Compensation

How much did your income change going from associate to owner?

Seriously considering buying a practice but terrified of the financial risk. Currently making $200k as an associate, pretty comfortable. For those who made the jump: what was the income change in year 1? Year 2? When did it start feeling worth it? I know it varies wildly, just trying to get some real numbers from people who've done it.

Buy-in offer seems predatory - need reality check

Owner is offering me a 20% buy-in for $400k. Practice does about $2.5M annually, he says EBITDA is around $600k. The terms: - $400k upfront (I'd need to finance) - 20% of profits after that - 5-year buyout option for remaining 80% - Non-compete within 10 miles for 3 years if I leave This feels like a lot of money for 20% and the non-compete is scary. Am I being paranoid or is this actually a bad deal?

What's your daily rate as an associate?

Trying to benchmark. What's your daily rate (or equivalent if you're on salary + production)? Include: - Your rate - Years of experience - Geographic area (HCOL/MCOL/LCOL) - Practice type (private/DSO/specialty) Trying to figure out if I'm being lowballed.

5 years in, still at $180k. When do I push for more?

I've been at the same practice for 5 years. Started at $150k, got bumped to $180k after year 2, and haven't seen a raise since. I'm producing well over $1M annually for the practice. The owner keeps saying "we'll talk about it next quarter" but it never happens. I like the team and the patients, but I feel undervalued. At what point do I either demand a raise or start looking? I'm worried about burning bridges if I push too hard.

DSO offered $50k signing bonus but daily rate seems low

Got an offer from a DSO (won't name which one) with a $50k signing bonus, which sounds amazing. But the daily rate is only $600/day, which feels low for my area. The contract is 3 years and the bonus is prorated if I leave early. They're also pushing me to sign quickly. Is the signing bonus a red flag? Should I be worried they're trying to lock me in with a low rate?

First associate offer - is $150k base + 30% production good for MCOL area?

Just graduated and got my first real offer. $150k base salary plus 30% of production after $25k monthly threshold. Practice is in a medium cost of living area (think suburbs of a major city). I'm trying to figure out if this is competitive. The owner seems nice and the practice looks modern, but I don't have much to compare it to. Should I negotiate or is this fair? Also, they're offering 2 weeks PTO and standard benefits. No 401k match though.