Doctors bail out on their practices

Discussion in 'Too Hot for Swamp Gas' started by PSGator66, Jul 16, 2013.

  1. leogator
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    leogator Active Member

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  2. neisgator
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    neisgator Belligerent Gator

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    He is single
  3. RealDeal
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    RealDeal New Member

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    sell out the practice for big money to a big corporate hospital, then work normal hours for a huge salary---sounds good.
  4. mastoidbone
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    mastoidbone VIP Member

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    We are deep in negotiations to sell our practice as well. This was happening before ACA---but uncertainty over ACO, insurance rates, compensation, etc has accelerated the process--if you don't believe it go talk to some doctors.......
    Many docs want to monetize the value of practice today rather then hang on and hope---a bird in the hand.

    Usually cash for the practice and a contract to keep working--but at a reduced pay level.
  5. neisgator
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    neisgator Belligerent Gator

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    Smart. Exactly what I would do if I were standing in your shoes.
  6. HudsonGator
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    HudsonGator New Member

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    ^^This x 1,000
  7. RealDeal
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    RealDeal New Member

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    to cut medical costs, the AMA needs to open more medical schools and flood the country with new doctors, willing to work for a lot less.
  8. mastoidbone
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    mastoidbone VIP Member

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    LOL----lets assume ALL docs worker for ZERO salary----how much would medicare save???

    less then 8%.

    Doctor pay is the smallest of medicare and US medicine spending problems.....by far.
  9. demosthenes
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    demosthenes Well-Known Member

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    Obviously. Still waiting for evidence of the 1/10th claim.
  10. demosthenes
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    demosthenes Well-Known Member

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    Envy crowd? Not even close. Little tolerance for whining about salary, even taking into account their loans, putting them in the upper half of the top 1%? Certainly.

    And most surgeons start in the $400k plus range. Hardly beggared enough to be driving a Honda Accord.

    People can make as much as they want and I won't fault them. However, I reserve the right to call out their lame attempts to appear as paupers.
  11. egator1245
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    egator1245 Premium Member

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    envy and anger literally drip off some posts. Some posters know so little about medicine or the life of a physician even those who profess to know everything. Also math does not seem to be a strong point either. K-12 is 13 years of education. Add 4 years of college, 4 years of medical school, 1 year of internship and 4 years of residency and that equals 26 years. With generous life span of 100 years that is 26% spent in education. Your turn now.
  12. neisgator
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    neisgator Belligerent Gator

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    Still waiting for you to quote the right poster
  13. demosthenes
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    demosthenes Well-Known Member

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    I merely asked for support of the 1/10th claim not a recitation of the well known progression to become a doctor.
  14. QGator2414
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    QGator2414 VIP Member

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    Your right. That surgeon who spends 18 hours in surgery saving a life is a pauper...

    :roll:

    Are there doctors who play it up about their situation? Absolutely. Just like any profession. Could my anecdotal doctor have been driving a nicer car? Most likely as I have no idea what his financial situation is/was. I was just providing an "anectdotal" example...
  15. Row6
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    Row6 New Member

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    No shortage of med school applicants. Forbes:

    "The number of students applying to medical school rose again this year with applications up 3.1 percent in what a new report described as “healthy gains” in interest in the medical profession.

    The Association of American Medical Colleges, which represents the nation’s medical schools and teaching hospitals, said more than 45,000 students applied to attend medical school this year. Meanwhile, first-time applicants, which AAMC executives say is “considered to be a barometer of interest in medicine” set yet another record, increasing 3.4 percent to 33,772 applicants."

    www.forbes.com/sites/brucejapsen/20...anxiety-record-number-want-to-become-doctors/
  16. austingtr
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    austingtr VIP Member

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    HAHAHA Doctor's overheads run about 70% these days. I remember when 50% was considered great. I know several people who closed their offices and retired (internal medicine PM&R) because their practice lost money. The requirements to bill medicare are simply absurd. Doctors who have to pay translators who make more than them when you add.

    Doctors could be charging waaaaaay less directly to patients if they didn't have to follow guvmint regulations and stupidity.
  17. Row6
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    Row6 New Member

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    Yeah, and I could build a lot cheaper without all the codes and inspectors.

    What could go wrong?
  18. austingtr
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    austingtr VIP Member

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    I feel sorry for you not for me. I don't know anyone who has a better life than me. Envy is a biotch. I am happy to talk about my personal experiences to illustrate the fiasco that is currently going on. But whatever dude, continue on. I don't have a vacation home, we don't hoard material things other than normal comforts. You don't know anything about me, so I would ask to leave me out of your arguments. We care about patients first. The system doesn't, and clearly is making all these regulations to save money, not in the best interests of patients and doctors.

    How about the guvmint makes it so that doctors can preserve their hyppocratic duty to their patients, rather than operate in a system geared to save money, and protect insurance companies and guvmint monies? The problem in this country is that lawyers make laws.
  19. QGator2414
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    QGator2414 VIP Member

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    Apples and Oranges...
  20. Row6
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    Row6 New Member

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    Other than it being harder to build than be a doctor, what do you mean?

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