Would anyone be in surgery if you were paid nothing or below minimum wage?
Give me the honest truth.
Give me the honest truth.
BA-AR said:Would anyone be in surgery if you were paid nothing or below minimum wage?
BA-AR said:As am finishing surgical residency, the job market for surgeons and all of health care is getting worse and worse.
I am being told its because insurance reimbursement is going down (i.e. hernia repair = $200.00, appe=$175.00 -$225.00 ). For all of the training and the hard work away from family and friends, its not worth it.
I looked up the top paid CEO in the country, 3rd highest paid is CEO of United Health with 124.8 million.
Is there something wrong with this picture?!
William W McGuire
Total Compensation: $124.8 million (#3)
5-Year Compensation Total: $342,284,000.00
William W McGuire has been CEO of UnitedHealth Group (UNH) for 14 years. Dr. McGuire has been with the company for 17 years.
Education
College: University of Texas Austin BA ' 70
Graduate School: University of Texas Medical Branch Galveston MD ' 74
bigtimesmally said:Interesting. Can you tell us why more specifically why is not worth it? Are you finding that surgery is not exactly a love but just a job now? Because, I'm having second thoughts and am not sure if it's worth it either. The compensation just isn't there. How about doing a fellowship?
bigtimesmally said:Interesting. Can you tell us why more specifically why is not worth it? Are you finding that surgery is not exactly a love but just a job now? Because, I'm having second thoughts and am not sure if it's worth it either. The compensation just isn't there. How about doing a fellowship?
cdql said:I hear from others all the time that you should pick something you enjoy so that even if the money disappears, you'll still enjoy going to work every day.
I think it's nice advice but unrealistic. I think I would be much happier having picked my 2nd choice specialty and maintaining a level of pay that I am comfortable with and aware of rather then picking my 1st choice specialty and having to deal with an uncertain pay cut later on.
It is nice to be idealistic and to pick something because you truly love it, but ultimately, everything boils down to a job. There are bills to pay, children to feed, etc... etc... and if your desired field cannot provide for those things, it might be better not to enter it.
I think that is it both sad and ridiculous that surgeons have to go to college for 4 years, med school for another 4 (while paying chunks and chunks of tuition), residency for another 5 (while working for paltry pay at 80 hours a week) and still have to be afraid that all their hard work might not provide for a livable salary.
bigtimesmally said:I won't mind the long training, the less than desirable lifestyle, and the late night calls if the compensation was there. Otherwise, it seems life is too short to put yourself through such nonsense.
drpectin said:Nonsense? I don't understand. Why even engage the discussion?
Speaking as someone who is starting a career in surgery, I can't comment on the difficulties encountered in training. But ALL medical students know the sacrifice required to enter the field of surgery or medicine in general.
But if its nonsense, why even enter clinical medicine? Why not business or big pharma?
BA-AR said:As am finishing surgical residency, the job market for surgeons and all of health care is getting worse and worse.
I am being told its because insurance reimbursement is going down (i.e. hernia repair = $200.00, appe=$175.00 -$225.00 ). For all of the training and the hard work away from family and friends, its not worth it.
I looked up the top paid CEO in the country, 3rd highest paid is CEO of United Health with 124.8 million.
Is there something wrong with this picture?!
William W McGuire
Total Compensation: $124.8 million (#3)
5-Year Compensation Total: $342,284,000.00
William W McGuire has been CEO of UnitedHealth Group (UNH) for 14 years. Dr. McGuire has been with the company for 17 years.
Education
College: University of Texas Austin BA ' 70
Graduate School: University of Texas Medical Branch Galveston MD ' 74
Medicine is much more than the money. I love to operate, I love to take care of my patients. I don't love all the crap surrounding it all. I guess we think the compensation will somehow make up for the crap when we're not at the hospital. Hopefully that's right.
