Reacting to Physician Salaries | My HONEST thoughts after 1 year in practice…

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  • เผยแพร่เมื่อ 1 ม.ค. 2025

ความคิดเห็น • 540

  • @zagato77904
    @zagato77904 2 ปีที่แล้ว +632

    The answer is ~500k a year. You’re welcome.

    • @theodisthomas5732
      @theodisthomas5732 2 ปีที่แล้ว +10

      Lol thank you

    • @gloomy5455
      @gloomy5455 2 ปีที่แล้ว +37

      Thank u for saving me 10min of my life

    • @jeremiahozales8063
      @jeremiahozales8063 2 ปีที่แล้ว +48

      Thank you. He talked too much.

    • @abstract9621
      @abstract9621 2 ปีที่แล้ว +50

      @@jeremiahozales8063 he’s not your puppet, he’ll talk as much as he wants if you don’t like it, peace out

    • @YENATTIRB12
      @YENATTIRB12 2 ปีที่แล้ว +26

      @@abstract9621 relax

  • @becoo6910
    @becoo6910 3 ปีที่แล้ว +141

    Hey Dr. Webb! I ran into you at the grill at Methodist Stone Oak. I told you that you were the one that inspired me to become a nurse. Big bald dude. Was great to meet you. You’re inspirational and so awesome! Be safe!

    • @waqarsarfraz4205
      @waqarsarfraz4205 ปีที่แล้ว +4

      Hey big bald dude! Hope you're doing good out there. Just wanted to drop this.

  • @ajwriter5699
    @ajwriter5699 3 ปีที่แล้ว +841

    If you spend over a decade in training, you deserve a 500K salary.

    • @vivek27789
      @vivek27789 3 ปีที่แล้ว +28

      True.. Very True

    • @jacob476
      @jacob476 3 ปีที่แล้ว +41

      Do paramedics who have 25 years of experience and have done training for the past 25 years deserve even more?

    • @FelixOh
      @FelixOh 3 ปีที่แล้ว +192

      @@jacob476 First responders are not paid nearly enough for their responsibilities but to compare them to doctors is unfair. Paramedic training does not cost hundreds of thousands.

    • @miguelpacheco4723
      @miguelpacheco4723 3 ปีที่แล้ว +29

      Agree, if they have to essentially give up their life and go through hell for 15 or so years it is the least they deserve lol

    • @vivek27789
      @vivek27789 3 ปีที่แล้ว +100

      @@jacob476 Paramedics don't go through grad schooling,medical school, 3-7 years of residencies,1-3 years of fellowships and in some specialities extra 4-5 years for PhD research...Though Paramedics are definitely underpaid but honestly there is no comparison at all between a paramedic and a Doctor/Surgeon.

  • @martinrutkowskimd3709
    @martinrutkowskimd3709 3 ปีที่แล้ว +453

    Fantastic video. Appreciate the transparency. Most people would be surprised to hear that INTRA-specialty salaries can vary more than INTER-speciality salaries.

  • @Icacer
    @Icacer 2 ปีที่แล้ว +33

    You spend 90% of the video telling us “I’m going to answer if this number is accurate… but before I do….”. Literally every 2 minutes

    • @ffrr4886
      @ffrr4886 2 ปีที่แล้ว +2

      yeah it's boring

    • @nkeiru26
      @nkeiru26 2 ปีที่แล้ว +1

      Lol seriously 😂 😂

  • @jacobl5488
    @jacobl5488 3 ปีที่แล้ว +43

    Self selection bias... people who report their salaries are more likely to be on the higher earning end, such as practice owners. Data may be skewed on the higher end as a result.

    • @antoniowebbmd
      @antoniowebbmd  3 ปีที่แล้ว +21

      Good point

    • @antoniowebbmd
      @antoniowebbmd  3 ปีที่แล้ว +17

      Although there are people who earn less and don’t self report also!

  • @TexastoastStix
    @TexastoastStix 2 ปีที่แล้ว +14

    Love seeing the evolution of your channel Dr. Webb!

  • @phillipwombacher9635
    @phillipwombacher9635 2 ปีที่แล้ว +40

    It’s opposite in the nursing world everyone shares their salary because us nurses know that companies want it to be taboo to talk about to pay us less so we talk about it a LOT and now as a independant contract nurse I’m making $150,000 a year!

    • @mogamethanu
      @mogamethanu ปีที่แล้ว +2

      Yes, this is what I respect about nursing

    • @Essays4College
      @Essays4College ปีที่แล้ว +1

      Ideally any employee, regardless of profession, should have a plan to make money passively. That is making money without having to physically be there. At the end of the day we can only work so many hours in a day.

    • @sharondalynnewton7562
      @sharondalynnewton7562 ปีที่แล้ว +1

      I truly think it is unprofessional to discuss salaries. Especially among coworkers. Folks be counting your bank account, IMO

  • @kmode7936
    @kmode7936 3 ปีที่แล้ว +68

    A master of saying nothing with a lot of words.

    • @anacondalove1423
      @anacondalove1423 3 ปีที่แล้ว +4

      😂😂😂😂😂😂😂

    • @nc4582
      @nc4582 2 ปีที่แล้ว +21

      I was looking for this comment, the guy is probably clearing close to 1 million in private practice

    • @Shoegazer333
      @Shoegazer333 ปีที่แล้ว

      HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAAH

  • @bryandelcid4065
    @bryandelcid4065 2 ปีที่แล้ว +151

    It’s hard to be a medical doctor. Not my cup of tea even for those salaries. The reason being is mostly Internship and Residency. It’s just brutal. My hat goes off to all those MD’s.

    • @Raj-ul9my
      @Raj-ul9my 2 ปีที่แล้ว +7

      And risky jobs

    • @scottb.6725
      @scottb.6725 2 ปีที่แล้ว +5

      Hard to be an engineer too! Try studying science, like a doctor, but add physics & calculus, then head out into the real world & develop innovative products that work within a variety of systems & environments - safely. Engineers learn more than just the human body & Latin names for diseases.

    • @scottb.6725
      @scottb.6725 2 ปีที่แล้ว

      @@sloane6362 Well, don't I feel like an ass! You are absolutely right - they do have a heavy science load, and are also encouraged to study subjects that ignite their passion to make a more well-rounded person/doctor. Thank you.

