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booradley83

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Everything posted by booradley83

  1. booradley83

    GP hospitalist job market

    On average $1200-1500 per shift after overhead which is minimal/zero. They are a dying breed though ......
  2. booradley83

    GP hospitalist job market

    The name of this thread is GP HOSPITALISTS!
  3. booradley83

    GP hospitalist job market

    The the numbers here are reasonable. I’m ‘rude’ because people who are residents shouldn’t be talking and spewing numbers without real world knowledge.
  4. booradley83

    GP hospitalist job market

    And on top of that, don’t ever mention the word ‘easily’ as a resident with 0 real world experience. What is ‘easily?’
  5. booradley83

    GP hospitalist job market

    So how is 3-5k relevant to this thread? I'm an actual attending practicing outpatient FP in the GTA; you are a resident. When you post numbers, that's like me saying that I bill easily 2000-3000k on the weekend. If I see 50-80 patients on the weekend, that's my billing. IS THAT IN ANY WAY RELEVANT TO AN OUTPATIENT FP PRACTICE? Why don't you give an idea as to how an average hospitalist does in the GTA or whatever area you are referencing; with average numbers for the month/year with the number of shifts?
  6. booradley83

    fam med vs gen dent salary

    It's NEVER after income tax..........he/she is referring to income minus overhead.................
  7. booradley83

    fam med vs gen dent salary

    Nice, THIS is how you make money in FFS model..............working hard, diversifying, and willing to do other things to maximize income. Our top doc grosses roughly 40k monthly also, nets around 30k as well.............but he works roughly 5-6 days a week and sees a lot of patients............can be done, but a little tiring in a FFS model.
  8. booradley83

    fam med vs gen dent salary

    That's amazing; how big is your practice? How many hours and what type of payment model is it?
  9. booradley83

    fam med vs gen dent salary

    Again; the average means nothing; the median is more relevant...............regardless; talking to dozens of GP's in the GTA; the average is nowhere near 30k monthly................anybody billing 30k and up is a superstar.......................maybe different in rural areas..........or areas outside of GTA.......................
  10. booradley83

    fam med vs gen dent salary

    360k - 30% is 252k minus licensing/malpractice etc. That puts you at 245 according to your data; take home isn't 210 out of 245(pre-tax). Do your legwork lady.............Ontario has one of the highest tax brackets; if you take 245k and don't save anything in the corporation; your take home will be $150k ish................after taxes......... And I find it highly unlikely that the AVERAGE GP is billing 30k per month EVERY month..............but let's take your numbers at face value..........maybe it's just the cluster I'm in; but 30k is definitely not average in GTA....... FYI - GP's average $275k in billings which is much more reasonable and AVERAGE: HERE'S THE LINK: https://www.theglobeandmail.com/canada/article-ontario-court-ruling-on-doctor-billing-should-spark-broader-debate-on/ The data LittleDaisy is talking about is for ALL PHYSICIANS in Ontario...........not GP's................ 275 minus overhead and taxes puts you at 125-150k post-tax.............
  11. booradley83

    fam med vs gen dent salary

    The data puts FM income around $210k on average NET after over-head.................again; that varies widely depending on type of practice, walk-ins, hours, overhead, etc.
  12. booradley83

    Income and Lifestyle

    Considering that most docs want to life in an area such as Toronto or Vancouver..............................or at least most of the people that I know; how is it really possible to afford a decent lifestyle on an ABOVE-AVERAGE family doctor income? Say I bill $350k, that's ABOVE- AVERAGE...............take home after a 25% overhead, and minus fees/licensiing/malpractice is ~250k PRETAX-. Post-tax I'm looking at $153k or $12.5k per month: Expenses: 1. Considering that even a 1/2 livable POS house is $1 million - that's $4500 in mortgage payments 2. Fixed costs - Utilities/insurance/property taxes/car insurance/payment - $3k - This assumes 2 reasonably nice cars for a husband/wife couple. 3. Spending money - $2000 (THIS IS EXTREMELY FRUGAL FOR MOST DOC FAMILIES) 4. Savings - $2000 And this isn't even including things like childcare/vacation/RRSP etc................ Is it just me, or does it seem like 12.5k ISN'T MUCH AT ALL NOWADAYS...............
  13. booradley83

    Income and Lifestyle

    You'd be surprised how many FHO physicians are getting capitation payments of 10-20k monthly; and not much else outside of this.
  14. booradley83

    Income and Lifestyle

    Yes, everybody can be more efficient in billing. Moving 20 minutes outside the GTA definitely has opportunities; but preferences in where you want to practice matter. Also, the traffic in the GTA is horrendous; my first job, I was living in Mississauga and commuting to Brampton..............the commute was 35-40 minutes during my travel times.............so factoring in living area, schools, family, friends and location matter.................it's not just a matter of 'go outside the GTA 20 minutes.' The GTA is a huge area......................... FHO's are probably a better deal in smaller communities; I know several FHO physicians in the GTA; their rosters are kinda stable; but the fact that everybody uses walk-in clinics hurts the capitation amount..........................honestly, income for FHO's vs non-FHO's, at least in the GTA isn't that different...............non-FHO's might even win out if you work hard.............. Lastly, 25% overhead is on the lower end for the GTA currently................30% is more the norm............also with the new salary increases and minimum wage; that overhead is actually on the rise....................................so it's a tough market; definitely leaving the GTA would solve a lot of the pressures, financial troubles, etc................but family/friends play a HUGE role in where you work/live...........
  15. booradley83

