When I worked for the Indian health service, about 10-12 patients per day 8:30-4:30, three surgery half days every month, and fly to satellite clinic on reservations six times a month, leave at 6:45 AM and back at 3:30 or 4.
My HMO mill job: two offices, Monday to Friday, 32-40 patients from 8:30- 4 or 4:30 and stay another hour to finish up paperwork and charts. Two half days of surgery on Tuesday AM and Thursday PM.
Solo practice: the most flexible, because you can make your own schedule. One of my colleagues works 9-3:30 Monday through Thursdays so she can spend time to take care of her kids. Does she make as much as the guy who works 7:30- 6 six days a week? No, but her kids are only young once.
I have another friend who took five weeks off to go to Asia with her daughter. Her income during that time: zero.
Here’s how my co- blogger’s schedule looks like:
Dr. Choi Version 2.017
Mine is similar, I work Monday through Friday (late start Thursday AM) and have one half day for surgery.
You can make a very good living even seeing under 20 patients a day, even without doing cash elective procedures, pushing femto, over coding/ billing, or other schenanigans if you simply run your practice efficiently:
Efficiency; The Case For Going Solo
The bottom line is there’s no free lunch. If you want to work less hours and take more vacation (I took seven weeks last year) you generate less revenue than someone who works 10 hours a day and whose only time off is two weeks to attend conferences.
Personally, I have no interest in seeing 30 patients a day when I can make a great salary seeing under 20. The type of folks who think $300k isn’t enough, will also think $400k or $800k isn’t enough because there’s always someone else making more, seeing more patients, living in a bigger house, or driving a better car.
If you’re making $300k and seeing forty patients a day read this:
Why a $300,000 junior associate salary may not be as good as it seems
Ophtho is a great field because you get to do surgical procedures that significantly improve the quality of people’s lives, and can still run an independent solo practice, only having to answer to yourself rather than some numb chuck administrator who has no clue.
Is solo practice still possible? The answer is yes!
There will always be the doom and gloom folks who think solo practice went the way of dinosaurs 20 years ago. Not true at all, read the post below. Our opinion is they want you to work for their group (or HMO mill/ Kaiser) so they can underpay you and keep the profits for themselves.
They tried to discourage me from starting a solo medical practice