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So, can a sleep guy make 500k - 1M owning his own clinic....a sleep neurologist say?
So, can a sleep guy make 500k - 1M owning his own clinic....a sleep neurologist say?
So I guess your flirtation with pathology lasted about an hour?
A busy sleep physician can make $200,000-$300,000 (usually closer to $200,000) from the practice of sleep medicine. A sleep neurologist, I speculate, could make in the higher range of that spectrum if he read frequent EEG's.
If a sleep doc owns a 6-8 bed sleep lab (either as extension of his practice or as an independent diagnostic and testing facility), he could make $500,000 or more per year. However, this involves significant capital investment (it would take 1 million to start such a sleep lab) and I wouldn't call the income from this part of a physician's salary.
To answer your question Cayman Islander, as a sleep neurologist you could reasonably expect to make $250,000, and you would have some investment opportunities available to you that could allow you to double your total income (or drive you to bankruptcy, if the sleep lab failed).
Just wanted to know is this the current average salary or taking into account the March decision?
Also, from many internet sites about salaries for neurologists - I see salaries from 190K to 340K. So, if you're a sleep neurologist, wouldn't you add to the above range (for example 240K to 400K+ --without owning multiple sleep labs)? Just curious on you're thoughts! Thanks.
Just wanted to know is this the current average salary or taking into account the March decision?
In addition to the variables listed by neurologist, there is also the variable of which part of the country you live in. Although the CMS decision comes out in March, some regional Medicare carriers have already made a local coverage decision AGAINSt home testing, and home testing for osa will not be covered in many states.
So this means, sleep studies will probably still be in demand vs. home testing at least for Medicare pts? Also, which regions have local Medicare carriers decided against it (Northeast vs. South, etc.)?
Also, thanks everyone for your posts!
States in which Medicare will not cover home testing for OSA:
American Samoa, California, Connecticut, Delaware, Guam, Hawaii, Kentucky, Illinois, Indiana, Maine, Marina Islands, Massachusetts, Michigan, Nevada New Hampshire, New Jersey, New York (with the exception of Queens County), Ohio, Vermont, Virginia, West Virginia, and Wisconsin.
where are you getting this info from? do you have a link you could provide? I can't seem to find anything this specific . . . Thanks!
One of the readers of my sleepdoctor blog posted the info as a comment to the FEb 12 post. Here is a link to the states in which home testing is not covered (this is not a link to my blog): http://sleepwellandlive.wordpress.com/2008/02/15/initial-determination-on-home-sleep-studies-no/
So in states like Arizona, Texas, New Mexico - sleep reimbursement might fall? Basically, some states will have better compensated sleep neurologists vs others?
States in which Medicare will not cover home testing for OSA:
American Samoa, California, Connecticut, Delaware, Guam, Hawaii, Kentucky, Illinois, Indiana, Maine, Marina Islands, Massachusetts, Michigan, Nevada New Hampshire, New Jersey, New York (with the exception of Queens County), Ohio, Vermont, Virginia, West Virginia, and Wisconsin.
what about psychiatry sleep medicine..what do they range??
O.K. one more time. Estimated income enhancement for a clinical neurologist who is also boarded in sleep medicine? Without owning your own stand-alone lab.
O.K. one more time. Estimated income enhancement for a clinical neurologist who is also boarded in sleep medicine? Without owning your own stand-alone lab.
I would guess that neurologists who are boarded in sleep and spend 1/2 of the time doing general neurology and 1/2 of the time doing sleep could expect to typically make in the range of $200-$300K