Out of curiosity, what are people's RVU targets for non-80/20 research academic jobs?
Was 7.5 fifty percent?
Out of curiosity, what are people's RVU targets for non-80/20 research academic jobs?
What does hitting or not hitting the target mean for you situations?
What does hitting or not hitting the target mean for you situations?
How common is a capped bonus in academics? To me that makes zero sense but I guess admin gets to live for free if you hit your cap.
The problem with unlimited $/RVUs in academics is that people start fighting for patients and not doing any research.
One (easy) answer is in situations where the pp is freestanding and they're splitting up the global instead of just professional. Someone above mentioned transparency, and I think this is key. It is actually good in a department if everyone knows what everyone is making IMHO.Why do academic departments pay so little compared to pp? Is the simple answer “because they can?” When chairs are making 1 million dollars in some places, theres no room to do right by your docs?
Places like Stanford, UNC cannibalize new grads among many others, sad state of our field.
You know... There is something to be said about the "eat what you kill" model. It isn't as bad as it sounds or always as bad as people make it out to be (in the right situation) and really works well when partners aren't in sync with each other.Something tells me not all departments care if that happens...
Why do academic departments pay so little compared to pp? Is the simple answer “because they can?” When chairs are making 1 million dollars in some places, theres no room to do right by your docs?
Places like Stanford, UNC cannibalize new grads among many others, sad state of our field.
The problem with unlimited $/RVUs in academics is that people start fighting for patients and not doing any research.
So then do you stop seeing patients the rest of the year?Hmm OK I guess that makes sense. My plan would be to do just enough work to hit my cap without going over and if the department is OK with that then I guess that's OK.
Correct. Not only just other departments, other rad oncs treating less lucrative disease sites.Also in an academic job the reality is some of the money you generate is being used to pay for other departments. You’re signing up to work for a hospital.
Private practice can get grants. Not many but some do. Two groups come to mind-Dan Petereit in SD and the Wilmington NC group each have grant funding to perform research.
Haven't some of the largest RTOG enrollers been large pp groups like the one out in Arizona? In addition to the academic centers obviously. I know some of the large med onc groups and those with uson also run clinical trials and we are currently looking into running some industry sponsored clinical trials at our practiceNot to nitpick, but some private practices also do research: we have research nurses/assistants, etc. We don't have to subsidize large labs/non-clinical docs, but we also don't get grant money which would go towards that.
My guess would be industry/pharmaWhat mechanism? I can't imagine NIH doing that. I guess I could see industry or foundations doing it in rare circumstances, especially for someone well connected.
Haven't some of the largest RTOG enrollers been large pp groups like the one out in Arizona? In addition to the academic centers obviously. I know some of the large med onc groups and those with uson also run clinical trials and we are currently looking into running some industry sponsored clinical trials at our practice
What mechanism? I can't imagine NIH doing that. I guess I could see industry or foundations doing it in rare circumstances, especially for someone well connected.
I think the other thing that deserves mention (again) is that academics are not always as badly paid as it might appear at first blush. The reported data is often base salary. I know where I trained the base was very low (low $200s for assistant professors) but their bonuses were frequently high 5 to low 6 figure. Add on all of the other incentives and you are talking real compensation in the neighborhood of high 300s for 60% clinical effort as assistant professors and low-mid $400s as associates.
I'll be transparent. My base last year was $335. Bonuses totaled $35 (so we are up to $370). Our 401K is stupid high: 2:1 company match up to 15.95% so they end up kicking in the IRS max which is just shy of $33 (now we are a little over $400). I don't count it as real money but I have great health care for my entire family and the hospital pays 100% of the premium. For 50% clinical effort as a relatively new grad (starting year 3) may pay is really not that far off from what I could expect in many PP situations these days. I certainly have a lower ceiling in the long run, but I am not hurting by any stretch.
Agree. Very nice considering clinical workloadThat's a really good base salary especially for 50% clinical at 3 years out based on what I've heard anecdotally. I've heard of multiple base salaries lower than that (ignoring the bonus, 401k, and benefits) for 80% (or 100%) clinical, especially for a new grad.
So then do you stop seeing patients the rest of the year?
That's a really good base salary especially for 50% clinical at 3 years out based on what I've heard anecdotally. I've heard of multiple base salaries lower than that (ignoring the bonus, 401k, and benefits) for 80% (or 100%) clinical, especially for a new grad.
Ideally I'd look at my monthly RVU output and adjust how willing I was to fill up my schedule to the brim in regards to hitting my cap bonus. What's the incentive to work hard and see and treat a ton of patients if the bonus is capped? Somebody else in the department (or outside the department) can see them.