Good things about awful rad job market

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Alright people, we all have our opinions, and are entitled to them. No reason to get so hostile, and no reason for any name calling or personal attacks. If anything, all of this does serve a purpose - we all can agree that we facing significant change in the medical profession. If anything, it should be bringing us physicians closer together, not driving us further apart.

You'd be very pissed too if the salary characteristics going into a residency were one way, and then were completely different when you graduated from residency. That's not an unreasonable expectation.

Most people who go into Radiology liked it bc it combined a lot of things: 1) very visually-oriented field, 2) ridiculously high salary, 3) great lifestyle, 4) not having to deal with clinical bs (i.e. IM or Gen Surgery) as well as much less documentation bs. Those high caliber applicants might have chosen something else, if they knew then that they might not have a job waiting for them.

Sure, I suppose I would be upset. In fact, I am - medicine is nowhere near as profitable as I had imagined it to be when I first started medical school. America seems to have declared war against physicians. We are now forced to practice CYA style in case some angry patient decides to sue. And the job market does suck. But I would hope that somewhere on that list would be something about being passionate about or loving what you do. Salary is important, but all I'm saying is that it's very sad if all somebody went into medicine were for 2), 3), 4)... *Cue blow back from all radiologists who hate patient interaction*
 
And I personally think it's awesome for so many people to be still interested in pursuing radiology despite all the horror stories and ****ty job market!
 
The Medicare data release did more to confuse the issue of physician compensation than it shed light on the issue.

"Highest paid" physician was the chief of lab path at Mayo, who "raked in" 7 figs from Medicare. (Mayo bills for labs under his name.) Internists who "oversee" armies of mid-levels saw their "compensation" grossly inflated. Guess how their billing works...?

How do you like the Medicare numbers now?
It wasn't meant to clarify physician compensation at all. That was never the intent.
 
Sure, I suppose I would be upset. In fact, I am - medicine is nowhere near as profitable as I had imagined it to be when I first started medical school. America seems to have declared war against physicians. We are now forced to practice CYA style in case some angry patient decides to sue. And the job market does suck. But I would hope that somewhere on that list would be something about being passionate about or loving what you do. Salary is important, but all I'm saying is that it's very sad if all somebody went into medicine were for 2), 3), 4)... *Cue blow back from all radiologists who hate patient interaction*
All I'm saying is that we've reached a point where medical students now have to actively consider whether they will have a job right after residency. Just choosing a field bc you "love" it, is no longer smart (i.e. look at Pathology). That's different than they way things used to be in which people chose something bc they liked doing it. For Radiology, a fellowship has essentially become a requirement to get a job. I'm sure that was never the intention. Also, I didn't say (or mean to imply) they hate interacting with patients. I'm talking about patient-related BS - long H&Ps, discharge summaries, yelling patients or their families at something you didn't do, yada, yada. After all, there are Interventional Radiology fellowships. Part of the problem is that Radiology has commoditized itself (Teleradiology). When you do that, corporate hospitals take advantage.
 
I'm just shedding light on the issue.
When the medical students grow up and the residents finish and get jobs, go to a doctor's parking lot in a private hospital and look at who comes out of the porsches and mercedes. Private practice internal medicine and surgery attendings. Radiologists have increasingly become employed and even the private ones have seen huge reimbursement cuts.

YES! OBGYN call and Anesthesia call is a piece of cake when compared to radiology call. Look at a normal practice. Not inner city hospital NYC, Chicago. But a 100-500 bed hospital which probably makes up the majority of what is out there in the USA.
How many babies does an average OBGYN deliver in 1 night. 0-2? Who checks the cervical dilation every hour, nurse midwife? How much do you get paid for taking that shift?
How many OR cases does an in house on call anesthesiologist do in a night. Averaged over a week, maybe 1-2/ night. Last figure I heard was $1000 to take call, plus whatever you make doing the surgery in professional fee. So $2000-$3000 for 2 hours of work and the night of call.
We have two anesthesiologists on call each night one to do epidurals, one to do after hours OR cases. Each gets compensated per hour for their troubles. I don't know the hourly rate, but I would imagine about $200.
How many cases does an average in house overnight radiologist interpret in a night. A crazy number. How many breaks over 5 minutes does the radiologist get? Probably 1-2. And they send cases from 4 other places to you to interpret. They are salaried and work nonstop. Can't be private because the hospital won't allow it. Our interventionalists take call but don't get hourly pay. You get to bill when there is a case.
How many hospitalists who are working nights sleep more than 2 hours a night, probably 50-75% or more. I managed to average more than 2 hours of sleep each night I was in house on call.

