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STEPHEN SCHMID DPM The Multi-specialty Practice
S T E P H E N S C H M I D D P M
The Multi-specialty Practice
My Work Setting
Rural MN
Population: 13,500 (population draw of 80K)
Lake Regions Medical Group PA
Lake Regions Health Care
Practice Demographics
~70 providers in the practice Podiatry, Orthopedics, General Surgery IM, FM, hospitalists, psych, oncology,
emergency medicine OB/GYN, ENT/allergy/pulm, derm,
radiology/IR, urology, opthamology, pathology, pediatrics, geriatrics
Visiting providers Nephrology, neurology, physiatry,
cardiology
108 bed hospital Two outreach clinics Level III trauma center Hybrid multi-specialty/hospital
practice
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Ancillary Services
Physical Therapy Occupational Therapy Speech Therapy Radiology (X-ray, CT, MRI,
US) Rehabilitation Center Coumadin Clinic Cancer Center Dietician Laboratory Services Pharmacy Home Medical Supply Store
Referral Base
~70 providers in the practice
Podiatry, Orthopedics, General Surgery
IM, FM, Hospitalists, Psych, Oncology, Emergency medicine
OB/GYN, ENT/allergy/pulm, Derm, Radiology/IR, Urology, Opthamology, Pathology, Pediatrics, Geriatrics
Visting providers
Nephrology, Neurology, Physiatry, Cardiology
Pros:
Referral Base
~70 providers in the practice
Podiatry, Orthopedics, General Surgery
IM, FM, Hospitalists, Psych, Oncology, Emergency medicine
OB/GYN, ENT/allergy/pulm, Derm, Radiology/IR, Urology, Opthamology, Pathology, Pediatrics, Geriatrics
Visting providers
Nephrology, Neurology, Physiatry, Cardiology
Pros:
RVU based, competitive compensation structure
RVU= Relative Value Unit
wRVU= work RVU
fRVU= facility RVU
mRVU = malpractice RVU
wRVU x conversion factor = physician compensation
Tiered compensation system:
0 – 4,500 wRVU = X
4,501 – 6,000 wRVU = X + $2
6,001 – 7,000 wRVU = X + $4
7,000 + wRVU = X + $6
Pros:
2012
Podiatric Practice Survey
Courtesy of APMA.org
2012
Podiatric Practice Survey
Courtesy of APMA.org
2012
Podiatric Practice Survey
Courtesy of APMA.org
2013
2012
Podiatric Practice Survey
Courtesy of APMA.org
2013 2014
Built in referral base
RVU based, competitive compensation
Inter-specialty interaction/education
Advancing podiatry through exposure
Hospital privileging
Hospital resources in a clinic setting
Running your own practice without having to run it.
Pros:
Employee
Compensation for DME sales, ancillaries and radiographs.
Rural practice
Call schedule
Mentorship
Cons:
Podiatric Practice Survey
2012
Courtesy of APMA.org
2012
Courtesy of APMA.org
Podiatric Practice Survey
2012
Courtesy of APMA.org
2013
Podiatric Practice Survey
2012
Courtesy of APMA.org
2013 2014
Podiatric Practice Survey
Thank You!
