I’m all for transparency and clear pricing, but as professionals, our skill scales with experience and talent. Same as lawyers or CEOs.
There are $500/hr lawyers and $2000/hr lawyers. Do we think skill in medicine is different somehow, and that we can flatten services into priceable elements?
Where does the value of true skill come into play?
Same question for CEOs. Why don’t we have price transparency and guardrails for all CEO comp?
I am saying this as an independent acute care doc who is publishing all of his prices transparently on our website.
But as a medical expert witness for legal matters, my rate has gone up over the last decade and is now far beyond any hourly rate I could earn practicing medicine.
Medicine as a profession has been skill-gutted. There’s no real economic incentive to be the best like there is for CEOs, lawyers, athletes etc.
If you had infinite money, and needed brain surgery, would you rather have a doctor who was the absolute best and most skilled and cost $100k for the surgery? Or not have that choice because the system is designed to make mostly just-good-enough neurosurgeons who will do it for $10k all day.
“Luckily,” ego in medicine fills that gap a bit—we want to be the best—but there are still skill gaps based on raw talent, hard work and experience…
Right now, if you are a 20+ yr seasoned ER doc, you get paid the exact same as a first year attending. The skill part doesn’t get priced.
Every profession has elite earners based on elite skill. Except medicine.
That’s weird.
FOR THE FIRST TIME IN 53 YEARS, THE KNICKS ARE NBA CHAMPIONS 🏆
New York defeats San Antonio 4-1 in the NBA Finals, capturing their third championship in franchise history!
@jasonryanmd I come from a no-name school and went to a decent community program. I work with people at top US-MD/Ivy League education. The fact that I’m even comparable, let alone have better reviews/performance than some of them really debunks a lot of notions with prestige etc imo
@georgetolisjr It’s really only worth for board passing rate and after a certain score, it’s not like a 265 is clinically or is most other metrics that much better than a 240. This is anecdotal but nonetheless, my point is that there are more meaningful ways to assess candidates aptitude etc
To all independent doctors. What percentage of your patients are in their deductible phase ? And what percent of those are getting care for less than their deductible?
Ins carriers know you take all the risk of payment. Time for that to stop
This is not a popular opinion. But true. When I explain that the average Pediatrician is earning less than a Buc-ee’s gas station manager, and the average surgical specialist earns around what a Walmart General Manager earns, then the idea starts to ring true. #txlege
@RojaGarimella In all fairness, GME collects millions of dollars and hoards it and barely shells out anything for these celebrations. I don’t blame the residents, but moreso greedy leadership who don’t *have* to care about resident wellness/compensation lol
Nah man they really gotta stop letting Malika Andrews & Taylor Rooks do these interviews lmaooo
Dudes turn into poets or philosophers EVERY time 😂 🤣