MD Starting a solo cash-only private practice after internship year

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Foot Fetish

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So, there are 33 states in the US that will give me a license to practice medicine after just 1 year of GME. This is incredibly liberating to me; it takes off so much of the pressure of matching into dermatology. I have checked off all the little cookie-cutter boxes they want from me: high step 1 score, research, Honors, etc. I will give this cycle my very best effort. But, if I fail to match derm, I will not lose a SINGLE wink of sleep over it. I will just complete my preliminary medicine / transitional year and hang out my shingle in one of those 33 states. Cash only. I may even fly to Turkey before internship year to learn hair transplantation. The best part is no one can stop me, and I am beholden to no one with this route.

Inb4 "wahhhhh, b-b-b-but you didn't suffer through a soul-crushing 5-year general surgery residency. It's not fair!!11 You don't deserve to be a surgeon!!" Tough luck, kiddo. No such credentialing is needed. And no, my patients won't care at all. I'm a highly effective salesman and know how to FUD my competition in a cut-throat market (i.e. "Psshhh..Honey, 5 years of butts and guts won't teach you the artistry of hair restoration" ). Oh, and LOTS of BOTOX®...Lots and lots of BOTOX®. I will undercut every dermatologist and plastic surgeon in the state if I have to. The Rothschilds will make me an honorary family member. Again, all of this is just my PLAN B. I would still much prefer to be a dermatologist.

Anyone have similar plans?

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I've missed you!!
 
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Hope you get good malpractice insurance!
 
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So, there are 33 states in the US that will give me a license to practice medicine after just 1 year of GME. This is incredibly liberating to me; it takes off so much of the pressure of matching into dermatology. I have checked off all the little cookie-cutter boxes they want from me: high step 1 score, research, Honors, etc. I will give this cycle my very best effort. But, if I fail to match derm, I will not lose a SINGLE wink of sleep over it. I will just complete my preliminary medicine / transitional year and hang out my shingle in one of those 33 states. Cash only. I may even fly to Turkey before internship year to learn hair transplantation. The best part is no one can stop me, and I am beholden to no one with this route.

Inb4 "wahhhhh, b-b-b-but you didn't suffer through a soul-crushing 5-year general surgery residency. It's not fair!!11 You don't deserve to be a surgeon!!" Tough luck, kiddo. No such credentialing is needed. And no, my patients won't care at all. I'm a highly effective salesman and know how to FUD my competition in a cut-throat market (i.e. "Psshhh..Honey, 5 years of butts and guts won't teach you the artistry of hair restoration" ). Oh, and LOTS of BOTOX®...Lots and lots of BOTOX®. I will undercut every dermatologist and plastic surgeon in the state if I have to. The Rothschilds will make me an honorary family member. Again, all of this is just my PLAN B. I would still much prefer to be a dermatologist.

Anyone have similar plans?

Is Turkey that popular in the world of hair transplantations?
 
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high step 1 score
Is it though?
936E9954-F15F-4945-AF63-4CD99963BAAD.jpeg
 
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Spoken like someone who doesn’t understand how the cosmetic world works. It’s not as lucrative as you think. But godspeed
 
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Spoken like someone who doesn’t understand how the cosmetic world works. It’s not as lucrative as you think. But godspeed

I fully agree I know nothing of cosmetics. I am ready and excited to learn though. The key for me is cash only and complete circumvention of insurance agencies. I will do business between myself and my patients only. Period.
 
Is Turkey that popular in the world of hair transplantations?

Tsk tsk, you should know better, Mr. "Turkish chair." Lol.

Turkey is unambiguously the global leader in hair transplantation. The best hair transplant surgeons in the world are Turkish.
 
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Why not just befriend a derm resident and work for them? All the glory, easier marketing and with none of the practice management trouble.
 
Go to south FL... They have a lot of 1-yr or 0-year (as it was the case in the 80s) post-grad training docs who are doing primary care cash practice. There are also some FM docs who are doing dermatology, but they do take insurance...
 
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I will take this somewhat ridiculous question in good faith. There are many potential problems with this plan:

1) In my state at least, you will have to advertise yourself as a general practitioner. Sure, you have a MD, but you will not be able to say that you're whatever kind of physician which may be a bit sketchy. Obviously this will vary by state.

