tag:blogger.com,1999:blog-18943510.post3544475639146861663..comments2023-08-21T02:57:37.362-05:00Comments on Dr. Wes: Lawyers Say the Darnedest ThingsDrWeshttp://www.blogger.com/profile/17438019699222125477noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18943510.post-23375200578492935012009-04-16T11:40:00.000-05:002009-04-16T11:40:00.000-05:00Anony-
There are pros and cons to private practic...Anony-<br /><br />There are pros and cons to private practice vs employed models. With private practice there is generally more risk but, as you mention, potentially more financial reward. But these days with declining reimbursements to physicians in general, the decline in revenue must be offset by increased number of patients seen. Established practices in affluent areas still due well, but DrWeshttps://www.blogger.com/profile/17438019699222125477noreply@blogger.comtag:blogger.com,1999:blog-18943510.post-39943170509930208912009-04-16T07:07:00.000-05:002009-04-16T07:07:00.000-05:00Could you explain something to me, an ordinary pat...Could you explain something to me, an ordinary patient who's neither an MD nor a JD? I have a medical condition and get treated by several physicians (all specialists in various fields) at your institution. Some belong to the medical group, some are independent practioners. The IPers do not accept my insurance (but will file it so I eventually get something remitted although I have to pay up Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18943510.post-88802417708244269022009-04-15T19:34:00.000-05:002009-04-15T19:34:00.000-05:00#1 Dinosaur-
Interesting that you denigrate your ...#1 Dinosaur-<br /><br />Interesting that you denigrate your income from $300/hr to $200/hr -> taxes would eat up about 35% of your $240K, leaving you with $156K (admittedly, in the ballpark of current wages for many internists). As noted above, a "lowly" web developer makes $150/hr and junior law partner makes $395/hr here in Chicago while a senior law partner makes a whopping $595/DrWeshttps://www.blogger.com/profile/17438019699222125477noreply@blogger.comtag:blogger.com,1999:blog-18943510.post-3091909131730357242009-04-15T14:24:00.000-05:002009-04-15T14:24:00.000-05:00Billing by the hour is exactly the solution I prop...Billing by the hour is exactly the solution I propose (or plan to, in my next book.) Here's my formulation:<br /><br />$100/hour/year of training after medical school.<br /><br />That means my charge should be $300/hour, or $30 for 6 minutes. That may actually be a little rich for my geographic area, so I'd probably settle for $200. That would mean $50 for a 15 minute follow-up visit, #1 Dinosaurhttps://www.blogger.com/profile/01357845504444464397noreply@blogger.comtag:blogger.com,1999:blog-18943510.post-26504118626713102512009-04-15T11:46:00.000-05:002009-04-15T11:46:00.000-05:00But lawyers bill in increments of 6 minutes. That...But lawyers bill in increments of 6 minutes. That means $20/6 minutes. That would put the cost of a brief follow-up visit at $20-40. On the other hand, most docs would not take $400 for 2 hour in the OR. Lawyers don't have the variation in settings that you get with physicians (and you seldom need to get a lawyer urgently on nights and weekends except for some criminal matters).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18943510.post-1555485987337455112009-04-15T10:30:00.000-05:002009-04-15T10:30:00.000-05:00Doc, I'm just a lowly web developer and I bill $15...Doc, I'm just a lowly web developer and I bill $150/hr. You guys should be making multiples of that.Anonymousnoreply@blogger.com