Quote:
Originally Posted by hobbes9324
Yeah, that's on the money.
I was chief of my group for eight years, then VCOS and COS of the hospital. More meetings more admin responsibilities, less clinical time. When I was done with COS there was some discussion about me becoming chief medical officer, but it didn't happen because
1) I'm old - I started in medicine late, and it just wasn't something I wanted to take on. I also don't like the idea of solving problems for two or three years at a time, which would have been as long as I would have done it.
2) I would have had to REALLY ramp up my admin/business skills, which would have at a minimum required a lot of study and at worst one of those exec. MBA courses.
3) It would have been a pay cut for more hours worked - if I was planning on climbing the corporate banana tree it would have been worth it, but I'm not, mostly because I'm old.
As Melkerson noted, it's a career path that you really have to start on pretty early if you want to run a system. If I was 15 years younger I would have considered it - it's interesting stuff.
MM MD
#3 above is a factor that actually selects against the ones that would actually be the best at it. The following is a massive over-generalization, but here goes:
Generally speaking the sharpest docs will do the best in medical school and eventually pursue the highest paying specialties. These guys are very smart and with the right on-the-job training would probably make the best CEOs and physician executives.
However, these guys well see the most massive pay drop when they stop seeing patients and try to follow the admin track. And unless they make it to CEO, they're probably making more money just practicing their specialty. Anything short of being the absolute top guy, and they're probably making less (and remember they gave up a lot of income just to get to that point).
Once again, the above is a massive generalization. There are tons of exceptions to literally everything I posted, nevertheless, the broad strokes are true.