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Salary raises during Covid

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Sushirolls

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Similar to some news articles about dictators not letting a good pandemic go to waste, you can bet the Big Box Shop admin won't let this go to waste either, and some how these cuts will need to continue long after Covid-19 has resolved.

And here is my shameless plug to advocate the entry into private practice. Now is the time.
 
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clozareal

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Similar to some news articles about dictators not letting a good pandemic go to waste, you can bet the Big Box Shop admin won't let this go to waste either, and some how these cuts will need to continue long after Covid-19 has resolved.

And here is my shameless plug to advocate the entry into private practice. Now is the time.

I was just going to ask if private practice or group practice salaries have decreased because of the pandemic. My clinics have seen the same amount if not more (due to less no shows) patients during this time.
 
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WisNeuro

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Similar to some news articles about dictators not letting a good pandemic go to waste, you can bet the Big Box Shop admin won't let this go to waste either, and some how these cuts will need to continue long after Covid-19 has resolved.

And here is my shameless plug to advocate the entry into private practice. Now is the time.

Definitely a good time to think PP. Great time to get into IME/forensic work. We already had a shortage of providers in our area doing this, and the COVID backlog has only increased the need for these services.
 

Sushirolls

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I was just going to ask if private practice or group practice salaries have decreased because of the pandemic. My clinics have seen the same amount if not more (due to less no shows) patients during this time.
For my practice, new consults have dropped in half compared to pre-Covid. My follow ups have neither gone up nor down [no practice growth]. In general, follow ups pay relatively more than new consults. My clinical hours have dropped to 83% of what it was pre-covid due to the down trend of consults. However, my income is unchanged compared to pre-covid.
 
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oldiebutgoodie1211

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For my practice, new consults have dropped in half compared to pre-Covid. My follow ups have neither gone up nor down [no practice growth]. In general, follow ups pay relatively more than new consults. My clinical hours have dropped to 83% of what it was pre-covid due to the down trend of consults. However, my income is unchanged compared to pre-covid.

have you broken 200k per year yet? How long have you been in PP has it been more than a year?
 

clozareal

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For my practice, new consults have dropped in half compared to pre-Covid. My follow ups have neither gone up nor down [no practice growth]. In general, follow ups pay relatively more than new consults. My clinical hours have dropped to 83% of what it was pre-covid due to the down trend of consults. However, my income is unchanged compared to pre-covid.

Very informative. Thanks!
 

Ahamis

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For my practice, new consults have dropped in half compared to pre-Covid. My follow ups have neither gone up nor down [no practice growth]. In general, follow ups pay relatively more than new consults. My clinical hours have dropped to 83% of what it was pre-covid due to the down trend of consults. However, my income is unchanged compared to pre-covid.

If new consults have dropped, how come is it a good time to open a PP? I didn't understand.
 

Sushirolls

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Because it will take you 3-6 months to set up the infrastructure of a new practice. It takes time. And when people are isolating from accessing the health care system, it hasn't changed the demand, merely delayed it. For instance my dentist was closed for like 1-3 months, when they opened back up, I tried to get in, nope, I have to wait several months because of their back log.

As you open a practice, there will be lots to learn and change and optimize. Pandemic time, less distractions to pull away from this process.

Also, as the pandemic continues things are getting more difficult out there. I just learned of one local Big Box shop health system that is in the process of dropping their psych department. I've heard gossip of another health system hemorrhaging money on their Psych department and wouldn't be surprised if they drastically downsized theirs, too. For people who started up 2-3 months ago, they are ahead of the curve of the onslaught of people who will be doing the exact same thing. There is some variability in this, and some places are bursting with patients, but I suspect the scales nationally reflect more places suffering than bursting with work. Not all people looking for work can move, nor will be willing to accept the unsavory nature of many of the current posted jobs or locum opportunities. That essentially leaves building a practice.
 
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chocomorsel

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In the big systems in our metro area, most everyone is either frozen, slight pay cut/furlough, and/or 401/403b employer contributions cut. I haven't heard about anyone getting a pay raise in any doctoral specialty that I know or work with.
Critical care at least back in March April May. But it is high risk these days.
 
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