own boss and own your practice and also directly own the nursing home contract, you will not get anything better than 45%-50% of collections. 40% of collections is the typical starting rate.
The big podiatry nursing home companies (Preferred Podiatry Group, 360 care, etc all start you out at 40% or $500 minimum per day, whichever is greater). They do provide you an MA, instruments, laptops etc. You work as a 1099 independent contractor, no benefits. Least I forget, they deduct your malpractice insurance (that you are required to get from them) monthly from your paycheck.
By "own the nursing home contract", I meant direct contract with the nursing home without a middle man. You bill and collect your money 100% without anyone taking a dime. I did not imply you can own the contract and later sell it. Some nursing homes even have various pods coming through to see their patients. There is no monopoly anymore.Bolded mine.
I was involved in a court case about this, and the judge concluded that a private doctor can't "own" a nursing home contract. A lot of times this can be "included" in the sale of a practice, and there is no way to enforce this at all. In fact, most of the time, it doesn't happen. The doctor selling the practice can vouch for the new doctor, but the Nursing Home is under no obligation whatsoever to have the new doctor come in. Unless you actually work for the company that owns/runs the Nursing Home, this fallacy about Podiatrists being able to transfer care of a nursing home to another Podiatrists is BS. It is always the choice of the Nursing Home owners.
I think both your posts had merit. This isn't something talked about enough but people do regularly talking about "ownership" when having a contractual relationship would be a better explanation.By "own the nursing home contract", I meant direct contract with the nursing home without a middle man. You bill and collect your money 100% without anyone taking a dime. I did not imply you can own the contract and later sell it. Some nursing homes even have various pods coming through to see their patients. There is no monopoly anymore.
In this day and age, I don't think many pods are lining up to take over a nursing home contract let alone purchase it. Funny how the only constant pod jobs out there always advertising with so called sign-on bonus is nursing home gigs.
By "own the nursing home contract", I meant direct contract with the nursing home without a middle man. You bill and collect your money 100% without anyone taking a dime. I did not imply you can own the contract and later sell it. Some nursing homes even have various pods coming through to see their patients. There is no monopoly anymore.
In this day and age, I don't think many pods are lining up to take over a nursing home contract let alone purchase it. Funny how the only constant pod jobs out there always advertising with so called sign-on bonus is nursing home gigs.
I think both your posts had merit. This isn't something talked about enough but people do regularly talking about "ownership" when having a contractual relationship would be a better explanation.
I am sure you are keeping 100% of your collection that is why nursing home is worth it.I've been doing nursing homes to a degree my whole career,
Hi there, I was offered 45% of collections for a nursing home part time position? Is this the normal going rate?
Thanks
The most time-tested and proven of all TFP early retirement pearls right thereHave you tried just calling the nursing home and say you'll do it cheaper than the other guy?
We should remember that If OP was an associate working for another pod, OP typical contract will be 20%-30% of collection for the same nursing home visit.
45% isn’t bad. I would shoot for at least 50% or even 65% assuming there are no benefits. You are part time, 1099?Hi there, I was offered 45% of collections for a nursing home part time position? Is this the normal going rate?
Thanks
Exactly.Bolded mine.
I was involved in a court case about this, and the judge concluded that a private doctor can't "own" a nursing home contract. A lot of times this can be "included" in the sale of a practice, and there is no way to enforce this at all. In fact, most of the time, it doesn't happen. The doctor selling the practice can vouch for the new doctor, but the Nursing Home is under no obligation whatsoever to have the new doctor come in. Unless you actually work for the company that owns/runs the Nursing Home, this fallacy about Podiatrists being able to transfer care of a nursing home to another Podiatrists is BS. It is always the choice of the Nursing Home owners.
I would personally rather work in a factory putting erasers on #2 pencils than clip nails in a nursing home.
4 years of college, 4 years of pod med school, at least 3 years of residency, to go bed to bed and cut toenails.
The same thing the untrained assistant is doing for the patient’s fingernails.
Sometimes it’s not all about the money.
Will be hilarious to see a Hand Surgeon clip fingernails even in their private clinic let alone at a nursing home.The same thing the untrained assistant is doing for the patient’s fingernails.
Will be hilarious to see a Hand Surgeon clip fingernails even in their private clinic let alone at a nursing home.
Funny how diabetic patients demand to have their toenails cut but will never dare request that from a Hand surgeon. Even your local PCP will not call to put a nail clipping patient on a Hand surgeon clinic schedule.
I'm not aware of diabetics losing their hands because their fingernails are cutting into their hands...
