I am looking into a locums gig for a few months when I might be between jobs, and I was hoping that those familiar with locums work can give me some advice (I've never done it myself). The back-story is that there is a small rural hospital near where I have a second home where it would be nice to spend the summer, but not necessarily a place I want to work full-time. They have postings available for both full-time and locums work and I want to use the information from the full-time gig to maximize the locums pay. This is all based on advertised rates, and I have not contacted the group yet. Here is the info:
Advertised full-time 1099 pay is about $13,500 per week worked and covers insurance with tail, q4 call with no post-call day off. Advertised locums pay is $1500 a day 7-3:30, so $7500 a week.
So basically an extra $6000 a week to cover call. On an average week that would have 5/4 weekday calls and 1/4 of a weekend (or 5 weekday calls a 4 week (28 day) month and 2 weekend 24 hour shifts). What is the best way to structure this to maximize pay? Specific questions:
1) Best way to structure deal? Flat rate for weekday and weekend call vs. cost to carry pager + hourly night/weekend rate
2) For both above (flat rate vs pager + hourly rate), what are reasonable rates?
3) My initial plan: Negotiate $1800 for 7-3:30 ($9000 a week), $1000 to carry pager on weekday (average $1250 a week), $2000 pager call per weekend 24 hours shift ($1000/wk), $300/h after 3:30 or on weekend. This works out to $14,250 for 50 hours a week in the hospital with a fair amount of pager call. Floor would be $11,250 a week for 40 hr week. Reasonable? Unreasonable? Where should I tweak? How to maximize?
Thanks in advance.
Advertised full-time 1099 pay is about $13,500 per week worked and covers insurance with tail, q4 call with no post-call day off. Advertised locums pay is $1500 a day 7-3:30, so $7500 a week.
So basically an extra $6000 a week to cover call. On an average week that would have 5/4 weekday calls and 1/4 of a weekend (or 5 weekday calls a 4 week (28 day) month and 2 weekend 24 hour shifts). What is the best way to structure this to maximize pay? Specific questions:
1) Best way to structure deal? Flat rate for weekday and weekend call vs. cost to carry pager + hourly night/weekend rate
2) For both above (flat rate vs pager + hourly rate), what are reasonable rates?
3) My initial plan: Negotiate $1800 for 7-3:30 ($9000 a week), $1000 to carry pager on weekday (average $1250 a week), $2000 pager call per weekend 24 hours shift ($1000/wk), $300/h after 3:30 or on weekend. This works out to $14,250 for 50 hours a week in the hospital with a fair amount of pager call. Floor would be $11,250 a week for 40 hr week. Reasonable? Unreasonable? Where should I tweak? How to maximize?
Thanks in advance.