    Income and Lifestyle

    The average family doctor in my group; and in my network is billing 300-400k annually........................the ones who are billing 400k annually are doing things that I DON'T WANT TO DO............I'm not interested in seeing 40-50 patients day in and day out.....................for 51 weeks a year.................... I see about 35-40 patients; and I work about 48 weeks............
  16. booradley83

    Income and Lifestyle

    You don't bill $350k by not doing EXACTLY what you are talking about here. I live this ^^^^^^^ But I'm not interested in extending my work hours/patient load at this time......................the whole point of the thread is that even making a comfortable income; it's not an easy life without any financial worry..........
  17. booradley83

    Income and Lifestyle

    I wish it was that easy buddy! Billing $350k already requires a full-time committment..................it's already bordering on rushing patients out and doing a sloppy job sometimes...........
  18. booradley83

    Income and Lifestyle

    Yeah my point is that after you become an attending....................I thought that I'd be able to live my lifestyle on 1/2 of this income...................you are right; there is no alternative and I'm definitely grateful for what I have......................it's just a weird feeling when you've "MADE IT" to still not feel like you have............and to still struggle..............
  19. booradley83

    Income and Lifestyle

    I'm assuming this is post-overhead..................pre-tax
  20. booradley83

    Income and Lifestyle

    Bro, 350k gross is billings................that's like 250k gross..............I don't know if this income is going to stay at this level forever; the government is making cuts and the 350k earnings gross is WORKING HARD. Finish your Surgical residency and then talk...........it's not all easy peasy once you are out.......... Those are financing numbers on the cars BTW; not leasing..............it's a 5 year loan.............. Why would income go up relatively compared to the mortgage? If anything; the mortgage rates are at historic lows; the mortgage might go up................and the incomes might actually come DOWN with this stupid government..........
  21. booradley83

    Income and Lifestyle

    The only problem with this theory is that...............even if you keep 'trading up', your mortgage will still increase even marginally every time............also, don't expect that Toronto housing boom to continue............it's been BUST since last year................
  22. booradley83

    Income and Lifestyle

    This isn't an opulent lifestyle...........my point is that I expected life to be a lot easier after becoming an attending............... Let's break it down a little further: Expenses: 1. Considering that even a 1/2 livable POS house is $1 million - that's $4500 in mortgage payments 2. Fixed costs - Utilities/insurance/property taxes/car insurance/payment - $3k - This assumes 2 reasonably nice cars for a husband/wife couple. (Toyota Sienna - $700 monthly; Toyota Camry $480 monthly; Car insurance - $600 monthly; Internet/tv-$160 Cell phone - $160 - Water - $40 Electric/gas - $300 Sewer/maintainence/miscellaeous - $600, car gas/maintaince-$400-500) - WE ARE RIGHT OVER $3500 3. Spending money - $2000 (THIS IS EXTREMELY FRUGAL FOR MOST DOC FAMILIES) - Groceries/Food - 500-$1500, clothes/household essentials $200, 4. Savings - $2000 - FINE LET'S DO THE RRSP; THIS IS ESSENTIALLY NOTHING HERE............ HOW MUCH DO YOU HAVE LEFT OVER? WHAT ABOUT CHILD CARE? WHAT ABOUT VACATIONS? WHAT ABOUT REAL SAVINGS? WHAT ABOUT A FEW SPLURGES HERE AND THERE?
  23. booradley83

    Income and Lifestyle

    Why would you use a corporate tax rate? The corporate tax rate is FOR MONEY LEFT INSIDE THE CORPORATION. Any money you want to use is taxed at regular income............
  24. booradley83

    Income and Lifestyle

    I'm not comparing docs to other 'average workers' who pull in 50-60k a year and rent a room or buy a $240k condo. I'm just saying; with the tax system the way it is, and the runaway cost of living in these cities...................doesn't seem like much...........
  25. booradley83

    Working as a FM Doc vs owning a FM practice?

    What do you mean FM has a 'salary' of 300K? Of course clinic owners make more....................they have equity and their share of 'overhead' is much less than the doctor working and paying about 25-35% in 'overhead.' Based on my experience; a family doctor working in a non-FHO model; who is working 5 days per week for 48-50 weeks per year; seeing about 35-45 patients should be able to gross ~$350k. THIS WILL VARY WIDELY; Take off say, 30% overhead, and you are down to $245k; take off expenses such as licensing fees, malpractice, and miscellaneous. A reasonably hard working family doctor should be able to pull in $220-230k ALL IN .............................. NET..................... BEFORE TAXES...................... Anybody who is much higher or lower is an OUTLIER. And the above doctor is working RELATIVELY HARD.
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