    • @emelierosenwill
      @emelierosenwill 2 ปีที่แล้ว +1

      All things are not easy,but it’s always good to try

    • @lettuce1305
      @lettuce1305 2 ปีที่แล้ว +19

      @@scottb.6725 mate I'm a civil engineer, imo trying to become a doctor especially a specialist or a surgeon is probably much much harder than becoming an engineer. Firstly it's super difficult to get into Med School, add all the years of schooling and then on top of that residencies, c'mon man they're not just "learning the human body and latin names for diseases".

  • @AndJusticeForAll...1985
    @AndJusticeForAll...1985 4 หลายเดือนก่อน

    My boy Dr. Webb, slayin em'. Cant stop, won't stop. You're the man my bro, don't ever quit. From one ninja to another...

  • @urielromero8835
    @urielromero8835 3 ปีที่แล้ว +36

    Great video. I think it's important to share that information because some times it's difficult to know if you are getting a fair payment.
    I'm an IMG currently following the steps to become a doctor in the U.S and every job that I take like medical assistant, health manager or health advisor, I noticed an enormous difference in payments.
    Nobody likes to talk about how much money they make but it will definitely help to make things better.
    Thank you for giving us your perspective.

    • @dr.1956
      @dr.1956 2 ปีที่แล้ว

      Hello uriel.....I'm also an IMG trying to navigate my medical path .....would be nice to connect

    • @Fedupwithbullshits
      @Fedupwithbullshits 2 ปีที่แล้ว +2

      Hey I am an IMG too. I am looking for Jobs that I can do before entering residency. I don't know how to find it. Background : Indian IMG, Step 1 done. Step 2 taking on March .
      Could you help me with this?

  • @nkeiru26
    @nkeiru26 2 ปีที่แล้ว +17

    10:32 the answer to the question 😂

  • @franciscofletes1948
    @franciscofletes1948 2 ปีที่แล้ว +50

    There’s another practice model. I’m a psychiatrist that does strictly telemedicine work. I’m licensed in multiple states so I can work for many different telepsych companies and practice in multiple states. For telepsych or telemedicine providers volume has increased tremendously post Covid. Medscape psychiatrist salary is much lower than most of my colleagues.

    • @sebchan21
      @sebchan21 2 ปีที่แล้ว +4

      Do you mind if I ask what your income is? I am interested in getting into psych

    • @Bryan-ny4ss
      @Bryan-ny4ss 2 ปีที่แล้ว +32

      Psychiatrist here. For tele you can make about $200/hr sometimes more. I have a few jobs. inpatient, outpatient, and tele and made 800k last year working about 40 hrs a week and most weekends.

    • @sebchan21
      @sebchan21 2 ปีที่แล้ว +2

      @@Bryan-ny4ss Thank you this was very helpful.

    • @elitenemysis6633
      @elitenemysis6633 2 ปีที่แล้ว +1

      @@Bryan-ny4ss I’m interested in psychiatry. Have been for some time. My goal is to one day have a private practice that I can work part time into old age. Would you be be willing to have a brief informal interview? Currently studying for the MCAT.

    • @patriciagilderubio5934
      @patriciagilderubio5934 2 ปีที่แล้ว +3

      @@Bryan-ny4ss How flexible is telemedicine? Are you allowed to choose when you work?

  • @isahardt
    @isahardt 2 ปีที่แล้ว +3

    I'll save you 12 minutes: the answer to the question is yes. He won't reveal his salary. Don't waste your precious time

  • @portalomus
    @portalomus ปีที่แล้ว +12

    Thank you for sharing. I'm not in the medical field, but I am really interested in learning about finance and salaries. It's good to know how other professions are compensated. Thanks for posting!

  • @alcurtis93
    @alcurtis93 2 ปีที่แล้ว +2

    Get a lot more than UK doctors. NHS pays around £100k per year for consultant level doctors

  • @joshbritton
    @joshbritton 3 ปีที่แล้ว +112

    Hey Dr Webb, could you make another update video on your student loans? It’s something that worries me as a premed and I’d love to see how you’ve continued to tackle it

    • @angelguajardo697
      @angelguajardo697 3 ปีที่แล้ว +11

      This would be great because it’s something that’s always on my mind

    • @Pixel_Po27
      @Pixel_Po27 3 ปีที่แล้ว +5

      I’m pretty sure he made a video about that

    • @joshbritton
      @joshbritton 3 ปีที่แล้ว +4

      @@Pixel_Po27 yea he did but it was a while back. I wanted another update on it

    • @wolfumz
      @wolfumz 3 ปีที่แล้ว +11

      Doctor's wages have been going up and up compared to the cost of school. The debt to expected income ratio, even for the low end of physicians, isn't bad at all compared to most other professions and careers requiring a degree (look at the ratio for social workers with masters, for comparison). I don't think need med students have much to be concerned about, so long as they graduate.

    • @LaZainabou
      @LaZainabou 2 ปีที่แล้ว +3

      NYU Medical School is tuition free...

  • @techwerido3625
    @techwerido3625 3 ปีที่แล้ว +14

    The hospital for special surgery in Manhattan the #2 ranked orthopedic hospital the surgeons make 1-4 millions

    • @okoroifeanyichukwu8762
      @okoroifeanyichukwu8762 3 ปีที่แล้ว +1

      This seems to be true
      @Antonio J. Webb, M.D.

    • @pikusarker1359
      @pikusarker1359 3 ปีที่แล้ว +1

      Bryan sir how much are their take home salary after income taxes and overhead costs?

    • @techwerido3625
      @techwerido3625 3 ปีที่แล้ว +1

      @@pikusarker1359 Idk about the take home but if you search up dr han jo kim salary it shows everything

    • @kaitlynkilpatrick36
      @kaitlynkilpatrick36 3 ปีที่แล้ว +1

      @@techwerido3625 he also had semi celebrity status, so that automatically inflates things. It's like saying Dr Mike who is a family physician makes over 1 mill a year but he also has celebrity endorsements

    • @buggaba
      @buggaba 3 ปีที่แล้ว +1

      Not sure about the numbers but they have some of the worlds best surgeons there

  • @jorgechidote
    @jorgechidote 3 ปีที่แล้ว +20

    Dr Webb, can you speak about the increase in salary for doctors?
    It seems like doctors’ salaries depend on a lot but mainly on their patient case load. This might be inaccurate, but let’s say that a doctor stays with same amount of demand or patient case load, same amount of surgeries, and other workload, and does not have any other outside investments or source of income. How does their salary increase is expected? Or a salary increase based on inflation not really the case for doctors?
    The reason I ask is because regular jobs like an engineer, accountant, construction workers, get an hourly wage or salary, but they can expect 3% or 4% annual salary adjustment. Does that happen with doctors in private practice, employeed, or other practices?