For minimum wage I would not:
go into $200,000 debt
be on 24 hours/day
be open to lawsuits
do 4 years of college
take the MCAT
apply to medical school
pray i got in
attend four years of medical school
take 3 steps of the USMLE
interview at a bunch of places
do 5 years of painful residency
prepare and take the ABSITE every year
take written and oral boards
be constantly available
do surgery again
don't mean to be a downer. just being honest
pej933 said:What are the compensations these days?
drpectin said:You not being a downer. I mean you've honestly arrived at this opinion. The good part seems to be that you still find some good in the field. No one likes the crap one has to deal with, but then all professions have to deal with some crap. Right now the pendulum is swinging to one side for medicine.
Not everyone can be a CEO. Not everyone can be a physician. Residents may work at a minimum wage rate, but its still better in my opinion than working in a warehouse (you obviously disagree).
And its not like you have to keep doing surgery if you don't want to. I know of two people who have left surgery residencies to go into corporate america and are quite successful. The point is do what you like - why suffer in a field you resent? How can you do that for 20+ years?
Not entirely true. Big city compensation is certainly lower than smaller communities. So if you would have to have higher volume in a large city to get the same level of compensation. And malpractice is typically higher in those large communities as well. Those compensation numbers are usually figured AFTER overhead like malpractice.BA-AR said:These numbers are right, but you have to remember that the surgeon has to do large volume of surgery to get to this level and most surgeons who have large volume of cases have malpractice insurance in the range of $60,000.00 to over $100,000.00.
FliteSurgn said:Not entirely true. Big city compensation is certainly lower than smaller communities. So if you would have to have higher volume in a large city to get the same level of compensation. And malpractice is typically higher in those large communities as well. Those compensation numbers are usually figured AFTER overhead like malpractice.
As a general surgeon leaving the Air Force for the private sector, I can attest to the existence of a fairly robust market for general surgeons. In my case, I had multiple offers in communities with populations ranging from over 1 million to less than 10,000. Starting salaries were 160-400k with a usual 1 year guarantee. In my chosen practice, after overhead, I will make over 200k the first year. The other general surgeons in the practice make between 450k and 750k depending on how busy they are. In a large midwestern city, my malpractice will be $11k per year which includes bariatrics.
bigtimesmally said:Wow. That's definitely reassuring. I think all we ask as future physicians is that we get compensated accordingly for our hardwork. That's all. It's not greed or selfishness, it's simply being rewarded for all the hardwork and sacrifice that majority of people wouldn't and couldn't undertake.
tripod said:I'm currently a 3rd year resident and my answer would be "hells no" would I do it again
do the math
compensation for a lap chole $250-500
one complication lawsuit - $100k-$5mil
that means doing 200-2000 lap choles to make up for one mistake
of course most if not all have malpractice insurance but it still sucks thinking about it
but then again, i'm a jaded resident who is currently doing 6 months of trauma so take my advice with a grain of salt.
that's why i'm shooting for plastics now. The lawsuits are there, but the compensation is high enough to decrease the benefit to liability gap.
zambo said:not to be crass, but i don't know what some people are talking about or what kind of surgeons they know. but every single surgical attending i know makes more than enough money to live very comfortably. enough to pay back their loans, buy a nice home, buy nice cars, send their children to private schools if that's what the want, etc. and these are attendings a few years out of residency. i hope people weren't expecting to live a Donald Trump lifestyle once they became surgeons and this is what they're comparing it to.
Dr. Z said:I am a long time lurker with infrequent posts. In fact, I started looking in on this forum when Dr. Cox was a medical student.
That aside, I could not let this topic go without input. I am 2 years out from a Surgical Critical Care fellowship and I work at an academic institution. I have friends in various parts of the country in different practice styles. The compensation ranges from $150k to over $500k per year. Most of my friends are in private practice general surgery and they make a very comfortable living. Call averages q4-6 and none of them have been sued (yet).
For me, I am very happy with my job. I love what I do. But, if someone had asked me when I was a third year resident I would have told them the same thing that some of the people responding to this post are saying. I was not sure I wanted to go on with residency at that point. By the time I was a chief resident, my perspective had started to change. In fact, I would repeat my chief year without pay. That is how much I enjoyed it. (I would only want to repeat it once, though!)