All of you base your numbers on some internet survey that is SELF REPORTED. Look at someone's tax return then we will debate the issue. I'm a mid career mid income radiologist. I drive a toyota that is paid off, have paid off half of my house. My buddy is a private practice general medicine doctor. He has a M6 paid for and a house twice the size of mine. You don't get a mortgage for a 3 million dollar house on a 100k internal medicine job. Find out the addresses of the doctors that you work with or for before you join a group. If you sign with a group and find out that the president lives in a 4 million dollar house and the partners live in 400K houses, you can guess that the money isn't shared equally. I found that out when I interviewed for a PP radiology group in California.

For those of you with no business sense, which is the majority of doctors, including those who are clinicians employed at the 100-150K salaries, Medicare reimbursement +private insurance reimbursement= gross income. Gross income- practice expense = net take home income, what people call salary. Almost every doctor making 7 figures from medicare is an ophthalmologist. Ophthalmologists are notorious about telling people their income is low and horrible like 100-200K. When you get lasix surgery which takes 10 minutes and costs a few thousand dollars, tell me where the money is going? Maybe you can make more reading bone x rays at $5 a piece.

Before you start working as a real doctor, get a clue. Find out of the real numbers of what you will be paid for your services. Look up what a 99213 office visit pays. Look up what a inpatient admission pays. Find out how much you will be paid for a laparoscopic cholecystectomy or an ERCP (around $500-600 medicare, up to $1000 pro fee for some private insurance). The people who really need to do this are the ones spending all this time on a discussion forum without a clue about life.

Also, before you choose a specialty, spend real time with a staff doctor in the practice setting of your choice.
I was SHOCKED when I shadowed a private general surgeon. He spent 1-2 hours in the OR on his operating days and had a cush time in his office following patients on his non OR days. HUGE difference to the academic surgeons who operate for hours and have a full schedule.

Anyhow, the best advice is to do what you like. Honestly.
When you are 50 years old after working 20 years, all doctors have a comparable life. The vast majority make 200-400K working for someone, the hard workers and private doctors make the 400K plus. After taxes it is pretty close.
 
All of you base your numbers on some internet survey that is SELF REPORTED. Look at someone's tax return then we will debate the issue. I'm a mid career mid income radiologist. I drive a toyota that is paid off, have paid off half of my house. My buddy is a private practice general medicine doctor. He has a M6 paid for and a house twice the size of mine. You don't get a mortgage for a 3 million dollar house on a 100k internal medicine job. Find out the addresses of the doctors that you work with or for before you join a group. If you sign with a group and find out that the president lives in a 4 million dollar house and the partners live in 400K houses, you can guess that the money isn't shared equally. I found that out when I interviewed for a PP radiology group in California.

You're discrediting a comprehensive survey of a thousand internists across a hundred practices with evidence of one internist whose financial situation you don't fully understand. Comb through the fee schedules and piece together a typical day in PP internal medicine. Make some reasonable assumptions on collections and overhead, and extrapolate it across the average 250 working days per year. You're not getting anywhere near $500k or $1m or however much your "friend" makes to afford an M6 and a $3m house.
 
You're discrediting a comprehensive survey of a thousand internists across a hundred practices with evidence of one internist whose financial situation you don't fully understand. Comb through the fee schedules and piece together a typical day in PP internal medicine. Make some reasonable assumptions on collections and overhead, and extrapolate it across the average 250 working days per year. You're not getting anywhere near $500k or $1m or however much your "friend" makes to afford an M6 and a $3m house.
Docs are notorious for living outside of their means. The GP mentioned above could be real...or he could have family money to support his lifestyle...or his wife could also pull in a 6-fig salary...or he could be living outside of his means or right on the edge. With that kind of "stuff", I would imagine he's not putting much away for retirement - even if his take-home pay is really in the high 6-fig range.
It wasn't meant to clarify physician compensation at all. That was never the intent.
What was the intent, then? I'm pretty sure all I heard on the news was some BS about transparency in health care costs and physician pay. Not that one can trust the news... but seriously, what was the intent?
 