    • @vasilisgiannatos1319
      @vasilisgiannatos1319 3 ปีที่แล้ว +3

      As you get more experienced and famous in your city, you can ask for more money during patient visits or surgeries

    • @gioacevedo5
      @gioacevedo5 3 ปีที่แล้ว +6

      Many physicians make the most money within their first 10 years out of residency/fellowship. They often take on more patients, procedures, call shifts, etc. Then they tend to make less and less from their practice as they get older. Also, many have investments such as real estate that takes over the difference in pay.

    • @Q-Bits8
      @Q-Bits8 2 ปีที่แล้ว +2

      If you're employed - and there are a few specialties that almost require employment since you have to work in a hospital - the number of pateints doesn't make a difference. A good example is anaesthesiologist (that said if you don't want to become pain specialist), radiologist, and many types of surgeons (for exmaple brain). You get a fixed salery (increasing yearly) regardless of how many patients you see (ofc, if you see too few, you'll get problems with the management). On the other hand if you are in private practice, you earn more with every patient.

  • @adamamingo4592
    @adamamingo4592 3 ปีที่แล้ว +22

    Thanks doctor for giving us the real fact’s 🙏

  • @philaman1972
    @philaman1972 2 ปีที่แล้ว +12

    Interesting. I agree that most people who elect to go into medicine are not doing it exclusively to chase the money because of the rigorous and costly path involved in becoming and remaining a physician. As a physician, you are responsible for the care of an actual human being, not some inanimate object like a computer program or report that can be recreated in a worse-case scenario!
    Whatever physicians make, it's not enough in my view; the same applies to teachers as well. Conversely, you have CEOs who make these lavish 7 and 8 figure yearly salaries off the backs of everyone else at the company!

    • @T1Oracle
      @T1Oracle 2 ปีที่แล้ว +5

      Never underestimate how much some people would go through for money. Our society's relationship with money is often pathological.

  • @theopinions47
    @theopinions47 3 ปีที่แล้ว +22

    I think you failed to look at one aspect. Some people who had family to pay for their school debt might not be as hungry or have the need to do the most surgeries to pay their bills where as someone with a lot of student loans might be more aggressive in how much surgeries that they do to earn the type of money they need to make. I would think that those that don’t have allot of student debt may work for a group as an employee and need and make less since their financial needs may not be as high.

    • @Jonathan-cz4ky
      @Jonathan-cz4ky 2 ปีที่แล้ว

      Well you don’t need more money to pay off your student debt, paying it off consistently over time is fine. People have this weird view of student debt as if it’s the worst thing in the world when reality not only is it a great way to maintain perfect credit (if you’re paying it off consistently), but it doesn’t affect your ability to obtain loans as much as you think when you have a profession that pays a lot of money like this. Doctors are very coveted clients in the mortgage or lending industry in general.

  • @businesssavvyphysician
    @businesssavvyphysician 3 หลายเดือนก่อน

    Like you said, there are so many factors that apply. People also need to consider if you are in private practice and you came right out of fellowship. It will take longer to build your practice because you are starting from scratch. Verses if you came from a practice where you were there for a while, you are more likely to have patients follow you. Therefore, your practice will be up and running faster. Looks like you are doing a great job! Nice videos.

  • @jongarcia544
    @jongarcia544 3 ปีที่แล้ว +91

    love videos Dr. Webb! I'm actually the young guy that you met at chipotle with my friend a couple of months ago, stated I was in nursing school. Actually just finished and will be graduating on the 22nd of this month. I start again for my RN in April. It was nice to meet you in person! Keep doing great things!

  • @flockofseagulls1421
    @flockofseagulls1421 3 ปีที่แล้ว +10

    When is the next “I am doctor” series Dr Webb??!

  • @jameszhang1989
    @jameszhang1989 3 ปีที่แล้ว +19

    answer is at 10:30

    • @whymad_
      @whymad_ 3 ปีที่แล้ว +7

      Appreciate it man ✨
      I dunno why he extended it like that

    • @069hemanthh3
      @069hemanthh3 2 ปีที่แล้ว

      😃😃

  • @DavidKasan
    @DavidKasan ปีที่แล้ว +5

    I am always amazed, that there is any concern with this subject. These folks spend up to half of their lives in school, taking course work most all of us can't even imagine, working insane hours that few want to think about, racking up debts that some folks would retire on, so that they can literally save our very lives! How does one put a price tag on that?

  • @RGrant2504
    @RGrant2504 3 ปีที่แล้ว +55

    Primary care docs, EM, inpatient internal med, intensivists probably deserve a raise during this pandemic era

    • @TheCow67
      @TheCow67 3 ปีที่แล้ว +10

      Yes, but I would defend that all professionals in the filed get some love, everybody got screw in the pandemic

    • @johannsebastianbach9003
      @johannsebastianbach9003 2 ปีที่แล้ว +3

      Radiologist: there was a pandemic? 🤔
      (Just joking, But yeh radiologist only comes out in there dark room probably one time)

    • @JamesAnderson-sn6fp
      @JamesAnderson-sn6fp 2 ปีที่แล้ว +1

      Amen brother…they are the real heroes in this pandemic along with all other associated medical workers

    • @blipblop92
      @blipblop92 ปีที่แล้ว +1

      They have been making bank just in case you haven't caught up

    • @Nasserist1969
      @Nasserist1969 11 หลายเดือนก่อน

      ​@johannsebastianbach9003
      Everything in Medicine depends on Radiology though, diagnosis etc.

  • @AlexMotan1
    @AlexMotan1 ปีที่แล้ว +2

    06:15 minutes ramble for an "Yes and No / depends" answer.
    Doc, you are wasting my time.
    08:46 "this number is pretty accurate". FINALLY!!!

  • @davidlakhter
    @davidlakhter 3 ปีที่แล้ว +9

    great video dr webb! definitely something that's not talked a lot about

  • @kmode7936
    @kmode7936 3 ปีที่แล้ว +4

    The average doctor salary in my country - Bulgaria, which is an Eu country is between 500-1800 dollars.

