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Reply to "Doctors make too much money"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Doc here. I left clinical medicine because the salary was rather low given my options. If I have to miss out on my kids life and my own life, I also have to maximize hourly compensation. Now I make more money [b]doing something else[/b]. The expense of healthcare is not because of the doctors.[/quote] What are you doing now? Want to know as one family member who is doctor also interested in leaving clinical medicine.[/quote] Not the PP, but a friend that did this went to work for a VC firm. Always more money in finance. That said, physicians are work horses. They have to be present to make money. Lots of easier jobs that you can outsource, work remote, have flexibility, etc. [/quote] This part is true, my ex is the OMFS. If there are no surgeons to perform surgeries, the whole practice doesn't make money. I think over the 4 private practices he had up to 100 employees. Some are larger than others. He has different partners in each practice and associates sometimes stayed or left. Anyway, every time he decides to go on vacation with his girlfriend (who travels with him from office to office because of course she does) it impacts the practice bottom line. I gather that he's starting not to care so much anymore, though. His dad died at around the same age he is now and I think he's hit some sort of existential wall about that. He's been approached by at least one of those practice management places that are trying to come in like HMOs ("You Do what you Do Best and We'll manage the Rest" type stuff) but his other partners wouldn't uniformly agree. He's the only one who was partner in all 4 so I'm pretty sure he just had his partnership bought out in the one place. He also established the practice he sold, like he bought the real estate 20 years ago in the form of a commercial space and fitted it out for surgical work. (I don't know if we still own that because we don't talk. I just see numbers.) For all I know he's still renting it back to the partners who still practice there. He was also supposedly approached by a regional consolidated medical borg a bunch of years ago to buy all 4 practices for 100m (which would have been split among partners) which obviously never went through. I have almost no idea about the rest of that, except that it obviously didn't happen. FWIW he's been so paranoid about his fingers for decades he won't so much as throw a ball with a kid. [/quote]
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