2) You run the very serious risk of significant malpractice liability. Yes, you are legally able in most states to do whatever you want as a physician - after all, you have the credential. However, the reality is that you will either be paying insanely high malpractice to CYA while you do procedures that you do not have any legitimate training in and you will be open to significant medicolegal liability. As a GP, your scope of practice will be extremely limited, and should you have a bad outcome you will be absolutely skewered in court. Good luck with that - I hope you're as good as you say you are.

3) Irrespective of your elite, Rothschild-esque salesman skills, there's a very legitimate question of whether or not any of this is in the patient's best interest. This again will open you up to civil jeopardy as medical boards may revoke your license if you're clearly practicing outside of your scope, doing things that you weren't actually trained for (sorry, going to Turkey and "learning how to do hair transplantation" is not going to fly), and having bad outcomes.

Those are just a few things I can think of off the top of my head.
 
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I will take this somewhat ridiculous question in good faith. There are many potential problems with this plan:

1) In my state at least, you will have to advertise yourself as a general practitioner. Sure, you have a MD, but you will not be able to say that you're whatever kind of physician which may be a bit sketchy. Obviously this will vary by state.

2) You run the very serious risk of significant malpractice liability. Yes, you are legally able in most states to do whatever you want as a physician - after all, you have the credential. However, the reality is that you will either be paying insanely high malpractice to CYA while you do procedures that you do not have any legitimate training in and you will be open to significant medicolegal liability. As a GP, your scope of practice will be extremely limited, and should you have a bad outcome you will be absolutely skewered in court. Good luck with that - I hope you're as good as you say you are.

3) Irrespective of your elite, Rothschild-esque salesman skills, there's a very legitimate question of whether or not any of this is in the patient's best interest. This again will open you up to civil jeopardy as medical boards may revoke your license if you're clearly practicing outside of your scope, doing things that you weren't actually trained for (sorry, going to Turkey and "learning how to do hair transplantation" is not going to fly), and having bad outcomes.

Those are just a few things I can think of off the top of my head.

Yeah, most people without full residency training avoid procedural-based private practice because they're uninsurable. I foresee that happening here.
 
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OP is either trolling hard here or being overly anxious, he will likely match into derm and this entire post will be moot.
 
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Why not just befriend a derm resident and work for them? All the glory, easier marketing and with none of the practice management trouble.

Not a bad idea. Thanks for the tip, mate. For tax purposes, a partnership is equivalent to a sole proprietorship in this case. We will N E V E R sell out to Bosley® either.

Go to south FL... They have a lot of 1-yr or 0-year (as it was the case in the 80s) post-grad training docs who are doing primary care cash practice. There are also some FM docs who are doing dermatology, but they do take insurance...

Miami is fun for vacation, but I don't know if I could live there long-term. But you would for sure want to live near a major city in this scenario. You will quickly run out of patients otherwise. I'm thinking population >500,000 ...

I will take this somewhat ridiculous question in good faith. There are many potential problems with this plan:

1) In my state at least, you will have to advertise yourself as a general practitioner. Sure, you have a MD, but you will not be able to say that you're whatever kind of physician which may be a bit sketchy. Obviously this will vary by state.

2) You run the very serious risk of significant malpractice liability. Yes, you are legally able in most states to do whatever you want as a physician - after all, you have the credential. However, the reality is that you will either be paying insanely high malpractice to CYA while you do procedures that you do not have any legitimate training in and you will be open to significant medicolegal liability. As a GP, your scope of practice will be extremely limited, and should you have a bad outcome you will be absolutely skewered in court. Good luck with that - I hope you're as good as you say you are.

3) Irrespective of your elite, Rothschild-esque salesman skills, there's a very legitimate question of whether or not any of this is in the patient's best interest. This again will open you up to civil jeopardy as medical boards may revoke your license if you're clearly practicing outside of your scope, doing things that you weren't actually trained for (sorry, going to Turkey and "learning how to do hair transplantation" is not going to fly), and having bad outcomes.

Those are just a few things I can think of off the top of my head.

1. I would love to advertise myself as a GP. I can check A1c and prescribe metformin with the best of them, actually. I will do it and more, in fact. But there is nothing to stop me from going to Turkey and completing a certified training and thereafter advertising myself as a hair restoration specialist or another title of that nature. This is perfectly within our rights.

