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I will leave this here without further comment
Historically this has been true.I think it’s a fairly common rural compensation setup.the idea is that they give you 2 years of security to “build practice”
middle of nowhere with sleepy linac that doesn't support the salary
Building happens to a degree in these podunk places, but in many cases, you are competing with patients leaving town 1 to several hours away, not a Linac across town. My first gig basically involved building a practice where patients were bleeding out 1-1.5 hours away to various tertiary care and an NCI center(s).I think it’s a fairly common rural compensation setup.the idea is that they give you 2 years of security to “build practice”
Yes, small rural pay bump is a thing. My network currently pays about $460K at the main center (not a very desirable town anyway) and 520K at the satellites > 2h drive from any airportsI had this discussion with several older rad onc’s when I was looking for jobs, age 50-70. When I was reviewing job offers with them, they said these rural jobs used to pay $1m/year but they don’t anymore. Similarly, the pay bump for rural locations within an academic system or hospital network is currently $50k/year, but it should be closer to $250k/year based on the difficulty of recruiting to those locations and the difference in QOL.
It’s a little secret across all of medicine that the publicly available salary data on Medscape or AAMC reflects salaried, urban coastal locations. It’s always been true that in private practice or in rural/suburban locations, the pay is much higher. It’s still high in other specialties (1.5m for heme onc). It’s lower for rad onc, even in Jonesboro, Arkansas, because of supply/demand/market power, primarily.
Small bumpYes, small rural pay bump is a thing. My network currently pays about $460K at the main center (not a very desirable town anyway) and 520K at the satellites > 2h drive from any airports
$460K at a main center, likely in a better/bigger MSA, is waaaay better pay than $520k at some podunk satellite without resident support.Yes, small rural pay bump is a thing. My network currently pays about $460K at the main center (not a very desirable town anyway) and 520K at the satellites > 2h drive from any airports
I don’t understand how heme/onc bills but it seems like the don’t generate a ton of RVUs -at least not in my academic microcosm. I guess my question is… why would they ever get 1.5M, regardless of the location?I had this discussion with several older rad onc’s when I was looking for jobs, age 50-70. When I was reviewing job offers with them, they said these rural jobs used to pay $1m/year but they don’t anymore. Similarly, the pay bump for rural locations within an academic system or hospital network is currently $50k/year, but it should be closer to $250k/year based on the difficulty of recruiting to those locations and the difference in QOL.
It’s a little secret across all of medicine that the publicly available salary data on Medscape or AAMC reflects salaried, urban coastal locations. It’s always been true that in private practice or in rural/suburban locations, the pay is much higher. It’s still high in other specialties (1.5m for heme onc). It’s lower for rad onc, even in Jonesboro, Arkansas, because of supply/demand/market power, primarily.
All wRVUs are not created equal.I don’t understand how heme/onc bills but it seems like the don’t generate a ton of RVUs -at least not in my academic microcosm. I guess my question is… why would they ever get 1.5M, regardless of the location?
RVUs are a way of comparing "productivity" between hospitals within a specialty, but there is no cross specialty comparison. Medoncs bring in the bulk of their money through the delivery of systemic therapy (even though there is no professional component tied to this) much like we bring in the bulk of our money from treatments (70-80% of radonc revenue is technical).I don’t understand how heme/onc bills but it seems like the don’t generate a ton of RVUs -at least not in my academic microcosm. I guess my question is… why would they ever get 1.5M, regardless of the location?
I don’t understand how heme/onc bills but it seems like the don’t generate a ton of RVUs -at least not in my academic microcosm. I guess my question is… why would they ever get 1.5M, regardless of the location?
Our medoncs receive more than double per rvu what I get. It is all supply and demand. If a specialty is in demand, $/rvu are increased. The hospitals start with what they want to pay us, based on supply and demand, and then calculate the $/rvu.I don’t understand how heme/onc bills but it seems like the don’t generate a ton of RVUs -at least not in my academic microcosm. I guess my question is… why would they ever get 1.5M, regardless of the location?
I knew there had to be something unseen. The owning-your-own-pharmacy angle would certainly explains the comp. Thanks!RVUs are a way of comparing "productivity" between hospitals within a specialty, but there is no cross specialty comparison. Medoncs bring in the bulk of their money through the delivery of systemic therapy (even though there is no professional component tied to this) much like we bring in the bulk of our money from treatments (70-80% of radonc revenue is technical).
