I had a question for those who are FIRE and/or working part time. (or simply those further in their career with helpful advice)
I recently received an offer from my employer to go down to part time.
The way my practice is currently structured is that I perform Procedure A in the mornings and Procedure B in the afternoons.
My employer wants to increase the number of cases I do in the morning and eliminate my afternoons. (obviously Procedure A is much more lucrative than Procedure B and they have other physicians who can do Procedure B). Theoretically this should allow me to make more money, retain my employee benefits, and return home by early afternoon.
This sounds like a win win to me but I had a couple of concerns:
1) I'm not sure my hospital system will be able to keep me as busy with Procedure A as they claim. That being said, even if I don't get any more morning cases, eliminating my afternoons only represents a 10% drop in my take home pay. Financially I am OK doing this but mentally, given my age and the uncertainty of reimbursement patterns, I sometimes wonder if I'll regret "leaving money on the table" or not "making hay while the sun is shining"
2) I'm not sure if this would be best for my professional development. Eliminating the afternoons means essentially giving up on every other aspect of my specialty and focusing on one procedure. Financially this puts me at risk if they ever slash reimbursement for that CPT code. I also worry about what would happen if I ever left my current job and needed to redevelop those old skill sets since I anticipate on having a long career
What are your thoughts? Anyone with a similar transition or move in their early 30s? Would anyone recommend that I reject this proposal?
I recently received an offer from my employer to go down to part time.
The way my practice is currently structured is that I perform Procedure A in the mornings and Procedure B in the afternoons.
My employer wants to increase the number of cases I do in the morning and eliminate my afternoons. (obviously Procedure A is much more lucrative than Procedure B and they have other physicians who can do Procedure B). Theoretically this should allow me to make more money, retain my employee benefits, and return home by early afternoon.
This sounds like a win win to me but I had a couple of concerns:
1) I'm not sure my hospital system will be able to keep me as busy with Procedure A as they claim. That being said, even if I don't get any more morning cases, eliminating my afternoons only represents a 10% drop in my take home pay. Financially I am OK doing this but mentally, given my age and the uncertainty of reimbursement patterns, I sometimes wonder if I'll regret "leaving money on the table" or not "making hay while the sun is shining"
2) I'm not sure if this would be best for my professional development. Eliminating the afternoons means essentially giving up on every other aspect of my specialty and focusing on one procedure. Financially this puts me at risk if they ever slash reimbursement for that CPT code. I also worry about what would happen if I ever left my current job and needed to redevelop those old skill sets since I anticipate on having a long career
What are your thoughts? Anyone with a similar transition or move in their early 30s? Would anyone recommend that I reject this proposal?
Comment