2. I would get malpractice insurance but would also be reasonably selective in who I choose to operate on. I will study cosmetics deeply if that is the route handed to me, and I will have the utmost medico-legal scrutiny. This is a non-issue. Also, Psychiatry is my strongest suit believe it or not, for what it's worth. But to be brutally honest, you do make a very good argument here in that there is insanely high risk to get skewered in the courtroom -- thus, it occurs to me now that a surgical prelim year might be handy. In the courtroom, being able to say you have completed a US post-graduate surgical training program can't hurt.

3. Indeed, it is a high-risk, high-reward route outside of the scope of the American physician matching algorithm. I know a few things for sure though:
A) This procedure is on the rise and highly profitable.
B) I can learn how to do the procedure very well from the Turks, who INVENTED hair transplantation. How does that sound in the courtroom? Modern hair transplantation was invented by the Turkish dermatologist, Dr. Menahem Hodara in 1897. He was the protégé of Dr. Paul Gerson Unna, who is renowned in Western dermatology. I know expert professors of medical history who will gladly testify if need be.
C) At the end of the day, it is all about the patient. I would N E V E R give my patient a procedure that I would not want for my very own scalp. It will be sterile, comfortable, and ultimately very rewarding for the patient, who will have provided full, informed consent and shopped around beforehand. I reserve the right to deny the patients who I perceive to be poor candidates (body dysmorphic disorder, non-surgically intervenable forms of alopecia, etc.) The results will indeed necessarily speak for themselves. It is not rocket science, and there is no hard reason it can't be done.

Yeah, most people without full residency training avoid procedural-based private practice because they're uninsurable. I foresee that happening here.

As above, it would hold some weight if I completed a 1-year surgical prelim year as an allopathic MD with good academic stats and an utterly clean record. Why in God's name would you need to spend 5 years doing hernia repairs and lap appys to cut a bit of scalp under local anesthetic and do an extremely repetitive procedure that does not resemble 99.9% of what you do in general surgery, plastic surgery, dermatology, or primary care. The only way to learn the art of modern hair restoration is by reading and apprenticeship. I may also be able to find an American mentor willing to pay me a meager stipend to assist him and learn, essentially a private practice fellowship. We are not as beholden to medical institutions as we fear we are. It's hard to swallow that pill for many med students though because the system pushes "professionalism," i.e. conformity to their convenient narrative.


OP is either trolling hard here or being overly anxious, he will likely match into derm and this entire post will be moot.

I hope it's all moot, honestly. I'm just trying to hedge a bit. One must have contingency plans.
 
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I'm not convinced we're being trolled.
 
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what the hell is going on in here
 
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In my community it would not be hard to market yourself as a “wellness doctor” and promote and sell expensive juice fasts, herbs, IV vitamin infusions, and prolotherapy. You don’t even need to graduate from medical school to do this, some chiropractors and naturopaths make a killing this way.
 
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Yeah ironically enough the lack of training may be somewhat protective from a medicolegal standpoint. Standard of care is defined in terms of what someone with similar background and training would do. This protects NPs and well as undertrained MDs. We have an OBGYN here banging out cosmetic facial procedures he has no formal training in. Not the same as GP but same idea.

Truthfully with the right marketing anyone can do basic cosmetic stuff. Botox, fillers - all very simple most of the time and in many practices administered by RNs or other non-MDs. Add in lasers and peels and overpriced skin care serums and you’ve got a good business.

Hair is a tough market but also not terribly difficult to do passably. Most practices have well paid techs that harvest the follicular units.

Truth is many MDs have been doing this for a long time. It isn’t exactly a new idea. The competition and referral aspects are huge and are what keep most untrained docs out. That said, with the right selection of location and marketing it may be possible. Undercutting your competition on price is harder than you think because you still have all your overhead. Many people try but they tend to disappear because there’s a reason all your competition haven’t cut prices to steal each other’s market share and it’s not because they hate making money.
 
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In all honesty Hair Transplant is the wild wild west. There isn't a single actual residency that prepares you for it, so the only thing that really matters is the extra training post residency. I have heard of people going abroad for training.

There's no reason to think that a Dermatologist, Plastic Surgeon, General Surgeon, or FM doctor, would be any better than one another assuming they all did the same "fellowship" or training regimen. It's a niche field with essentially no medical knowledge needed. It's probably much safer to do hair transplant than actual medicine if you quit after PGY-1.
 
