I know that everybody on this forum is going to be DO simply for the fact that they want to save the world one person at a time. It is all the other people (not on this forum) that are going to be a DO for the money. Have any of you found any web sites that list salaries, bonuses, etc for DO's. Or if you know the salaries of any DO's that you know personally and what state they are practicing in. Thanks...now go save the world 👍
Show me the Money
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The list of salaries you see for physicians for different specialties are the salaries of DOs. In other words, a DO makes the same as an MD in a given specialty. If a DO specializes in OMM as an FP, that DO has the opportunity to make loads more of money.macpappy said:
You will be financially well-off as a DO just as you would as an MD. Of course that might be different if you're trying to pay off your $300,000 debt in 10 years. 😱
C
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Haven't you heard? DOs don't get paid, run while you still can!!!!!!!!!!!
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Adapt said:
yup..this is right...there are no DO only salary ranking cause once your out of residency no one cares except premeds and a rare PD.
here is a site to physician salaries though...
http://www.allied-physicians.com/salary_surveys/physician-salaries.htm
as always note the survey and the year it was done as surveys can be fairly subjective
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Actually I am going to shadow a DO tomorrow. He is a trauma surgeon and not only does he drive a Ferrari, so does his wife (she's an MD though). On top of that they have 3 kids so you KNOW hes rakin it in.
Adrian
Adrian
To have a clinic that does only OMT/OMM is said to be extraordinarily lucrative. The OMM faculty at AZCOM either are part-time OMM'ers or exclusively OMM docs. Most insurance co's won't cover OMT so this is ALL cash up front. HUGE money. Everything from helping Tiny Tim lose the crutch to many pro-athletes trying to work out the ever-present 'kink' to chronic pain management issues, OMT practices offer an alternative to folks frustrated by the perceived limits of conventional treatment and these people are willing to pay for it. And apparently they pay well.
Might be a contradiction to the OP's misconceived point of DO not DOing it for the money. Wake up, regardless of the level of altruism involved in seeking medicine as a profession, all who are honest will admit that the security and financial reward that being a physician produces is a factor in choosing this nut-busting life-style.
Might be a contradiction to the OP's misconceived point of DO not DOing it for the money. Wake up, regardless of the level of altruism involved in seeking medicine as a profession, all who are honest will admit that the security and financial reward that being a physician produces is a factor in choosing this nut-busting life-style.
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I am mainly interested in going to a DO school. But I will be applying to both just because I just want to be a doctor.
Anyways, my question is, if you can make so much money doing OMM then why do not more DO do that? That is actually one of the things that attracted me to the DO "philosophy" but I have never met one who actually did that in her/his practice.
Anyways, my question is, if you can make so much money doing OMM then why do not more DO do that? That is actually one of the things that attracted me to the DO "philosophy" but I have never met one who actually did that in her/his practice.
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You know, I wondered that too. Coming from a big city in the Midwest with a DO school, I thought I'd see more OMM, but I don't. My PCP is a DO and I recently asked him why he didn't practice OMM. He told me that if your not GOOD at it, then why practice it. Basically, he told me that there are various reasons why some DO's choose to practice it and others (majority) don't. Not being good at it was at the top of his list. He eluded to another reason being some don't believe in the efficacy as well and lastly, that there was not enough time during the patient visits.
I am really excited to learn OMM and can't wait till school starts! Take it easy all!
I am really excited to learn OMM and can't wait till school starts! Take it easy all!
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HeavyD said:
Wouldn't that be the lifestyle of porn actors?
C
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HeavyD said:
Have you ever read "The Millionare Next Door?" They were talking about returns on receipts to earn a net of 196K. They listed a return of 349K for a physician and 340K for a DO. Maybe this could be due to OMT? I always thought it might be due to the fact that alot DOs were in rural areas where they could just take cash payments.
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Many DOs dont use OMM for a number of reasons. Some feel they arent good at it, others dont think they have time and many think they wont get paid for it.
I have spoken to many DOs who are in family practice. One such DO comes to mind where he said he works in a private practice with an MD...same office, same office staff. The difference? The DO can perform and BILL FOR OMM. On average he makes (his own words...but when you do the math, it makes sense) $45,000 more a year than his partner. Medicare DOES pay for OMM. Insurances WILL pay for services (I know DOs who have called insurance companies and explained to them what they are doing and have gotten reimbursed). Does it cost the patient extra? No. Does it take more time? Not usually...most techniques can be done while taking a history or answering questions for patients...and your patients are happier because they feel that you are DOING something rather than just running down a checklist to get to an ultimate prescription. You get paid based on how many body areas you treat. So an average office visit (8-14 minutes) you can get paid and additional $20-$50 based on the OMM you perform. You see 4 patients an hour for 8 hours = $160.00 a day (at least) = $800.00 a week X 50 weeks = $40,000 a year. There's his $45,000 extra a year. Would you do OMM on every patient? Not necessarily. Woman who comes in for her regular diabetes check or liver enzyme levels may not need it. CHF/COPD pt...sure. Low back pain, headache, sinus infection, urinary tract infection...definately.
DOs who practice solely OMM are a different story. Many of them charge cash on an hourly basis. I have heard numbers from $80.00 an hour to $300.00 an hour. Average, at leat around here, is about $150.00 an hour/45 minutes. Do the math...almost $300,000 a year. Sounds like surgeon money...but your not paying surgeon malpractice premiums. 😉
Personally I know of one practitioner who makes close to $2,000,000 a year...2 million, thats right. Private practice OMM in a big city with a client base that can afford it and is willing to pay it and sees the benefit of services. Is this the average? Certainly not. Is it possible? Hell yeah, depending on the area and your reputation and how good you are.
Don't listen to anyone who says there is no money in OMM. They're probably the ones who had trouble in OPP lab as students. 😉
I have spoken to many DOs who are in family practice. One such DO comes to mind where he said he works in a private practice with an MD...same office, same office staff. The difference? The DO can perform and BILL FOR OMM. On average he makes (his own words...but when you do the math, it makes sense) $45,000 more a year than his partner. Medicare DOES pay for OMM. Insurances WILL pay for services (I know DOs who have called insurance companies and explained to them what they are doing and have gotten reimbursed). Does it cost the patient extra? No. Does it take more time? Not usually...most techniques can be done while taking a history or answering questions for patients...and your patients are happier because they feel that you are DOING something rather than just running down a checklist to get to an ultimate prescription. You get paid based on how many body areas you treat. So an average office visit (8-14 minutes) you can get paid and additional $20-$50 based on the OMM you perform. You see 4 patients an hour for 8 hours = $160.00 a day (at least) = $800.00 a week X 50 weeks = $40,000 a year. There's his $45,000 extra a year. Would you do OMM on every patient? Not necessarily. Woman who comes in for her regular diabetes check or liver enzyme levels may not need it. CHF/COPD pt...sure. Low back pain, headache, sinus infection, urinary tract infection...definately.
DOs who practice solely OMM are a different story. Many of them charge cash on an hourly basis. I have heard numbers from $80.00 an hour to $300.00 an hour. Average, at leat around here, is about $150.00 an hour/45 minutes. Do the math...almost $300,000 a year. Sounds like surgeon money...but your not paying surgeon malpractice premiums. 😉
Personally I know of one practitioner who makes close to $2,000,000 a year...2 million, thats right. Private practice OMM in a big city with a client base that can afford it and is willing to pay it and sees the benefit of services. Is this the average? Certainly not. Is it possible? Hell yeah, depending on the area and your reputation and how good you are.
Don't listen to anyone who says there is no money in OMM. They're probably the ones who had trouble in OPP lab as students. 😉
