Not a lot of doctors went into medical school with accounting skills as one of their strongest points. Many of us just pursued a childhood dream without any thought of the financial side of this career. When students and graduates are asked of the track they would like to pursue, they would mention a field primarily invariably because of their interests in the specialty, with very little information as to how a practitioner of that field would earn soon after. I have not realized it then, more than now that when students or graduates are informed at this stage about the financial aspect of a career, they might be influenced to take up that field because their decision is now strengthened by other facts (like return of investment) other than just mere interest.
So I interviewed a handful of doctors and learned these things:
1. Pathologists (clinical pathologists) may earn from retainers fees from laboratories which they supervise. A pathologist may oversee as many laboratories that their schedule can handle.
2. Ophthalmologists nowadays can just affiliate with an eye center and need not buy the expensive pieces of equipment that an ophthalmologist uses.
3. Nephrologists can actually start a dialysis center without having to buy a dialysis machine because the machine is sort of "given free" as long as the center gets the reagent from the dialysis machine company. This holds true also for those who want to put up a laboratory facility.
So before you embark on with your lifetime career, it is wise to count the cost and returns as well...
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