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Self-employed Peds

Discussion in 'Medical Students - MD' started by Perplexed123, Aug 12, 2015.

  1. Perplexed123

    2+ Year Member

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    I am curious about how much do self-employed pediatricians make? From online, I have read that it is between $203,000 versus $172,000. Do you guys think that this is a good estimate or they make much more than that if they have a decent patient base and that they practice in a high-density areas such as NYC?

    Thank you for your insights.
     
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  3. karayaa

    5+ Year Member

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    I assume those figures are for doctors with a decent patient base.
    What determines income? Does it depend on the patients' insurance? Maybe the highest income would come from patients with the highest-paying insurance, which is something other than Medicaid, ie no poor patients.
    I don't think you can tag extra charges onto the bill, because the insurance company pays you rather than the patient themself (or their parents).
    You could get some extra bucks by charging a membership fee for your practice, which would restrict it to people who are affluent and either have very sick kids who need a lot of coordination, or who are OCD about their kids' health and want a high level of customer service.
    Or you could focus your practice on whatever conditions or procedures net the most from insurance companies. I have no idea what those might be, but it'd be hard to do in a place like NYC where you're surrounded by pediatric sub-specialists who will be more experienced in those areas than you'll ever be.

    Without pursuing a fellowship that allows you to start a cash-only practice, you're pretty much at the mercy of insurance companies afaik
     
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  4. calvnandhobbs68

    calvnandhobbs68 I KNOW NOTHING
    Physician 7+ Year Member

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    It's certainly not much more than that for gen peds. The higher number you quoted is probably on the higher side anyway.
     
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