I think there will be a shift with younger podiatrists being more ethical and treating associates better particularly if they had bad experiences with mustasche pods in the past. I would work for someone who knows how bad that can be.
There are a lot of current gen pods who joke about hiring associates for peanuts but I haven’t seen anyone under 40 actually hire an associate and treat them like crap in reality
This is a good sentiment, but it gives younger PP owners a bit too much credit...
They're just smarter. They know the game in its present form. They understand the debt and the org jobs.
The main moustache PP owner mistakes are:
- They don't understand current DPM loan burden and hospital job options.
- They think they can pay associates ultra-low (they are actually right on this... podiatry was saturated and is now getting super-saturated).
- They think their practice is highly valuable and starting a competing practice is very costly (it's cheaper and easier than ever to start up).
...the younger DPMs know that associates are a big flight risk in many ways. Associates will often suck their base salary, look for hospital jobs every break and lunch, and leave in a couple years to some VA or simply another PP job in a place they like better. Many of them take a PP job since they were lazy or late in starting the job search. That is a waste of interviewing, hiring, training, etc for the owner. That losing a doc they just introduced a year before also hurts the rep of solo or small pod groups who depends on community and PCP rep. Mainly, they know that if the associate
does like the area, in most places, the associate can go solo down the street with advantage of being on payers, hospitals, PCP and community intros. Not ideal.
Nearly all of the under-40 and 45yo owner DPMs that I know who were considering hiring an associate ultimately decided
against it. Associates aren't really necessary unless you're playing the takeover-the-world game. They create liability, and they bring many staffing and logistical issues. It is often better for owners to just get more exam rooms and MAs... and/or cut out bad payers.
And sure, a few of them do hire associates, and it fairly often works... typically works best to hire the passive types who
do want to be in that area,
don't want the work or responsibility of ownership (read: family-oriented types, usually associate also has a financially competent partner). That can be a win-win if the associate is treated fairly well hours/pay in a city they like... and the owner still makes six figures off doing the staffing/supplies/accounting/etc for them and supplying patients. Not everyone is a go-getter.
The supergroups, moustache associate mills, etc will eat the turnover. They will each hire the passive, the gunners, the desperate... whoever will answer their job posting and work for cheap. Moustaches will underpay and offer overpriced "partnership," but supergroups will appear to pay fair - until associates realize it's an endless hamster wheel. The supergroups can pay because they can funnel the podiatry patients into their big ticket vasc center, PT place, custom DME shop, "path lab," maybe MRI machine, and other services that make large profit for their owners/shareholders. That churn and burn of docs/staff and heavy billing on patients damages their practice rep, but they don't care. They can just buy more marketing with the profits. They just keep ads up and hire associates (and office staff) perpetually... constant supply of new DPM grads gets bigger and bigger. Get ready for this flood of people who couldn't get DPM hospital jobs and are stuck commuting to three offices and working weekends in the 35% pay supergroups griping on SDN in years to come.