if an employed physician is getting paid more, doesnt that mean that they are seeing additional money?
why a cap, doesn't make sense
Not if you willingly sign the contract with that in it. Same reason that unpaid internships and volunteering are not unconstitutional.
Wait really? That’s pretty solid, is that the same in most areas?
Probably more like 500k in densely populated areas. Still pretty damn good for how they work. I know a guy who was in a private ortho group , and is now joining another ortho group acquired by a hospital system that is going to start base salary at 450k and this is in southern New Jersey. That kind of base salary doesn’t happen in the glorious state of New Jersey in any private group I know of and we all know docs don’t typically move laterally on income..
not near where the Bills are located.
Someone in admin scared you'll make more than them?
Probably gotta do closer to 50 wRVUs per day to get in the mid 600’s to 700
This is about the only way to have a chance at 7 figs as a hospital employee without income diversification. I would add influence on staffing and their training to create a reasonably efficient system of care delivery. I’ve never heard of a system that doesn’t have several of these barriers. Whether these inefficiencies are a bug or a feature is another matter. Many (most) of the people you work with aren’t incentivized to participate in being efficient.
This is a good deal
Wow. Great base pal.
They buy your practice, then sell their concept to "investors". Then everyone loses money. That's what constitutes investing these days.
They low ball them, entice partnership, asc ownership, then some **** happens and the partnership deal gets pushed off and the asc buy in gets bigger despite diminishing distribution. Then the doc gets grounded, starts a family, plants roots, then by the time the doc realizes it’s too late they are stuck out of fear to move on because who knows it may just suck ass worse somewhere else. Then they just hang their heads and show up to work everyday hoping for change but realizing it will never happen.
Do you have any friends in your specialty who are looking for a private practice job? Our area’s 2 rheumatologists both retired about a year ago, so patients have to travel an hour or more to see one if they’re lucky enough to find one taking new patients. I’m with an orthopedic group so we’d love to host a rheumatologist who wants to do the profitable things that rheum can do in private practice. We even have a space that could be built out into an infusion center. We aren’t looking to make a bunch of money off of someone - we just want somewhere to send our patients with RA, etc.
Truth here!
Are jobs like this hard to come by these days? This seems like a dream
Sure but you’re gonna work very hard and you need a super efficient system. He’s seeing a ton of patients and doing a ton of procedures to make 14,000 wRVUs in 3 1/2 days/week.
Are you rural? I'm all about PP but must say this is a good deal
so basically your base is 690k. Thats awesome
Suburban. My numbers are boosted because I have an NP and I get credit for all their wrvus. Plus it’s a mature full practice with a two month wait so busy
All E/M codes got a boost in 2021. Hospitals are now finally paying their physicians the updated rates although some including mine have cut the $/wrvu conversion factor to account for the increase in total wRVUs.
thanks
drusso has gleaned this based off of his years of negotiating the best possible $/RVU contract with his local hospital.You have to negotiate based on Physician Enterprise Value not RVU. RVU comp is for suckers. It's no mistake that how Admin wants to negotiate with physicians because it only represents a small sliver of the pie.
Four critical steps to unlocking physician enterprise value
As health care transformation accelerates due to rapid changes in staffing, supply chain, capacity constraints and other factors, improved alignment and activation of the physician enterprise should be top of mind for health system leaders. Hospitals have long been the nucleus of the health care syswww.linkedin.com
The beauty is that you don't have to be employed by the enterprise to have high PEV. You only need to know what you're worth and threaten to take your business elsewhere. Once EVERYONE understands this, the alignment becomes natural. Once they know that you know your PEV, they'll negotiate with you.
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