Various Work Settings For Psychiatrists

[jumpbean2]

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I'm probably going to end up doing my residency in Psychiatry and I had a few questions pertaining to the arena in which psychiatrists work.

Multi-Speciality group practice vs Single Specialty group practice, vs solo practice.

Could anyone elaborate on each of these from a psychiatrist's perspective?

Advantages and disadvantages to each?

Pay range for each and why pay varies between the three?



All input greatly appreciated!

Thanks guys.

 

[vistaril]

I'm probably going to end up doing my residency in Psychiatry and I had a few questions pertaining to the arena in which psychiatrists work.

Multi-Speciality group practice vs Single Specialty group practice, vs solo practice.

Could anyone elaborate on each of these from a psychiatrist's perspective?

Advantages and disadvantages to each?

Pay range for each and why pay varies between the three?



All input greatly appreciated!

Thanks guys.

you are overthinking all of this....and perhaps trying to apply the concept of other specialties to psychiatry.

first, a comment about the term 'group practice' as it applies to psychiatry. It is much different than that term when compared to other fields. In psychiatry, even if you do practice with many other psychiatrists, you tend to eat what you kill. The group or managing partner may take some % of your collections(usually around 30%) in exchange for office, whatever staff they have for billing/receptionist, utilities, any advertising the group does, etc.....but this is not how the term is applied in other specialties.

As for multispecialty groups....eh....you are still eating what you kill so either way it's not a big deal. In psychiatry single specialty is far more common.