So for medonc, you have your own pharmacy that dispenses medications, the markup on those medications, and the reimbursement for infusion of those medications. With patients living longer, I/O, targeted therapy, etc, there are a lot more infusions being done. Take something simple like the PACIFIC regimen. Locally advanced lung cancer patients went from getting 6 infusions of concurrent chemorads to 6 + Q2W infusion of I/O for 6-12 months (13-26 infusions). Add the fact that these meds are significantly more expensive that conventional/generic chemo and so the standard medicare markup of ~4.3% becomes substantial.
So you now have this perfect storm where you suddenly have a greater need for medoncs (more infusions) and higher overall revenue in a well controlled labor market. Hospitals can't just pay medoncs their professional billings anymore and they have to eat into their "technical" revenue. Contrast this with radonc where we're seeing the complete opposite, resulting in many radoncs earning LESS THAN their professional billings. It all comes down to supply and demand of physicians.
Would you mind PMing me locations for these 800k jobs? I know it’s considered a good time to be in Med Onc (although personally I think 10-15 years ago was a better time for pretty much every specialty) but I’ve never heard of anything with an initial base that high.And again, for anyone who thinks 750k is asking "too much", I can promise you - from firsthand knowledge - there are an awful lot of MedOnc jobs with starting salaries of 800k right now.
Even better is when you own the scanners you send your radiology to and the path lab you send biopsies toI knew there had to be something unseen. The owning-your-own-pharmacy angle would certainly explains the comp. Thanks!
And again, for anyone who thinks 750k is asking "too much", I can promise you - from firsthand knowledge - there are an awful lot of MedOnc jobs with starting salaries of 800k right now.
Even better is when you own the scanners you send your radiology to and the path lab you send biopsies too
I don't know the causes of this discrepancy but I have some ideas.Changes in median heme/onc salary
About how much does the median heme/onc salary increase every year? Like the only MGMA data I have is from 2021 and it was 481K. Anyone know what it was for 2020 or 2019? … or 2022 for that matter? Additionally, if someone is signing a three or four year contract, is it reasonable to request...forums.studentdoctor.net
what med onc actually makes and what rad onc thinks they make seems to be a fairly large discrepancy
Not what's going on most places. Most docs still work for hospitals via contract. But, the hospital makes a lot on the drugs prescribed and even more if they have 340b status (that markup is whack!). They need the docs to write for the drugs (still not letting mid-levels do this). The docs are in rare supply, so they are getting paid. Like said above, oncology is lucrative for a hospital. Many service lines are not money makers at all.The owning-your-own-pharmacy angle would certainly explains the comp.
I've literally seen the contracts myself, I don't know what else to say.Changes in median heme/onc salary
About how much does the median heme/onc salary increase every year? Like the only MGMA data I have is from 2021 and it was 481K. Anyone know what it was for 2020 or 2019? … or 2022 for that matter? Additionally, if someone is signing a three or four year contract, is it reasonable to request...forums.studentdoctor.net
what med onc actually makes and what rad onc thinks they make seems to be a fairly large discrepancy
I have recieved multiple locums offers directed at medoncs for 5k a day. In my metro which is very desirable, they earn around 600k at the university.I've literally seen the contracts myself, I don't know what else to say.
I guess...the population of my personal circle of Medical Oncologists who have shared details of their contracts with me is underpowered to make a Category A statement?
Therefore, ElementarySchoolEconomics gives the $800k+ salary a Category 2B endorsement.
At some point… money talksI have recieved multiple locums offers for medoncs at 5k a day. In my metro which is very desirable, they earn around 600k at the university.
I know one that quit a lucrative FT employed position to make the same 7 figure salary working 60 rather than 100% of the year as a locums. He thinks the 1099 thing will be advantageous for him as wellI have recieved multiple locums offers directed at medoncs for 5k a day. In my metro which is very desirable, they earn around 600k at the university.
And again, for anyone who thinks 750k is asking "too much", I can promise you - from firsthand knowledge - there are an awful lot of MedOnc jobs with starting salaries of 800k right now.
