Diversify Your Income As A Private Practitioner
By Russell M. Petrak, MD | August 24th, 2022
A private infectious disease practice allows for personal flexibility and financial opportunity, as well as lifestyle accommodations. We know work-life balance is key as you build your career.
In contrast to many employed and academic models, a physician in private practice also is typically given the opportunity to benefit financially from most professional activities. For example, Metro Infectious Disease Consultants (MIDC) allows all doctors to benefit from educational lectures, contract support, Outpatient Parenteral Antibiotic Therapy (OPAT), as well as inpatient and outpatient professional fee generation.
A private practice like Metro Infectious Disease Consultants can offer these opportunities because of several factors utilized for the benefit of private practitioners. Let’s explore these resources.
Large Private Practices
MIDC’s structured revenue streams are diversified. This, in turn, allowed the group to increase its physician capacity. More physician availability resulted in a decreased need to work weekends and holidays.
Advanced Practice Providers
The increased revenue from diversified revenue streams allowed Metro Infectious Disease Consultants to create a physician extender program. These advanced practice providers (APPs) are utilized to improve patient care in both the inpatient and outpatient settings through documentation and educational enhancement. This increased support allows for a better work-life balance and participation in other revenue streams (OPAT, contract support, clinical research, etc.)
Partnerships
Ultimately, a partnership is a goal of many infectious disease physicians. The Metro Infectious Disease Consultants model of partnership allows for markedly enhanced revenue above the national average, as well as increased flexibility. Partners are allocated all revenue generated through their professional activities. They are also offered a percentage of group profit, commensurate with their years of service and group participation. Flexibility is achieved through an unrestricted vacation schedule, resulting in a profitable, sustainable, and comfortable lifestyle.
Check out details on the Physician Careers section of our website.
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