- Joined
- Jan 22, 2010
- Messages
- 63
- Reaction score
- 3
Hey there SDN, long time listener . . . first time caller,
I wanted to get input from the bigger brains on this.
My current employer, a multi-specialty group (30 docs, 8 different specialties) that had been in existence since 1960 was run into the ground by poor management and the refusal to evolve with healthcare. Long-story short - I have been given a "red pill" vs. "blue pill" choice.
I have been in this current job for 4 years, but I've been out of fellowship over 10 years. Some guy named Steve Lobel trained me in 2011-2012. I'm decent at this.
I am also 47 years-old, two kids in a great school that they love, and a very supportive wife who "just wants me to be happy".
Okay, here we go:
Red Pill: Joint the big medical group that is acquiring our practice. They are not owned by the hospital, but is an adjacent arm of the overarching healthcare system. Their compensation is totally wRVU based, but cannot exceed the 90th percentile where you are capped. 90th percentile for our specialty/geography based on "fair market value". Also, they will cover my tail insurance, but only if I sign on for minimum of two years.
My meeting with them is next Thursday to discuss my earning potential as well as "what life will be like as their employee".
Blue Pill: Go out on my own, either re-establishing with the other forlorn specialists to form a new multi-specialty group (essentially competing against the big medical group) or move away and find something else. I should add that my current restrictive covenant will be deemed "null and void" as my current practice is being absorbed and they have said that they will not enforce it.
What do you all think? What questions do I want to ask these jokers? Obviously I want my wRVU multiplier to be around $60-65 dollars per unit, and I need to know about where I'll be doing procedures (office vs. HOPD vs. hospital), but what am I missing about this whole scenario?
HELP!!
I wanted to get input from the bigger brains on this.
My current employer, a multi-specialty group (30 docs, 8 different specialties) that had been in existence since 1960 was run into the ground by poor management and the refusal to evolve with healthcare. Long-story short - I have been given a "red pill" vs. "blue pill" choice.
I have been in this current job for 4 years, but I've been out of fellowship over 10 years. Some guy named Steve Lobel trained me in 2011-2012. I'm decent at this.
I am also 47 years-old, two kids in a great school that they love, and a very supportive wife who "just wants me to be happy".
Okay, here we go:
Red Pill: Joint the big medical group that is acquiring our practice. They are not owned by the hospital, but is an adjacent arm of the overarching healthcare system. Their compensation is totally wRVU based, but cannot exceed the 90th percentile where you are capped. 90th percentile for our specialty/geography based on "fair market value". Also, they will cover my tail insurance, but only if I sign on for minimum of two years.
My meeting with them is next Thursday to discuss my earning potential as well as "what life will be like as their employee".
Blue Pill: Go out on my own, either re-establishing with the other forlorn specialists to form a new multi-specialty group (essentially competing against the big medical group) or move away and find something else. I should add that my current restrictive covenant will be deemed "null and void" as my current practice is being absorbed and they have said that they will not enforce it.
What do you all think? What questions do I want to ask these jokers? Obviously I want my wRVU multiplier to be around $60-65 dollars per unit, and I need to know about where I'll be doing procedures (office vs. HOPD vs. hospital), but what am I missing about this whole scenario?
HELP!!