This is not going to change until we, in meaningful numbers, understand what we are worth (on a PC basis at a minimum) and refuse to take hospital-employed jobs for less, and in undesirable areas as is this ad, at a premium above this. I've certainly done my part on about a half dozen offers over the past 3 years (I had a few places up to 750k, but not 850k as that was what the old guys were making they were trying to save on).
10% of rad oncs practice rural.
Rural rad onc should pay 90th percentile MGMA, which is 800-850k unless it's very low volume and you can negotiate 3 days a week and a lot of PTO.
Anyone who takes a busy rural rad onc job for 500k is a chump.
And this applies to undesirable cities too. I might have considered Laredo, TX 5 years ago. Now? I don't see that position ever filling.
This is not going to change until we, in meaningful numbers, understand what we are worth (on a PC basis at a minimum) and refuse to take hospital-employed jobs for less, and in undesirable areas as is this ad, at a premium above this. I've certainly done my part on about a half dozen offers over the past 3 years (I had a few places up to 750k, but not 850k as that was what the old guys were making they were trying to save on).
10% of rad oncs practice rural.
Rural rad onc should pay 90th percentile MGMA, which is 800-850k unless it's very low volume and you can negotiate 3 days a week and a lot of PTO.
Anyone who takes a busy rural rad onc job for 500k is a chump.
And this applies to undesirable cities too. I might have considered Laredo, TX 5 years ago. Now? I don't see that position ever filling.
I've literally seen the contracts myself, I don't know what else to say.
I guess...the population of my personal circle of Medical Oncologists who have shared details of their contracts with me is underpowered to make a Category A statement?
Therefore, ElementarySchoolEconomics gives the $800k+ salary a Category 2B endorsement.
It's easy for us to call someone a chump for taking a sub 500k job, but what if that's what's available? 750orGTFO sounds great if you've been in the field for awhile and have a nest egg to fall back on, but we really need to put ourselves in the shoes of an average radonc residency grad with a couple hundred grand in debt. They are not in the position to refuse any job.
Then they'll get what they deserve for taking a crappy job.They are not in the position to refuse any job.
@OTN is correct, esp when we start seeing less stellar grads who matched into residency positions #130-195 and start graduating later this decade.Then they'll get what they deserve for taking a crappy job.
Lol another wasteland post that still isn't filled, I heard about this one like 2 or 3 years ago. Nobody wants to live in these places, unless they are socially happy in total isolation (and so is their spouse).because it's got appeal that Vincinees, IN doesn't
Oncology Programs: Take Action Now to Avoid a Massive Increase in Physician Expense in 2021
Explore the anticipated impact of the proposed CMS changes to the MPFS for CY 2021 to avoid possible financial losses for your organization.www.ecgmc.com
Footnote from the above link:People need to understand what a ball park professional fee revenue is.
Lol another wasteland post that still isn't filled, I heard about this one like 2 or 3 years ago. Nobody wants to live in these places, unless they are socially happy in total isolation (and so is their spouse).
Laredo, Carlsbad, fill in the blank OH, IN, KY etc. Makes central florida look like paradise don't it? I heard the gang in Jacksonville was making 800k W2 doing modest levels of work (25).
The golden days are gone boys (are there any girls here?). But I can live with #750orGTFO in a ruralish location as long as its a 3.5 day work week and..
90%-tile PC on the MGMA data I have from 2018ish was $1,055k. Total comp $875kFootnote from the above link:
2. Assuming that radiation oncology compensation is based on median WRVU production multiplied by a median compensation per WRVU rate (equal to $515,725) and median professional collections ($660,691) are based on an equal-weight blend of 2020 national composite benchmarks from MGMA, AGMA, SullivanCotter, and ECG.
Median skim: $145,000
What they really need to understand is economic value.
What is your total economic value? If you're a radonc, its 2-3M net profit. What do you think you deserve to generate this, assuming your pro fees are 'only' lets say 600k.
Now factor in where the job is.. and..
Economic value means nothing if you aren't in a good position to negotiate. New grads are not in a good position to negotiate, given the effective plans of Dr. Dennis Hallahan et al to place them in said position. I'm 100% in agreement with you that the radoncs are the ones who generate value and should be reimbursed for it. However, whether or not we agree on that matters not. Only supply and demand does.
Supply and Demand are 90% of it, which is of course impacted by location.However, whether or not we agree on that matters not. Only supply and demand does.