So this is a great question and there are a lot of answers, which is awesome.
Some easy ways to increase income:
1. Medical directorships: Nursing homes, Hospice, etc. They all need a doc to place orders and call the shots. Usually not terribly demanding (can run a busy clinic and still do this) and the pay can be great.
2. OMM: (not a popular option on SDN) I don’t do this, but you’d be surprised how many people love OMM and are willing to pay cash for it. And if it keeps them off Narcs, then I’m all for it.
3. Moonlighting: I do hospitalist work on the side, I love it. I only do weekends and can choose when to work and when not to. My gig is paid hourly, and it’s usually a few grand extra per month. Enough to pay my mortgage, or buy a nice car etc if I needed it to, mainly I just throw it toward student debt. I have partners who work in ED, L&D, urgent care etc.
4. Cosmetics: there are courses in cosmetic medicine, Botox etc. Pay is good, but I can’t bring myself to do it.
5. Telemedicine: I’m seriously considering getting in on this. It’s super simple stuff, anyone that’s the least bit sick you triage to a face to face appt with a provider, otherwise you write scripts for basic stuff and get paid fairly well considering you can do it from your own home if you want.
That’s a pretty good list; but there are way more options out there too. FM is extremely broad, meaning opportunity for side earnings is as well.
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So this is a great question and there are a lot of answers, which is awesome.
Some easy ways to increase income:
1. Medical directorships: Nursing homes, Hospice, etc. They all need a doc to place orders and call the shots. Usually not terribly demanding (can run a busy clinic and still do this) and the pay can be great.
2. OMM: (not a popular option on SDN) I don’t do this, but you’d be surprised how many people love OMM and are willing to pay cash for it. And if it keeps them off Narcs, then I’m all for it.
3. Moonlighting: I do hospitalist work on the side, I love it. I only do weekends and can choose when to work and when not to. My gig is paid hourly, and it’s usually a few grand extra per month. Enough to pay my mortgage, or buy a nice car etc if I needed it to, mainly I just throw it toward student debt. I have partners who work in ED, L&D, urgent care etc.
4. Cosmetics: there are courses in cosmetic medicine, Botox etc. Pay is good, but I can’t bring myself to do it.
5. Telemedicine: I’m seriously considering getting in on this. It’s super simple stuff, anyone that’s the least bit sick you triage to a face to face appt with a provider, otherwise you write scripts for basic stuff and get paid fairly well considering you can do it from your own home if you want.
That’s a pretty good list; but there are way more options out there too. FM is extremely broad, meaning opportunity for side earnings is as well.
Thanks so much! This is really informative. The broadness of this field is one of the major factors that draw me. Just a ball park estimate, how much could a family physician boost their yearly income by taking advantage of opportunities such as the ones you have listed? I know the average is around 220K a year. For example, could a PCP easily break 300K doing things like this?