Why Choose The Toledo Clinic
What sets The Toledo Clinic apart from system-owned models, is that we are a physician-owned and operated medical group. At The Toledo Clinic we feel that our Choose Well, Feel Better way of practicing medicine is the best of both worlds.
Following is an outline of the administrative benefits you will receive at The Toledo Clinic while maintaining your ability to treat your patients your way.
Administrative Services Include:
- Information Technology (IT Support)
- Electronic Health Records (EHR)
- Human Resources
- Research
- Accountable Care Organization (ACO)
- Purchasing Power
- Benefits
- Residency & Fellowship Programs
- Medical Education
- Financial Expertise Reports
- Credentialing
- Legal Support
- Marketing
- Compliance
The following chart compares the benefits of The Toledo Clinic versus private practice or hospital/system-owned models.
| The Toledo Clinic Model | Hospital Model | Private Practice | |
|---|---|---|---|
| Practice Type | Private Practice | Hospital Employment | Private Practice |
| Compensation | Based on revenue generation, you keep what you earn | Limited by contract, surplus goes to the employer | Based on revenue generation, you keep what you earn |
| Benefits | Most benefits effective date of hire with pre-tax advantage | Waiting period for benefits effective date | Possibly fully-insured health plan based on market rates |
| Contract | Initial salary guarantee then full partnership | Employee | None |
| Expenses | You control your expenses/expenditures | Practice expenses/expenditures are not in your control | You control your expenses on your own |
| Employees | You control your staff (with HR assistance) | Hospital system supervises you and your staff | You control your staff with no or varied assistance |
| Work Load | You decide your work hours | Hospital system decides workload and hours | You decide your work hours |
| Time-off and Vacations | You control your own schedule including time away | Out of your control | You control your own schedule including time away |
| Retirement Savings | Possible to maximize 401k savings with expert guidance | Variable per contract | Yours to manage with operations at your expense |
| Malpractice | Favorable rates due to size of practice with rebates possible | As per contract | Yours to manage and at your expense |
| Management Fees or Pro Rate | Highly competitive administrative fees | Built into contract | Yours to manage and at your expense |
| Non-compete Clause | Variable | Built into the contract | None |
| Choice of Location | Your choice depending on your practice group | May not have a choice | Your choice, possibly at your expense |
| Part-time Work | May be available | May or may not be available | Your choice |
| Outpatient or Hospitalist Type Work | Such opportunities are available based on the specialty | May be available | May vary |
| Buy-in or Buy-out | Not needed, salary guarantee available | None, contract only | May vary |
| Success Rewards | All is yours to keep | Contract plus bonus if included in contract | All is yours to keep |
| Partnership | Available after salary guarantee | None, contract only | May vary |