Where are you seeing this number?
Reddit lol. If I get more confirmation I will post here. I’ll
I forget if it was last year or the year before but I believe there was a new program who filled their entire first year class from SOAP. It's not a bad strategy for jump starting a program, since cherry picking the strongest candidates from SOAP likely nets you a more competitive class than a brand new program would get through normal matching. But that would have slightly artificially elevated the numbers of spots in SOAP.
From what I hear more and more places don’t want to hire NPs because of their poor management and abysmal patient satisfaction surveys. Patients are getting smarter and they are demanding to see doctors. Good for us, yay lol
Now hearing it’s 7 programs with 10 spots open total. That’s amazing for psych! Really means our specialty is in demand and pay will continue to increase as future competitive graduates negotiate better, advance the field, etc. Future is so bright
SO glad i didnt choose IM
Why is that?
Not as bright as psych IMO, lifestyle wise, salary, the whole gamut
ECT, esketamine and in particular TMS are what the venture capitalists are going for
Having an army of midlevels seems to be a trendy option in addition to the interventional work.
Let's open up an SDN doc clinic.
except neither ECT nor spravato are lucrative. you could lose money on esketamine and nowadays the few people doing ECT do it because they believe it is an important treatment to offer, not because it brings in the big bucks (which it doesn't). Most ECT patients are on medicare to boot. TMS can be very lucrative depending on contracts but you really need to have a high volume practice or establish yourself before anyone else and the ship has sailed on that in most areas. There also isn't a huge demand for TMS.
Gotta say I disagree with this. TMS can be very lucrative. I work in a practice that does a lot of TMS. Have a lot of patients coming in asking about it and many more that want to go through the treatment but have to jump through the insurance hoops. Seems the studies are promising too that TMS will become approved to treat a lot of other things in the future besides depression and OCD.
Agree with this. TMS, employ mid levels if you have your own practice, or cash only can be very lucrative. The practice I'm at has clinics in multiple states and I know of some psychiatrist who are clearing 5-600 pretty regularly but most are in the 3-400K range. There's rumor one particular has cleared a mil. Obviously this is an outlier but it is possible if you hustle.
See Merovinge's post. Also psych can offer these and a better work life balance than most specialties. I do work 40 hours a week but many work less. I do 4 days M-TH 10 hour days and get a 3 day weekend every weekend (well most weekends but I am currently picking up some extra fridays at another clinic within our practice for a limited time in a different city until a full time psychiatrist starts there).
Not only does ECT not make much money, but if you factor as a loss the difference between what the ECT service brings in (assuming it's even in the black, which is not a given) and what would be earned if those ORs were used for other procedures.... Yeah no one maintains ECT services bc the hospital likes how they make the balance sheet look.
How quick are you looking for? Like next paycheck quick? I don’t see mine that fast but every quarter get a bonus based on RVU’s. May not be quick enough for you but all I knew before was the military where a bonus just means more responsibility with no more pay.
You could always start doing botox for depressed patients wanting to look better...
www.ncbi.nlm.nih.gov
You could always start doing botox for depressed patients wanting to look better...
Botulinum Toxin Therapy for Psychiatric Disorders in Clinical Practice: A Retrospective Case Study
Inhibiting the facial expression of negative emotions via botulinum toxin A (BTX) has been shown to mitigate symptoms of clinical depression in randomized controlled trials. This retrospective case study sought to reproduce the beneficial effects of BTX ...
You could always start doing botox for depressed patients wanting to look better...
Botulinum Toxin Therapy for Psychiatric Disorders in Clinical Practice: A Retrospective Case Study
Inhibiting the facial expression of negative emotions via botulinum toxin A (BTX) has been shown to mitigate symptoms of clinical depression in randomized controlled trials. This retrospective case study sought to reproduce the beneficial effects of BTX ...
Is there a character limit here?
