m_kay Posted January 5, 2016 Report Share Posted January 5, 2016 Finishing my FM residency this year and considering my job options post-residency. It seems like most grads locum for 1-2 years before settling down but I'm curious as to what it would take to entice new grads to start their practice right out of residency. I have just been offered a position with a group practice where all the physicians are given 75% of their billings, and 25% is given to the clinic owner (who is not a physician within the practice) to cover the overhead costs. I have also been offered a $25k signing bonus if I can commit to 3-5yrs . The practice is in a suburban community with a population of roughly 30k. I will have full control over my hours and which days I choose to work. An extended medical/dental health plan is also provided. The above terms are negotiable but I have no idea what numbers to throw out there. I want to optimize my earnings but I do not want to be unreasonable. Any thoughts? Link to comment Share on other sites More sharing options...
ploughboy Posted January 5, 2016 Report Share Posted January 5, 2016 Is this in Ontario? I only ask because my perception is that primary care funding is so tenuous here that I would not sign up for anything long-term. Link to comment Share on other sites More sharing options...
m_kay Posted January 5, 2016 Author Report Share Posted January 5, 2016 This is in BC. Link to comment Share on other sites More sharing options...
bloh Posted January 11, 2016 Report Share Posted January 11, 2016 That actually sounds like a really sweet gig, particularly for B.C. You should iron out the other details though and see if it's a fit for you (# of support stuff, EMR, call coverage, etc...). Link to comment Share on other sites More sharing options...
rmorelan Posted January 11, 2016 Report Share Posted January 11, 2016 That actually sounds like a really sweet gig, particularly for B.C. You should iron out the other details though and see if it's a fit for you (# of support stuff, EMR, call coverage, etc...). it does actually......... devil is in the details but that is a nice overhead, flexible situation..... Link to comment Share on other sites More sharing options...
Dermviser Posted January 11, 2016 Report Share Posted January 11, 2016 salary estimate for yr? Link to comment Share on other sites More sharing options...
p0tus Posted January 12, 2016 Report Share Posted January 12, 2016 For BC, 25% sounds pretty standard for the size of the community. Generally, the expected overhead in the middle of a big city (eg Vancouver Downtown) can run from 30-35%. It gets lower the further away and the more rural the community is. In some small communities it can be close to 20%. Unless you worked in that clinic already in residency or you have close ties to that community, I would be wary about committing to such a long period of time straight off the bat. You only start noticing little annoyances months down the road and your practice interests may change as well. Link to comment Share on other sites More sharing options...
m_kay Posted January 15, 2016 Author Report Share Posted January 15, 2016 Thanks for the feedback guys! Link to comment Share on other sites More sharing options...
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