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Whose the worst CMG to work for in your opinion? Are they all the same, or is one worse than the others? How would you guys rank them in order of ascending awfulness?
Whose the worst CMG to work for in your opinion? Are they all the same, or is one worse than the others? How would you guys rank them in order of ascending awfulness?
Open books throughtout the group which is better than a lot of private groups. I work for them currently, have worked for a private small group with about 20 doc, as well as Team Health and academics. I like Vituity a lot, sort of feels like a small SDG with our 23 people locally but with some good central institutional support. A bit of administrative bloat, but many other SDGs have that as well and your admin contribution shrinks considerably as a portion of your overall production once you make it to full partner after 4 years.
Interesting. Don't know much about Vituity. So the company is solely owned by the docs without any umbrella/shell set ups?
So you see open books from the whole group or just your site? What do you have to do to make partner? By what percent does your pay increase after you make partner? Are there different levels of partners? Does your local group have control over your own staffing and scheduling changes?
Real issue is vituity lacks the ability currently to benefit from site specific set ups. I met their chairman and he acknowledged this issue.
Vituity is the best BIG democratic group. That being said the pay isnt great for partners. I know a bunch. They are happy but their pay is not great. That being said they dont have debt and they dont bow to a private equity firm.
EFs list from crappiest to least crappy (Ill say vituity is acceptable).
USACS>Envision>TH>APP>Vituity
USACS, TH, Envision are all private equity owned.
KKR just bought envision, and I believe they are private.Envision is a a public company trading at the NYSE ticker EVHC.
KKR just bought envision, and I believe they are private.
People I know seem happy enough working for them. Regarding the above.. They at this point have one chargemaster nationally and one agreement per insured nationally. California rates are generally bad and therefore the vituity contracts are generally bad. Veers, I obviously wish everyone the best. Would be curious if rates stay strong or if they drop.Their pay seems decent actually, otherwise I wouldn't bother. I work with Envision in the same market and am paid ~ $300/hr. Vituity is very close to that, and say they will potentially raise it based on collections.
Also obviously interested in what Envision had to say on their call. Last I heard they want to cut rates to the ED docs. Unsure if this is national or more regional.
I'll get to this tomorrow. Exhausted. It was all about the "cost-containment measures" that "needed to be rolled out immediately".
We were all turbo-pissed.
I'll get to this tomorrow. Exhausted. It was all about the "cost-containment measures" that "needed to be rolled out immediately".
We were all turbo-pissed.
Makes me glad I quit my main Envision gig. The bonuses have certainly dried up in this past year, and the EMbassador new contracts are laughable and pathetic compared to what they offered 3-4 years ago. Unfortunately this is the future of EM as we get more and more grads competing for the same jobs.
I'll get to this tomorrow. Exhausted. It was all about the "cost-containment measures" that "needed to be rolled out immediately".
We were all turbo-pissed.
At least for 1-2 years, then there will be more grads from all the new programs to fill slots at $150 per hour supervising 4-5 midlevels at a time.If they have a ton of docs that quit, they may have to pay double what they're paying now.
Exactly.
Envision isn't stupid.
There's been a total of 10 new EM residencies open in FL over the past 5 years. When they all start graduating residents its going to flood the market and they'll have no problem staffing their hospitals with Colorado rates of $150 per hour because it's Florida and you can live on the beach!
It is if you are a well functioning SDG.This is not the time to go into, or be in, EM.
It is if you are a well functioning SDG.
Take advantage of the chaos, maximize your business compared to the CMGs. Enjoy life.
+1 from a SDG partner.
EM is far from perfect. Unsure if would choose again. That said, you could do so, so much worse. Every rose has its thorn(s), pick your poison, etc.
With a lot of doom and gloom going on here, I still think there are plenty of areas with excellent compensation, as long as someone is willing to move around and is open to location. But there is a surprising number of people willing to settle down for lower compensation. From my calculations my current residency attendings probably generate ~500-600/hr for a particular CMG based on the volume that they see (3.5-4.0 pph with every patient being seen by a resident). The CMG that runs this place pays like ~ 185/hr base rate. I can't believe how some of these guys with 10-40 years of experience don't ask for more.