That doesn’t change the fact that a nurse could be cutting toenails. I’ve worked in two offices where medical assistants did most of the nail cutting. I’m sure that’s not rare. The patient demands to have their toenails cut because it’s a covered service, if it wasn’t many wouldn’t go to a doctors office to have it done and nursing home jobs for podiatrist wouldn’t be a thing. They’d hire a $15 /hr nail tech/MA to do it
And that doesn't change the fact that diabetics have had parts of their feet amputated because of improper toenail care.
That’s both incredibly rare and inadequate justification for the pervasive thinking (thanks podiatry) of “only a doctor can cut your toenails.”
I currently have a diabetic who has had more fingers amputated than he has toes, two of which were due to finger paronychia. So why can a nurse, family member, or Korean lady at the mall, still cut his fingernails?
It's really time to stop putting podiatrists and routine nail clippings in the same sentence. I don't know about y'all's training, but I've never even had a single lecture or "hands on education" when it came to how to cut toenails. I kid you not, years ago at DMU they're just like here do it. So if podiatry students are just being told to do it, so can a MA or a nurse. The flow should be podiatrists examine the patient as a preventative measure, followed by an MA or nurse cutting the toenails. We are not pedicurists, we did not obtain massive student debt to just clip toenails all day. This is one big reason podiatry has a hard time getting parity when viewed by other physicians. What other speciality is literally bent over on the floor cutting nails at times.. give me a break.Apparently, according to our Government, it is more than adequate justification for the pervasive thinking of our profession. And, as you know, the justification is that you are doing a foot exam at the same time, as a preventative measure. Are you actually disputing this?
It's really time to stop putting podiatrists and routine nail clippings in the same sentence. I don't know about y'all's training, but I've never even had a single lecture or "hands on education" when it came to how to cut toenails. I kid you not, years ago at DMU they're just like here do it. So if podiatry students are just being told to do it, so can a MA or a nurse. The flow should be podiatrists examine the patient as a preventative measure, followed by an MA or nurse cutting the toenails. We are not pedicurists, we did not obtain massive student debt to just clip toenails all day. This is one big reason podiatry has a hard time getting parity when viewed by other physicians. What other speciality is literally bent over on the floor cutting nails at times.. give me a break.
One, I'm not a podiatry student. I'm a fellowship trained podiatrist who does not see any nail care. Two, you're welcome to continue your old school train of thought, but if you are are not able to build good rapport with your patients during the clinical encounter and believe its all coming from nail care then *shrug*.If you aren't prepared to cut toenails for at least part of your day as a practitioner, you picked the wrong profession. And cutting Grandma's toenails is an excellent way to cultivate more patients into your practice.
Sad that some modern day podiatry students can't seem to see the big picture, in their chosen profession. It's also a matter of honoring those before you that made podiatry what it is today. You want to be a big shot surgeon? Good for you. You should have gone into a General Surgery residency out of MD or DO school.
"Parity"? Why do you want "parity"? Ask yourself how that will make your daily practice life better. What will "parity" bring you that you don't already have? "Parity" has been this BS image that has perpetuated since before I was even in podiatry school. What exactly IS "parity" anyway? You want respect? Earn it from your patients. The rest will fall into place.
One, I'm not a podiatry student. I'm a fellowship trained podiatrist who does not see any nail care. Two, you're welcome to continue your old school train of thought, but if you are are not able to build good rapport with your patients during the clinical encounter and believe its all coming from nail care then *shrug*.
Why is parity important? Let's start with income. Its a tragedy that some new grads consider ridiculously low offers of 75-90k because of "those before me" abusing them for their own financial gain. I've never seen an MD/DO come out of residency making 75k. So, until basic quality of life changes like that are corrected, forgive me if I don't buy into "the rest will fall into place" mentality.
It actually makes perfect sense. You mentioned cutting grandma's nails gets more patients through the door. I'm arguing that good rapport with your patients is a better way to cultivate more patients. Word of mouth is by far the best way to grow a practice, and providing excellent compassionate care goes much further than you cutting toenails. The patients will not care if someone else clips them as long as you provided excellent care.Good for you. I encourage you to read what you wrote and think on it a bit. What you wrote about good rapport makes no sense at all with a little thought. I can almost guarantee that once you've been in practice for 20 years, you will have cut some toenails. And if you don't, you are the extreme exception. A control group of one is meaningless.
If you feel you can increase the pay for your eventual need for an associate, then by all means, pay more. Whether we have "parity" or not has nothing to do with reimbursement and everything to do with practice management.
