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Invest in company where you are employed?

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  • CordMcNally CordMcNally 
    Participant
    Status: Physician
    Posts: 2805
    Joined: 01/03/2017

    I can’t speak intelligently on Radiology Partners but if they’re anything like the CMGs involved with EM (Team Health, Envision, etc.) they should be giving you the stock for free because they’re already giving the physicians a hefty haircut.

    “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
    ― Benjamin Graham, The Intelligent Investor

    #244979 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 93
    Joined: 10/26/2018

    I can’t speak intelligently on Radiology Partners but if they’re anything like the CMGs involved with EM (Team Health, Envision, etc.) they should be giving you the stock for free because they’re already giving the physicians a hefty haircut.

    Click to expand…

    I’d rather not say which of the companies I’m with, but I don’t disagree with the underlying premise that the rads are underpaid per wRVU.

    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    #244997 Reply
    Avatar jacoavlu 
    Moderator
    Status: Physician, Small Business Owner
    Posts: 2374
    Joined: 03/01/2018

    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    Click to expand…

    That’s quite a generalization. Perhaps it’s true for the coasts. I’m not aware of any data. But anecdotally in my region, small private practice rads are doing very well.

    The Finance Buff's solo 401k contribution spreadsheet: https://goo.gl/6cZKVA

    #245000 Reply
    Liked by CordMcNally
    CordMcNally CordMcNally 
    Participant
    Status: Physician
    Posts: 2805
    Joined: 01/03/2017
    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    Click to expand…

    I’m glad it’s worked out for you but don’t be fooled…if a private practice had the contract then you’d be keeping more of the money.

    “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
    ― Benjamin Graham, The Intelligent Investor

    #245001 Reply
    xraygoggles xraygoggles 
    Participant
    Status: Physician
    Posts: 93
    Joined: 10/26/2018

    On the other hand, if you are competent and efficient, these are extremely lucrative jobs, with much higher salaries than small private practices.

    Click to expand…

    That’s quite a generalization. Perhaps it’s true for the coasts. I’m not aware of any data. But anecdotally in my region, small private practice rads are doing very well.

    Click to expand…

    Yeah, I was referring to my state. I don’t doubt there are many practices in smaller and rural cities in less desirable areas which are making 1M+ for the rads.  I’m content making high six figures, and, more importantly, I’ll be able to reach my financial goals living and working where I want. Which is what matters in the end.

    “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”

    #245008 Reply
    Avatar Panscan 
    Participant
    Status: Resident
    Posts: 1076
    Joined: 03/18/2017

    How is telerads lucrative when your per rvu rate is literally 1/2 – 1/3 of what you’d get in PP. I guess if you want to read like a billion studies a day but lucrative is the last thing I’ve ever heard about them. Less hassle? Sure

    #245010 Reply

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