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Partnership track
Knowing there are variations across the US, what would you say is the current average length of partnership track in the Southeast?
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31 Replies
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Good to hear there are still partnerships out there. Id want to know what kind of partnership- the phony or corporate kind or a real arrangement where you split everything fairly. The latter are going the way of the dodo bird.
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I recently became a partner in a large equitable group (Midwest though). Ours is 3 years for new grads, which I think is a bit longer then average, but well worth it to be part of this group.
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Ill bet the average in the southeast is about two years.
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1-2 years. The market for new rads is fairly slim right now, so if it’s 3 or more, the senior partners might be the same type to screw you later on. 1-2 years to me means they are interested in quality people for equal pay.
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^^ 1-2 year partnership track has infinite more risk as buyouts by corps and takeovers by universities are accelerating everywhere.
Not to mention that many young rads seem to think partnership has a universal definition in radiology only to be very unpleasantly surprised in many cases…
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That logic doesn’t work. The risk of being taken over or bought out isn’t going to change significantly between year 2 and year 3 or 4. And if you are buying into a partnership at year 2-3 and someone buys you out, most fair groups would give you your fair cut. As far as “infinite more risk” with partnership vs employee…name 5. Partners make more money, have better retirement/benefits typically, have more job security, get to have a say in how their practice is managed and where it is heading, and often times get more respect from referring clinicians as they are now a permanent part of the team. Yes, the group may get taken over or bought out, but that risk is still there if they are an employee. It’s no easier to find a new gig for them as it is for a partner.
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^^ the risk of a partnership track these days is that you become a corporate employee after the hard work, kissing ass and giving up income on a partner track to nowhere.
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In the land where radiologist-owned-and-run private practice groups always split everything equally, the men are brave and the women beautiful, and around a big Round table do King Arthur and his gallant knights sit.
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Yes, we are an elusive bunch.
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2 years in my part of the southeast including my practice.
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Partners … often times get more respect from referring clinicians as they are now a permanent part of the team.
Hmmm… a bit of hubris here?
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If coming in with experience of 2 plus years, one should attempt to negotiate both a shorter track and higher up front comp
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Quote from dr77767
Partners … often times get more respect from referring clinicians as they are now a permanent part of the team.
Hmmm… a bit of hubris here?
No. Just reality. Now many referrers wouldnt know the difference between a permanent associate and a partner, but they do know the difference between a locums or a new associate and a partner. There is a reason the more experienced rads get asked to review cases a locums or new associate has read.
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we are, and have been for 2 decades, 1 year.
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^^ your location is a sacrifice for most
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Quote from Drrad123
^^ your location is a sacrifice for most
Yes, and our salary and partnership track reflect that.
Still, there is no location that I feel justifies a 3 year or longer partnership track.
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No justification for > 3 yrs but demand from rads makes it possible just like your group has to do a 1 yr in order for anyone to consider living there. Just like there are bottom feeding rads taking telerad cases for 18/rvu.
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As an experienced radiologist, for the right job, I will consider two years, 85% of partner salary year one, 90% year 2.
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Partners get asked to review cases bc the clinicians know them. Its simply familiarity.
It has nothing to do with competence and I would say there are a ton of incompetent partners who put crap reads out.
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I got two years on the track but salary years 1 and 2 is about half of partners. I know this sounds like a huge paycut, but starting salary is about average PP range, partners just make a lot (for now). I can’t imagine going anywhere near anything with a longer than 2 year track in this climate.
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Quote from IR27
It has nothing to do with competence and I would say there are a ton of incompetent partners who put crap reads out.
Yeah, those partners don’t get asked.
Do you think a radiologist will send their relative to the new hot-shot spine surgeon ?
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To join a solid group where I really wanted to live, Id have no problem with a two or even three year partnership track if no better alternative were available in the area. Between waiting an extra year and settling down in a different city altogether, the decision is a no brainer.
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Mine is 10 years. I live in a lower Manhattan high rise. I make $200k per year
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Are you serious ? Never heard of such a situation.
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You are getting so screwed
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Thanks for the info. I will be starting the job search soon and wanted to get a finger on the pulse of these things. Seems like 2 yrs is the average. Hypothetically, would 3 yrs to partnership joining a stable group in a less desirable location seem reasonable? I guess what I am asking is should an extra year to partnership dissuade one from taking a job if it only seems to be the difference of salary for 1 additional year as opposed to pursuing a job in a place that has only 2 yrs to partnership?
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Quote from Raddoc32
Thanks for the info. I will be starting the job search soon and wanted to get a finger on the pulse of these things. Seems like 2 yrs is the average. Hypothetically, would 3 yrs to partnership joining a stable group in a less desirable location seem reasonable? I guess what I am asking is should an extra year to partnership dissuade one from taking a job if it only seems to be the difference of salary for 1 additional year as opposed to pursuing a job in a place that has only 2 yrs to partnership?
If the location is less desirable, no point in considering a even longer track. That’s the whole point. Some of us are stuck and restricted to ‘desirable’ locales, hence have considered longer tracks. If you’re going down the partnership rabbit hole, keep your track as short as possible..And make sure you know what ‘partnership’ really is.
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My experience is most average 2-3 years and less desirable locales should equal short track and more pay ideally but definitely shorter track. As mentioned make sure you ask what partnership is and dont be afraid to ask Ive made that mistake. In todays medical climate it is also important to get an idea if you can on how likely a group is to sell out to corporate raiders. From personal experience groups arent always truth will the people they interview for jobs.
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Quote from vanilla corn
My experience is most average 2-3 years and less desirable locales should equal short track and more pay ideally but definitely shorter track. As mentioned make sure you ask what partnership is and dont be afraid to ask Ive made that mistake. In todays medical climate it is also important to get an idea if you can on how likely a group is to sell out to corporate raiders. From personal experience groups arent always truth will the people they interview for jobs.
Regardless of location, for a new grad I think 2-3 yrs is reasonable, and for an experienced rad I think 1-2 yrs…Ask about buy-in amount and how this is paid. Also ask about partner income fluctuation for past 4-5 yrs -
This discussion feels like its 2001 and there are partnerships everywhere. The reality is that when I look on ACR job site I see mostly telerad, corps, and other employee arrangements. I can count the true partnerships available within 100 miles of here on one hand. There must be some parts that are still ok, for now.
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Quote from Drrad123
This discussion feels like its 2001 and there are partnerships everywhere. The reality is that when I look on ACR job site I see mostly telerad, corps, and other employee arrangements. I can count the true partnerships available within 100 miles of here on one hand. There must be some parts that are still ok, for now.
You won’t find those positions on the ACR site or hawked by a recruiter.
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