If you are employed in a hospital position or work for an Ortho group, I'd be very interested to know how much actual practice management experience you have. Which, based on your comment about nail care, makes me think that's exactly who you are employed by.
So you're saying you gain more of a rapport with a patient you've seen once for an office visit than for a patient I see every 62 days? Who willingly returns to see me, over a few years? And sends every other family member to me, as well? Ooooookay...It actually makes perfect sense. You mentioned cutting grandma's nails gets more patients through the door. I'm arguing that good rapport with your patients is a better way to cultivate more patients. Word of mouth is by far the best way to grow a practice, and providing excellent compassionate care goes much further than you cutting toenails. The patients will not care if someone else clips them as long as you provided excellent care.
Also to answer your question, I neither work for a hospital position or an ortho group.
IMO parity definitely plays a big role in reimbursement.. if we don't have the same level of respect as our peers, then the ones setting reimbursement rates are not going to give us the same cut. Why is it in some states ultrasound guided injections aren't reimbursed for podaitrists but are for other physicians? Why are other specialities sometimes being paid more for the same procedures? These all have to do with parity.
Y’all sound like med residents that think they’re too good to do a guaiac or a PCP who refuses to do a prostate exam.
It’s gross, it ain’t glorious, but it comes with the territory. Get over it, do it, and then bill for it. There are worse things than having to cut a diabetic’s nails.
No. I don’t think that makes me better than anyone, I was clarifying that I’m not a student. You on the other hand are clearly throwing your age and experience around to make yourself seem mighty while being extremely condescending. Not worth the energy or time. Have a great day.That's exactly what it sounds like.
Particularly when they throw out the "Fellowship trained..." No one cares. Are you a good physician and surgeon? That's all anyone cares about. And you can have the best training in the World and still be terrible. Spewing your credentials, especially here, is laughable.
No. I don’t think that makes me better than anyone, I was clarifying that I’m not a student. You on the other hand are clearly throwing your age and experience around to make yourself seem mighty while being extremely condescending. Not worth the energy or time. Have a great day.
Naw, I'm not talking down to anyone. The mentality of asking people to respect podiatry elders simply because they've been around is literally toxic. I don't know if I respect you, because I don't know who I'm talking to behind the computer screen. Students should respect teachers, residents should respect attendings, fellow podiatry colleagues should not be forced to respect someone based off age. Respect should be earned by what you do.Only reason I thought you were a student was because it says so in your avatar.
And I have a lot more experience than you do. Yet, you talk to down to me like you are superior. You come across as very aloof, yet don't really have the knowledge to back it up. Your comment about different pay shows that glaringly well.
You'll find that I treat others the way they treat me. You think my condescending demeanor isn't becoming? Look in the mirror. That's how you come across. Fix you, and I'll fix how I respond to you.
Naw, I'm not talking down to anyone. The mentality of asking people to respect podiatry elders simply because they've been around is literally toxic. I don't know if I respect you, because I don't know who I'm talking to behind the computer screen. Students should respect teachers, residents should respect attendings, fellow podiatry colleagues should not be forced to respect someone based off age. Respect should be earned by what you do.
Completely unrelated - but aloof is not the word you were looking for. Not sure how "being distant" has anything to do with knowledge, per your wording.
One, I'm not a podiatry student. I'm a fellowship trained podiatrist who does not see any nail care. Two, you're welcome to continue your old school train of thought, but if you are are not able to build good rapport with your patients during the clinical encounter and believe its all coming from nail care then *shrug*.
Why is parity important? Let's start with income. Its a tragedy that some new grads consider ridiculously low offers of 75-90k because of "those before me" abusing them for their own financial gain. I've never seen an MD/DO come out of residency making 75k. So, until basic quality of life changes like that are corrected, forgive me if I don't buy into "the rest will fall into place" mentality.
Okay, but you're highlighting the point I've been trying to make. If ALL you did was nail care, you would not be getting the same level of respect that you have built for yourself that the hospitals/surgery centers are seeing. There is nothing wrong with doing nails here or there just as a continuum of care for someone that sought you out, but it should not be the majority of your practice. Not everyone has to be a surgeon, but there is more to podiatry than either nails or surgery. If all podiatrists can't get on this same page, we are just holding each other back. We went to school to treat foot and ankle pathology. Can anyone even recall a SINGLE question they ever took on boards or an in school test that related to routine nail clippings? That is not the focus of our education or training, yet somehow podiatrists over the years have convinced themselves this is what the career has become.I'm in an ortho group and even though PCP's rarely send me diabetic nail stuff - these nail care patients still find me somehow and I still do some in my practice. I will happily take care of it as long as they meet Medicare guidelines for high risk nail care, no problem.