  • @TMM-N
    @TMM-N 3 ปีที่แล้ว +6

    I would expect with 14 years studies and residency and 500k in student debts, i would expect they earn 500k upward

  • @kufregerald1542
    @kufregerald1542 3 ปีที่แล้ว +8

    Thanks for the insights Dr. Webb 🇳🇬

  • @Reiken285
    @Reiken285 3 ปีที่แล้ว +75

    Physician salaries can vary widely even amongst folks in the same specialty group. So many factors go into compensation, so folks should be careful about looking at these averages. You’d be surprised how much (or how little) folks make, especially out here in Long island.

    • @knosis
      @knosis ปีที่แล้ว +1

      New York and big metro areas don't pay as much. Rural is the way to go.

  • @steelsteez6118
    @steelsteez6118 2 ปีที่แล้ว +3

    6:16 if you just want to get straight to the point

  • @michaelprice8222
    @michaelprice8222 3 ปีที่แล้ว +24

    I still don’t understand why it’s so “taboo” for people to talk about their salaries. Not only in medicine but across the board. But specifically in medicine.

    • @iggyzootz1
      @iggyzootz1 3 ปีที่แล้ว +12

      because of haters.

    • @shaunacoleman3306
      @shaunacoleman3306 2 ปีที่แล้ว +2

      @@iggyzootz1 exactly🙄

    • @551223
      @551223 2 ปีที่แล้ว +6

      I agree, I don’t give a shit if people know how much I make

    • @Mein_KampfyChair
      @Mein_KampfyChair 2 ปีที่แล้ว +9

      It was a ploy by businesses to prevent employees from comparing salaries and asking for more money

    • @lets.go.places2gether
      @lets.go.places2gether 2 ปีที่แล้ว +7

      I work in healthcare and we NEVER talk about our salary. because everyone gets different pay depending on their license, years in experience and practice, and certification (for some). Also I think because of jealousy.

  • @armanioliver3588
    @armanioliver3588 3 ปีที่แล้ว +23

    If you take call at a hospital and see someone either in the ER or inpatient. Are you allowed to refer them to come see you in your office for care or potential care or is that allowed?

    • @antoniowebbmd
      @antoniowebbmd  3 ปีที่แล้ว +14

      Absolutely
      That’s how call works

    • @kaitlynkilpatrick36
      @kaitlynkilpatrick36 3 ปีที่แล้ว +3

      @@antoniowebbmd you just can't refer someone for services that you don't directly do but have a financial interest in, correct? Like going to this MRI company because you're an investor or something

    • @mattp422
      @mattp422 2 ปีที่แล้ว +2

      @@kaitlynkilpatrick36 That’s generally true. It’s called Physician Self-referral or, commonly, the "Stark law", named for former U.S. Representative Pete Stark (CA), who was instrumental in the genesis of the bill. It applies to Medicare and Medicaid patients. There are exceptions (we used to call them "safe harbors") and they were formalized by the CMS (which oversees Medicare and Medicaid) in 2020. I’m not aware of any more recent changes.

  • @333angeleyes
    @333angeleyes 3 ปีที่แล้ว +31

    Hi, Doctor Webb. Could you do a video on "what it means/entails to build your practice?" I thought the purpose of joining a group was to get referrals from physicians that are already established. If you have to build up your own clientele, or establish a relationship with a hospital on your own, then what was the purpose of joining a group?

    • @fulltimeslackerii8229
      @fulltimeslackerii8229 2 ปีที่แล้ว

      many hospitals prefer to hire en masse with these groups. very rarely do hospitals have single openings like other jobs

    • @allsportsexpert
      @allsportsexpert ปีที่แล้ว

      @@fulltimeslackerii8229 Unless you are talking about government or HMO owned hospitals like Kaiser, hospitals do not hire doctors. Hospitals do give out exclusive contracts to in hospital specialties such as emergency medicine, radiology, pathology and anesthesia. The rest depends on private doctors who don't get paid by the hospitals for admissions, consultations and treatments.

    • @allsportsexpert
      @allsportsexpert ปีที่แล้ว

      Imagine you have established a good and busy practice over many years and now you recruit a new doctor to share some of the work load, do you really just give out part of your patient population free or will you want a % of the income generated from that portion? It is commonly known as buy in either a lump sum or a % over a certain number of years reducing the amount of money earned by the new doctor.

  • @NursesToRiches
    @NursesToRiches 3 ปีที่แล้ว +21

    I would like to know what this income translates to per hour when you take into account the amount of hours worked to attain it.

    • @sisoelshennawy7289
      @sisoelshennawy7289 3 ปีที่แล้ว +5

      Medschool insiders made a video about that you can check their channl and honestly it's pretty good

    • @NursesToRiches
      @NursesToRiches 3 ปีที่แล้ว +9

      @@sisoelshennawy7289 You're right! I just watched it. Love it, thanks! I made a video recently where I showed mine and my wife's paystubs as Nurses and my effective hourly rate this year was $147/hr, meaning that, if I worked an average of 46/hrs per week (same as what an average ER doc would work) I would be earning 351k/yr.

  • @Unc0mmonSense
    @Unc0mmonSense 3 ปีที่แล้ว +55

    To be honest, I am surprised at how little doctors make relative to the training / schooling involved. Far more lucrative fields in business, sales, etc without the schooling commitment.

    • @crazy808ish
      @crazy808ish 3 ปีที่แล้ว +18

      I don't believe for a second that you have a similiar chart with business jobs making above or around those wages.

    • @medmahieddine
      @medmahieddine 3 ปีที่แล้ว +8

      The stuff you just stated such as business, that is a relatively low % of People. Alot of business graduates have average salaries

    • @Unc0mmonSense
      @Unc0mmonSense 3 ปีที่แล้ว +11

      @@crazy808ish Go look up typical comp packages for Wall Street, Private Equity, Management Consulting, Tech, etc. BigLaw firms are paying 1st year lawyers $200k right out of law school. You can clear $500k as a 20 something year old on Wall Street.

    • @Unc0mmonSense
      @Unc0mmonSense 3 ปีที่แล้ว +6

      @@medmahieddine There aren't any low paid doctors because of the barriers of entry to become a doctor. So average doctor makes a lot relatively speaking. However, the point is that if you are talented / driven, you can make more than a typical doctor in other fields without the barriers to entry or schooling commitment.

