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 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