Regarding parity - I let my hard work do the talk. Ortho in my group and in the hospitals/surgery centers I do cases at can also see my work. I don't need to get involved in the politics as I've built a relationship from my work, as other OG posters on here have done so as well - buildign up a practice from scratch and gaining respect from their peers.
Okay, but you're highlighting the point I've been trying to make. If ALL you did was nail care, you would not be getting the same level of respect that you have built for yourself that the hospitals/surgery centers are seeing. There is nothing wrong with doing nails here or there just as a continuum of care for someone that sought you out, but it should not be the majority of your practice. Not everyone has to be a surgeon, but there is more to podiatry than either nails or surgery. If all podiatrists can't get on this same page, we are just holding each other back. We went to school to treat foot and ankle pathology. Can anyone even recall a SINGLE question they ever took on boards or an in school test that related to routine nail clippings? That is not the focus of our education or training, yet somehow podiatrists over the years have convinced themselves this is what the career has become.
I'm not backpedaling at all. Our conversation shifted to a discrepancy about rapport versus cutting toenails to generate business. That is not what my previous comment was about. My previous comment was simply saying that if that is at your door, then obviously you treat it, the patient always comes first, but toenail clippings should not be how we market ourselves or our businesses.Now you're backpeddling, LOL.
Bolded mine. Where did ANYONE say this? I said, "at least part of your day". And you hopped all over me about it
Bold mine. And where did anyone say you should?I'm not backpedaling at all. Our conversation shifted to a discrepancy about rapport versus cutting toenails to generate business. That is not what my previous comment was about. My previous comment was simply saying that if that is at your door, then obviously you treat it, the patient always comes first, but that should not be how we market ourselves or our businesses.
I'm really not sure why you're taking everything so personal. When did I say YOU said any of this? I think its asinine to suggest that we all can't think of at least one podiatrist where essentially all they do is toenail clippings. If you don't, then go to google and search podiatry jobs, and the majority are just nursing home toenail clipping gigs.Bold mine. And where did anyone say you should?
I'm really not sure why you're taking everything so personal. When did I say YOU said any of this? I think its asinine to suggest that we all can't think of at least one podiatrist where essentially all they do is toenail clippings. If you don't, then go to google and search podiatry jobs, and the majority are just nursing home toenail clipping gigs.
With that being said, something you did say, is that students that want to focus on surgery should go to medical school and follow a different career path. One of the beautiful things about our profession is you can really forge your own future. If you want to be surgical, more power to you, if you never want to step foot in an OR, also more power to you. My opinion on nail clippings is staying the same though. We all worked way too hard to constantly be featured on a never ending joke that podiatrists aren't real doctors, we just give pedicures.
I never once said all I do is surgery, and that was not the impression I was trying to give off either. I work with a vascular group hired specifically for diabetic limb salvage.@nikkisorous
I'm curious. What kind of practice do you work in that all you do is surgery and don't cut any nails.
I ask because I know a very intelligent, talented Podiatrist who also mostly does surgery, but he also has other doctors that work for him that do mostly nail care. They are older, so their time of doing the fancy surgeries have passed and they understand that. And the Podiatrist who owns the practice also understands that nail care is not only an important part of what we do, but pays the bills as well. He also understands that many of the surgical patients he sees are family and friends of the nail care patients that refer their family to the practice.
One serves the other.
Fair point. We certainly did go off on a tangent. Tbh, I didn't really comment on it because more knowledgable posters gave their opinion on the matter. With what limited knowledge I have with nursing home gigs, I would second the notion that 45% is on the low-average end.I'm no Mod, but seems we can go ahead and lock this one.
Doesn't seem like NobodyDPM or nikkisorus are interested in OPs nursing home offer...
I never once said all I do is surgery, and that was not the impression I was trying to give off either. I work with a vascular group hired specifically for diabetic limb salvage.
This is my final reply, as we have been rightfully called out for polluting this post with banter.Ahhhh, so you work with a vascular group. So rather than hire a Vascular Surgeon to do limb salvage, they hire a Podiatrist, pay him a lot less than a Vascular Surgeon, and get the same service from him.
Now, when they get rid of you for whatever reason in 5 to 10 years, what are you going to do? You won't have a clue about running a practice and won't have real World experience cultivating your own practice. Maybe only then will you realize the value of what nail care has to offer. Are you getting the diversity of cases necessary for Board Certification?