- Joined
- Jul 2, 2016
- Messages
- 158
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Hmm partially agree and partially disagree. If you are smart with locums, the locums gigs tend to pay higher than the W2 gigs. Very easy to find $300+/hr in locums vs W2 jobs that want to pay as low as $120/hr in Denver or on average what I see is $200-220/hr then run like crazy to get RVU. So you could work 6-8 Locums shifts and get paid the same for what you have to work 15 W2 shifts to get.I mean maybe? This isn't good catch all advice for all comers. You either need to a) come from means or have an already established nest egg, b) be married to someone who can provide reasonably priced health insurance, or c) don't get sick.
In addition:
1) it's not inherently easy to get a rotation of 5-6 places to string together a FT or close to FT compliment of hours. And it will become harder and harder to achieve this with the glut of residents being graduated. Shops hate PRN / locums and you'll be the first out.
2) These sort of "locums lifers" have a reputation. In my experience, many have weird personalities, are weak clinically, and downright combative w staff, patients and other doctors. They don't tend to play well in the sandbox.
That all being said, I do think if you have a nice 2-3 million or more in assets and are sorta on that "coast FIRE" path, it can be a good move for a mid to late career physician, so long as you can tolerate the potential monthly swings in income. Or maybe you're a young buck who doesn't care that much about living an inflated lifestyle and are happy w a modest existence (likely without kids cause those things are luxury items believe me). It definitely is a tradeoff between freedom and predictable income.
I don't agree with the reputation always. I do both W2 and 1099 and I can tell you the middle of nowhere locums have to be a lot more comfortable seeing random things than W2 at a big center that can pawn everything off to specialists and residents.
Only part I agree with is the part that shops hate PRN/locums. Which is why you pick places that are undesirable locations/difficult to get to. Also in locums smart ones know to be credentialed at multiple hospitals at all times. Also agree with the health insurance part.
If done correctly, 1099 is better than W2 if we are talking about lifestyle and money.
Sorry for late reply I'm not on this regularly