In today's episode, we hear how to develop a lucrative side gig as an expert witness. Peter Steinberg is a urologist who has developed a part-time expert witness practice over the past five years. And, in this interview he explains how he did it.

But before we get into today’s exciting interview, I need to tell you that today’s episode is sponsored by my NEW focused mentoring program called Become CMO in a Year.

In this program, you’ll launch your career as a hospital or medical group Chief Medical Officer. In three to four weeks, we develop a plan to obtain the necessary experience to make you attractive to recruiters and health system CEOs.

To learn more about the program, visit vitalpe.net/cmomentor. The introductory price of $229 is available to the first ten students who sign up before October 1st. Unfortunately, only a few slots remain. So, time is running out. After October 1st, 2018, the price returns to $459.

OK, let’s get to today’s interview.

Enter Dr. Steinberg

Dr. Peter Steinberg is a board-certified urologist. He's also the director of endourology and kidney stone management at Beth Israel Deaconess Medical Center, one of the Harvard Medical School teaching hospitals. He graduated from the University of Pennsylvania School of Medicine. He then completed a urology residency at Dartmouth Hitchcock Medical Center, and an Endourology Fellowship at Montefiore Medical Center.

Photo by Claire Anderson on Unsplash

His interests include medical malpractice, expert witness, patient safety, communication in the operating room, and medical writing. He also enjoys consulting related to medications and devices, health care venture capital, angel investing and public speaking. Of interest to us, he has extensive experience as a urological expert witness. He has been a guest on several other podcasts, including “The White Coat Investor” and “Radical Personal Finance”.

This work seems like a really good way to augment your clinical practice. It's like the ultimate moonlighting. You can earn MORE on an hourly basis than working clinically.

You should recall that work as an expert witness allows you to create beneficial tax-favored retirement accounts. These include options such as a SEP-IRA or a Solo 401(k). I’m not an accountant, so don’t rely on my advice on retirement accounts. But check it out if you work as an independent contractor in this, or any other, capacity.

How to Become an Expert Witness

Here are some of the topics we talked about:

Resources provided by the American Urological Association, including a registry, and policies to apply when working as an expert witness.
Three big reasons Peter enjoys his work as an expert witness, with a full discussion of the income opportunities.
The three major duties of an expert witness, which include chart reviews, depositions and, rarely, testifying at trial.
Other resources for those wishing to pursue this career.

You can connect with Peter on LinkedIn – just search for Peter Steinberg MD.

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Next week’s episode is still being selected, so don’t miss it.

Thanks again for listening. I hope to see you next time on Physician NonClinical Careers.

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Disclaimer:

The opinions expressed herein are those of me, and my guest where applicable. And, while the information published in written and audio form on the podcast are true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed herein will lead to success in your career, life or business.

The opinions are my own, and my guest's, and not those of any organization(s) that I'm a member of, or affiliated with. The information presented on this blog and related podcast is for entertainment and/or informational purposes only. They should not be construed as advice, such a medical, legal, tax, emotional or other types of advice.

If you take action on any information provided on the blog or podcast, it is at your own risk. Always consult a professional, e.g., attorney, accountant, career counsellor, etc., before making any major decisions related to the subject matter of the blog and podcast.

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