Originally Posted by indesertum
do you pay much malpractice? and if you're the medical director of a clinic do you work long hours too?
i wouldnt mind working 80 100 hour weeks with no life outside the hospital to speak of, but not if that's the way it was going to be rest of my life.
I work 40hr/ week now after stopping all hospital and ER work. I only get called 1-2 times per year since most of the call is done by the doc running the psyc units.
Malpractice started at about $900/year for me and goes up about $1k per year (mine is $9k with 11 years of working after residency/fellowship and no lawsuits yet).
Most general psyc doc should average $170-200k right out of training and you could add at least $10k for each subspecialty added on. If you do weekend call for a psyc unit you could add $1k-3k per weekend. The more years of experience and added responsibilities you take on also should raise pay.
Here a simplified explanation of how docs are paid- your "hourly rate" of pay for office visits is mostly determined by your specialty from insurance payers. The more training you have done, the more your hourly rate is. Those that perform procedures also get paid based on the procedure= ex. LASIK, colonoscopy, removal of skin cancers, all surgeries, etc.
The more hours you work and procedures you perform, the more you can make.