Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

Maximize locum tenens income: 4 tips to make more and work less

The LocumGuy
Physician
June 17, 2019
Share
Tweet
Share

Every hospitalist heard that locum tenens work pays better than permanent. Of course, I did, too, when I first started practicing. This was one of the reasons why I switched to the full-time locum tenens years ago.

Now, things have changed since then, and employed hospitalist salaries have been rising steadily over the years. It became obvious, then, that $150 per hour for locum tenens work doesn’t cut it anymore.

Think about it, as a locum tenens doctor, you don’t get any health insurance or a retirement plan. You also have to hustle to make sure you always have enough work months in advance.

So my pay rate should make up for all the extra effort I make.

The obvious solution could’ve been to take on more work.

But you see, I’m lazy. Not the kind of lazy person who watches TV all day, with a full bag of chips in the recliner chair.

No, I’m a different kind of lazy. I’d rather work smarter than harder.

I am too lazy to work 200+ shifts per month to get where I want to get financially. My goal is to be the highest paid hospitalist on my own terms.

In this article, I am going to reflect on my 5-years as a full-time independent hospitalist and share what I’ve learned about maximizing my locum tenens income.

1. Always negotiate

Unfortunately, a lot of hospitalists underestimate how much a slight payment increase will matter. For example, getting a $10 per hour increase can give you a $20,000 of extra income annually with a typical 7-on/7-off schedule.

Now, you don’t have to be a negotiation guru to get what you want. The actual process is actually pretty straightforward.

First, you need to realize that as a physician, your skills are in very high demand! This will make you more comfortable negotiating.

Second, you need to figure out how much other locum tenens doctors get paid in your area. So, talk to your colleagues practicing in the area. If that’s not an option, use an online calculator that can help you to get an estimate on where to start.

ADVERTISEMENT

Third, learn as much as possible about your assignment when talking to the recruiter and leverage any “pain points” in your negotiation.

For hospitalists, for example, the more responsibilities (procedures, vent management), the higher patient census, the higher the patients’ acuity (open ICU), the less support (fewer subspecialties available) all mean a higher pay rate you can demand.

2. Look outside of large metro areas

Due to hospitalist shortages, the highest paying locum tenens gigs are often located away from large metro areas. Believe me, it’s tough to find anything even close to a decent pay in cities like New York, Los Angeles, or Chicago.

So don’t shy away from smaller cities and little towns. Some of them can give you steady work with great pay.

In my experience, the best set up is midsize hospitals that are 1 to 3 hours away from the city. They tend to have both good subspecialty support, and it’s easy to travel there if needed.

3. Consider working directly with the hospitals or hospitalist companies

Locum tenens agencies certainly have their benefits, but this is not the only option.

Sometimes it can really pay off to do your own research and contact facilities without a middleman.

It works especially well if you are a local doctor so that the hospital can save on accommodation, travel expenses, and the agency fees.

The main drawback is that you’ll potentially spend more time upfront to get them to respond.

4. Work with multiple agencies

If you decide to work with a staffing firm, make sure you contact multiple agencies. This way you’ll have access to more hospitals since every agency has its own unique geography.

After working with numerous locum tenens firms for some time, you’ll figure out the quality of their services and will stick with the one or few of them that pay and treat you better.

Conclusion

In many ways, being a locum tenens hospitalist provides you with the flexibility, and freedom for creating the best possible lifestyle.

Using the strategy that I shared today, you’ll be able to make the most of your work time and jumpstart your own locum tenens career.

“The LocumGuy” is a hospitalist and founder, The Locum Guy.

Image credit: Shutterstock.com

Prev

Career or the egg? Is it time to put pregnancy first?

June 17, 2019 Kevin 3
…
Next

Everyone has value. Even the angry man screaming at you.

June 18, 2019 Kevin 0
…

Tagged as: Practice Management

Post navigation

< Previous Post
Career or the egg? Is it time to put pregnancy first?
Next Post >
Everyone has value. Even the angry man screaming at you.

