Physician Job Resources

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Career Information for you:

Doctor putting on PPE

COVID’s Effect on the Physician Job Market

Almost a quarter of healthcare clinicians were professionally affected at some point in 2020 due to the pandemic, according to a LocumTenens.com survey. Of those respondents, approximately 75% were working again by late fall, through their former employer, a new employer or through locum tenens work. Physicians working in specialty fields found themselves suddenly without patients, especially in areas providing elective procedures or preventive medicine. The good news is now that much of the country is at least partially vaccinated, patients are feeling comfortable to reschedule missed appointments, but the bad news is many have experienced worsened health from missing necessary preventive appointments.  A 2020 survey of patients found that since the start of the COVID-19 pandemic, almost half (44%) said they stopped going to preventive care visits in-person. However, right before vaccinations began, a quarter stated they stopped during the pandemic but are now returning to routine appointments. That number is increasing even more as the U.S. becomes more vaccinated.  According to the federal bureau of labor statistics January 2021 report, healthcare added 39,000 jobs in December, and that number is expected to keep rising. Now that healthcare organizations are hiring again and patients are returning to delayed appointments or procedures, the job industry for physicians looks positive. If you are looking at changing your employement as a physician and need assitance in your transition, check out Panacea Financial’s PRN Personal Loan!

Videoteleconference with a job interview as a physician

Career Advice After Residency

Congratulations! You made it through medical school and have completed your residency. Now what? As you take the first step toward planning your career as a physician, there are many considerations you need to make as you embark on your journey. First, explore all your options as a new physician. Consider what type of practice type would work best for your lifestyle and family or evaluate where you’d like to live in relation to a practice setting. Working with locum tenens is a good way to try out different locations and settings to see which is a better fit for you and your career.  Once you determine where you want to work, make sure you are prepared with both your CV and your interviewing skills. Experts can help you prepare, and it’s always best to practice your negotiating skills. Don’t think you need to accept the first job offer that comes your way. As the U.S. is preparing for a physician shortage, you are in demand and are worth more than you might think!  Make sure your finances are in order. Now that you’re out of residency, you might be excited about what comes with a physician’s income, but you can’t forget you most likely have a substantial medical school debt. Locum Tenens employment is often paid as a 1099 employee, which means you won’t be eligible for Public Service Loan Forgiveness (PSLF). If that’s the case, investigate whether refinancing your student loans if right for you. Consider hiring a financial adviser to create a budget or plan for how you will purchase a home or invest for your and your family’s future. Panacea can help you achieve financial independence through their unique banking opportunities exclusively for physicians like checking and savings accounts, PRN Personal Loans, and Student Loan Refinance. Most importantly: have fun! You’re officially a doctor now and you’ll be making a difference in the lives of patients you treat. While it might seem daunting and overwhelming at first, this is an exciting time in your life and you should embrace every new experience. Good luck!

physician in surgery

Infographic – Imposter Syndrome

Infographic incorporates the following articles: AAMC – Imposter Syndrome WSJ – Why So Many Millenials Fall Prey to Imposter Syndrome Int J Med Educ – Impostor Syndrome and Burnout Among American Medical Students: a Pilot Study  J PA Educ – The Imposter Phenomenon in PhysicianAssistant Graduates

Telemedicine visit with a physician on an ipad

Considering Telehealth

Prior to the COVID-19 pandemic, 34% of Americans say they used telehealth services, and two thirds (66%) of Americans say they never used telehealth services, according to a consumer survey conducted by LocumTenens.com. Unsurprisingly, older Americans were the least likely to use telehealth services (83%). However, when asked about the use during the COVID-19 pandemic, the majority (53%) say they have used telehealth services with 22% saying they use it whenever possible.  It’s no wonder then that almost three-quarters (74%) of healthcare providers say their organization has increased their use of telehealth services due to COVID-19, and almost half (44%) say they have invested in new technology solutions to be able to communicate with patients remotely, according to a 2020 report.  At the beginning of the pandemic, a public health emergency declaration was enacted, making telehealth and telemedicine legislation easier for states to adopt. However, this change is only temporary and, unless further action is taken by legislators, will expire once the public health emergency declaration does. Right now there are some legislative bills being proposed in Congress to continue telehealth’s trajectory. Each state also has its own proposed legislation to expand the use of telehealth services beyond the pandemic. Their statuses change regularly, but the Center for Connected Health Policy provides up-to-date information about the different bills and registers.   Why work telehealth? Here are the top 5 reasons: Better work-life balance More flexible scheduling Make yourself a more appealing candidate Experience higher patient satisfaction The industry is growing View more about why telehealth could be a great career choice here. If you need financial support while you build out telehealth capabilities, please check out Panacea Financial’s PRN Personal Loan or Practice Solutions!

LocumTenens.com job search site - help find your locums job today

What are your peers earning?

Compare your salary to your peers by viewing annual salary reports or view previous years.

What are your peers earning?

LocumTenens.com job search site - help find your locums job today

Compare your salary to your peers by viewing annual salary reports or view previous years.

What is “Locum Tenens”?

Physician staffing is a fluid market across the country. Temporary and short-term physician jobs are called “Locum Tenens” and are always needed and can provide you a flexible way to earn extra income.

What is “Locum Tenens”?

Physician staffing is a fluid market across the country. Temporary and short-term physician jobs are called “Locum Tenens” and are always needed and can provide you a flexible way to earn extra income.

What is “Locum Tenens”?

Physician staffing is a fluid market across the country. Temporary and short-term physician jobs are called “Locum Tenens” and are always needed and can provide you a flexible way to earn extra income.

Medical trainee looking for new articles
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Resources to help you look for jobs

Finding the time to research and understand your financial options can be overwhelming. That’s why we’ve complied some helpful resources to guide you to making well informed financial decisions.

Resources to help you look for jobs

Medical trainee looking for new articles
Join over 15,000+ physician people

Finding the time to research and understand your financial options can be overwhelming. That’s why we’ve complied some helpful resources to guide you to making well informed financial decisions.

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