Figure 2000 billable hours, plus other charges he can add (like prescription or if the visit is less than 30 minutes he can squeeze in more patients).
What do you imagine the overhead is on those 4000 visits?
And how many non-billable hours do you imagine each billable hour requires?
Society has decided, acting through its government, to break the doctors.
The pediatricians and family doctors, being as a class somewhat naive and trusting, are being broken first.
Meanwhile, we cannot produce plastic surgeons fast enough to meet the demand for boob jobs.
The only satisfaction I take in this is that the People are finally getting what they want.
Hope they're happy.
I can tell you from personal experience that the overhead not including employees will run about $10,000 a month if you watch your pennies and lease used equipment. If you want a nice space, new equipment and good software, the overhead would be close to that $200,000/yr figure. If you worked 60 hrs per week, you could make a little money.
For a standard clinic with staff, billing support, transcription overhead is over $500,000. If you are employed with a profit sharing plan, the usual figure for breakeven is given at about $1,000.000 per year.
That'll just about coverage his malpractice premiums.
Nope. I see 32 patients daily, take call at the hospital,have hospital patients and Nursing home patients and do OB and I do not clear anywhere near 200,000 a year. The reason. The LOW pay by Medicare and Medicaid and those who walk out of the office and never pay or even stop to turn in their charge sheet.