I fully agree I know nothing of cosmetics. I am ready and excited to learn though. The key for me is cash only and complete circumvention of insurance agencies. I will do business between myself and my patients only. Period.
And your patient population with ability to pay cash only will magically choose to trust a non-boarded PA equivalent. Right.
 
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1) In my state at least, you will have to advertise yourself as a general practitioner. Sure, you have a MD, but you will not be able to say that you're whatever kind of physician which may be a bit sketchy. Obviously this will vary by state.

Where I’m from, GP=FM=IM to the lay person. I hear almost everyone, including nurses, using GP and FM interchangeably. My sister took her child to see a Med-peds doctor once and said “what does he know, he’s not even a real pediatrician”.
 
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And your patient population with ability to pay cash only will magically choose to trust a non-boarded PA equivalent. Right.
A PA equivalent? wot.

In all honesty Hair Transplant is the wild wild west. There isn't a single actual residency that prepares you for it, so the only thing that really matters is the extra training post residency. I have heard of people going abroad for training.

There's no reason to think that a Dermatologist, Plastic Surgeon, General Surgeon, or FM doctor, would be any better than one another assuming they all did the same "fellowship" or training regimen. It's a niche field with essentially no medical knowledge needed. It's probably much safer to do hair transplant than actual medicine if you quit after PGY-1.
This. Clueless posters in this thread trying to advise OP on a topic they know nothing about.
Hair transplant isn't something you get training in as a derm or plastics or anything. You just learn it and do it. It's not a saturated market at all, patients pay big money, and it probably sucks since it takes forever and is repetitive. You can probably build a referral base in a decent city too if you include medical management (Rxing fin, minoxidil, etc.).


Also, non-invasive cosmetics is not risky by any means. RNs do botox with ease. It's not some complex surgery. Even other stuff like fillers etc are very easy to do. The one and literally only challenge is marketing.
 
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This. Clueless posters in this thread trying to advise OP on a topic they know nothing about.
Hair transplant isn't something you get training in as a derm or plastics or anything. You just learn it and do it. It's not a saturated market at all, patients pay big money, and it probably sucks since it takes forever and is repetitive. You can probably build a referral base in a decent city too if you include medical management (Rxing fin, minoxidil, etc.).

While hair transplant is one thing that perhaps FM could do (and btw some derm programs and accredited fellowships do get residents some exposure in it), I don’t think a GP/FM could diagnose and medically manage all kinds of hair loss.
 
While hair transplant is one thing that perhaps FM could do (and btw some derm programs and accredited fellowships do get residents some exposure in it), I don’t think a GP/FM could diagnose and medically manage all kinds of hair loss.
Why not? Name specific examples.
 
An FM doc can handle lupus with ease, but someone with two less years of training would be unable? Seriously overestimating the value of residency in these type of practices, like others have said many prelim/TRI docs and even more so non-docs like RN/NP/chiro/naturopaths make this work all the time in the world of boutique wellness/cosmetics.

Second point, which I have no data to support other than anecdotal, is that the threat of lawsuit in these practices seems overestimated here; for example met someone who’s chiro gave them a dissection and she didn’t sue or even stop seeing him because they “have such a good relationship.”
 
My joke fantasy when I’m feeling fed up with work is that I’ll just go be a quack and sell people IV vitamins and bioidentical hormones or whatever. Nothin to stop me but my self respect, and possibly a malpractice insurer.

Unqualified and disastrous cosmetic procedures have ended some doctors up in the news and or the jailhouse, I can recall from the past few years. But obviously that means people are in fact doing it. Terrible idea.

I’m a board certified internist and I have the sense not to try to “handle lupus” on my own. Dunning Kruger, NP better not be trying either. The fallout when the nephritis and cerebritis and drug toxicities hit would be unpleasant indeed.
 
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Not sure why there is so much hate on this thread.

Wellness centers open up all the time with less qualified people running them than a pgy1 grad. Always good to have a plan a-z.
 
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"Hi, what insurance do you take?" "Oh, we only accept cash"
Any patient within their right mind should hightail it out of there at that point

But, that is assuming a great deal of common sense within people I suppose
 
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Then there’s this guy, a self taught wound care specialist who treats necrotizing fasciitis in nursing homes.

