It’s less than $80,000:
Reed said the biggest burden of the business of being a doctor falls on single practitioners. He said the median income nationally for an internist is $160,000, but the sole practitioner is making less than half that because of business costs.
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It seems that many of the solo practitioners are by nature independent souls who have in many cases been inflexible with the way they work, and when they have made changes, done them rather impulsively and therefore not so effectively.
These days you have to be looking hard at your business data and deciding what’s worth doing and what’s not. There can be benefit from nurse practitioners, but their work has to be structured so that at the very least they pay their own way from the fees they generate; if they don’t they’re just another expense.
For a time one could compensate for revenue fall-off by just working harder, but that was always a short-term approach, and not really a solution.
I would suggest Nursing School for those solo primary care MD’s. Starting (new graduate) full time pay in most of California in acute care hospitals is about 65K plus benifits. With some experience at the better paying facilities many are making 100K without working overtime. Most facilities now recgonize your years of experience and place you on the approperiate step when hired so you dont have to put in years every time you change jobs to make decent money. I know a number who are overtime hounds that make 120-140K range. The biggest driver of raising wages has been the Nursing Shortage and the adoption of Nursing Ratios. Pay outside California is significantly less in most areas of the country.
That’s rather what we figured- internists in general (and hospitals) are either so overwhelmed with patients or on a steady (high) salary- it’s hard to get them to care about prices. Single practitioners, on the other hand, are more quick to advertise services and look for patients, particularly young guys moving into the area,
Cheers,
Alijor
I don’t believe it.
He Murse, you’re misinformed. I am in solo practice; I make over $200K/year.
You’re just mad cause you didn’t get in to medical school. You’re $80k/year comment shows how little you know.ha ha ha
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