Recent Posts by Lauren Garvey

How Can Part-Time Locums Boost Your Income?

What would you do with an extra $5,000, $10,000, or $20,000 a year? Maybe you'd add to your retirement plan or contribute to a child's college fund. Perhaps you'd complete a costly home repair you've been putting off or finally take that much needed vacation. Locum tenens makes it possible. As a locum tenens physician, you…
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Making the Transition to Locum Tenens

As a physician considering locum tenens, you've probably heard about the great benefits, such as competitive pay, travel opportunities, and flexible schedule. While these perks are great, there are other things to consider before choosing locums. How do I find job placements? How do payment and taxes work? What about liability insurance? These are all things…
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Locums Lifestyle: Myths vs. Reality

True or False: locum tenens is only for doctors who can't get a job anywhere else. False! Locum tenens can be an attractive option for many physicians coming from several different backgrounds and experience levels. Numerous benefits, like competitive pay, flexibility, and enhanced work-life balance are all advantages to working locums. You may have previously heard…
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Freelance Doctors: Take a Scalpel to Your Tax Bill

By Peter C. Thoms, CFA www.LocumTenensTaxStrategy.com Many freelance doctors who earn high income from self-employment are eligible to make very large annual, tax-deductible contributions to an IRS-approved retirement plan called a defined benefit plan. In many cases, they can contribute $100,000 or more annually—and thereby save $40,000+ in taxes every year while rapidly building a…
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Top 5 Reasons Doctors Choose Locums

Over the years, the locum tenens industry has continued to grown. This is even more true in recent years as the nation has experienced an unprecedented shortage of doctors in addition to an overwhelming jump in patient population. Competitive pay, career flexibility, and travel opportunities are the most obvious benefits of working locum tenens. However,…
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Reducing Your 2016 Tax Bill Just Got Easier

Wondering how you can reduce your 2016 tax bill? Working with a firm like Orion Capital Management LLC makes it easy by helping you to set up a defined benefit plan catered to you and your unique needs as a locum tenens physician. To make things even simpler, they've created an infographic that provides a quick visual summary…
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5 Vital Tips For First-Time Locums Physicians

There are many reasons physicians are drawn to locum tenens. Extra income, travel opportunities, and escaping burnout are just to name a few. Once you've made the leap and joined the thousands of other physicians choosing the locums life, it's time to prepare for your first assignment. After credentialing, finalizing rates, and completing licensing paperwork, you’re…
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4 Topics A Physician Shouldn’t Discuss On Social Media

As a physician on social media, you may want to maintain a degree of transparency, but guidelines are very important when using any sort of media in a professional capacity. Here are four things to avoid when posting Twitter, Facebook or any other social media site: 1. Alcohol consumption – You may just be meeting up…
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Tip to Physicians: Listen to Your Non-Medical Friends

As a physician, you probably tend to gravitate towards your close network of medical colleagues and friends when you need advice. This is to be expected. However, it's important to not undervalue the advice and unique viewpoint of your non-medical friends as well. Sometimes, it takes a close friend outside of medicine to remind you of the little things,…
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A Pink Bag and a Physician’s Journey Through Medicine

Many physicians have a sacred piece that they keep with them always - whether it's a personalized white coat, a swanky stethoscope, or a special "on call" bag. After graduating medical school, Dr. Ashley Sumrall had no idea where the pink bag gifted to her by her parents would take her. A change in specialty,…
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