    • @medmahieddine
      @medmahieddine 3 ปีที่แล้ว +10

      @@Unc0mmonSense okay read my comment once again. The charts say otherwise. Between risking my financial wellbeing going into business I rather go into med and be guaranteed a nice salary

  • @lane2063
    @lane2063 ปีที่แล้ว +1

    Many things go into how much you’ll bring home. The cost of buying an EMR is exceedingly expensive and because there are multiple options you’d better guess correctly. Malpractice insurance is dependent upon your specialty. Cosmetics is a cash only business so they will always win the day. The rest of us deal with reimbursement rates controlled by insurance companies. Peds and family practice may be at the bottom but you can be a generational physician, taking care of the same family for decades. Drug trials used to be a great way to increase your income, not sure if they are these days. Private practice is a dying breed. The new kids graduating these days want the safety of a salary and no risk. Unfortunately, we’ve started to see (RVU) productivity based pay even in university and hospital settings so the “safety” of those workplaces is decreasing. My advice, do what you love. If you’re lucky you’ll be doing it for decades (43+ years).

  • @kathryncashner3294
    @kathryncashner3294 9 หลายเดือนก่อน

    Let me put this in perspective another way. I graduated from high school with top grades and worked my tail off to pay for my own college with some scholarship money (not a ton). My brother came out of high school 2 years later with barely a C average and went to work as a union laborer in a factory. I did not make as much money as his starting salary until I was a chief resident. That meant 4 years of undergrad, 4 years of med school, and in my 4th year or residency till I saw his starting salary. Then I did a 3 year fellowship at a good university that didn't pay well, so they matched my chief resident salary for those 3 years. Total of 15 years and a lot of educational costs until my salary equalled his starting salary. I'm not whining, and from the time I started in practice, my salary jumped dramatically. But it is only fair to look at 15 years of training, 8 of it potentially accruing a large amount of debt before you see any significant earning.

  • @oliverwinter6764
    @oliverwinter6764 2 ปีที่แล้ว +8

    Thank you for this. Money is important to me and a big factor in weighing up which specialty to apply to (UK) and what I am willing to sacrifice to achieve a certain lifestyle and it is SO hard to find accurate information online.

    • @Brodragon2225
      @Brodragon2225 ปีที่แล้ว

      become youtube doctor then or youtuber

  • @arreyt4864
    @arreyt4864 2 ปีที่แล้ว +3

    I love your channel! Thank you so much for the content.

  • @Aaron_R
    @Aaron_R ปีที่แล้ว +2

    My objection to the medical field is the Med Schools not producing enough graduates. If those salaries are going up because positions are not being filled, that is a sign the medical schools need to increase admittance. Also the internship model for becoming a doctor needs to be revamped to increase the amount of general practice physicians.

    • @chaseauman2406
      @chaseauman2406 ปีที่แล้ว

      Fwiw most medical schools have a set limit they can accept set by their board of regents or bylaws… that number can’t just be increased because of facilities, faculty ratio, clinical site capacity, etc. Not to mention there are also a set number of residency slots (and there are some graduates who don’t even fill those slots now).

  • @2010frankieg
    @2010frankieg 2 ปีที่แล้ว +1

    I thank you so much for actually sharing this!

  • @tommywong3147
    @tommywong3147 2 ปีที่แล้ว

    Family doctors earn around 180k cad in Canada. 140k USD. surgeons I think earn around 180k USD. Average townhome in Canada is around 1 million cad and average detached home is around 1.4 million.

  • @funsize198
    @funsize198 3 ปีที่แล้ว +4

    I've heard docs say MGMA is more accurate than Netscape

  • @FacundoMD
    @FacundoMD 3 ปีที่แล้ว

    Great stuff Amigo !!!! ER is up there 😎

  • @cramsa
    @cramsa 2 ปีที่แล้ว +1

    The BLS has the median and average numbers even by state and city.

  • @safesoundequine8511
    @safesoundequine8511 2 ปีที่แล้ว +7

    Med school is not worth it in the current climate. The loss of life experience, massive debt, abusive schedule, lack of respect and low compensation is unreal. The way this country does doctors is absolutely horrible

    • @0vershadow
      @0vershadow 2 ปีที่แล้ว +1

      As a physician that recently completely residency. I completely agree with you. The abusive schedule alone jaded me and like you said. It takes aways years of not just life experience but also lost income opportunity. Doctors really aren’t rich. We worked hard. Harder than a lot of other careers to be middle class.

    • @zajdabneeg
      @zajdabneeg 2 ปีที่แล้ว

      The climate of healthcare is not worth it. It touches all areas of healthcare. I am a health professional as well and i have friends from across all field of healthcare. We all came to accept that the grass is not greener on the otherside of each profession.

    • @zajdabneeg
      @zajdabneeg 2 ปีที่แล้ว

      @@0vershadow tax alot too.

    • @SandfordSmythe
      @SandfordSmythe 2 ปีที่แล้ว

      This is part of the medical tradition. Don't blame this on the public.

    • @ryaniam22
      @ryaniam22 2 ปีที่แล้ว

      @@zajdabneeg Ya I'm a nurse. I wanted to be a Dr but didn't get in. After working a few years as a nurse man do I wish I took nursing right out of high-school. Because women are I charge of that profession and they always want fluffy bunny stuff you can practically come and go as a term employee anytime you want with any contract length you want. You never have to work your way up the pay scale when you come back. You earn a lot it you work at lot. I came out of school with no debt. If I graduated at 22 instead of 29 from nursing I could have travelled the world for 6 months a year every year and still banked 40k a year. Having seen what Dr's do yes a Dr is a better job if you plan to do it the rest of your life but I'm not that person. A Dr can never travel for 4 months. Not until they are like 40 year old anyways. They buy into group practices costing 100s of thousands on top of their student debt. It takes a decade to pay that back with hard work in a brutal environment (hospitals) for most of them. Nurses have it worse if you work in medicine like me. But then again I can work 6 months and leave for 6 months and repeat....at 22 years old! When you look back at life those who spend their 20's experiencing new cultures got it right. I regret not opening my mind sooner. Those that dedicate life to ungrateful corporate cash flow are the chumps in my opinion. Not that a don't like working. It makes me feel valuable and productive but there is more to life than being a slave to the corporate dollar. Trying backpacking a developing country for a few months. Get a cheap appartment. Such a better life. I realized that I'd have hated being 95/100 doctor jobs too. You still have to be in a hospital where you are a slave to the mouthy verbally abusive patient under Canada's gross public Healthcare system. A patient can literally do no wrong. No matter what you must ass kiss. As a nurse OR a Dr. So forget that. I don't particularly like my job but it gives me a good life. Dr's hate it equally but can't say the same about the good life. With the status Drs might get a sexier wife....you a few years until she goes back to the streets partying like all the hot ones do. Might as well live it up in 3rd world countries yourself. Of course the women in charge of nursing hate when masculine men enter the nursing profession. The are constantly passive aggressive like little weasels lol. But you quickly become valuable on a unit and stamp that out.

