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Alternative Employment Opportunities for Physicians
By Dr. David E. Marcinko; MBA, CMP™
[Publisher-in-Chief]
Locum Tenens (LT) is an alternative to full-time employment for most specialties.
Some younger physicians enjoy the travel, while mature physicians like to practice at their leisure. Employment factors to consider include: firm reputation, malpractice insurance, credentialing, travel and relocation expenses (which are all negotiable).
However, a Locum Tenens firm typically will not cover taxes.
Locum Tenens Compensation
[per 8 hour specialty shift]
|
$720 to $880 |
|
|
$400 to $450 |
|
|
$400 to $450 |
|
|
$400 to $430 |
|
|
$600 to $800 |
|
|
$520 to $760 |
|
|
$650 to $750 |
|
|
$800 to $900 |
|
|
$1,300 to $1,400 |
|
|
$1,000 to $1,500 |
|
|
$500 to $600 |
|
|
$1,200 to $1,500 |
|
|
$600 to $750 |
|
| Source: LocumTenens.com |
|
Conclusion
Has anyone used this medical practice employment model; please comment and opine?
Practice Mgmt: http://www.springerpub.com/prod.aspx?prod_id=23759
Financial Planning: http://www.jbpub.com/catalog/0763745790
Risk Management: http://www.jbpub.com/catalog/9780763733421
Speaker: If you need a moderator or a speaker for an upcoming event, Dr. David Edward Marcinko; MBA – Editor and Publisher-in-Chief – is available for speaking engagements. Contact him at: MarcinkoAdvisors@msn.com
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Filed under: Career Development |
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New CMS Rules
The new CMS rules for locum tenens physicians, and related billing practices, have just been published [Rule #30.2.11].
Read more: http://www.cms.hhs.gov/Transmittals/Downloads/R1486CP.pdf
-Staff Reporters
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All about a LT Doc
Locum tenens (literally “place holder”) is professional work done to fill in where help is needed.
http://www.kevinmd.com/blog/2013/02/year-locum-tenens-physician.html
It is what this doctor has primarily been doing for the last year, and has been an interesting ride.
Jane
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More About On-Call Physician Pay
http://www.medpagetoday.com/HospitalBasedMedicine/WorkForce/38790?utm_source=Copy+of+5.1.13&utm_campaign=11713&utm_medium=email
Sally
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LT
But, how do hospitals feel about locum tenens?
http://www.kevinmd.com/blog/2013/10/hospitals-feel-locum-tenens.html
Check out this link to find out.
Jerry
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LT Nurses Post Pandemic
One of the most important aspects in the shift was the introduction of massive numbers of temporary workers during the pandemic which continues today. Temporary workers (typically known as Locums) are a major contribution to staffing issues. As regular hospital staff learn about the financial rewards that locum providers receive, it only leads to more individuals questioning, “why do I still work here?”.
Locum providers may be receiving two to three times the hourly rate of pay, and in some cases, free housing, rental cars and meal allowances. This is not a good model for worker satisfaction where an individual works through the pandemic with all its stress and is now training an individual who will make many folds their salary with additional perks who has no loyalty to the facility. In some areas of the country locum health workers may be from the hospital down to the street. Employees from hospital A go to hospital B then hospital C without having to travel.
Sally
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