How to Make More Money as a Family Physician

• #2

According to healthcaresalaryonline.com, the average bacon for a FM medico is $168,550 and the highest reported is $226.950. However, I've heard about some family medicine doctors making over $300K, the highest I heard was $600K. So I was wondering how they did this? Apart from living in rural areas, how do some family medicine doctors make over 300k?

Lots of NP/PAs, elective dermatology procedures (or actually, any procedures that pay well), endoscopy, moonlighting, OB.

• #three

Run a big fm/urgent care clinic. Utilize PA's. Detect a niche and exploit it.

• #5

I've heard of pretty incredible salaries for FPs in rural, somewhat unpopular places to do. I'm certain they were also doing a lot of OB, ER shifts, procedures, etc. just I figured some function of that was just so that they could get a doctor in town.

• #6

Build a practice, aggrandize ridiculously over a brief period of time, mortgage everything, speculate fabulously on things like in-firm CT/MRI, US, nuclear stress tests, railroad train and be certified to do in-house endoscopy AND hire a bunch of PAs/NPs and open an urgent care middle. Helps if you're in the southward and your family name had brand-recognition and you've just described one of my (erstwhile) supervising physicians...who I would not be at all surprised to know made $1 mil/yr if not more. Surprised this guy has time to still come across his own pts....

• #12

If in private do, a expert coder will make yous or suspension you lot. Some of the best practise models I have seen has an employed coder who works on salary/commission model. This ways that they go a small percentage bonus at the stop of each fiscal year on collections. YMMV though.

• #16

IMO, a physician who learns to lawmaking properly will outperform a "professional coder" every fourth dimension. Most of them are way besides conservative.

I have non mastered this art yet Though my numbers announced to wait skilful on reports typically.

• #21

As a hospitalist, I do my own billing subsequently each meet note. I take a iPhone app I got on sale for 10 dollars that pretty much lays out the documentation criteria for various coding levels. We get a pretty big percentage of "sick people" and I run into quite a few more 99232 and 99233 hospital f/u and not many 99231. The question I have is how important is it to have a bell shaped billing bend in the environment of the gov't trying to compensate money due to increasing cost and declining revenues. That said if I have to spend 30 to 45 minutes on a pretty seriously sick patient in my mind that is a 99233. Either mode it's non to tough to hit the criteria for coding at a certain lawmaking level. I attempt to do what I think is right in terms of billing merely the thought of some gov't worker who makes a living trying to recoup money taking out a magnifying glass is a little disconcerting regardless.

Last edited: Sep 30, 2011

smq123

John William Waterhouse

• #24

- Meet <xx patients in an viii-hr. day because y'all're "oh-and then-methodical and spend time with your patients" (read: inefficient)

How many patients do you lot typically come across in a solar day? Some of the jobs that I've looked at say that their providers usually run across 24-28 pts. in a regular day.

• #26

That's almost right. I typically see 20-25 in an 8:15am-4:30pm solar day with a scheduled suspension for lunch from 12:45-i:45 (15-minute appointments for well-nigh, 30-min. for new patients and physicals - max of five of those per day). If my schedule is full, and they're all xv-min. appointments, I could see up to 30 (not counting any work-ins), only that starts to get a little painful.

Are you able to get all of your charting done during that time or practice you complete your charts after hours?

Reason I ask is that I piece of work in an FP/resident dispensary 1/2 24-hour interval per week for my internship. I like to go a pt's chart washed before going onto the next pt but I observe myself falling behind schedule. Seems like most of my colleagues spend a few hrs everynight doing charts if they don't complete them in the room. Granted, I have a one/2hr per pt, merely it would seem impossible to do this if I had to come across 4 pts an hr similar the senior residents.

Terminal edited: Nov 21, 2011

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Source: https://forums.studentdoctor.net/threads/how-do-family-medicine-doctors-make-over-300k.845958/

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