  • @Aaron_R
    @Aaron_R ปีที่แล้ว +1

    I'd be curious to see the patient hours/non-patient hours/continuing education hours for each profession.

  • @robertohidalgo782
    @robertohidalgo782 3 ปีที่แล้ว +1

    Thanks for the information Doctor Antonio

  • @lupecrisp5808
    @lupecrisp5808 3 ปีที่แล้ว +1

    I just realized I was following you on you tube! I transferred from Stone oak pacu to Main’s pacu! So cool!! Now I can say I met a you tuber in person 😎.

  • @aviationhd2554
    @aviationhd2554 2 ปีที่แล้ว +3

    Great Video Dr Webb, thank you for your transparency! Please do more finance videos if possible please!

  • @jonathanlau6964
    @jonathanlau6964 2 ปีที่แล้ว +7

    I am quite confident that you are correct in that those are the numbers. The challenge is that it does not take into account of a million other factors that affect how much you as a surgeon gets to take home. 1) What is your overhead? 2) How much malpractice insurance do you have to pay? 3) How much do you need to pay to your respective colleges, boards, state certification (Sorry I am Canadian so it is provincial), etc... 4) How many hours are you working? If you are working twice or 3 times as much as a 40 hour work week... then you are only making between $250 000 or $160 000 compared to the person who works a 40 hour work week with respect to time. 5) How much debt did you incur and delayed income did you have as you completed your 4 years of undergrad, 4 years of medical school, 5 years of orthopedic residents and 2-3 years worth of fellowship and how would the money you made - say worked really hard and made $50 000 grand out of highschool (I am sure unrealistic, but you hustled and worked 80 hours a week and continued to only make $50 000 grand all those years and didn't move up in the world - that would equate to at least $750 000). Where as coming out of all your training... you may be $300 000 in debt? So that person made 1 million dollars more than you over that time. And also didn't have to do between 80 and 120 hour work weeks. 6) A lot of other workers have pensions, have coverage for health insurance or dental or injury... we have to pay for all these. And no... we do NOT get a pension. Our money at least in Canada gets taxed 50%. That means if we make $500 000, then we only take home $250 000. Again... it is not about the money, but... if you are trying to get into medicine for the money you are an absolute fool. There is only one thing that I will say about medicine as it pertains to money that I think is good. If you are a good doctor and hard working and caring and don't do anything stupid or crazy. You technically could have a job for life. You won't necessarily get fired because your company is downsizing. You won't get let go cause there is a younger doctor who is more up to date and is going to ask for less money. You are your own boss. But you need to be smart with your money. Pay off your debts and save for your retirement. Okay... nobody is reading at this point, but that is why I hate it when people ask this question about how much you make. We are paid well. We deserve it. But compared to a lot of other jobs, medicine is not a smart way to become rich and wealthy. Not even close.
    Thanks for your candour and I appreciate you discussing an uncomfortable topic, but I do feel that this is only part of the story and the few things that I pointed out... are just the tip of the iceberg. I am sure someone far more educated than me can point out a thousand other things where these salaries don't hold up to your regular 9-5 office person.

    • @blackjecha437
      @blackjecha437 2 ปีที่แล้ว +2

      you are right dude.medicine is not as lucrative as it sounds

    • @harveylin3548
      @harveylin3548 ปีที่แล้ว

      @@blackjecha437 Isn't there a calculation that says a doctor really makes about $30 a hour at the end of his career when you count the hours and loans taken out.

    • @Bhg265
      @Bhg265 ปีที่แล้ว

      @@harveylin3548depends on the specialty, average salary for spine surgeon in Midwest/south is 900k, peds is south of 3, so big range in gross lifetime earnings.

  • @ILoveMyPomeranian-p6l
    @ILoveMyPomeranian-p6l 7 หลายเดือนก่อน

    I think predicting MD income can be tricky given how many different factors are involved. As the daughter of a psychiatrist (who is now in his mid-70s and only does telemed) I can tell you that he made 500k at the "peak" of his career. This wasn't purely a result of working for just a hospital.
    1) He worked at a rural hospital that did not have a single psychiatrist so they paid him big bucks because it was an under served area and quite frankly they were desperate for a psych.
    2) He worked at multiple clinics (some state run) and also had a very active private practice (he had 4 separate office locations at one point).
    I remember him working A LOT, like all the time lol but he loved being a psychiatrist.
    Making 500K as a psych was unheard of at the time, especially in the 90s. My point here is that the stats you find online are likely salary based and won't paint a full picture. I've never seen stats for example on how much each specialty could make doing just out-patient and/or private practice. And bigger hospitals don't always pay more than smaller hospitals given the latter may be more willing to pay a higher salary if they are in dire need of docs in a particular specialty. And yes I know a lot has changed since the 90s! But he practiced until 2014 and was still doing very well. He still gets calls from "recruiters." The last one was for a VA hospital and they were willing to pay 400K-600k!! But he'd have to move back to the sticks. 🤣

    • @ALISHISNOIUS
      @ALISHISNOIUS 7 หลายเดือนก่อน

      Makes sense now. Lol daddy's girl pushing the false cdc narrative.

  • @angelli9644
    @angelli9644 2 ปีที่แล้ว +1

    And what about the taxes? Do they have to pay more money? How much money more?

  • @KohenChia
    @KohenChia 2 ปีที่แล้ว +1

    What exactly does it mean for a spine surgeon to have a private practice? Like... do they take out a business loan to build an operating room in a strip mall shop space or something and hire a bunch of radiologists and nurses...?

