Recently I have had to visit an orthopedic surgeon. Consultations are around R900 a pop.
So it got me thinking, who earns more between a medical or bedroom specialist. These were the things I was thinking about.
A Dr has to pay for a secretary, rental for the office at the hospital, accountant fees, medical licence, professional indemnity insurance and let's not forget SARS, so that's at minimum a 40% hair cut on gross income. For a Dr to push 200k a month he/she has to at minimum do 400k monthly turnover. Let's not forget the 7 years of study to enter the profession.
Either my math is off or I am missing something, but it doesn't seem worthwhile to be a Dr. I don't think many WGs are super wealthy either, maybe this 200k a month I had in my head (pun intended) has me living in a parallel universe?
Love to get your thoughts from anyone with more knowledge on the subject.
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Re: Understanding the business model
Re: Understanding the business model
More than 100 posts
Posted: 2024-05-11 13:11:00
That is very cheap for a consultation with a specialist. Seeing an endocrine will set you back triple that.
With my health issues last year the main Specialist Physician was R3800 per consultation (30 minutes if you are lucky) and pay before you leave. You get the scraps back from Medical Aid
All the medical specialists can only dream of making the money a plumber makes....
They charge around R1000/30min, and hardly do any work themselves, as every registered plumber has multiple teams working for them. (Doubt the team consists of more than a blue collar workers).
How long does it take to become a plumber? 6 months?
Personally, i have no problem paying a surgeon or whatever specialist thousands of Rands per hour. It is an incredibly skilled person, with probably 10 years post matric qualification. But i have a huge problem paying the plumber (which probably repeated several grades at school) R2000/h.
On 2024-05-11 14:25:04 Vrik said: And i have no issue paying R1000/h several times a week for a great massage and kissing and hj, and sometimes a bit more.
* "....There are five service business models:The hourly model -- get paid by the hour.The retainer model -- offer packages of hours.The monthly model -- receive a monthly fee.The performance model -- your rate depends on the results. The project model -- work per project or deliverable..."
-quoted.
As to costing and pricing...
Well.
Now THAT shall depend on the service provider and identifying, understanding, Implementing and making sure to be as relevant , competitive, succesful and dynamic in the space one chooses to be the service provider of.
Understanding the target market relevant to the business model.
And even though this space be all cloak and dagger....honesty, integrity ..... that which I always mention , that thing similar to a "code of conduct among thieves " trumps the bullshit, scammers , pettiness and nonsense that sadly seems to mar the professional part of this business.
This space is just a microcosm of any workspace one may choose to be a part of.
Invested in and understood for what it is.
Plus....like any other workspace...a fantastic environment for networking and creating many new opportunities in other areas of work.
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