Owning a Private Practice and Working Locums
If you are a physician who owns a private practice, you may have considered hiring locum tenens providers to supplement your permanent staff, but have you thought about working locums yourself? Working locums while building or running a private practice can be a wise business decision for many physicians. Here’s how you can use the freedom, flexibility, and financial benefits of the locum tenens arrangement when you have a private practice.
Building a New Private Practice While Working Locums
Embarking on any new business venture can be risky, but diving head-first into a brand-new medical practice can be especially daunting. If you’re opening a new practice, consider easing in by working locums part time. You’ll have the financial safety net of your locums income paired with the flexibility in scheduling you’ll need to get your practice started.
Strengthening Your Private Practice as You Work Locums
If you’re a seasoned practice owner, you may want to work locums to expand your expertise or bolster your existing skillset. Whether you’re interested in branching into a new specialty or subspecialty or developing your skills within your field, you can learn new techniques and procedures from other providers on assignment as a locums. Plus, you’ll be able to expand your professional network, which can be particularly useful if you have a smaller practice.
Supplementing Your Income by Working Locums
Building and maintaining a private practice in the current healthcare landscape can be challenging. The start-up costs, malpractice insurance, office rent, medical equipment, sales and marketing expenses, and legal fees alone can quickly become overwhelming. Once the practice has been established, the real reward comes, but in the meantime, personal finances can take a hit. A locum tenens assignment can help ease this burden. Whether you want to earn additional income to support a growing family, build a nest egg, buy a new home, or retire early, you can reap the benefits of having a locums gig on the side.
How to Make Locums Work for You
If you’re interested in taking on additional work as a locums provider, you’ll want to set yourself up for success. Here are a few tips on how to make locums work for you when you have a busy and growing practice:
- Take local assignments so you won’t have to spend time on travel
- Arrange to work evenings or weekends or during your vacation time
- Ensure you have reliable office support at your practice to handle issues if you’re unavailable
- Focus on locums assignments that will broaden your expertise and skills
- Develop a relationship with a trusted locum tenens agency
Work with Cross Country Locums
Take your next locum tenens assignment. Let our team of experts find you a match that fits your schedule, interests, and private practice goals.