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I don't understand why doctors work for them. My wife made 60k/yr at a hospital as a doctor of Physical Therapy. She runs her own clinic now and will make betwe
by marketingPro 6y ago
I don't understand why doctors work for them. My wife made 60k/yr at a hospital as a doctor of Physical Therapy. She runs her own clinic now and will make between 150-250k revenue per year.
When she worked at the hospital she made them 500k revenue per year as she treated multiple patients at a time. Her clinic is 1 on 1.
- smabie 6y agoA clinic that only makes 150-250 in revenue doesn't sound particularly good. After insurance, rent, and other expense, the total profit sounds pretty paltry and close to 60k. Or are you talking about 150-250k in profit?
- 14 6y agoI keep seeing this theme on HN that more money = better. That is not always the case. Now she is working 1 on 1 and not trying to work on multiple people at once. Not everyone is chasing a dollar. I sell chicken eggs for no profit but I like the chickens around and I get some eggs. But the egg farmer charging 5$ actually makes some profit. So if the clinic only makes 150-200k but brings happiness to them that is way more important then money in my opinion.
- marketingPro 6y agoCompletely agree. The next question becomes, does she turn away patients or start to become the hospital system she left and treat for 37 minutes or multiple patients. She's highly recommend in our area and has started to believe only she can help these kids. Money is not really a huge topic, but rather time and quality.
- bsanr2 6y agoStart training assistants in a novel way?
- mook 6y agoIt seems reasonable to assume more money = better in replying to a comment that brings up the monetary amount in the second sentence? If they have their own clinic to enjoy life better, great, but in that case trying to compare revenues doesn't seem like the relevant thing to do.
- wil421 6y agoWhat about all the expenses she can claim? Does the business pay for her car? Does she work out of the home? Does she have somewhat unlimited PTO? What’s it like having no boss?
- marketingPro 6y agoPTO? Like paying a different Physical Therapist to take over her clients. She might profit 0-200$/day. Medicare will pay 50$/hr and that's how much a "pick up" Physical Therapist. The boss thing is a double edged sword.
- wil421 6y agoI meant unlimited time off not unlimited PTO (paid time off).
- marketingPro 6y agoRent is 12k/yr. Insurance is 2k per year. Software is 500 per year. Cleaning supplies are trivial. I can't think of anything else. We are considering getting someone to call insurance companies in the future. 40k/yr, but currently she does it.
- jkinudsjknds 6y agoFWIW, it wouldn't surprise me at all to learn that 150k of small business revenue is less than a salary wage of 60k. Revenue needs expenses taken out, and double taxation. Not to mention her role now includes managing a small business rather than just being a doctor.