March 5, 2010
Doctor Dollars
This CNNMoney.com article is fascinating, at least to me. A doctor opens up about his clinic/practice in terms of the financials of it. As a small business owner, I have a complete appreciation for the decisions he has to make in terms of his business. At the end of the day, it is a business.
If you think your business has to fund some extraordinary insurance policies, wrap your mind around this information:
Fixed costs for a private practice also include malpractice insurance. He pays about $7,000 a year for himself and $2,000 each for his two nurse practitioners. Schreiber admits that his cost for malpractice insurance is relatively low, compared to specialists such as ob/gyns, who pay upward of $100,000 a year.
I just about did a spit take that would have showered my laptop with coffee. Anyway, it is an interesting read.
