Sign in to follow this  
Followers 0
thepit

54.1% Overhead For Otolarngology?

8 posts in this topic

My friend sent me a link to a leaked AMA report regarding physician billings and I was really surprised to see Oto having one of the highest overheads at 54.1%. Endocrine was also listed as having an overhead of 55.9%. For comparison, specialties traditionally associated with high overhead like optha and diagnostic rads had overheads of 45% and 55% respectively. Anyone have an explanation for what's up with these numbers?

 

For those interested, here is the link to the article, report is at the bottom, with overhead numbers on page 8. http://news.nationalpost.com/health/leaked-report-offers-window-into-the-medical-one-percenters-and-growing-concern-over-md-pay-inequity

 

 

Share this post


Link to post
Share on other sites

wow what?? Mind blowing that there are specialities where the average NET (AFTER overhead) pay is ~700K for 6 specialities and 10 specialties make over 500K and 18 specialties make over 400K AFTER OVERHEAD in AB....average Family Doctor makes 250K AFTER OVERHEAD, am I missing something? Maybe because I didnt grow up with rich parents but how can anyone want more than 250K? What could you even do with all the money? you could have a household where only one person works, making 250K and that puts you in the top 1% of all Canadian families already..

 

no wonder Derm is so competitive....they make 800K after overhead....also hold up this is just govt billings...I know that derm can also earn money privately....does that mean they can make a total of 1 million+ per year after overhead...oh wow..

lulu95 and NutritionRunner like this

Share this post


Link to post
Share on other sites

Different provinces have different fee schedules.  AB physicians are among the better compensated in general - and clearly even more so in certain specialties.  AB was experiencing a lot of growth, although now it looks like it's a different situation.  Just because a specialty is or isn't highly re-numerated doesn't always have a direct effect on competitiveness.    

gsmith likes this

Share this post


Link to post
Share on other sites

Those numbers seem wayyyy higher than the ones posted on the CMA website. I wonder if Alberta has a lot of physicians who work in rural areas.

Share this post


Link to post
Share on other sites

The Respirology number is what shocked me a lot - I didn't know they were that well remunerated. 800k afteroverhead? Is this an Alberta thing specifically or is this an indicative average of respirologists across Canada

Share this post


Link to post
Share on other sites

Yea not buying those all those numbers. The data from AHCIP is on point but fails to account for private/sessional/academic/contract payments accurately. The overhead numbers are self reports from a possible very small sample size (how many respirologists were surveyed?). Not sure if im supposed to believe this more because its the news says "leaked."

JohnGrisham likes this

Share this post


Link to post
Share on other sites

wow what?? Mind blowing that there are specialities where the average NET (AFTER overhead) pay is ~700K for 6 specialities and 10 specialties make over 500K and 18 specialties make over 400K AFTER OVERHEAD in AB....average Family Doctor makes 250K AFTER OVERHEAD, am I missing something? Maybe because I didnt grow up with rich parents but how can anyone want more than 250K? What could you even do with all the money? you could have a household where only one person works, making 250K and that puts you in the top 1% of all Canadian families already..

 

no wonder Derm is so competitive....they make 800K after overhead....also hold up this is just govt billings...I know that derm can also earn money privately....does that mean they can make a total of 1 million+ per year after overhead...oh wow..

 

There are always ways to spend money, once you hit a certain income expenses can grow rapidly. Theres a huge luxuries market out there which i'm sure we all know. Just like how we ask how come businessmen keep chasing money even after they are multi millionaires? There always ways to spend money and if you can't theres always the next generation to think about. 

 

Realistically no one needs that much money, in fact 50k is enough to have a decent living in Canada, but there are ways to spend money for sure. Thats why even NBA stars sometimes go bankrupt. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0