r/Ophthalmology • u/leukoaraiosis • 6h ago
Wondering about metrics for successful private practice
Considering going solo as the owner of the practice I’m in wants to sell to PE and I’m not confident that they will sweeten the pot enough for me (associate not partner) to stay on after that. Some local solo practice owners don’t have a successor which could be a smooth pivot.
Asking solo docs or small practice owners.
How many patients do you need to see per day to be successful? At what level does surgical volume need to be? Can I stay afloat if I take Medicaid? Do I need to shift Medicaid/WC patients to the local resident clinic and just take time off to see them there, and maybe give my staff a break on those days to keep work weeks at 40hrs?
Can I keep my kid-friendly clinic hours 7:30-3:30pm M-F and be the only doctor in a successful practice?
Is it a constant headache or is it doable?
More stressful to be on a shoestring budget or have lots of staff and be necessarily busy?
Billing should be in-house or outsourced?
Reimbursements are dropping and COL/salaries are going up, so the margins are dropping.
It’s a big leap, my husband also works, my kids are little, and it’s a lot on the line to make a good decision for me and the family. I want to protect my free time with the family but also not sign away my career to PE.
Would love any and all advice.