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a full bird coronel (O6) only makes 8000k a month ...no where near 240k
A colonel, which would be an O-5 would have 20 years of service, so they would make the $96K + $75K bonus + $30K (for being certified) = $201K. Plus the military would pick up $120K of his/her student loans, plus allowances.
As you probably know it depends on your rank. All doctors in the military are officers and a doctor with O-10 pay grade would make $240K + plus extras. Officers at the O-10 pay grade earn between $15,913 and $19,566 per month. I know there probably aren't many O-10 doctors (if any), which is why I said "up to $240 000". Obviously an O-1 would earn less.
The base salary can be low for n O-1 doctor, but the extras can add up to a lot.
As for the additional bonus: "If a doctor agrees to complete four-additional years of service, he will earn a bonus up to $75,000 per year". The bonus alone is a good chunk of money, not to mention they get other allowances.
And then there are the extras for being board certified. These extras can be worth $36 000 a year:
"Military doctors who are board certified in a specialty area of medicine are eligible for board certified pay ranging from $20,000 to $36,000 based on the area of certification. As of 2013, doctors certified in cardiology earn an additional $36,000 and doctors certified in pediatrics earn an additional $20,000 per year. Doctors are eligible for this pay as soon as they become board certified and pay does not change based on rank or time in service."
and
"The Army will help soldiers repay up to $120,000 of medical school debt under the Active Duty Health Professions Loan Repayment Program"
Last edited by Finn_Jarber; 10-27-2014 at 08:55 AM..
A colonel, which would be an O-5 would have 20 years of service, so they would make the $96K + $75K bonus + $30K (for being certified) = $201K. Plus the military would pick up $120K of his/her student loans, plus allowances.
As you probably know it depends on your rank. All doctors in the military are officers and a doctor with O-10 pay grade would make $240K + plus extras. Officers at the O-10 pay grade earn between $15,913 and $19,566 per month. I know there probably aren't many O-10 doctors (if any), which is why I said "up to $240 000". Obviously an O-1 would earn less.
The base salary can be low for n O-1 doctor, but the extras can add up to a lot.
As for the additional bonus: "If a doctor agrees to complete four-additional years of service, he will earn a bonus up to $75,000 per year". The bonus alone is a good chunk of money, not to mention they get other allowances.
And then there are the extras for being board certified. These extras can be worth $36 000 a year:
"Military doctors who are board certified in a specialty area of medicine are eligible for board certified pay ranging from $20,000 to $36,000 based on the area of certification. As of 2013, doctors certified in cardiology earn an additional $36,000 and doctors certified in pediatrics earn an additional $20,000 per year. Doctors are eligible for this pay as soon as they become board certified and pay does not change based on rank or time in service."
and
"The Army will help soldiers repay up to $120,000 of medical school debt under the Active Duty Health Professions Loan Repayment Program"
Finn
a colonel (Col.) is an O6
a Lieutenant Colonel (LTC) is an O5
most officers retire at LTC/COL O5/O6... max time in service for an o5 is 22 years...they will be MRD(mandatory retirement date) at 22 years if they don't make o6
an o5 with 20 makes 8420/month (100k)...but they DONT get bonuses EXCEPT in certain fields and only for a max of 3 years
your average officer is o3/o4 CPT/ MAJ
your o7-o10 are GENERALS...and are far an few inbetween
a colonel (Col.) is an O6
a Lieutenant Colonel (LTC) is an O5
most officers retire at LTC/COL O5/O6... max time in service for an o5 is 22 years...they will be MRD(mandatory retirement date) at 22 years if they don't make o6
an o5 with 20 makes 8420/month (100k)...but they DONT get bonuses EXCEPT in certain fields and only for a max of 3 years
your average officer is o3/o4 CPT/ MAJ
your o7-o10 are GENERALS...and are far an few inbetween
retired First Sergeant (E8) with 25 years
We are talking about military DOCTORS. Yes, they make extras, and why not?
a colonel (Col.) is an O6
a Lieutenant Colonel (LTC) is an O5
most officers retire at LTC/COL O5/O6... max time in service for an o5 is 22 years...they will be MRD(mandatory retirement date) at 22 years if they don't make o6
an o5 with 20 makes 8420/month (100k)...but they DONT get bonuses EXCEPT in certain fields and only for a max of 3 years
your average officer is o3/o4 CPT/ MAJ
your o7-o10 are GENERALS...and are far an few inbetween
retired First Sergeant (E8) with 25 years
Your figures are for line officers. Military Doctors have a faster pace of pay grade advancement and promotion. Finn Jarber is more on the money than your post.
The ACA is a disaster. Private insurance rates have skyrocketed (to cover the cost of other enrollees) and medicaid roles (who the hell is going to see them) have increased, as many of those "insured" on exchanges are dumped into medicaid.
You can "charge" whatever you want. However, specific rates are dictated by insurers to physicians. I could "charge" someone $1 million for an office visit. However, I would get paid the same amount for which I am contracted.
Many insurers deny "assistant surgeons" for many procedures. I am surprised that they had two surgeons for an ACDF, which is a pretty simple case.
Perhaps the "assistant" was out of network and thus the "bill" passed on to the patient. In such cases, offices will accept a fraction of the charged amount to maintain goodwill and gain PR. If I see patients are out of network and are going to get stuck with a large personal bill, I just write it off. As long as I am not going broke I would rather have goodwill in the community and not be labeled as a greedy pig; thus we write off charges all of the time (this must be done quietly, as insurers really get upset if co-pays are written off).
Heck, many times I do procedures (not covered by insurance) for nothing if the patient is scheduled for an additional procedure for which the insurance pays. That at least "gets them in the door" (particularly if it is at a surgery center, at which the center cost will be several fold the physician cost) and you can do other things for the patient, particularly if it does not involve a number of expensive "disposeable" items.
The Dr. was reimbursed for the entire amount by the insurance companies even though he was out of network. Of course, we all know its policy holders who bear the ultimate costs for that.
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