New OMA notice - cuts to fees

[1234]

Originally Posted by futureGP

if you work full-time, you can probably gross ~$300k.

If you work more (50 to 60 hours), probably more than that.

I think a lot of FMs are part-time no? (Work 4 days a week, and golf the other time) -- and they found out that they don't really need that much money to be happy, so rather take time off?

I doubt 40 hours a week translates to $300K gross.

[PhoenixFlare500]

So I Googled billing codes and found this document from 2009 from Ontario which will serve as my guide for this probably highly inaccurate estimate.
Minor assessment $20
Intermediate assessment $32.35
General assessment or Annual health Exam $68.75

Let's say the general assessment's supposed to take 15 minutes, intermediate takes 10, while minor takes 5.
Assuming a 7 hour work day (8, 1 for lunch)
Of course these assumptions could be wrong making this post moot but whatever.

All general:
$68.75 x 4 / hr
$275 x 7 / day
$1925 x 5 / week (4 if you wanna golf)
$9625 x 52 ($7700 x 46, I assume if they like to relax they also like to take a vacation)
$500500 per year gross billings
or $354200 if they like to golf in Mexico. (1.413 conversion)

All minors (like a walk in doc maybe?)
$20 x 12 = $240
= $436800 or $309120 (Mexican golfer)

All intermediate
$32.35 x 6 = $194.1
= $353262 or $250000

And of course a mixture would be somewhere in between.

[Legion]

Originally Posted by PhoenixFlare500

So I Googled billing codes and found this document from 2009 from Ontario which will serve as my guide for this probably highly inaccurate estimate.
Minor assessment $20
Intermediate assessment $32.35
General assessment or Annual health Exam $68.75

Let's say the general assessment's supposed to take 15 minutes, intermediate takes 10, while minor takes 5.
Assuming a 7 hour work day (8, 1 for lunch)
Of course these assumptions could be wrong making this post moot but whatever.


And of course a mixture would be somewhere in between.

Interesting data, thanks for calculating

So at the highest end we are looking at around 500K. Although a 50% reduction sounds very harsh (and stupid at the same time for reasons others have mentioned), I do believe 500K is way too much.

[muse87]

Son, it's called NAFTA, why work in the US when you can work by or in a Mexican resort, beautiful climate, people, cash up front, lol.

Originally Posted by Robin Hood

I would double-check before assuming Ontario will cut FP's salary in half. Even if other provincial governments did the same, most doctors will apply for US green card.
BTW, what is the average FP salary in Ontario?

[NLengr]

Originally Posted by PhoenixFlare500

So I Googled billing codes and found this document from 2009 from Ontario which will serve as my guide for this probably highly inaccurate estimate.
Minor assessment $20
Intermediate assessment $32.35
General assessment or Annual health Exam $68.75

Let's say the general assessment's supposed to take 15 minutes, intermediate takes 10, while minor takes 5.
Assuming a 7 hour work day (8, 1 for lunch)
Of course these assumptions could be wrong making this post moot but whatever.


And of course a mixture would be somewhere in between.

You need to account for paperwork and what not in there. So if you are seeing patients for 8 hours a day, you'll be doing a couple hours of paperwork at night. Plus the work of running your business, CME etc. it'll be far more then 40 hours a week.

[future_doc]

Originally Posted by muse87

Son, it's called NAFTA, why work in the US when you can work by or in a Mexican resort, beautiful climate, people, cash up front, lol.

You don't want to return to Canada in pieces in a bag.

[muse87]

i know 2 docs down there, u give the police the yearly taxes, so to speak, n u r the safest person in mexico. least the corruptions forward, lol.

Originally Posted by future_doc

You don't want to return to Canada in pieces in a bag.

[1234]

Originally Posted by muse87

i know 2 docs down there, u give the police the yearly taxes, so to speak, n u r the safest person in mexico. least the corruptions forward, lol.

those "yearly taxes" go up annually until it eats up your profit. And if you don't pay, they'll ENSURE that you realize you need protection. Not thelifestyle i want.

[future_doc]

Thank you but no thank you.

[futureGP]

Originally Posted by NLengr

You need to account for paperwork and what not in there. So if you are seeing patients for 8 hours a day, you'll be doing a couple hours of paperwork at night. Plus the work of running your business, CME etc. it'll be far more then 40 hours a week.

EMR -- reduces paperwork to ~0?.

From looking at most fam docs work, they tend to finish paperwork within at least ~8 minutes for a minor visit (including seeing the patient).

you don't really have to run your own business if you just work at someone else's clinic and pay 20~30% overhead.

$300k --overhead --> $240k -- taxes/professional fees/insurance/ etc --> 150k?