Most Hated Man in America

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niss_sl

shitlord
281
1
Is anyone actually in medicine here? I'm months away from finishing a family medicine residency in Canada. Most doctors in Canada are paid for "fee-for-service". The average billing form province to province ranges but the median family doctor as an example bills 230k/year. An average doctor working a ~40hr/week in Alberta can bill about 300,000. You can pad that a bit with private stuff like notes and insurance forms. You subtract overhead (on average 30%) from that and you get about an average gross pay of ~200k. But that does not include insurance or pension which you are in charge of paying for yourself.

It's goodmoneybut then again I'll be walking out with about 180,000$ in debt and 10 years of education which is an immense opportunity cost.
Contrast that with my partner, who got a bachelors and thenworkedfor his CA for a couple of years for essentially half the opportunity cost. He makes low 6 figures and will probably max out somewhere 150-200k/year with experience. The bonus part is that the job secures a defined-benefit indexed pension, healthcare and the job is generally less stressful. There are days when I can't even check my text messages due to the work demands.

No one goes into medicine for the money, because there are far better ways to achieve that goal.
 

Cad

<Bronze Donator>
24,487
45,377
Is anyone actually in medicine here? I'm months away from finishing a family medicine residency in Canada. Most doctors in Canada are paid for "fee-for-service". The average billing form province to province ranges but the median family doctor as an example bills 230k/year. An average doctor working a ~40hr/week in Alberta can bill about 300,000. You can pad that a bit with private stuff like notes and insurance forms. You subtract overhead (on average 30%) from that and you get about an average gross pay of ~200k. But that does not include insurance or pension which you are in charge of paying for yourself.

It's goodmoneybut then again I'll be walking out with about 180,000$ in debt and 10 years of education which is an immense opportunity cost.
Contrast that with my partner, who got a bachelors and thenworkedfor his CA for a couple of years for essentially half the opportunity cost. He makes low 6 figures and will probably max out somewhere 150-200k/year with experience. The bonus part is that the job secures a defined-benefit indexed pension, healthcare and the job is generally less stressful. There are days when I can't even check my text messages due to the work demands.

No one goes into medicine for the money, because there are far better ways to achieve that goal.
For family practice/primary care thats probably true, for specialists they can end up multi-millionaire wealthy before they are 40. My pain doctor brother in law makes $650k/yr right now and is talking about changing jobs to more of an eat what you kill structure where the low end is $700k and the high end is $1M+. He's an employee of a big hospital right now.
 

Ishad

Ahn'Qiraj Raider
4,739
4,520
Is anyone actually in medicine here? I'm months away from finishing a family medicine residency in Canada. Most doctors in Canada are paid for "fee-for-service". The average billing form province to province ranges but the median family doctor as an example bills 230k/year. An average doctor working a ~40hr/week in Alberta can bill about 300,000. You can pad that a bit with private stuff like notes and insurance forms. You subtract overhead (on average 30%) from that and you get about an average gross pay of ~200k. But that does not include insurance or pension which you are in charge of paying for yourself.

It's goodmoneybut then again I'll be walking out with about 180,000$ in debt and 10 years of education which is an immense opportunity cost.
Contrast that with my partner, who got a bachelors and thenworkedfor his CA for a couple of years for essentially half the opportunity cost. He makes low 6 figures and will probably max out somewhere 150-200k/year with experience. The bonus part is that the job secures a defined-benefit indexed pension, healthcare and the job is generally less stressful. There are days when I can't even check my text messages due to the work demands.

No one goes into medicine for the money, because there are far better ways to achieve that goal.
Procedure based medicine makes a shitload more in the US. Rad, ortho, anthesiology and derm (ROAD to success) are the big money makers

My wife is in peds and her salary is based on the expectation of around $560k collected which is probably around $800k billed. Overhead is much higher here so for typical peds practices it is closer to 60%
 

niss_sl

shitlord
281
1
Procedure based medicine makes a shitload more in the US. Rad, ortho, anthesiology and derm (ROAD to success) are the big money makers

My wife is in peds and her salary is based on the expectation of around $560k collected which is probably around $800k billed. Overhead is much higher here so for typical peds practices it is closer to 60%
As in pediatrics? There is no money in pediatrics so maybe you're misunderstanding things.
Procedural specialties, make a lot more no doubt about that. They also likely have an extra 3-5+ of schooling than that of a primary care physician. After a certain number, your incremental earnings become less and less after tax. I was merely trying to make a comparison of what can be done with schooling in non-medicine. An extra 5-10 years of earnings and a defined pension outdoes most physicians over time.
 

