Moonlighting Medical Residents: Side Gigs to Make More Money

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As a resident physician, there’s one thing you can count on:

You’re going to earn a relatively small salary despite the long hours and hard work you’ll be putting in.

Residents earn a fraction of what licensed physicians make. And if you’re already burdened by student loan debt, these crucial years of residency training can be some of the most difficult ones to endure.

For many residents, the only way to get ahead on student loans and start saving for the future is to search for moonlighting opportunities.

As a physician, working a side gig, even if for only a few hours per week, can have a serious impact on your finances and your future.

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Locum Tenens Coverage: Disability, Health, Malpractice and More

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Working in medicine is unique in that the title of “physician” means many different things.

Some physicians work around-the-clock shifts in hospital emergency departments. Other physicians operate private practices and focus on primary care or preventative medicine. Some deliver babies, some treat cancer patients, and some perform invasive neuro or cardiac surgeries.

Yet, no matter what type of specialty you’re in, all physicians share one thing in common:

The ability to perform their work anywhere in the world.

Tech experts might be most in-demand in Silicon Valley. Professional actors are more sought after in LA than in Idaho. On the other side of the coin, physicians can work in any and every major city, small town, and rural part of the world.

The vast majority of physicians work full-time jobs in or near the city in which they live. But a growing number of U.S. physicians, approximately 40,000, choose to work locum tenens positions.

Working as a locum tenens physician has many benefits, but before you give up your job search or quit your full-time gig, there’s something you should consider:

What types of insurance will you need?

If you’re considering working locum tenens, here are the top five types of locum tenens insurance coverage you will need.

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Searching Dermatology Jobs: How to Find the Best

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Whether you practice general dermatology, pediatric dermatology, cosmetic dermatology, or work as a Mohs surgeon, finding the perfect opportunity can take time and dedication.

There are various ways you can go about finding a job in the city you want to work in and at a salary level that’s appropriate for your level of experience. But they all will need you to devote effort and energy. You’ll have to submit your CV, interview, and undergo reviews to verify your credentials, experience, and certifications.

Finding a new job is time-consuming, but you can make the process easier if you know where to look. If you’re searching for dermatology jobs, here’s how to find the best opportunities available.

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Where Do Electrophysiologists Make the Most Competitive Salaries?

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An electrophysiology cardiologist cares for patients with irregular heart rhythms. Electrophysiologists are one of the top-earning cardiologist subspecialties.

Considering that it is one of the most difficult medical specialties — and that it takes sixteen years of training to get licensed to practice — the high pay is understandable.

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How much does an electrophysiologist make?

The answer to that question lies in more than just a number. There are several factors that can make that number jump or dip.

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7 Alternative Jobs for Physicians

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Are you burnt out from years of working long hours? Do you want to step away from clinical practice?

You’re not alone. Many doctors suffer from burnout.

After all, practicing medicine is demanding work. It certainly doesn’t have the best work-life balance of any career out there. A lot of physicians come to a point where they want to change career paths.

But, a career change can seem daunting. What field are you supposed to go into after working as a doctor?

Luckily, there are plenty of alternative jobs for physicians! Whether you’re a rookie or a veteran, there are a ton of challenging and fulfilling jobs you can move into. You can put your expertise to work in places other than direct patient care.

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Your Full Guide to On-call Pay for Physicians

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It’s common for doctors to work long hours, but the end of a shift doesn’t necessarily mean the end of the workday. Many physicians have to be on-call at times. That means being available to work even if you have the day or night off.

While being on-call certainly has its drawbacks, it comes with one benefit as well: additional pay.

Here’s a full breakdown of everything you need to know about on-call pay for physicians.

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A New Graduates Guide to Writing a Strong CV

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Traditionally, professions in healthcare have been considered safe career choices—even during a recession. Yet the recent pandemic has relentlessly targeted this field. Therefore, patients are putting off elective procedures or delaying necessary routine checkups to reduce possible exposure to the coronavirus. In addition, there has been a disruption in the normal flow of hospital traffic. … Read more

How to Negotiate a Physician’s Relocation Bonus

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There are many reasons why you might relocate to another city or state as a physician. Maybe it’s personal — you’d like to be closer to family or just desire a change of scenery. Other times it may be to pursue new markets and employment opportunities. If you’re seeking new opportunities and reviewing an employment … Read more

Which Physician Specialties Retire Early?

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Though it sometimes doesn’t seem feasible, physician retirement is possible. And for physicians in certain specialties, retiring early isn’t just a dream — it’s a reality.

Some specialties, particularly those with a shortage of physicians, have a high rate of doctors well over retirement age.

Yet, others tend to see physicians retiring earlier in their careers.

Whether you’re a medical school student deciding on a specialty or a practicing physician who has been planning for decades, there are some ways to retire earlier than you may think.

Today we’ll answer the question that so many physicians, residents, and medical students want to know:

Which physician specialties retire early?

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Interventional Cardiology Salary: Full Breakdown

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In the past, every cardiovascular health issue required surgery to diagnose and heal.

However, that’s no longer the case.

Interventional cardiology uses transradial catheterization to access the heart to treat patients. This method reduces the possibility of complications and results in a much quicker recovery period.

Therefore, specializing in interventional cardiology can increase your demand in the medical field.

According to MedAxiom, interventional cardiologists are among the highest-paid cardiologists, earning much more than non-invasive cardiologists.

But when it comes to subspecialization, it can be difficult to know the fair salary range for doctors.

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This article will help clear up the going salary for interventional cardiologists. It also lays out the best way to deal with many of the financial issues an interventional cardiologist may face in their career.

We will discuss topics such as:

  • Average interventional cardiology salary
  • Factors that affect the fair market value of an interventional cardiologist
  • How to pay off student loan debt as quickly as possible
  • Additional ways that interventional cardiologists can increase their annual income
  • How to negotiate with a potential employer to gain the best possible contract
  • Protecting income through effective tax planning, disability insurance, and smart retirement investing

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