I've worked in the ED. I know what it's like. It's a rough gig no matter how you cut it. Tele is not necessarily better. For an average psychiatrist with an average background, one *might* start considering this perhaps at around $250+ per hour. But this is not really the point given that these jobs are very much standardized and your credentials and quality is not really relevant, which is always a bad outcome.
The biggest downside to me is that ED work makes it hard to think and deliver high-quality outpatient care, which is a necessary stepping stone towards eventually building a profitable private practice. Many of my colleagues fell into the trap of working shifts where they get exhausted after reach shift and don't find the time to fit in their practice-building activities. 10 years later they still don't have a lot of options and have little in terms of net worth. It's tough to work overnight in your 50s (either in person or on Zoom), have to listen to your boss to direct you and manage your QA when your boss is maybe 10 years younger than you, get paid peanuts, and have zero job security excepting the overall grossly mismatched supply and demand. This is a common occurrence in my ED and it's just not a great narrative.
Now, the story is neither a cause nor an effect and the correlation is anything but perfect, and one could work in the ED day in day out, live a frugal life, and be prosperous, but I think in general people who work gig to gig end up with this kind of problem. For one thing, it's difficult to get leverage (i.e. borrow to invest) from random unsteady income like this. Without leverage, it's hard to build wealth. I am in multiple million dollars of personally guaranteed debt that's securitized by assets. This is difficult to achieve with a sub $200 per hour billing rate. Secondly, the tendency to burn out from ED work leads people to think in a short-term way in terms of lifestyle design. The focus of PP is completely different and allows you to think in much longer terms, especially about equity ownership of various kinds. And this is how one achieves financial (and other types of) independence. I think other people here with equity stakes in their practices think and talk similarly.
If you really want to do this, my suggestion is to build a portfolio of offers from different organizations, and then bid them against each other in terms of compensation. In this day and age, it's often not difficult to find 10 agencies and get them each to make an offer, pick the top 2 or 3, then keep getting offers and bid them up. I would consider this to be a practice-building activity. You can see that I think about this completely differently vis-a-vis an employee of an organization. Practice building involves gathering the data of a particular market, engaging alterations of your product and services to fit that market, and then commanding the highest bid for your product. You can ask online for our opinions of the general structure of an offer, but without a more comprehensive survey, all of us are simply giving inaccurate impressions.
Typically people think I interview for one job, if it's a good job I'll take it. If you are an entrepreneur, you think I sell to 10 customers get 5 contracts, and drop 3. Then sell 10 more. I would encourage every psychiatrist who wants to be wealthy to think more like an entrepreneur.