What was the intent, then? I'm pretty sure all I heard on the news was some BS about transparency in health care costs and physician pay. Not that one can trust the news... but seriously, what was the intent?
Sad that I have to explain this, bc I think this sums it up: http://www.kevinmd.com/blog/2014/04/medicare-data-dump-government-gave-physicians-finger.html

Up to this point, the govt. has been unable to control costs. So the next step is to have the media do the dirty work. Hence why you have people who think doctors make millions of dollars. The goal is to have providers accept lower reimbursement. Shaming them, is the first step to go about doing that.
 
Sad that I have to explain this, bc I think this sums it up: http://www.kevinmd.com/blog/2014/04/medicare-data-dump-government-gave-physicians-finger.html

Up to this point, the govt. has been unable to control costs. So the next step is to have the media do the dirty work. Hence why you have people who think doctors make millions of dollars. The goal is to have providers accept lower reimbursement. Shaming them, is the first step to go about doing that.
That makes sense. Though I'd appreciate it if you'd lay off the condescending tone. I'll admit I'm a little late the "politics of healthcare" mind game, but they don't exactly teach you this crap in med school (but they should, cuz it's more important that some of the crap they do teach).
 
That makes sense. Though I'd appreciate it if you'd lay off the condescending tone. I'll admit I'm a little late the "politics of healthcare" mind game, but they don't exactly teach you this crap in med school (but they should, cuz it's more important that some of the crap they do teach).
If you're a resident as your status says you are, then you're really late to the game. Most med students/residents tend to read popular medicine-related blogs: KevinMD, etc.
 
If you're a resident as your status says you are, then you're really late to the game. Most med students/residents tend to read popular medicine-related blogs: KevinMD, etc.

No they don't. Most normal med students/residents (aka, the ones not on sdn) prefer to enjoy sports and Game of Thrones instead of spending free time reading up on the latest depressing thing about how our field is turning further and further to crap.
 
No they don't. Most normal med students/residents (aka, the ones not on sdn) prefer to enjoy sports and Game of Thrones instead of spending free time reading up on the latest depressing thing about how our field is turning further and further to crap.
Um, it's not AuntMinnie and the articles cover a range of topics, not just doom and gloom.
 
Um, it's not AuntMinnie and the articles cover a range of topics, not just doom and gloom.

Maybe so, but most of my fellow med students don't eat, breathe, and live medicine in their free-time. So I'd say it's a bit much to assume that "most" med students/residents read random medicine blogs.
 
If you're a resident as your status says you are, then you're really late to the game. Most med students/residents tend to read popular medicine-related blogs: KevinMD, etc.
Just graduated from med school. Starting residency in 1 month...so maybe my status is a little inaccurate for the time being, but I'm not a med student anymore. I intermittently read articles on KevinMD (and have for some time), but did not see the one you linked to until after you pointed it out.

When I say I'm a little late to the "politics of healthcare" mind game, I mean to emphasize the fact that I'm only recently starting to think about the motive behind policy decisions and PR moves like the Medicare data dump. Prior to 4th year, I was too busy to care much about the motives and simply wanted to be aware of the policy decisions. It may have been naive and ignorant of me to do, but like Kaputt said, I wanted to spend what precious free time I had with my family or doing things I enjoy. However, now that I have a little time on my hands and I'm getting closer to the time where stuff like this will really have a big impact on me...I'm paying closer attention to it and trying to learn as much about it as I can.

Perhaps, instead of trying to shame the uninformed/uninitiated on this forum, you could stick to providing useful resources for opinion and analysis of this sort of thing. And, for the record, a lot of what is on KevinMD is introspective writing on the profession - which doesn't mean it isn't well-written or worth reading - but, at most, something less than half of what I see in the near-daily email I get from the site is related to politics/policy.
 
Maybe so, but most of my fellow med students don't eat, breathe, and live medicine in their free-time. So I'd say it's a bit much to assume that "most" med students/residents read random medicine blogs.
That blog is hardly "random". It's one of the most well-known and for good reason, hence why it was bought by MedPage.
 
70 should be the mandatory retirement age for physicians.
 
You've got to be kidding me here. If you're not, just lie to me.
I don't think that's correct, I saw how much oncologists and ophthalmologists make on the recently released Medicare payment info!!


The ophtho and oncology medicare payments include money that includes money that those physicians use to pay for the medications they are injecting, I believe. Rheum payments seemed high also, but I wonder if part of those payments are also used to pay for medications.
 
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