Why would you want this job?
Wanted. Part-time. Private practice seeks obstetrician and gynecologist. Forty hours a week, some nights and weekends. Pretax income $70k/yr and falling. Life-altering medical malpractice claims average only 1/3 years. Electronic medical record – partially functioning. Administrative skills required. Medicare, Medicaid, self-pay, and dozens of insurance plans accepted – billing, coding and prescribing proficiency needed for above plans. Keep up with this ever-changing medical field and all technical skills on your time. $80k exit fee due at termination of employment. Expect childcare expense approaching $35k/yr.
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“Rich or poor, famous or infamous, celebrity or street person, the physician by and large cannot command a higher price for one versus the other. You cannot capture the economic value of your work.”
This is absolutely true, at least outside what I’ll call the “vanity” specialties. And this is the fundamental problem with your system. You receive no reward for being great.
“Doc, I saw the ‘part time,’ but it is followed with “40 hours per week plus nights and weekends”. I took the “part time” to be a joke.”
For most doctors, particularly OBs, 40 hours a week is part time!
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