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Financial implications of serving as team physician
1Alabama Sports Medicine and Orthopaedic Center, Birmingham, AL 35205, USA. jkonin@health.usf.edu <jkonin@health.usf.edu>
Insights
For sports medicine physicians, time is a significant financial cost when serving as a team physician. The financial viability of this role depends heavily on personal satisfaction and intangible benefits outweighing the time investment.
Area of Science:
- Sports Medicine
- Medical Economics
Background:
- Physicians generate revenue primarily through their time.
- The role of a team physician involves a significant time commitment.
Purpose of the Study:
- To analyze the financial implications of the time cost for sports medicine physicians acting as team physicians.
- To evaluate whether the intangible benefits of being a team physician justify the financial burden.
Main Methods:
- Qualitative analysis of the time commitment associated with team physician duties.
- Assessment of revenue generation versus time expenditure.
Main Results:
- Time is identified as the primary negative financial burden for sports medicine physicians in team roles.
- The financial return on investment for team physicians can be low if not offset by personal satisfaction.
Conclusions:
- Serving as a team physician may not be financially prudent for individuals, their practices, or families.
- The decision to be a team physician should weigh financial costs against personal and intangible rewards.
Abstract:
Time is the greatest negative financial burden that you accept as a sports medicine physician, because the only way to produce revenue as a physician is with your time. This cost measured in time of doing business as a team physician can be high. Unless being a team physician is very rewarding to you through personal satisfaction or the other intangible indirect benefits associated with the role, being a team physician may not be a good financial decision for you as a person and a physician, or for your practice and your family.
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