Id expected him to have jumped in by now. the bat-signal must be malfunctioning.
Okay, okay, sometimes it's just nice to see how this evolves without me running my e-mouth again.
CB did a very nice job at summarizing this. I'll add a little. I currently work in a large Level 1 Trauma center affiliated with a large state university and medical school. I always have and probably always will (but who knows). I've had several, pure intensivist, friends go other routes, and I've actually tested the private practice market too.
There is tremendous heterogeneity in practice models. I swear, every time I look at another medical center, they come up with a local solution towards CC that fits their needs.
With that being said, there are several private practice groups, private hospital affiliations, and academic positions that work shift-work hours. Usually these end up being close to 180 shifts/yr for a full-time-equivalent. In-house night coverage (or e-ICU) is becoming more popular.
I've seen private practice groups that hire 4 or 5 pure intensivisits to cover the ICU solely, while the pulmonologists cut back their own ICU time. These groups usually have some relationship with the hospital, and get some amount of reimbursement by the hospital. They also get a percentage of their collections.
Some are pure hospital employees and are pure salaried positions, maybe with some incentive or bonus based on some quality measure at the end of the year.
The academic models are also varied. Research funding is hard to get in this climate and if you are serious about doing that, you should really pursue a good research mentor and consider taking some grad level courses. NIH funding is rare, but is there if you are really motivated. NIH funding will not pay your full salary, and those researchers that are 100% funded (in critical care) you can count on one hand. So you will have to pull a few shifts/month.
Pay ranges all over the place, but it is going up. I've seen private practice offers as high as $350-400, but usually the avg is in the upper 200's to low 300's. Academic can be much lower, anywhere from the 160's to mid 200's. It really is variable....but it has trended up over the past 5 yrs.
CB was correct in stating that the biggest factor that influences our bottom line is VOLUME of truly critically ill patients. You really do need a unit of 10-12 pts/day of CC billing (EM - 99291). Ideal would be around 15 or so. It gets crazy and out of hand over 20, but many people do that.
Again, I really can't say it any better than CB did. I also agree, if you love pulm/ccm, go for it. I did EM/IM/CC and I still work in the ER, so all options really are open with a critical care practice. Just find a career path that you enjoy and do it.
Hope this helps.....and wasn't too long.
KG