 
Good luck getting a TRI year pleeb....


/s

Lemme know if youre looking for a partner that gives IV vit C infusions
 
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"Hi, what insurance do you take?" "Oh, we only accept cash"
Any patient within their right mind should hightail it out of there at that point

But, that is assuming a great deal of common sense within people I suppose
There’s cash only practices around me and tons of people go. No big deal.
 
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And your patient population with ability to pay cash only will magically choose to trust a non-boarded PA equivalent. Right.

Most people looking for cosmetic procedures only care about price. This isn't brain surgery and what does 2 years of IM add to cosmetic skill anyway?
 
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Then there’s this guy, a self taught wound care specialist who treats necrotizing fasciitis in nursing homes.


Yeah I was perplexed by the whole “finger dry gangrene” thing. We frequently let those autoamputate unless there’s a complication. That is a weird thread.
 
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What’s funny is that the US Navy takes advantage of this “loophole” with its residents in training. Many navy residents are sent out to the fleet, practicing medicine solo for the crew of an entire ship, right after intern year. And then after practicing medicine as a autonomous provider for a few years, those docs are sent back to finish the remaining years of their residency. Sucks to go from 80 hour weeks intern year to 30-40 hour weeks as a GMO and then have to go back to 80 hours a week as a resident.

Being out in the fleet makes me want to get out after my time obligation ends and just continue this as a civilian and not finish residency (although the military’s got laws in place to protect it inexperienced GMO’s from lawsuits which doesn’t exist in the civilian world, obviously).
 
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OP has a point. I'm with you. I'm going to drop out of residency after PGY1 and start a CASH only Aortic/Vascular surgery practice. I'll be taking referrals for aneurysms and dissections in a couple of months y'all. You know what OP, you convinced me good, I'm going to ride that hair transplant train too, wanna airbnb in Turkey tgt?
 
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OP has a point. I'm with you. I'm going to drop out of residency after PGY1 and start a CASH only Aortic/Vascular surgery practice. I'll be taking referrals for aneurysms and dissections in a couple of months y'all. You know what OP, you convinced me good, I'm going to ride that hair transplant train too, wanna airbnb in Turkey tgt?
I'm coming too!
 
Legally you can do it. If an NP or Dentist can open up a cosmetic shop, this one year MD could as well. You couldn’t live in the “tier one” places that all of SDN wants to live on, but if you get a good rep in a decent area you’ll make money. GP were family med docs before FM went three years. Plenty of GP docs that are great clinicians. Theoretically your “scope of practice” is just as wide as theirs, just can’t take insurance.

Also fillers > Botox for profit margin.
 
Legally you can do it. If an NP or Dentist can open up a cosmetic shop, this one year MD could as well. You couldn’t live in the “tier one” places that all of SDN wants to live on, but if you get a good rep in a decent area you’ll make money. GP were family med docs before FM went three years. Plenty of GP docs that are great clinicians. Theoretically your “scope of practice” is just as wide as theirs, just can’t take insurance.

Also fillers > Botox for profit margin.
State dependent, not all states allow a full license after only 1 year.
 
Truthfully with the right marketing anyone can do basic cosmetic stuff. Botox, fillers - all very simple most of the time and in many practices administered by RNs or other non-MDs. Add in lasers and peels and overpriced skin care serums and you’ve got a good business.

So an MD/DO grad can legally do 1 year of residency and just do basic cometic aesthetic procedures like botox, fillers, lasers, peels? Just come down to marketing and interpersonal skills to get customers...
 
So an MD/DO grad can legally do 1 year of residency and just do basic cometic aesthetic procedures like botox, fillers, lasers, peels? Just come down to marketing and interpersonal skills to get customers...

Yep. Just need a license. Many clinics have nurses and aestheticians who do the actual procedures while a doc “supervises” them. There’s a group locally in my town run entirely by NPs and they have a strong social media presence and are doing incredible business. There’s a huge market, the good products work well and are fairly easy to use, the crappy ones still seem to convince rich aging people to pay for them, and if you’re careful you really have minimal risks to deal with so I’m sure Med-mal coverage is probably reasonable too.
 
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Is Turkey that popular in the world of hair transplantations?

Yeah, all the turks and arabs in the region lose their hair quick, and young too. Those dudes are desperate for hair plugs
 
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