- Joined
- Aug 19, 2006
- Messages
- 2,778
- Reaction score
- 2,086
Anybody know anything about them?
The issues isn't take over.Unfortunately these "devils" are the future of anesthesia...
These mega companies with huge capitals are taking over anesthesia practices all over the country and they are all the same.
Hmmm. Think this is sustainable or will they get caught? What happens if they do? They own south Florida it seems so if you wanna work there you literally have to make a deal with the devil?
Everyone knows that.The mode of operation these companies employ is very sophisticated and they have experienced legal teams formulating their contracts.
They basically form a new company in each location and the name of the main mega corporation is no where on the contract.
Basically the anesthesia providers are employed by individuals who have formed a new corporation with a new name ( X county anesthesia group) and the main corporation is only the entity that handles the billing for that corporation.
The main mega corporation will not be liable for the behavior of these small corporations since it's only a billing agent.
An alternative explanation is that the acquisition of Sheridan is how Amsurg transitions from their current potentially problematic anesthesia relationships into a more conventional anesthesia management company model. Amsurg is traded on the public market and ownership by surgeons/proceduralists at that level takes all of the "company model" fretting off of the table. In addition, there are other ways to structure the relationships to take the company model off of the table. If not, then no multispecialty or academic medical center practice would be immune. Money is redistributed within those arrangements as a matter of course and are time tested. The "company model" hue and cry is generated by ASA and consultants who see their business models going by the way side.
It's been years since I looked at a Sheridan contract and their "benefits".What are the retirements plans like for these AMCs? Does Sheridan offer a good 401K? American Anesthesiology any better in terms of a good plan?
Yes, I think it is. I haven't seriously looked for a job in 2 years, though. I had 5 offers. Every type - academic, big AMC, small AMC, private partnership track, private employee. The private partnership track may just have been the one Buzz Phreed worked in. It was sketchy from the word go. The "partnership" was some sort of vague junior clinical partner that wasn't guaranteed after 3 years of 70 seventy percent market wages - as a 1099. Then, partnership, if granted, doesn't allow access to the books or revenue. The income is whatever the voting partners decide to grant (and you'll never be a voting partner). The small AMC was even more sketchy. The others were pretty comperable. 300-380 in total compensation - max.Mednax has a high physician retention rate. Yet, American Anesthesiology offers salaries in the low 300-350 range. Is the job market that bad out there where Anesthesiologists can't do better than Mednax? Is the job so easy that Mednax can keep a 90 percent plus retention rate?
Mednax has a high physician retention rate. Yet, American Anesthesiology offers salaries in the low 300-350 range. Is the job market that bad out there where Anesthesiologists can't do better than Mednax? Is the job so easy that Mednax can keep a 90 percent plus retention rate?
Yes, I think it is. I looked for a job in 2 years, though. I had 5 offers. Every type - academic, big AMC, small AMC, private partnership track, private employee. The private partnership track may just have been the one buzz phreed worked in. It was sketchy from the word go. The small AMC was even more sketchy. The others were pretty comperable. 300-380 in total compensation - max.
Where else is there to go? Private practices are no better than Mednax these days. I took a job with a private practice that is really just an AMC. I have an academic job offer, but it pays about the same as an AMC. I'm unaware of any actual private practices where it isn't just 'partners' looking to take your earnings.
Mednax has a high physician retention rate. Yet, American Anesthesiology offers salaries in the low 300-350 range. Is the job market that bad out there where Anesthesiologists can't do better than Mednax? Is the job so easy that Mednax can keep a 90 percent plus retention rate?
When the selling doctors get millions each upfront then work for another 5 years saving more money it is expected many will leave the practice for retirement or greener pastures (e.g., ASC work) once their obligation is up.
Mednax has a high retention rate in terms of new physician retention and hospital contracts.
Another Goliath AMC has made a bid for one of mednax contracts.
Just bumping this excellent thread.
Antone know about the 401K MATCH at Mednax/American Anesthesiology or Sheridan? Any CME money by the company?