  • @dsmith5940
    @dsmith5940 3 ปีที่แล้ว +9

    Typically, gross takings are quoted as if a ‘take home’ salary. This completely ignores the cost of facilities, staff etc, however the doctor may contribute to these overheads (percentage of earnings, flat-fee, pay as you go). It’s nonsense.
    It’s about as accurate as assuming the profits of a business you hold shares in, will reflect your own ‘income’ from your shareholding.
    Or, ‘ignoring’ your mortgage, utilities, any other loans, and your food & car expenses in equating your wealth in ‘disposable income’ terms, to your annualised salary.
    ‘Bears no relation’, basically

    • @jorgechidote
      @jorgechidote 3 ปีที่แล้ว +4

      He talks about all of that in those videos that he mentioned within this video.

    • @crazy808ish
      @crazy808ish 3 ปีที่แล้ว +1

      Just taxes alone on $500k income means you should subtract about $151k to get the actual number you'd be working with.

    • @arthrodea
      @arthrodea 2 ปีที่แล้ว

      I bill in the well into the millions of dollars for my hospital. My take home pay is obviously a small fraction of that. So all the other money is going to overhead.

  • @db3467
    @db3467 ปีที่แล้ว

    The orthopedic guy who fixed my cervical spine saved my life!

  • @hospitalmike1723
    @hospitalmike1723 2 ปีที่แล้ว +6

    What would be an estimated production/collection of the practice for a single orthopedic surgeon owner who makes $500k annually?

  • @Cosmystery
    @Cosmystery 2 ปีที่แล้ว +1

    it all depends on how much you work.. you can make less than what you see on there or you can work a shit ton and make way more than what you see.. all depends on you and the spectrum varies.

  • @achintrastogi3240
    @achintrastogi3240 2 ปีที่แล้ว +3

    We all know that there is not a fixed number for salary in any profession . Most of these videos waste time in just explaining there are a lot of factors without providing any significant info. .

    • @YOURMOM-mu2yv
      @YOURMOM-mu2yv 8 หลายเดือนก่อน

      Unless you have a military pay grade

  • @R20-d4t
    @R20-d4t 3 ปีที่แล้ว +1

    you all should be looking at the median salary and not the average... average is skewed the median is not

  • @michelelindseth8250
    @michelelindseth8250 2 ปีที่แล้ว +1

    When l worked in medical coding and billing l learned the truth about the deceitful tricks
    pulled by insurance companies including Medicare,

  • @emekaemmanuel5258
    @emekaemmanuel5258 2 ปีที่แล้ว +7

    Honestly it's true. I agree that salaries vary. However, the medical field is where you make the amount based on how much work you do. Any spinal surgeon making less than 300k-400k yearly (who's not in academics) should switch careers because they are not making close to their potential. Same goes for those in neurosurgery, plastics and even dermatology.

    • @mogamethanu
      @mogamethanu ปีที่แล้ว

      Agreed, someone is ripping you off if you are working average hours and making less than that in one of those fields

  • @robertodanilorodriquez5871
    @robertodanilorodriquez5871 2 ปีที่แล้ว +1

    But I wonder if the medical malpractice insurance is higher for those Specialties being that people can really mess up in cosmetic surgery or other and get sued. And I wonder how much of that money will be going to school school loans before they see their bottom line.

  • @Sakurapedaler
    @Sakurapedaler 2 ปีที่แล้ว +5

    So would you say that generally a surgeon in private practice would be more likely to suggest surgery, because it affects his/her bottom line (versus a salaried surgeon employed by a hospital, who will be paid the same whether or not he/she recommends surgery)?

  • @drago4803
    @drago4803 2 ปีที่แล้ว +1

    In india avg salary orthoped is 27000 dollars

  • @blipblop92
    @blipblop92 ปีที่แล้ว

    Medical is always good pay, get into it to change your life.

  • @lopj456
    @lopj456 2 ปีที่แล้ว +3

    Can you talk about the stress doctors have and burnout?

  • @S373N1
    @S373N1 ปีที่แล้ว

    Neurology is on the list !

  • @Kwippy
    @Kwippy 2 ปีที่แล้ว +3

    DID YOU KNOW that there are more millionaire doctors in the US than any other profession?
    Did you also know, that the suicide rate among doctors is higher than any other profession?

  • @naveedrehman2987
    @naveedrehman2987 2 ปีที่แล้ว +7

    That “nice” salary doesn’t include income taxes. Uncle Sam is going to tax the $*** out of that income before you DOCS ever get paid.
    P.S. you docs do a very noble job taking care of all of us. My hats off to you.

  • @ares8752
    @ares8752 3 ปีที่แล้ว +17

    Greetings Dr.Webb, I was wondering do these salary represent both private and hospital based physicians?or is it only for private practice/hospital based physicians?

    • @antoniowebbmd
      @antoniowebbmd  3 ปีที่แล้ว +9

      Both across the board. It varies so widely though

    • @wisdomandlove1661
      @wisdomandlove1661 3 ปีที่แล้ว +4

      @@antoniowebbmd You entered the field at the right time and the right age. imagine people who started later in age?

    • @ares8752
      @ares8752 3 ปีที่แล้ว +1

      @@antoniowebbmd Thanks

    • @darcychiropractic378
      @darcychiropractic378 2 ปีที่แล้ว

      @@antoniowebbmd Being you are in private practice are you responsible for paying your own malpractice? I would imagine for a spine surgeon that could be costly.

  • @jayme5280
    @jayme5280 2 ปีที่แล้ว +1

    more details would have been helpful. is this $500k salary after or before you figure in office expenses and staff salaries? is 500k pre-tax and deductions or after?

  • @hinglemccringleberry9494
    @hinglemccringleberry9494 2 ปีที่แล้ว +1

    I figured med school debt was closer to half a million, a quarter mill is a pretty good trade off

  • @foyivostanley5495
    @foyivostanley5495 2 ปีที่แล้ว +1

    Most general practitioners in my country make averagely $6000/year😞. I'm writing the USMLE ASAP.

    • @blackjecha437
      @blackjecha437 2 ปีที่แล้ว

      which country is this

    • @Human-wi7qx
      @Human-wi7qx 2 ปีที่แล้ว +1

      I mean you know that salaries are related to economic state of the country? Probably this salary is considered high in your country…i would assume everything is much cheaper than the (US).