ValkyrieIATD

Silver Knight of the Realm
461
185
My buddy has been watching Shkreli livestream for the past few weeks and is convinced he's going to kill himself, possibly in a blaze of glory. He said his demeanor and rhetoric is almost identical to the Isla Vista killer, this douchenozzle:

 

Jive Turkey

Karen
6,615
8,756
My buddy has been watching Shkreli livestream for the past few weeks and is convinced he's going to kill himself, possibly in a blaze of glory. He said his demeanor and rhetoric is almost identical to the Isla Vista killer, this douchenozzle:
I don't know. Seems to me like he's intentionally trolling everyone. He was on a radioshow recently and came off as completely rational. His tweets and streams about losing $15 million to 'daquan' were obviously just him trolling the media and getting them to pick up on a fake story
 

Ishad

Ahn'Qiraj Raider
4,739
4,520
As in pediatrics? There is no money in pediatrics so maybe you're misunderstanding things.
Procedural specialties, make a lot more no doubt about that. They also likely have an extra 3-5+ of schooling than that of a primary care physician. After a certain number, your incremental earnings become less and less after tax. I was merely trying to make a comparison of what can be done with schooling in non-medicine. An extra 5-10 years of earnings and a defined pension outdoes most physicians over time.
Yes pediatrics. Don't think I'm misunderstanding. She bills insurance around $100,000 a month and collects between $50k to $70k a month. The senior partners in her practice are collecting closer to $120k a month.

Defined pension? You crazy Canucks. America scrapped those years ago.
 

Palum

what Suineg set it to
23,154
32,726
Yes pediatrics. Don't think I'm misunderstanding. She bills insurance around $100,000 a month and collects between $50k to $70k a month. The senior partners in her practice are collecting closer to $120k a month.

Defined pension? You crazy Canucks. America scrapped those years ago.
That seems high unless she's like a child oncologist or takes care of rich kids in San Fran or something.

100K/mo would be roughly 23K/week billable which means she's doing 4.5K a day. That seems really hard without double booking all appointments.
 

niss_sl

shitlord
281
1
Yeah that doesn't sound right otherwise Canadian pediatricians would be FLEEING Canada for that kind of money. You're making shit up.
 

Lendarios

Trump's Staff
<Gold Donor>
19,360
-17,424
Fleeing Canada? where are they going to go?

The Canada degree means nothing in the USA, you still have to go to the Step and residency program.
 

Mist

Eeyore Enthusiast
<Gold Donor>
30,274
22,008
Daquan lol.

I bet this guy is an SA forum goon and this is all some elaborate prank.
 

niss_sl

shitlord
281
1
Fleeing Canada? where are they going to go?

The Canada degree means nothing in the USA, you still have to go to the Step and residency program.
There's lots of reciprocity between the systems. As an example, most surgical specialties other than ENT/neurosurg have reciprocity. And if trainees knew they would make this magical 3-4x higher income in the states they would do the step exams. But that's ok. It's the internet and people make whatever they want to make and can be whatever they claim to be.
 

AladainAF

Best Rabbit
<Gold Donor>
12,846
30,787
Pediatrician Salary - How Much Do Pediatricians Make?

I dunno, seems like good money.

Wiki_sl said:
How much does a pediatrician make? The U.S. Bureau of Labor Statistics (BLS) says the median hourly wage of a general pediatrician in 2012 was more than $74 an hour, or nearly $155,000 a year. Most pediatricians work in private physician offices and deal with fairly long work days and demanding schedules. However, working conditions vary widely across settings and employment situations.

Among medical specialties, pediatrics pays in the low end, although the income is still substantial. Medscape's Pediatrician Compensation Report: 2013 says the average pediatrician salary is $173,000 a year. The Profiles Database Physician Salary Survey reports the salary of pediatrician subspecialties is higher, ranging up to $395,000 a year for starting pediatric orthopedic surgeons.