Please help decide between Internal Med Clinic Vs Minute Clinic
- 0Dec 3, '13 by APN Under ConstructionHi everyone,
I recently graduated from Family Nurse Practitioner school and just got my licence to practice. I am having a problem choosing between two offers in Houston, TX. Retail Clinic in Pharmacy offered me $50/hr (Minute Clinic) and I met a really awesome doctor who is offering Annual of $90,000 with some benefits, with 3 weeks paid vacation.
As a new grad, I am kind of wary about starting my first job at the retail pharmacy clinic. The good thing about this offer is it a full time employee position (W-2), with many benefits. The problem is that the hours of operation (extending till 7.30 to 8 pm in evening) does not sit very well for a single mother with a toddler to be picked up from daycare. But work days are 4 days a week.
The internal med position sounds to be a good position, but I was told it is Independent contract position (No W-2). Hours of work are very compatible with baby in daycare, as i can work Monday to Friday 8-5 or 9-6 or however I want to work. The office seems very supportive and the the MD very nice. I have known him for a while. I am not very familiar with Independent contractors and I was wondering how this works, especially with me having to do my own taxes?
1. Anyone knowledgeable with 1099 tax form to help me figure what annual of $90,000 on 1099 compares to $50/hr (roughly 36-37 hrs a week) on W2?
2. What do you all think about working in Retail pharmacy clinic vs Internal Medicine, especially for new grad?
Your prompt response is highly appreciated.
- 2Dec 3, '13 by BlueDevil,DNPI wouldn't work in a minute clinic unless my kids were starving and losing weight, so I'm biased. I only know one person who did and she didn't last long. She hated it. She said it was demeaning. She had to practice "cook book medicine," was not allowed to make any clinical judgements, and disliked the cashiering responsibilities.
The IC option is easy peasy. You hire a tax accountant, give every thing to him/her and let them handle it quarterly.
- 0Dec 3, '13 by APN Under ConstructionThank you so much for your response. I had the same feeling but I thought id sought second opinion from others. The money seems to be more at Minute Clinic and I was just trying to see if others think it's worth. I was told about strict protocol adherence. Any decision making out of the protocols is regarded as practicing medicine without a license. I really appreciate the input.
- 0Dec 4, '13 by TraceyMarinoI agree with Blue Devil, who has tons of experience. I have never worked at a Minute clinic, but the protocol driven style would make me crazy.
I worked urgent care and family practice since graduating last December. I will be taking a new position as a hospitalist this January. I got very bored with FP and urgent care.
If you have the opportunity to work with a "cool" doc, in private practice, you have the chance to learn a lot! Internal medicine/private practice experience will go a lot farther on your resume in the future than a job at Minute Clinic.
Find someone to help you with your tax issue and take the job in IM. You will be better for it in the long run!
- 1Dec 4, '13 by BostonRN13I'd go with the IP.. If the practice seems willing to train a new grad then that's a great opportunity for you and you will see so much more than the retail clinic. You may get bored at the Minute Clinic too and like others have said there's not any thinking outside of the box, you're following their strict protocols.
Also about salary.. 50$/hr at 36-37 hours equates to about 85k a year so you'd actually be making more at your IP offer.. Hope that helps?
- 1Hi Thirteen girl... I was under the impression that as independent contractor filing form 1099 you pay more taxes? Also, I'm somehow a lil accounting challenged. $50/hr x 36 hrs x 52 weeks per year comes to almost $93,600 annual... Or is my math wrong? Since this is w2 position, isn't it more than 90k annual as independent contractor on 1099?
- 0Dec 4, '13 by carachel2I just keep thinking about your single mom status. Trust me, 9-5 in FP or IM is more like 9-6 or 7. When will your last patient be booked? You don't just walk out the door with your last patient...you have labs to review, charting to finish, refills to do. Is there any way you can negotiate a four day week? If you could do that in IM then definitely that is a great opportunity.
Minute Clinic would be a better more flexible job as a working single mom. Summers will come up real quick..even though she is in daycare now she will start school in no time and you will want a way to be flexible in the summer.
- 0Dec 4, '13 by BostonRN13Quote from APN Under ConstructionNo I think My math is wrong ! 93k sounds right. And I'm sorry I don't know specifically about your indep contractor question ..Hi Thirteen girl... I was under the impression that as independent contractor filing form 1099 you pay more taxes? Also, I'm somehow a lil accounting challenged. $50/hr x 36 hrs x 52 weeks per year comes to almost $93,600 annual... Or is my math wrong? Since this is w2 position, isn't it more than 90k annual as independent contractor on 1099?
- 1Thanks Carachel for your response. Your input is very welcome. Minute Clinic has the better offer in terms of pay and benefits. However, I am finding the hours to be a little harsh on me as single mom with no other family. For one, closing time is 7.30, which means that I won't be able to leave until at least 8.15 or even 8.30. pm. The problem that I'm experiencing is that all daycares in our area close at 6.30 pm or ealier. I have had to ask neighbors if they can pick baby up from daycare for me but no one seems to be available and willing.
His dad can help pick him up in daycare, but him doing it 4/7 days a week plus be with him 1st, 3rd and 5th weekends makes him more of primary custodial parent parent than myself. (had nasty custody fight and he will use any excuse to snatch primary custody from me).
So Minute clinic hours are not quite compatible with the situation. But their money and benefits are good. Downside of IM clinic is pay is lower, less benefits. I negotiated the base pay and they gave me and extra 5K, meaning starting salary is $95 as independent contractor (1099), with basic benefits eg insurance, 3 weeks vacation. I also get bonus at end of year based on productivity. Pay is negotiable after 1 year, based on productivity. But MD is willing to train, is very flexible. Will allow me to round at hospital, or at LTAC and nursing home, where she is Medical Director, if I prefer that to office work. Told me she is pro babies, and that I will not have to be in clinic beyond 6.00 pm.