  • @Jaybud1
    @Jaybud1 2 ปีที่แล้ว +1

    Hello my local doctor sir I also live in San Antonio ok today is Jan 03rd’23 so
    I’m hoping we all won on HR8800? Please tell this bill passed 😬 thank you doctor

  • @danpress7745
    @danpress7745 2 ปีที่แล้ว +2

    --Hey Doc, great VLOGs. Wondering why the cost of Med school is soooo expensive? I'm an engineer, have taught, so I know firsthand the cost of outfitting an engineering lab (school). Equipment is high $. but, engineers tuition is nowhere near that of Med school.

  • @Thesgfire
    @Thesgfire 3 ปีที่แล้ว +6

    So umm....... what did you make your first year specializing in spine surgery? That's what we all want to know, haha :)

  • @DocPortland
    @DocPortland 2 ปีที่แล้ว +2

    What is criminal is how much MD’s make during their first years of residency… most people don’t know often nurses are making more than the MD’s during the first few years of residency.

    • @blackjecha437
      @blackjecha437 2 ปีที่แล้ว

      sure its cruel

    • @tristanskipworth4377
      @tristanskipworth4377 2 ปีที่แล้ว +1

      All nurses make way more per hour than any resident. Part of it.

    • @SandfordSmythe
      @SandfordSmythe 2 ปีที่แล้ว

      Getting paid to be trained?

  • @persadsanjay
    @persadsanjay 2 ปีที่แล้ว

    Yes, but as you said it takes many, many years as a specialist to establish yourself, and again it depends on the specialty. And now the new generation is advertising their medical services indirectly and markets themselves well.

  • @それぞれに死
    @それぞれに死 2 ปีที่แล้ว +2

    I have been watching your channel for 2 years
    And this video is awesome 👏, I like the improvement of the video quality
    Keep it up 👍

  • @pimpmycoolwheels
    @pimpmycoolwheels 2 ปีที่แล้ว +2

    Thanks Dr Webb! Follow up question: are these figures of revenue prior to or net after deductionss, office expenses etc?

    • @winter7091
      @winter7091 2 ปีที่แล้ว +1

      before taxes/etc.
      a doctor i spoke to made around 400k but he had to pay his nurse, front desk worker, rent for his clinic, rent for some of the equipment... after all that and taxes.. he made less than 200k... and he works M-Sat
      9am-7pm
      edit: he also has tech to draw blood/do labs. Oh and malpractice insurance for the practice and health insurance for his office

    • @PranayBrajabashi
      @PranayBrajabashi 2 ปีที่แล้ว

      @@winter7091 how does he survive ?

    • @winter7091
      @winter7091 2 ปีที่แล้ว

      @@PranayBrajabashi he also moonlight/on call

    • @PranayBrajabashi
      @PranayBrajabashi 2 ปีที่แล้ว

      @@winter7091 can you tell me how much Internal medicine doctor earn by private practice ( after tax and malpractice insurance)

    • @winter7091
      @winter7091 2 ปีที่แล้ว

      @@PranayBrajabashi definitely less ... since the doctor I spoke to was a specialized doctor.
      It honestly depends on how you decide to run your practice (with/without partners).
      Also the salary of an internist changes based on state (income tax, state tax), salary/contract etc. Can't really give you an exact number

  • @nusaman
    @nusaman 3 ปีที่แล้ว +3

    Besides taxes, Are these number net of insurance and other major expenses ? If he has $40k of monthly overhead (like he mentions in another video) is the $500k above and beyond that? So he grossed about $1m? Is that right.

    • @APerson-zf3rz
      @APerson-zf3rz 2 ปีที่แล้ว

      Salary is usually gross

    • @nusaman
      @nusaman 2 ปีที่แล้ว

      @@APerson-zf3rz usually But in doctors case it really cannot be. He mentions that he has a $40k /month overhead he needs to pay to the group/partner to pay for his share of overall expenses. So obviously he can’t be making $500k per year gross. That would net him nothing at the end.

    • @tristanskipworth4377
      @tristanskipworth4377 2 ปีที่แล้ว

      These are what the physician is paid. Private practice will usually earn much more than the medscape list

  • @talhaasad4810
    @talhaasad4810 2 ปีที่แล้ว +1

    Alright but 500k with or without tax? And how much tax does a doctor have to pay in his/her private practice or total income coz I believe its important to know about 😅

  • @nadeepmelmsamphbsha3718
    @nadeepmelmsamphbsha3718 2 ปีที่แล้ว

    After paying taxes, staff, lease, and malpractice what is their net. less than a nurse in many cases.

  • @UbaidKhan-mi6hq
    @UbaidKhan-mi6hq 2 ปีที่แล้ว +1

    He did say how much he makes

  • @Maxumized
    @Maxumized 2 ปีที่แล้ว

    What matters is what you take home after taxes and expenses.

  • @beatyz2
    @beatyz2 ปีที่แล้ว

    This guy is looking real good since the last time I watched one of his videos! He has that attending glow. He has time to look after his health 🫰🏿🫰🏾

  • @originals_sa
    @originals_sa 2 ปีที่แล้ว

    Its a simple question you should answer it within 3 mins maximum

  • @maximumovermuslim6337
    @maximumovermuslim6337 2 ปีที่แล้ว

    The English of that text broke my brain

  • @Lemonade_Stand_
    @Lemonade_Stand_ 2 ปีที่แล้ว +1

    You should compare salaries around the world. Even just between Canada and US there is a difference

  • @rob7652
    @rob7652 ปีที่แล้ว

    I made $550,000 as an Hospitalist physician in 2022.

  • @MatadorM9
    @MatadorM9 ปีที่แล้ว

    I'm interested in knowing what percentage of a doctor's salary take home after taxes, insurance or other expenses. Thank you.

  • @winter7091
    @winter7091 2 ปีที่แล้ว +1

    its so unfair that residents earn only 50-60k starting, while working on average 70-80hrs/week.
    its literally slavery for 4-7years depending on specialty. then followship... ugh

  • @Scriabin_fan
    @Scriabin_fan 2 ปีที่แล้ว +1

    As a supporter of universal healthcare, I think we must first make medical school and college free so we can eliminate student loans. That way doctors can be paid less without it hurting.

    • @samwalsh8299
      @samwalsh8299 2 ปีที่แล้ว +1

      They shouldn’t be free. But the government should subsidise the cost of medical schools and universities for US born students, like European countries. But also more medical schools is quite important as demand will always mean it’s less accessible.

    • @SuperSilverJay
      @SuperSilverJay 2 ปีที่แล้ว

      Nothing is free. Someone will have to pay for it. The question is who? And what will be the consequences of that?