Having said that, we all know that surgery is hard. Learning to take care of patients and to operate on them is hard. The 80-hour work week will not change this basic fact. For me, the post training period has been awesome. I work with interesting people. I look forward to going to work. I do not despise call. In fact, I enjoy the challenges I face when I am on call. I make a great living. Sometimes I can not believe that I get paid for doing this. Would I do this for free or minimum wage, maybe, but only for a short time. I have family responsibilities and I need to be able to provide for them. A better question might be: "would you be willing to do this if you won $30 Billion in a lottery?" Again, my answer would be yes, with no reservations.
bigtimesmally said:Well, if I would be shooting for a fellowship anyways. Particulary, Hand is very attractive to me as is CT surgery, Head and Neck, and Cosmetic. There is a lot of variety there, so, specialization will give better compensation and better hours.
Pilot Doc, based on your years in practice, are you aware of the compensation for the surgeons who have completed various fellowships such as above?
Pilot Doc said:I can't tell if you're being facetious. (I'm still a resident) Compensation is hard to pin down. There are surveys out there, but for a number reasons docs - especially successful docs - are unlikely to fully disclose their income. So the surveys probably underplay the difference between high and average earners. I've attached one example.
I'm guessing you're a pre-med or med student. The fields you list are far flung and are best approached from four separate residencies. (CT- gen surg, H&N - ENT, Hand - ortho or plastics, Cosmetic - plastics) They're also not all particularly lifestyle friendly - CT has notoriously long and unpredictable hours, and hand has it's share of emergencies.
bigtimesmally said:I'm a med student. I'm just trying to be as informed as possible. I'm familiar with the surveys but wanted to get the perspective of someone already in practice who has more real wold knowlege Thank you, by the way.
BA-AR said:You dont get it; I am talking to general surgeons and some sub-specialist who after malpractice and overhead, are taking home $70,000.00 to $125,000.00 before income tax.
I do not see where it is adding-up, after 4 years of college, 4 years of medical school, 5 to- 7 years of surgical training. For what!!
To ran to hospital for lap appe. At 2a.m., and find out the patient has no insurance, and if he/she is UN-happy with your care. There are hundreds of lawyers, which had a good night sleep, ready to take his/her case.
Then the Joke does not end there, even if you do not loss the lawsuit, your malpractice goes up!
mysophobe said:If you're going to be a surgeon just for the money, you're an idiot. Plain and simple.
zambo said:believe me I get it. i don't know what surgeons you're "talking to" who only make $70K before tax.
well don't you think you should have known these were the risks and sacrifices that came along with being a surgeon? didn't you realize it when you were doing your 3rd year surgery rotation? did you expect them to just pay you $500K per year, let you be home by 5pm every night, and never have to bother answering to patients and their lawyers? is that what you thought being a surgeon was? it seems like it's you who still doesn't get it: the golden age of medicine is long over.
drpectin said:the academics appear to enjoy their work more
Pilot Doc said:Why else would you take a 25-75% pay cut?
mysophobe said:If you go into surgery expecting to work a 40 hour week for half a mil. a year, you're an idiot.
cdql said:And should go into derm j/k
iliacus said:How much do surgeons make? My classmate who was a surgical tech told me they make around 250K/year...She said that was after taxes. Seems kind of high. Is she right?
BA-AR said:Example:
One surgeon bills the insurance companies and Medicare/Medicaid for $780,000.00 but only collects 28% to 32% of his/her billing, which translates to $249,600.00.
Malpractice = $70,000.00/year
Overhead = @$80,000.00/year (office rent/office manager/and other office staff) sharing with other partners
$249,600.00 ($70,000.00 + $80,000.00) = $99,600.00
Income Tax @35%
Take home = $64,740.00
BA-AR said:Example:
One surgeon bills the insurance companies and Medicare/Medicaid for $780,000.00 but only collects 28% to 32% of his/her billing, which translates to $249,600.00.
Malpractice = $70,000.00/year
Overhead = @$80,000.00/year (office rent/office manager/and other office staff) sharing with other partners
$249,600.00 ($70,000.00 + $80,000.00) = $99,600.00
Income Tax @35%
Take home = $64,740.00