Life After Training | Why I decided to Go Into Private Practice..
69,433
Publicado 2020-11-30
Timestamps
0:55 What are the practice models you can enter once you finish training?
1:30 What does it mean to be in private practice?
3:00 Overhead explained
6:00 What does it mean to be an employee physician?
7:25 Academic physician
8:25 What is pracademics?
8:45 What are so pros of going into private practice?
13:05 Why I chose to go into private practice?
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MEDICAL DISCLAIMER
The information provided is not intended to be a substitute for professional medical advice, diagnosis or treatment. Never disregard professional medical advice, or delay in seeking it, because of something you have read on this website. Never rely on information on this website in place of seeking professional medical advice.
Todos los comentarios (21)
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Private practice * Join Group or go independent * Learn how to do the business * Multiple income sources * Understand pros & cons * Plan for yourself - Thank you for the detailed teaching!
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11:31 "no one can tell me nothing" I sense built up rage from all the years of people telling you what to do😂 Great video though. It was really informativ
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i'm a doctor and you were so honest!! i want to be like you in future. hats off 🎩
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Very insightful and informative video! Thanks for sharing. " Being your own boss" seems like everyone's ultimate goal.
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Great video! Always been intrigued by the operations behind private practice physicians and academic based physicians!
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Why I’m I even watching this, I’m nowhere near being a Doctor. Lol. Always great videos Dr.
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Finally someone talks about real life in med. You just got one subscriber today. -aspiring ortho doctor
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Starting medical school next year and love your content! Keep up the great work Dr. Webb!
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You’re so kind! Thank you for sharing! I appreciate you a lot!
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Thank you so much, Dr. Webber for diving into the business/ financial side of medicine. It is a very important topic that isn't discussed as much with premeds and med students!
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the most informative, selflessness and realestic video thank u for being onset and useful esp. for other doctors .best of look to u
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Well there is pros and cons on either way you just have to pick which one matches with your life. Great video thanks do much!!!
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love the video quality!🙌🏿
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This is an excellent break down! I think medical school and residency should do more education about these aspects of medicine! Every doctor needs this!
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my mentor be shining🤩👍 watching med student from australia
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Dr. Webb, thank you for this information. I'm very excited about the future videos you have planned. It's so awesome to see a black man doing this!
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Dr Webb did a great job summarizing everything. I’m finishing up my orthopaedic sports fellowship now and was looking at academic jobs, private practice and employed jobs. I am leaning toward an employed position given the reasons Dr Webb explained in this video. I do not want to worry about making my overhead during the first years in practice. Employed positions tend to offer more up front (salary, retirement, health insurance, no overhead) but you lose out on keeping your ancillary income such as PT, MRI, surgery center fees and etc. Your overhead includes Office space, personal health insurance, malpractice insurance, disability insurance, retirement, nurses salaries, and etc and this cost can be anywhere from $25,000 - $75,000. As Dr Webb explained quite well, this cost will be there regardless. So it can be concerns for make enough income to support a practice and ones family, given these COVID times. Private practice does tend to do better given the practice can make adjustments but at the end of the day, academic, private practice and employed positions tend to closely break even at the end of the year. Like Dr Webb stated, private practice does give you more flexibility to run your practices.
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Very Enlightening Dr. Webb. Thank you for this video!
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Great video Webb! Hope that I will meet u atleast once when I visit Texas for residency interviews in future!
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❤️ Wish you the best of luck!❤️
