Don’t forget about malpractice insurance - around $170,000 per year per doctor or more for Internal Medicine and specialties , and over $700,000 a year for the surgical specialties . Over $1 million a year for Obstetrics- Gynecology and Neurosurgery.
On average doctors offices are able to collect only 40% of what they bill . Oddly enough Medicare is the most consistent payer, not the private insurances .
All that paperwork , calling for ore authorization, etc needs staff. Doctors offices usually have staff double the number of doctors . So figure in wages , benefits , etc . Plus the usual office rent , buying equipment, expenses of running an office etc.
Doctors are one of the most regulated professionals.
Next time you bash your physicians think of all that, plus what fren Lapstrake wrote above.
This is part of the reason why so many doctors have moved towards working for medical groups rather than as solo practices. It is running a business - that is not why they went to medical school though. It is very different skill sets and I am not implying it isn't doable, but it requires switching back and forth and especially as you get older, that just is not as easy as it once was.
Agreed and unfortunately due to hospitals and insurance companies trying to make money off of patients and doctors, Medicine is increasingly feeling like a business rather than a calling.
When the truth comes out I hope all the people negatively affected i.e. losing your job, by telling people the truth, have grounds to sue, including this good doctor.
Ha! I actually had put in more stuff in the comment about malpractice but deleted it because I thought it was going to muddy the waters of my point. My point is that the doctors have invested tons of debt and years of their lives and don't want to endanger that investment. The malpractice insurance is a cost and not an investment, but you are right. Becoming an MD doesn't mean you have it made, as in becoming a made man in the mafia. You are under constant pressure.
Wifey is a nurse, so I have been to some parties at MD's houses. They are pretty swanky, but no doubt it is all financed on their career.
Just to clarify I am NOT defending doctors who push the death jab without thinking if they’re good or harmful . I’m on everyone’s side here. Many doctors (including my own primary care MD ) are also like sheep , not using critical thinking that they were trained to use in analyzing new information and new therapies.
Just cautioning against painting all doctors with a broad brush .
Don’t forget about malpractice insurance - around $170,000 per year per doctor or more for Internal Medicine and specialties , and over $700,000 a year for the surgical specialties . Over $1 million a year for Obstetrics- Gynecology and Neurosurgery.
On average doctors offices are able to collect only 40% of what they bill . Oddly enough Medicare is the most consistent payer, not the private insurances .
All that paperwork , calling for ore authorization, etc needs staff. Doctors offices usually have staff double the number of doctors . So figure in wages , benefits , etc . Plus the usual office rent , buying equipment, expenses of running an office etc.
Doctors are one of the most regulated professionals.
Next time you bash your physicians think of all that, plus what fren Lapstrake wrote above.
This is part of the reason why so many doctors have moved towards working for medical groups rather than as solo practices. It is running a business - that is not why they went to medical school though. It is very different skill sets and I am not implying it isn't doable, but it requires switching back and forth and especially as you get older, that just is not as easy as it once was.
Agreed and unfortunately due to hospitals and insurance companies trying to make money off of patients and doctors, Medicine is increasingly feeling like a business rather than a calling.
When the truth comes out I hope all the people negatively affected i.e. losing your job, by telling people the truth, have grounds to sue, including this good doctor.
Ha! I actually had put in more stuff in the comment about malpractice but deleted it because I thought it was going to muddy the waters of my point. My point is that the doctors have invested tons of debt and years of their lives and don't want to endanger that investment. The malpractice insurance is a cost and not an investment, but you are right. Becoming an MD doesn't mean you have it made, as in becoming a made man in the mafia. You are under constant pressure.
Wifey is a nurse, so I have been to some parties at MD's houses. They are pretty swanky, but no doubt it is all financed on their career.
Just to clarify I am NOT defending doctors who push the death jab without thinking if they’re good or harmful . I’m on everyone’s side here. Many doctors (including my own primary care MD ) are also like sheep , not using critical thinking that they were trained to use in analyzing new information and new therapies.
Just cautioning against painting all doctors with a broad brush .