Starting Own Medical Practice – Salary Difference?

What’s the salary difference for a physician working at a hospital and one who has their own medical practice?

Would any business training be required to start your own medical practice?

I’m currently a undergrad majoring in pre-med and want to know if I should take any business courses.

I’ve heard of doctors who start their own private practice and make millions. Is this true?

That depends on a lot of things. What type of physician are you planning on becoming? Where are you planning on opening a practice? All of these things will determine your income. Typically a salaried physician makes around $130,000 – $200,000 annually, again depending on his/her specialty and region.

If you open your own practice, it is possible to make really good money. We bill for companies that bring in millions a month. This is determined by your location, your specialty and your patient base.

You don’t have to take any business courses, I don’t think it would hurt. I would suggest, however, that you hire yourself an excellent Manager or a Billing Company to handle your business matters. This can make or break you.

Good luck with your career path!



  • That depends on a lot of things. What type of physician are you planning on becoming? Where are you planning on opening a practice? All of these things will determine your income. Typically a salaried physician makes around $130,000 – $200,000 annually, again depending on his/her specialty and region.

    If you open your own practice, it is possible to make really good money. We bill for companies that bring in millions a month. This is determined by your location, your specialty and your patient base.

    You don’t have to take any business courses, I don’t think it would hurt. I would suggest, however, that you hire yourself an excellent Manager or a Billing Company to handle your business matters. This can make or break you.

    Good luck with your career path!References : 13 years Medical Management Experience

  • You are premedical, you should study hard to get in medical school because so many azn guys spend 12 to 16hr a day on book.

    Those medical management charges a big portion from your bills.

    You needn’t take any business course, just let you know, the first several year, you can’t make money at all because no patients show up and the insurance of malpractice is very high.
    References :


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