Physicians are missing their autonomy and independence, and are increasingly looking for alternative paths to full-time employment.
Today’s healthcare work environment is extremely fast-paced and hyper-competitive. Physicians increasingly realize the significance of breaking free from the drudgery of full-time employment with large healthcare organizations. Instead, they are swinging along with the healthcare pendulum, away from employed physicians to private practices. It is their inherent desire to practice with autonomy. Moreover, the escalating supply-demand mismatch also creates numerous opportunities for most specialties to quit full-time employment and seek alternative practice options.
So, what all options do you have at your disposal if you want to escape away from full-time clinical work? Here are a few lucrative opportunities:
Working Part-Time
The simplest option is to work part-time with one particular healthcare organization. It might be that you have had enough of the administrative headaches of large-scale organizations, especially those about Electronic Health Records (EHRs). The best way to get away from such burnout causing factors is perhaps tying up as a part-time resource with a relatively small healthcare facility.
Get Credentialed from Different Facilities
You might alternatively want to work for multiple hospitals or clinics, doing different types of works. This will enhance your portfolio and improve your exposure and experience. You might want to undertake varied inpatient and outpatient work, suited well to your schedule. So, you will never put all your eggs in one basket this way, as you might do by working at only one healthcare facility.
Working as a Healthcare Consultant
Pharmaceutical companies, hospitals, government agencies, and medical device companies all require healthcare consultants. This might be a plausible career path if you want to break away from the chains of full-time employment as a physician. As a healthcare consultant, you can advise on healthcare consumption, research and product development, technology integration, and a lot more diverse topics.
Telemedicine
Working remotely from home online is one of the most flexible work options available to physicians today. This career path offers flexibility as well as a part-time supplemental income or full-time salary. Telemedicine aims to capitalize on the benefits of technology and seamless access to care. All you need is an expert telemedicine solution that is secure and reliable. Using telemedicine, you can benefit from e-prescriptions to prescribe medications remotely and practice without demographic boundaries.
Breaking away from the regular employment contract with large-scale healthcare organizations will enable you to enjoy your desired sense of autonomy and independence. Simultaneously, you can gain ample experience and exposure. These opportunities come with apparent questions, though. How can you work your way through making the most of tax incentive? Well, if you’re working with a regular employer, you have no choice but to get paid as a regular employee. But if you work in the capacity of an independent contractor with your LLC, you can exploit the multiple small business tax breaks available. Additionally, you might wonder, can you file LLC taxes separate from personal income, allowing for clearer financial management?”
Similarly, you might have concerns over coding and billing. Again, if you’re working with a regular employer, you have to stick to the billing practices of your employer. However, if you’re working as an independent practice, you can deploy a medical billing solution to make life simpler and more comfortable.
Hence, if your ultimate objective is to enjoy more independence, autonomy, flexibility, and freedom to devise your schedule, these are the best possible routes you can take.
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