Eliminate Your Commute
On this week’s episode of the PNC podcast, John runs through the most popular home based careers for physicians. He starts by explaining why home based careers are so attractive.
Then he describes the benefits and challenges of each one.
We're proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.
The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country, with over 650 graduates. And, unlike other programs, which typically run 1 – 1/2 to 2 years, this program only takes a year to complete. Recently, Economist Magazine ranked the business school #1 in the world for the Most Relevant Executive MBA.
While in the program, you'll participate in a company project, thereby contributing to your organization. As a result, University of Tennessee PEMBA students bring exceptional value to their organizations.
Graduates have taken leadership positions at major healthcare organizations. And they've become entrepreneurs and business owners.
By joining the University of Tennessee physician executive MBA, you will develop the business and management skills needed to find the career that you really love. To find out more, contact Dr. Kate Atchley’s office by calling (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.
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Why Work from Home?
There are three main benefits to choosing a home-based career:
When you work from home, you’re able to handle household responsibilities. And navigating childcare or adult caretaking responsibilities may make this type of career a necessity.
2. Cost Savings
Eliminating your commute means you’ll save time, and reduce gasoline and auto maintenance costs, saving you thousands of dollars each year. And the time not spent commuting can be spent working and enhancing your income.
Home based careers offer the most flexibility. Though some require working 8-hour days, most will allow you to choose your hours. And you might be able to work from anywhere in the world, even while traveling. Or at odd hours, if you prefer.
Popular Home-based Careers
Here are the factors to consider when seeking one of these popular home based careers:
- Chart Review: Performing chart reviews can be done for utilization management, disability and worker’s compensation assessments, expert witness consulting, clinical documentation, and quality improvement. You can work anywhere that has access to the Internet and phone service. Some jobs require work during regular business hours.
- Medical writing: As a freelancer, you must set up your own business, and find work, initially. But once you develop relationships with several editors, you should be able to generate regular income, working from anywhere in the world. You must have the self-discipline to meet regular deadlines.
- Telemedicine: This is an especially flexible career. You must ensure that you are working with a reputable company. You can start by supplementing your income by moonlighting. And you need to take the necessary steps to manage your liability exposure. You can boost your income by working when other physicians are not working, such as during weekends and holidays.
- Consulting: If you're a consultant working from home, you will likely be freelancing, rather than working for a large consulting firm. You may have to do some traveling and speaking to build your authority and market yourself. But once you get started, most of your business can be done from home.
- Coaching: Coaching is similar to consulting. But the term is usually used with life, health, wellness, and business coaching of individuals or small groups. It can be face-to-face, but remote coaching is much more common. You must choose a coaching field based on your personal expertise, or obtain formal training, and possibly certification.
Home based careers offer a great deal of flexibility. And there are several attractive options to consider. The income levels might start out at the lower end of a clinical salary. But busy coaches, consultants, writers, chart reviewers, and telemedicine providers will enjoy improving revenues as they streamline their businesses and increase their customer or patient base. If you haven't already done so, you can listen using the player above, or through iTunes and other players.
Thanks for listening today. I appreciate your support. Be sure to join me next week on the PNC Podcast when I present my interview with Drs. Letizia Alto and Kenji Asakura, who have perfected their approach to generating cash flow through real estate investing, and now produce a course to teach others how to do the same.
Two weeks ago, I presented my interview with Dr. Andrew Wilner on the topic of locum tenens. You can find an extended version of our conversation on the Nonclinical Career Academy. You still have until May 15, 2020, to receive a Free Copy of The Locum Life: A Physician's Guide to Locum Tenens, Kindle Version, if you join the Academy (using any of the links on this page, including this one).
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- Nontraditional Careers: Locum tenens, Telemedicine, Cash-only Practice
- Hospital and Health System Jobs
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- Home-based jobs
- Preparing for an interview, and writing a resume
- And more…
Thanks to our sponsor…
Thanks to the UT Physician Executive MBA program for sponsoring the show. It’s an outstanding, highly rated, MBA program designed for working physicians. It is just what you need to prepare for that fulfilling, well-paying career. You can find out more at nonclinicalphysicians.com/physicianmba.
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The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life, or business.
The information presented on this blog and related podcast is for entertainment and/or informational purposes only. It should not be construed as medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counselor, or other professional before making any major decisions about your career.