How To Make More Money As A Family Doctor: Billing Tips / Seminar For Students 2024

There are some things that you learn in medical school, some things that you learn in residency... and some things that no one teaches you. It's unfortunate but this has been my experience in speaking with many residents and new staff physicians. So today, I asked a billing specialist from doctor care to explain how family medicine billing works in Ontario and to share some tips on how to make family medicine as a specialty more attractive to new doctors.
#FamilyMedicine #Doctor #doctorcare
DoctorCare Free Resources For Billing: www.doctorcare.ca/content-lib...
⏳Chapters
Preamble: 0:00 - 1:11
Introductions: 1:12 - 3:35
Practice Models Explained (FFS, CCM, FHG, FHO): 3:36 - 13:11
In Basket vs. Out Of Basket Codes: 13:12 - 17:20
How To Bill Smarter, Not Harder: 17:21 - 20:17
High Yield Codes To Know: 20:18 - 24:31
Can Family Doctors Make Surgeon Money: 24:32 - 27:27
Closing Thoughts / Tips: 27:28 - 32:07
Bio:
Hi everyone, it's nice to meet you 🤙 My name Is Gianluca and I'm a second year family medicine resident physician at McMaster University in Ontario, Canada. I'm just trying to document my experiences throughout my medical training and beyond to hopefully help inspire/guide some other students... and make things more fun for myself :) I post a new video once per week.
Feel free to contact me on TH-cam or Instagram if you have any questions.
📬 Follow Me On Social Media
Instagram - @NXTgenMD
(That's all... medical residency and TH-cam keep me busy enough 😅)
🎹 Music
All music comes from Epidemic sound.
🎥 Stock Footage
Via Pexels.com

[@nxtgenmd]

Hi everyone, thanks so much for tuning in to this week's video :) Please leave comments below if there's anything that I can help with. Just a few things that I'd like to discuss at the onset though.
1) These tips / discussion points involve family medicine in Ontario. Things work differently in different parts of the country, but a lot of the underlying concepts are similar 🇨🇦
2) My bias is very clearly as a family doctor who has been looking at long term practice. There are many doctors in Ontario that have gone public by saying that they needed to close their practice because they didn't make enough money to sustain the business. I'm not trying to put these people down at all. I am only trying to (hopefully) provide insight about why finance and medicine is a lot more closely integrated than I think most people imagine at first 📈
3) *For students*: I will very likely be slowing down on financial discussions here for the next few months. These talks are nuanced, highly political in nature and with a high barrier of entry. If anyone would like to learn more, many doctors and billing experts are happy to share what they know - especially with other students. Please ask questions as you go through your training and do not let a single jaded physician change your mind about a career choice. Focus on finding mentors that have made it work for them and learn from what they've found success in 💪

[@capitalp6577]

This video is THE BEST summary of family medicine finances and is completely hidden or ignored in medical schools. We need more transparency like this so false info like doctors being paid with prescriptions do not spread throughout the public. Thanks NXTgen!!

[@nxtgenmd]

Glad it was helpful dude :) Good luck!

[@taekminkim8937]

Amazing video! Thank you this is really helpful as a 1st year medical student trying to figure out the financial aspect of becoming a Family doctor.

[@nxtgenmd]

Glad to hear it :) good luck with your studies

[@AtifHussain93]

Great video! This is an excellent summary of the models. Don't know why the information is so difficult to access here in Ontario.
I'm a new attending just like you. I've been grinding at walk ins about 80 to 100 patients a day 7 days a week to pay off my student loans. While it is lucrative akin to neurosurg money, it's not really sustainable long-term. I agree that the FHO seems like the ideal balance, but it comes with its own set of worries about being dinged by your patients using walk in clinics.

[@AtifHussain93]

@@chuksezeike3183 It's doable in a walk-in clinic but you can't really provide proper comprehensive care in a primary care setting. It also depends on the level of support you have in triaging and nurse assistance. Depending on the clinic someone could see about 10 to 12 patients an hour. Most people work about 7 to 8 hours to see 80+ patients.
I really finish my notes on time before I move on to the next patient either through artificial intelligence or through no templates. Unless the patient is very complicated where I'll have to actually spend a larger amount of time sitting down and documenting every fine detail.

[@nxtgenmd]

Thanks for sharing :) I agree that there’s pros and cons to the different models. Glad this one if working for you. Best of luck with work 💪

[@Djme2]

You're making 100k / month doing this?

[@chuksezeike3183]

Not even close.

[@Djme2]

@@chuksezeike3183 90 patients x 30 days x $38 = $102k - x overhead which would problem be a fixed amount at such a high volume. the numbers work but Im more so asking about the ability to actually do this every single day.

[@lovelylu100]

Thank you for this content!

[@nxtgenmd]

Glad it helps :)

[@powermed5033]

❤ u great bro

[@jcee8493]

What exactly are your office hours and does your office have a website? The first time I tried to get an application form was my fault, I forgot that it was Wed afternoon; and even though I know you're not in on Friday's I figured someone would be there so I could just grab a form but it was closed then too. I'm gonna try again tomorrow (tuesday) afternoon, hopefully 3rd times the charm 😄

[@nxtgenmd]

Hey :) sorry we missed you - come by tomorrow anytime from 10-4 PM if you’d like. Thanks

[@O46185O]

🧠