If you’re a physician who earns secondary income by moonlighting with other hospitals – or even within your hospital – you’re not alone. A 2013 survey by Medical Economics showed that 36% of family medicine and general practitioners earned additional income outside of their primary practice, or hospital.
The reasons for physicians taking on additional roles are varied and, as mentioned, not only financial – though that remains a popular motivator. For many residents burdened with significant student debt, who earn less than older physicians, or have a young family at home, supplementing their income with other work within the medical field is a win-win situation. And not all student loan payments are deferred until after their residency. There are other reasons physicians choose to moonlight in their careers as well, such as:
- Seeing More Patients
Studies have shown that moonlighting is slightly more popular in rural areas where there may not be enough patients to fill a schedule. Research also showed that physicians who owned their own practice were a bit more likely to moonlight.
- Needing More Doctors
Similarly, some hospitals may not have enough medical professionals to cover all the jobs needing to be completed. Understaffing puts extra stress on physicians, which can lead to human error and patient dissatisfaction, as well as physician burnout and turnover. Locum tenens assignments, for instance, allows physicians to fill in at hospitals that need additional workers when full-time team members are not able to work, or are being overworked.
- Looking for Variety
For some physicians, seeking variety, and new or different challenges in their career motivates them to moonlight. Doing an assortment of different things creates a change-of-pace from their regular practices and routines.
Concord and Moonlighting
The Concord Medical Group works with physicians and hospitals to provide additional opportunities, and to meet staffing needs. If you’re a physician seeking extra income during your normal downtime – or seeking full-time or part-time work – CMG will help find an opportunity for you.
CMG’s locum tenens opportunities provide physicians with career options and significant financial benefits. We realize that hospitals across the country are seeking quality health care healthcare providers like you, and we can connect you with the opportunity that best suits your schedule and lifestyle.
If you’re a quality, motivated physician who also has a desire to be involved with hospital administration work, we’ll also help you to find medical director positions.
Provider management systems can help improve resources, offer better value to your patients, and streamline your operating costs, all with the help of a professional team like Concord. Curious to find out whether provider management is right for your facility? We’ll tell you the top 3 benefits.
Are you a healthcare provider who’s interested in exploring opportunities in a rural area? Did you know that rural Americans make up 15% to 20% of the U.S. population? These people face daily inequalities in health care compared to urban and suburban citizens. Rural hospitals/emergency departments are a critical component of communities across rural America because of their significant contributions beyond healthcare.
When it comes to finding the best healthcare team, let the professionals help. Read on to learn the benefits of using a provider management company.