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!