- Joined
- Jul 31, 2012
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Hello all,
I'm wondering about the compensation rates and employment types for EM physicians.
Correct me where I'm wrong as I'm sure don't have this all straight
Independent contractors (1099 workers) - Paid per hour. Probably the highest income, can exceed 400k but is liable for indemnity cover, accountant bills, no pension, no medical/dental. Can have a recurring contract with a hospital for years or can locum on the road.
Salaried Positions - Somewhere from 200-300k. May include benefits. Tax deducted from payroll. Has a commitment to X number of hours which will include unsociable.
Salaried / Incentive - Lower salary but includes incentives regarding turnover. Rewards productivity.
Academic Positions - Lower rate of pay, typically 180k - 220k. Usually has good benefits. Typically involves heavy clinical work in urban Tertiary centers. Potential to progress to APD or PD.
Democratic Group - Typically paid per hour 150-300 plus incentives. Can sacrifice salary for shares in group.
Urgent Care - I have no idea.
Thank you.
I'm wondering about the compensation rates and employment types for EM physicians.
Correct me where I'm wrong as I'm sure don't have this all straight
Independent contractors (1099 workers) - Paid per hour. Probably the highest income, can exceed 400k but is liable for indemnity cover, accountant bills, no pension, no medical/dental. Can have a recurring contract with a hospital for years or can locum on the road.
Salaried Positions - Somewhere from 200-300k. May include benefits. Tax deducted from payroll. Has a commitment to X number of hours which will include unsociable.
Salaried / Incentive - Lower salary but includes incentives regarding turnover. Rewards productivity.
Academic Positions - Lower rate of pay, typically 180k - 220k. Usually has good benefits. Typically involves heavy clinical work in urban Tertiary centers. Potential to progress to APD or PD.
Democratic Group - Typically paid per hour 150-300 plus incentives. Can sacrifice salary for shares in group.
Urgent Care - I have no idea.
Thank you.