Ophthalmologist's salary?

What's a general ophthalmologist's take-home pay?

If an ophthalmologist sees 8 patients/day, five days/week, and he
charges $200/visit (including tests), and he performs 4 surgeries/day
(likely cataract and internal contact lens implant surgeries) for an
average of $1000/surgery, and he works 50 weeks/year, he'd take in
$1.4 million in revenue. Let's say he has a 40% net profit margin, so
he has $560,000 in profit before taxes. If he pays 35% in taxes, he's
left with $364,000 in take-home money.

Is this low, or high, or average?

If I become an ophthalmologist and open up private practice, I'd
partner with an optometrist, and own an optical shop and ambulatory
surgery center (probably just a big room in my office set up for
ophthalmic surgery with an operating microscope and monitoring
equipment).

On Dec 11, 8:52*pm, Salmon Egg <Salmon...@sbcglobal.net> wrote:
> In article
> <49d18a66-c3bd-47d5-8ec2-29cbb9933...@e4g2000prn.googlegroups.com>,
>
>
>
>
>
> *douglas <protoman2...@gmail.com> wrote:
> > What's a general ophthalmologist's take-home pay?
>
> > If an ophthalmologist sees 8 patients/day, five days/week, and he
> > charges $200/visit (including tests), and he performs 4 surgeries/day
> > (likely cataract and internal contact lens implant surgeries) for an
> > average of $1000/surgery, and he works 50 weeks/year, he'd take in
> > $1.4 million in revenue. Let's say he has a 40% net profit margin, so
> > he has $560,000 in profit before taxes. If he pays 35% in taxes, he's
> > left with $364,000 in take-home money.
>
> > Is this low, or high, or average?
>
> > If I become an ophthalmologist and open up private practice, I'd
> > partner with an optometrist, and own an optical shop and ambulatory
> > surgery center (probably just a big room in my office set up for
> > ophthalmic surgery with an operating microscope and monitoring
> > equipment).
>
> I think you left a few things out of the analysis. Although I have no
> real information, I do have comments based upon lack of knowledge.
>
> There is the overhead of an office and staff primarily.

I took out 60% for overhead.
>
> While 8 patients a day sounds sort of low, tossing in four surgeries a
> day every day sounds a bit high to me.

Yeah, probably is. What's the average?
>
> Bill
>
> --
> An old man would be better off never having been born.- Hide quoted text -
>
> - Show quoted text -

On Dec 12, 12:03*am, douglas <protoman2...@gmail.com> wrote:

>
> > I think you left a few things out of the analysis. Although I have no
> > real information, I do have comments based upon lack of knowledge.
>
> > There is the overhead of an office and staff primarily.
>
> I took out 60% for overhead.

If you are proposing a surgical suite in office, allow about 80% for
overhead.

Frankly, you are making way too many assumptions. Income will vary by
location. I suggest you contact your local provincial or state
Medical Association and ask about the average taxable income of eye
surgeons. They may well have that information.

Judy

On Dec 12, 10:40*am, Dr Judy <mpac...@rogers.com> wrote:
> On Dec 12, 12:03*am, douglas <protoman2...@gmail.com> wrote:
>
>
>
> > > I think you left a few things out of the analysis. Although I have no
> > > real information, I do have comments based upon lack of knowledge.
>
> > > There is the overhead of an office and staff primarily.
>
> > I took out 60% for overhead.
>
> If you are proposing a surgical suite in office, allow about 80% for
> overhead.
>
> Frankly, you are making way too many assumptions. *Income will vary by
> location. *I suggest you contact your local provincial or state
> Medical Association and ask about the average taxable income of eye
> surgeons. *They may well have that information.
>
> Judy

I will. Trying to find this info will be a nightmare, though.

I plan undergoing both a cornea fellowship and a retinal fellowship,
and working in LA, and try to make the majority of my surgeries ICL
implantation and laser retinal surgery.