Thirty-two percent of physicians had a secondary income in 2024, according to Medical Economics‘ 96th Physician Report, published Dec. 29.
Here’s a breakdown of physician’s additional sources of employment in 2024:
- Consulting: 25%
- Teaching: 20%
- Clinic work: 14%
- Market research: 14%
- Expert witness: 12%
- Medical administrator: 12%
- Hospice: 7%
- Hospital (non-ED): 7%
- Speaking: 7%
- Telemedicine: 7%
- Clinical trials/research: 3%
- Military: 3%
- Nursing home: 2%
- Emergency department/urgent care: 2%
- Locum tenens assignments: 2%
- Other medical work or non-medical work: 36%
Physicians’ estimated income from secondary sources:
- Less than $5,000: 5%
- $5,000–$9,999: 8%
- $10,000–$29,999: 22%
- $30,000–$49,999: 15%
- $50,000–$69,999: 14%
- $70,000–$89,999: 8%
- $90,000–$109,999: 8%
- $110,000–$129,999: 3%
- $130,000–$149,999: 5%
- $150,000 or more: 10%
Physicians’ primary reason for pursuing secondary income
- I like the extra income: 41%
- The work interests me: 39%
- It feels like a good way to give back: 5%
- I prefer being busy: 3%
- Other: 12%
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
