Becker's Healthcare August 29, 2024
Around 36% of physicians earned income from an employment source outside of their practice in 2023, the highest number in five years, according to Medical Economics’ 2024 Physician Report published Aug. 14.
In 2022, 34% of physicians had a side gig, up from 31% in 2021.The most popular sources of side gigs for physicians include consulting, medical administrator and clinic work.
Internal medicine physicians had the highest amount of average secondary income in 2023, with $60,000. Second, was family medicine, who had an average of $54,000.
The increase of physicians looking to side hustles comes as CMS pay continues to decline. Medicare physician payments have declined 29% since 2001, when adjusted for inflation, according to the American...
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