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Splitting Overhead
Do you have a “norm” for how multi-physician practices typically split overhead? I know most practices set compensation as the amount docs earn, less overhead. But how do some practices come up with the percentage of overhead for each doc, if some are more or less productive than others?
Question: Do you have a “norm” for how multi-physician practices typically split overhead? I know most practices set compensation as the amount docs earn, less overhead. But how do some practices come up with the percentage of overhead for each doc, if some are more or less productive than others?
Answer: Yes, overhead allocation can be a burden for multi-specialty groups as the primary-care docs generally can’t carry an equal burden of overhead relative to surgical or procedural specialists.
And, yes, compensation and overhead need to be looked at as a whole. There is no norm, per se. It’s more like negotiation for temporary truces that work for each practice.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