Just bumping this excellent thread.
Antone know about the 401K MATCH at Mednax/American Anesthesiology or Sheridan? Any CME money by the company?
Y'all getting courted?Just bumping this excellent thread.
Antone know about the 401K MATCH at Mednax/American Anesthesiology or Sheridan? Any CME money by the company?
Since AMCs dominate FL, is FL off limits for new grads? If you want a fair deal that is..
Someone I know just took a job with Sheridan/AmSurg. Took a huge pay cut to be in a location he wanted to be. It is a far crappier job all the way around. I hope he has a happier life outside the hospital than he did before, because that's all he got.
In my book, it's like being a pro ball player and asking to be traded down to the Seattle Mariners farm team just so you can live in Bakersfield. There's no upside.
There I fixed it for you. Don't knock Fresno, it's not as bad as Bakersfield. 😉 They actually have a pretty good Ped's hospital with an awesome private peds anesthesia group.
I worked for Sheridan / Amsurg now called Envision Healthcare. They are true corporate monsters. The corporate management doctors up top don't care of your working hours, don't care if you work a 32 hour shift including eight hours post call as nurse anesthetists are allowed to call out sick. Doctors can be fired without any due process at Envision / Sheridan. No notice - out the door. Keep looking for a better job with private practice, university or perhaps Northstar or Napa but whatever you do avoid Sheridan / Envision Healthcare.
Northstar has been called Deathstar on this forum, AFAIK.
I would be VERY careful before signing with any AMC. Work as a locum for them, first.
NAPA doesn't at least at their main sites (lij, north shore). Mostly 2:1 with some 3:1. Might be different at some of their less established sites.I'd say any place that asks you to cover 4:1 or worse is looking out for themselves, not for you or your patients.
There are certainly non-AMC groups that ask for that but I am not aware of AMCs that don't.
NAPA doesn't at least at their main sites (lij, north shore). Mostly 2:1 with some 3:1. Might be different at some of their less established sites.
I can't speak for the other private practice groups out there, but our small group is pretty damn equal. If we operated like an AMC, I couldn't look at myself in the mirror.Where else is there to go? Private practices are no better than Mednax these days. I took a job with a private practice that is really just an AMC. I have an academic job offer, but it pays about the same as an AMC. I'm unaware of any actual private practices where it isn't just 'partners' looking to take your earnings.
Maybe. There are a lot of these "deals" (ahem) in the southeast. They are all bullsh*t. Don't believe a word they tell you.
.
Any place having you cover worse than 4:1 is either breaking the law with billing, or screwing themselves. If you are >4:1, by law you are only allowed to bill 3 RVUs for each and every case running while >4:1. That's a lot of money flying out the window if one of the cases is a spine case, or other higher RVU case. Hell, in my group we can't even be supervising 4:1 and place a preop block for the next case without our billing company calling it a concurrency violation and dropping to med supervision.I'd say any place that asks you to cover 4:1 or worse is looking out for themselves, not for you or your patients.
There are certainly non-AMC groups that ask for that but I am not aware of AMCs that don't.
Any place having you cover worse than 4:1 is either breaking the law with billing, or screwing themselves. If you are >4:1, by law you are only allowed to bill 3 RVUs for each and every case running while >4:1. That's a lot of money flying out the window if one of the cases is a spine case, or other higher RVU case. Hell, in my group we can't even be supervising 4:1 and place a preop block for the next case without our billing company calling it a concurrency violation and dropping to med supervision.
Any place having you cover worse than 4:1 is either breaking the law with billing, or screwing themselves. If you are >4:1, by law you are only allowed to bill 3 RVUs for each and every case running while >4:1. That's a lot of money flying out the window if one of the cases is a spine case, or other higher RVU case. Hell, in my group we can't even be supervising 4:1 and place a preop block for the next case without our billing company calling it a concurrency violation and dropping to med supervision.
Why? So the new company can allow us to bill in violation of CMS rules? That is a set up for an audit and subsequent fines.You need a new billing company