306 karma · joined January 17, 2017
Great and thought provoking example. I think you could argue there could be some genetic susceptibility to having a manic episode when placed under stressors like that, meaning potentially there's a relative with bipolar disorder or pretty severe major depressive disorder. I don't think most people would fall into a manic episode when placed in situations like that, but it is impossible to know. In my time rotating in the psych emergency department I saw someone with a similar presentation to Ola. No psychiatric history, stressful event happened, didn't sleep for a few days, came in in frank psychosis, treated with Seroquel, left the next day totally fine. Diagnosis given was brief reactive psychosis. Maybe the same happened for Ola Wong.
Patients who are hypomanic by definition aren't having marked impairments in social or occupational functioning and won't need to be hospitalized. There's nothing forcing someone who isn't currently on a psychiatric hold to take medication, so if they're taking it it's likely because they believe they're benefitting from it.
I guess my point is that people will always find something to shit on you for, and the bias against lower ranked schools comes from above. The state schools like Penn State, OSU, Pitt, Michigan, Florida, Illinois etc. are enormous institutions that have a good amount of research going on and are definitely accessible to a motivated high school student. So if you don't get in to an Ivy League school, your opportunities aren't going to be limited as much as you think, and rejection is a great motivator.
People just have no idea what goes into training a physician. Even after 2 full years of studying medicine I feel like I don't know anything, the field is that huge. I assume some of the bad takes are due to most people on this site being young and only ever interfacing with the healthcare system whenever they get strep throat. Sure someone can Google that you need to treat strep throat with antibiotics (maybe they'll even pick the right one!), but make sure to warn them about post strep glomerulonephritis. Oh what's that, and why do I need to warn them about that and not rheumatic fever...
Here is a chart for Australia: https://www.businessinsider.com.au/heres-how-much-money-aust... Hard to say how much they earn when working private as well. Anecdotes from the medicine subreddit suggest a lot.
Canada: https://www.cnbc.com/2018/03/06/canadian-doctor-protest-thei...
Medscape always sets the bar low when comparing US to other countries. I don't know why they do not include these ones. Here's the Medscape report that conveniently leaves these three countries off (wonder why): https://www.medscape.com/slideshow/2019-international-compen...
I'll try to find more sources for the other countries as I am interested as well.
220k is likely on the low side for PCP here. Offers coming in more around $250-270 range.
You could suggest we replace the high paid physicians with nurse practitioners or physician assistants but that is ignoring the fact that they are paid in the exact same way (and soon to be amount - executive order signed to equalize Medicare payments b/w midlevels and physicians) as physicians! If an NP or PA sees 25 patients in a day, they will bill for the exact same amount as a physician would. Additionally, the midlevels would order more tests and imaging on average than physicians, driving healthcare costs ever higher. There's a reason hospitals love midlevels so much and are helping to push for their independent practice. Each unnecessary test or CT scan is extra $$$ to the hospital.
Versus people working here having their per unit value of work cut by Medicare to 62% of what it was in 1998: https://static01.nyt.com/images/2019/02/17/opinion/sunday/17...
Have got to say though software/data skills have been super useful for research projects, which are the fun part of medical school vs the absolute grind of pounding facts in.
If you read about this CEO and are thinking about making the switch be very realistic with your chances, particularly about your GPA like parent post said. Without a 3.7+ you're going to have a tough time, and there's no guarantee that you won't spend 2+ years and get rejected. You'll have to overperform on the MCAT. Expect bias against your work experience (only software really). Whenever I said I used to be a software engineer you could see the light leave some of the interviewers eyes... Though if you're FAANG or another name-brand company I wouldn't expect the same.
I'm not trying to change the topic from office visit to heart attack. I provided the RVU calculation for the outpatient visits. That is how much the physicians are getting paid. You said that physicians are making a couple hundred bucks of each outpatient visit, which I don't believe is accurate, and I provided the calculation of why I don't think that is accurate. The total cost of the visit can be $250, but the physician is not getting anywhere near that.
I don't think it's accurate to say that they will be able clear $1000/hr. There is additional time needed to document each patient (often equal to the amount of time seeing the patient). I think seeing 3 visits in that time is plausible, but the physician is not getting that whole $250 (which is the point I'm trying to make). The clinic revenue may be $750 for that hour, but that needs to cover all of the overhead, and the physician will get whatever is left.
Make sure you are looking for sources that compare how much the private insurance pays physicians compared to medicare in particular vs how much they pay hospitals compared to medicare. The numbers will be different.
The $53,384 is what the hospital charges for the heart attack. The physician only gets the wRVUs for the services they provide in the hospital (if they're employed), so the 12.56 wRVU for the cardiac revascularization + the admission history and physical (2.61 wRVU CPT 99222) however many days of progress notes (2.00 wRV 1x each day - CPT 99233) in the hospital and the discharge summary (1.28 wRVU - CPT 99238) they write for the patient. So if a patient got revascularized and were in the hospital for 4 days before being discharged that's 12.56 + 2.61 (admission day) + 2 * 2.00 (2 inpatient days) + 1.28 (discharge day) = 20.45 wRVUs for the admission = $737 for the physician for that hospitalization.
I'm trying to make the distinction here between how much the hospital gets paid vs. the physician who provided the care. It's not accurate to say the physician is making $53,384 for the heart attack hospitalization, that is what the hospital is charging. The physician may make ~$1000 for an admission like that. If the physician is self-employed or in a group, they will charge for the facility RVUs and malpractice RVUs as well, because they need to cover the overhead of having a clinic to see the patient after the hospitalization.
If your bill breaks down the overhead for the clinic separate from the physician charge, then I'll agree that the physician made the $250 straight cash, but I don't think that is in any way the average amount any kind of doctor will make off an outpatient visit. Look at what you're suggesting, that a physician makes $1000/hr * 2080 workable hours in a year (not likely a physician only works 40hrs a week..) = $2+ million a year.
For outpatient visits, this source says medicare pays 92% of what private insurance pays for established outpatient visits, and 80% overall https://money.cnn.com/2014/04/21/news/economy/medicare-docto... .
I am a US citizen who used to be a software engineer who now attends a US MD Medical school and I have student health insurance.
For the heart attack patient, it isn't the physician who is charging the huge amount. It's the hospital. The physician is only going to get a certain factor (somewhere between 1x - maybe 3x on the extreme end) of that $440 for the wRVUs.
All this information is available online. You can look up the physician fee schedule straight from the CMS. https://www.cms.gov/apps/physician-fee-schedule/search/searc... . Here are the cardiology codes - https://myheart.net/cardiology-coding-center/coronary-interv...
To add an additional data point, doing a heart transplant is 89.50 wRVU * 36.0391 = $3225. I don't think doctors are living as well as you think. CPT code 33945.
The training time between US and other countries ends up being more or less the same when you add the fact that their residencies tend to be a little longer than in the US (due to less hours). Here is a list from the UK: https://thesavvyimg.co.uk/how-long-is-specialty-training-in-.... Many of the surgical specialties that take 7-8 there take 5 here (urology, vascular surgery, etc.). So even if their pregraduate training is only 6 vs our 8, there are some specialties where it comes out to be a wash. There's also definitely hazing/long hours in some other countries as well. Here's an example of an Australian plastic surgery hopeful: https://mindbodymiko.com/the-ugly-side-of-becoming-a-surgeon...
On second thought maybe it would make sense to only subsidize the residency programs that are financially unsustainable but necessary, like family medicine or non-subspecialty internal medicine. Downside to this could be that hospitals could choose to not have residents and exacerbate the physician shortage.