Working in Emergency Medicine as an Independent Contractor

One of the options to consider when looking for an Emergency Medicine job is to work as an independent contractor. That is, you don’t work for the hospital itself, but as an independent Emergency Medicine provider contracted to practice Emergency Medicine for the hospital. Independent contracting has many advantages, including:

• You can take advantage of a wide range of Emergency Medicine job opportunities instead of being locked into one position or location for a long period of time.
• You have the opportunity to increase your compensation more quickly.
• You can broaden your experience by working in a number of different environments with varying levels of acuity and patient volumes.
• There are multiple tax, investment and retirement advantages to being an independent contractor Emergency Medicine clinician.
• You have the possibility of turning many of your expenses—including moving, traveling, education, memberships, publications and supplies—into tax advantages.
• You can build your schedule so that you can pursue other ways to further your medical career and professional development while still working in Emergency Medicine.

Working as an independent contractor in Emergency Medicine does present challenges as well. Because you are in business for yourself, you must decide your “business structure.” Will you set up a corporation? If so, what type is best for you? You must consider budgeting, tax preparation and financial management, insurance, retirement and benefits selection, etc. Despite these “challenges,” they are easily navigable and manageable if you plan ahead, do your research and seek the proper professional guidance. Independent contractor Emergency Medicine practitioners can reap many financial and professional rewards, it just takes initiative, strategy and follow-through; which is already in your wheel-house because they are the very same skills which got you through medical school and your Emergency Medicine residency.

Hospital Physician Partners has many independent contracting Emergency Medicine jobs across the nation in a variety of attractive locations. AND, we provide all of our independent Emergency Medicine clinicians with access to full group benefits and health insurance along with a bevy of financial planning services and support. We invite you to learn more. We also invite you to browse our independent contracting Emergency Medicine opportunities.