You've got your degree, finished your residency, and just got your medical practice license. Now, what's next on your journey when your loan deferment expires at the same time? Undoubtedly, you will struggle with how to pay for your loan debt, that you need other options to earn money.
Fortunately, locum tenens offers physicians an outstanding chance to handle their medical school debt. With locums, the benefits are endless, and working as a locum means you can pay off your debt, then maybe you can give it a try.
To learn more, here how locum tenens can help you pay off your medical debt.
- Locum tenens helps you earn right away
The joy of completing your residency or fellowship means that you have actually achieved your goal, but after that joyous moment, you have to go back thinking about how to pay when monthly payments are due for your medical school debt. With thousands of dollars of debt, many doctors do not have the luxury of taking time off to find their ideal permanent place after residency or fellowship. They have to work right away in order to earn money.
If you have not found a permanent role by the end of school, locum tenens is an excellent way to make money quickly. While working and meeting your monthly medical school loan payments, you can use this opportunity to apply for full-time jobs.
Find a locum agency and tell them that you are willing to take a position in an under-served region that provides better pay rates to draw doctors for even greater earning potential.
- Locum tenens also covers non-salary costs
Loans from medical schools aren't the only costs you'll face. Locum tenens companies or their clients (the healthcare institutions in which they partner) normally provide locum positions with travel and lodging. By this, you don't have to use your own money to travel to different assignments, and your accommodation is free!
Even if you make the same amount in a locum as you would in a permanent position, in particular, the housing stipend will help you invest more of your earnings on paying down loans from medical schools and achieving your short-term financial goals.
- Locum tenens can help you get that permanent position
Although the physician job market is always on demand and is never decreasing, it is not always easy to choose the right job and practice environment suitable for you. Where would you like to live? Do you agree that you are a hospitalist or a provider of private practice? If you want to practice in an urban medical center or settle in a suburban or regional hospital, what patient populations are you interested in?
Many graduates haven't figured out what step to take on their journey, but taking a new and different path might help you see and understand where you truly want to be. Locum tenens provides doctors with a way to test drive many settings of practice while earning cash. By personally experiencing several different location choices, you can decide what environment is right for you, and that is while making money to pay your debt.
- Locum tenens can supplement permanent work
Newly-licensed doctors have something that some older doctors might have missed over time- the desire to work hard to make more money. New trainees are used to working without great pay for long hours. Long working hours, with flexibility, can mean excellent pay.
If you have moved into a permanent role while you are still working as a salaried doctor, your contract can allow you to work locum tenens. Of course, get an assignment near your primary place. You can find many locum opportunities as the number of locum positions makes this a good possibility. A few years of this arrangement will help you pay down debt from medical school rapidly.
If you find yourself burning out in time, you have the freedom to cut back or avoid being a locum. Alternatively, you may want to switch to full-time locations for a period of time if you discover locum tenens provides the excitement and variety you lack in your permanent role.
Locum tenens offers so many benefits that include paying your medical debt and letting you see different environments to lead you to the right path of your medical career. If you are interested in doing locum work, you can always contact the professional recruiters at locumtenens.org today if you are completing residency or fellowship training and want to hear more about how locum tenens can help you earn money right away to supplement your income and pay off your debt.
We have a talented locum tenens providers of US Board certified Locums and also got you covered with locum tenens psychiatry coverage ensuring that our clients always get the service they require, on site or off location.
Medico Partners is looking for locums specialized in Haematology.
The ideal candidates have the privilege to choose their work in either the NHS Trust or the private sector hospitals.
These vacancies are on an urgent basis and therefore the preference will be given to the first responders.
We reserve the right to close before the dateline if a sufficient number of applicants had applied for the job.Requirement - The candidates must have full GMC registration and approval with a relevant degree and training, and the right to work in the UK.
Highlights - Salary: NegotiableWork location: in selected regions across the UKHospital: NHS Trust/PrivateJob type: Locum,opportunity for NHS Permanent jobBenefits: Incentives, Medical InsurancesFor detail information and to apply, go to the ‘register’ box and proceed.
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