1. Those areas of the country are decreasing- look at Texas
2. Location is generally really important to people, and people with families generally want to settle down in one area
Caveat emptor, med students.
They are decreasing, agreed. But I think physicians generally suck at negotiation and sign for crappy rates. So even in these crappy areas with low salaries, you have individuals with significantly better contracts. Most of these places need docs. while these CMGs may keep saying "everyone's contract is the same", it's really now. If they are desperate enough, they'll pay a lot more. For example: I signed for 265/hr. I know docs at the same site signed up for 210-220/hr. That is where they started negotiations. They were desperate though.
I saw on a post here someone willing to work a 2.5 pph job for 150/hr. I mean that's ridiculous. I moon light at a 1 pph place for 170/hr. The places with high rates are decreasing, but some people are just not smart enough to know their worth and settle for less.
But it's like Denver MAAAN, marijuana is legal and they have mountains.Once again, I just don't get the $150 an hour in the current market. You can make that as a nurse. You can make that at a government job. You can just about make that doing chart review. You can make that in UC or telehealth. All of these are lower liability. All of these are easier. It makes no sense, and it does show what terrible negotiators physicians are. Crazy.
So does Canada. Plus you'll get paid better and have to chart less and worry less about getting sued.But it's like Denver MAAAN, marijuana is legal and they have mountains.
Once again, I just don't get the $150 an hour in the current market. You can make that as a nurse. You can make that at a government job. You can just about make that doing chart review. You can make that in UC or telehealth. All of these are lower liability. All of these are easier. It makes no sense, and it does show what terrible negotiators physicians are. Crazy.
It also comes down to area. If they have to be in one area due to various reasons, and that area is monopolized by one CMGs, then the rates will be low in that market
So does Canada. Plus you'll get paid better and have to chart less and worry less about getting sued.
(And yes, I know you were being sarcastic)
The narrative matters more than the reality. Honestly I don’t get it. But I also know my view on things isn’t in line with most.I know a guy who left Texas for a job in Denver.
He now makes 1/2 of what he was making in Texas. And in Denver he "gets" to see 2.5pph.
I guess if you could live in the mountains and could enjoy them every day I could maybe understand taking a big pay cut (provided the hypothetical ED was uber-low volume). But that's the biggest farce about Denver...it's not in the mountains, it's next to them. And if you want to really access them to go skiing it's a 1.5-2+ drive away.
The cost:benefit ratio of living there is supremely out of wack for EPs.
We can hopeIt seems like the very existence of CMGs is counter that physician anti-fee splitting laws. A potential fix for all of our problems would be to declare them illegal. Seems like the nuclear option is the only option.
The narrative matters more than the reality. Honestly I don’t get it. But I also know my view on things isn’t in line with most.
I lived in nyc prior to med school. Fun place. I had no kids.I guess some people also like living in tiny manhatten apartments and pay an exorbitant amount of money for those **** holes. That's something I'll never get either.
I lived in nyc prior to med school. Fun place. I had no kids.
Why would a sane human being want to live up there with a family is beyond me.
High taxes, cold weather, miserable people.
No offense to you northeastern types. I just totally don’t get it.
California isn’t for me either but I get SoCal and San Francisco.
I've never figured out NYC either or Denver. Why people want to live there. Both have terrible weather, and low pay. NYC has outrageous expenses, and taxes. For the amount I save on taxes, I could stay at the Park Hyatt NYC for 1 week every month including flights, and still have money left over for a Malibu beach vacation.
LolQuick thread revival question. Am I correct to assume Vituity does not have 501c tax status, like most physician groups?
Asking/confirming on behalf of prospective employees who participate in Public Student "Loan Forgiveness."
With the money you could save not living in NYC, you could just buy new family. Better family.