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simonmed imaging
Posted by CT128 on March 19, 2023 at 6:27 pmAnyone know if Simonmed is a PE backed outfit and what work and pay are like?
ljohnson_509 replied 1 year, 6 months ago 9 Members · 17 Replies -
17 Replies
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I hear they suck hard. If you suck hard, you should give them a shot though.
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Pay from what I hear is around mid 30s per rvu. Not optimal.
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Unknown Member
Deleted UserMarch 20, 2023 at 5:30 amSold to private equity 2 years ago. $25 to $30/RVU
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Unknown Member
Deleted UserMarch 20, 2023 at 6:56 am30 per wrvu is a temporary thing. PE profitability with current payer reimbursements really requires mid twenties per wrvu.
Envision and Vrad have paid 20. This is likely where most players will want to be when the they get enough market share to start controlling market rates.-
Unknown Member
Deleted UserMarch 20, 2023 at 7:58 amUnfortunately i agree. Those larger players have the power to set the market as well..
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Unknown Member
Deleted UserMarch 20, 2023 at 8:46 amThe individual radiologist is weak and historically has had a high income. Wall street has smelled this. PE bros can smell blood from miles away. It’s a sixth sense.
PE bros can get this money. PE bros should get this money. The reading fees belong to the stronger.-
Unknown Member
Deleted UserMarch 20, 2023 at 10:57 am
Quote from drad123
The individual radiologist is weak and historically has had a high income. Wall street has smelled this. PE bros can smell blood from miles away. It’s a sixth sense.
PE bros can get this money. PE bros should get this money. The reading fees belong to the stronger.
The PE bros are in fact alpha dogs, my brother is one, but not relating to radiology. They will take your lunch, and eventually eat it in front of you. That’s their job.
So best to keep them out of your tent, because our core competency is a separate skill set.
Don’t even meet with them.-
I agree with Boomer. I have close friends and family in the industry and they have no hesitancy in laughing directly at me while sharing their interactions with doctors. They make it clear that doctors have absolutely no business sense and they are absolutely exploited by PE/the business world, often without a clue. One told me that the worst part of dealing with doctors was that the doctors were so incredibly confident in themselves, all while this PE person was draining everything of value from them.
Avoid at all costs.-
Quote from sandeep panga
I agree with Boomer. I have close friends and family in the industry and they have no hesitancy in laughing directly at me while sharing their interactions with doctors. They make it clear that doctors have absolutely no business sense and they are absolutely exploited by PE/the business world, often without a clue. One told me that the worst part of dealing with doctors was that the doctors were so incredibly confident in themselves, all while this PE person was draining everything of value from them.
Avoid at all costs.
Maybe I am missing something but seems like PP partners who sold to PE during the early years got a really good deal (far from being exploited)…We will see how this plays out in radiology but seems like PE may be also be overly-confident and not fully grasp the way HC works-specifically with respect to radiology (eg. Fixed training spots, large % of baby-boomers who can retire, and increased imaging volume annually)-
Regarding simonmed,
If you are making 20-30/wRVU reading easy ER cases for big box telerad then you can make much more I think than reading oncology, pet, body mr at simonmed at that rate? Am I missing something?
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Unknown Member
Deleted UserMarch 21, 2023 at 4:32 amI am curious if u do neuro for simonmed would it be harder or easier to produce rvu than your typical Ed shift? I mean er has CT head and stroke Mr but occasional cta with runoff… I am sure outpatient at any big cancer center would be tough, but are outpatient studies in private practice your typical “anxiety rule out mass or stroke”
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Unknown Member
Deleted UserMarch 21, 2023 at 5:09 amDoing neuro (all MRI) or mammo (3d screeners) at Simonmed from home is the best gig out there. heard from a friend….
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Unknown Member
Deleted UserMarch 21, 2023 at 8:42 am
Quote from Sir Read Alot
Doing neuro (all MRI) or mammo (3d screeners) at Simonmed from home is the best gig out there. heard from a friend….
Flip side – general rads at Simonmed one of the worst jobs out there.
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I guess the only plus of simonmed for non neuro/breast would be hours and no call?
Otherwise to make 400k you have to read at the 90%+, but reading tougher cases than big box telerad er.
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Quote from drad123
The individual radiologist is weak and historically has had a high income. Wall street has smelled this. PE bros can smell blood from miles away. It’s a sixth sense.
PE bros can get this money. PE bros should get this money. The reading fees belong to the stronger.
While I get your general point, to me the individual rad has never had as much power…I’m in a small/mid-sized traditional PP group (around 35 rads or so), and losing 2-3 rads could equal implosion
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depends if you are on-site or tele. have done on-site and have a good friend who does tele. On site if just crankin through the list – if you are non subspecialty trained – lots of US/PF with occasional CT – pretty mundane. few arthrograms. pay was decent – would say average-ish. thats was my personal experience