7 Reasons Why Becoming a Partner at a Medical Practice is Overrated

Most grads I’ve interviewed, are interested in learning how the partnership works in our medical practice. I’ve always thought this was a crazy question; especially during the initial stages of getting to know the people and the practice. This is the equivalent of asking a girl on a first date:  “How long do we have to date before I can become your husband?” Crazy, right? Anyway, regardless of how crazy it sounds to me, young physicians are very interested in this topic. So I wanted to give you a little behind the scenes of what it means to become a partner at a medical practice. 1 – There isn’t a pot of gold at the end of the rainbow Most young physicians want to become a partner for the money. The assumption is that once you become partner, rivers of cash will flow into your bank account. The truth is, there is NOT a pot of gold. Most pediatric practices are poorly managed. Moreover, in primary care, you are only as rich as the amount of (cough, private, cough) patients you see in day. Many pediatricians do make a very good living, but not by merely becoming a partner; but rather as a result of their understanding of the business.  2 – Partnership does not give you control automatically Becoming a partner may give you some control, but more often than not, it is an illusion. Despite what the senior partner has told you, you’re a young, unproven whipper-snapper. And most senior partner(s) are hard-headed. They’ve managed their prac...
Source: Pediatric Inc - Category: Pediatricians Authors: Tags: Employee Leadership The Business of Medicine Source Type: blogs