ADVERTISEMENT

Related Posts

  • Essential health messaging tips for physicians [PODCAST]

    The Podcast by KevinMD
  • Tips for fellowship applicants from a program administrator

    Geri Herling, MHA
  • 8 scholarship tips for medical school

    Trisha Chau
  • Low income is a neglected public health issue

    Vania Silva
  • 4 tips for better communication with patients

    Subha Mohan
  • 5 tips for surviving your first year in medical school

    Amit Phull, MD

More in Physician

  • How New Mexico became a malpractice lawsuit hotspot

    Patrick Hudson, MD
  • Why compassion—not credentials—defines great doctors

    Dr. Saad S. Alshohaib
  • Why Canada is losing its skilled immigrant doctors

    Olumuyiwa Bamgbade, MD
  • Why doctors are reclaiming control from burnout culture

    Maureen Gibbons, MD
  • Why screening for diseases you might have can backfire

    Andy Lazris, MD and Alan Roth, DO
  • Why “do no harm” might be harming modern medicine

    Sabooh S. Mubbashar, MD
  • Most Popular

  • Past Week

    • Why are medical students turning away from primary care? [PODCAST]

      The Podcast by KevinMD | Podcast
    • Here’s what providers really need in a modern EHR

      Laura Kohlhagen, MD, MBA | Tech
    • Why “do no harm” might be harming modern medicine

      Sabooh S. Mubbashar, MD | Physician
    • Why doctors are reclaiming control from burnout culture

      Maureen Gibbons, MD | Physician
    • How community paramedicine impacts Indigenous elders

      Noah Weinberg | Conditions
    • A physician’s reflection on love, loss, and finding meaning in grief [PODCAST]

      The Podcast by KevinMD | Podcast
  • Past 6 Months

    • Why are medical students turning away from primary care? [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • Why “do no harm” might be harming modern medicine

      Sabooh S. Mubbashar, MD | Physician
    • Here’s what providers really need in a modern EHR

      Laura Kohlhagen, MD, MBA | Tech
    • What the world must learn from the life and death of Hind Rajab

      Saba Qaiser, RN | Conditions
    • How medical culture hides burnout in plain sight

      Marco Benítez | Conditions
  • Recent Posts

    • A physician’s reflection on love, loss, and finding meaning in grief [PODCAST]

      The Podcast by KevinMD | Podcast
    • How fragmented records and poor tracking degrade patient outcomes

      Michael R. McGuire | Policy
    • How New Mexico became a malpractice lawsuit hotspot

      Patrick Hudson, MD | Physician
    • How I learned to stop worrying and love AI

      Rajeev Dutta | Education
    • Understanding depression beyond biology: the power of therapy and meaning

      Maire Daugharty, MD | Conditions
    • Why compassion—not credentials—defines great doctors

      Dr. Saad S. Alshohaib | Physician

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

Leave a Comment

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

  • Most Popular

  • Past Week

    • Why are medical students turning away from primary care? [PODCAST]

      The Podcast by KevinMD | Podcast
    • Here’s what providers really need in a modern EHR

      Laura Kohlhagen, MD, MBA | Tech
    • Why “do no harm” might be harming modern medicine

      Sabooh S. Mubbashar, MD | Physician
    • Why doctors are reclaiming control from burnout culture

      Maureen Gibbons, MD | Physician
    • How community paramedicine impacts Indigenous elders

      Noah Weinberg | Conditions
    • A physician’s reflection on love, loss, and finding meaning in grief [PODCAST]

      The Podcast by KevinMD | Podcast
  • Past 6 Months

    • Why are medical students turning away from primary care? [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why tracking cognitive load could save doctors and patients

      Hiba Fatima Hamid | Education
    • Why “do no harm” might be harming modern medicine

      Sabooh S. Mubbashar, MD | Physician
    • Here’s what providers really need in a modern EHR

      Laura Kohlhagen, MD, MBA | Tech
    • What the world must learn from the life and death of Hind Rajab

      Saba Qaiser, RN | Conditions
    • How medical culture hides burnout in plain sight

      Marco Benítez | Conditions
  • Recent Posts

    • A physician’s reflection on love, loss, and finding meaning in grief [PODCAST]

      The Podcast by KevinMD | Podcast
    • How fragmented records and poor tracking degrade patient outcomes

      Michael R. McGuire | Policy
    • How New Mexico became a malpractice lawsuit hotspot

      Patrick Hudson, MD | Physician
    • How I learned to stop worrying and love AI

      Rajeev Dutta | Education
    • Understanding depression beyond biology: the power of therapy and meaning

      Maire Daugharty, MD | Conditions
    • Why compassion—not credentials—defines great doctors

      Dr. Saad S. Alshohaib | Physician

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

Leave a Comment

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...