When starting in the world of locum tenens work, it can be confusing to determine the differences between the types of assignments available as well as the type of compensation to expect from each assignment. Three major assignment types are as follows:
1.) Government contracts :
One type of government contract out there is with military bases. These contracts can be anywhere from six months to a couple of years in length. In order for a provider to be accepted at a military base, agencies will submit what is called a bid, or the price at which a provider will work at that base. Based on this process, one would think money is the only factor when accepting a provider; however, this is not one hundred percent true. Each base will send out a practice description detailing what type of candidate they are looking for. After the quality and abilities of each candidate is reviewed, the price comes in to play. Compensation for government contracts is usually on the lower to middle section of the pay spectrum. The great thing about government work, however, is the prevalence of long term assignments. Longer assignments with lower pay usually end up being more worthwhile than a shorter contract with more money. In this case, the security of a long term paycheck usually wins out.
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Different from hospitals and private practices, Federally Qualified Health Centers (FQHC) and other state facilities offer a great way to expand your patient experience. Many locum tenens providers choose this type of setting as a way to give back to their community, and help the under-served populations. In this setting, providers will experience more Medicare and Medicaid reimbursements than in many other settings. Compensation in these types of facilities is dependent upon the budget and funding provided by the state to each individual facility. Typically, FQHC and other state supported facilities will pay less than most hospitals, but are still competitive with their rates.
3.) Hospitals:
Hospitals are a popular choice for many locum tenens providers because they house many specialties including (but not limited to) emergency medicine physicians, hospitalists, internal medicine physicians, cardiologists, general surgeons, etc. Also, hospitals usually have the funding capabilities to offer a wider range of pay along with a generous travel package often including hotel accommodations as well as airfare when necessary.
When choosing which locum tenens contract is right for you, it is important to look at what is driving you to work; is it money, location, patient population, community, or overall experience? Each type of assignment discussed here has different things to offer providers, including a variety of compensation structures. If any of these types of opportunities seem appealing to you, please contact Medestar for more details.
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Laura Shirley is a Director of Account Management and Scheduling at Medestar.
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