From making $208,000 in 2021, are you an anesthesiologist looking for ways to make some extra money? If so, you’ve come to the right place! In this blog post, we’ll be discussing 6 great side hustles for anesthesiologists that can help them earn a significant amount of extra income.
6 Side Hustles for Anesthesiologists
Table of Contents
-1 Locum tenens
-2 Medical writing
-3 Moonlighting
-4 Consulting
-5 Teaching
-6 Conclusion
From telemedicine and consulting to writing and teaching, we’ll provide all the information necessary for anesthesiologists to get started on their journey towards financial freedom. So, without further ado, let’s dive into the top 6 side hustles for anesthesiologists to earn extra income!
Locum tenens
If you’re an anesthesiologist looking to make extra money, locum tenens is a great option. Locum tenens is a form of temporary medical staffing where healthcare professionals fill in for absent providers for short periods of time. As a locum anesthesiologist, you can work in different locations on a contractual basis and earn more than your regular salary. Locum tenens assignments can range from a few days to several weeks or even months. This kind of temporary employment allows you to have more control over your schedule and to gain experience in different settings. It also helps you develop relationships with new hospitals, clinics and other medical facilities. The best part is that you don’t have to commit to any long-term contract, so you can take as many or as few assignments as you want. If you’re interested in locum tenens, there are a few things you should consider. First, make sure that the institution you’re working with is accredited by the appropriate bodies. You should also research the organization and read reviews before signing up. Finally, negotiate your pay rate upfront and make sure that you’re getting a fair rate for the services you provide. How Much Locum tenens Makes a Year: As of Jan 2, 2023, the average annual pay for a Locum Tenens Physician in the United States is $265,740 a year.
Medical writing
Medical writing is a great way for anesthesiologists to utilize their expertise and experience to earn some extra income. Medical writers typically create reports, articles, and other materials for medical journals, pharmaceutical companies, and healthcare organizations. The work requires excellent written communication skills and knowledge of medical topics, making it a perfect fit for anesthesiologists. Most medical writers are self-employed, allowing you to pick and choose the projects that interest you the most and control your own hours. You can also take on full-time positions at pharmaceutical companies or other healthcare organizations. If you have the necessary experience and qualifications, you can even become an editor of a medical journal or trade publication. Medical writers must keep up with current trends in the industry and stay abreast of advances in anesthesiology. However, with the right combination of skills and dedication, medical writing can be a lucrative side hustle for an anesthesiologist. How Much Medical Writers Makes a Year: Medical writers make $93,842 per year on average, or $45.12 per hour, in the United States.
Moonlighting
Moonlighting is a great way for anesthesiologists to earn additional income outside of their regular job. This type of side hustle can take a number of different forms. Anesthesiologists can choose to work in an emergency room or intensive care unit, or they can provide anesthesia services in a hospital or surgical center. The great thing about moonlighting is that it provides the flexibility to work when and where you want. Anesthesiologists can often find positions that offer them the opportunity to work nights and weekends, giving them the opportunity to manage their own schedule. When taking on a moonlighting position, anesthesiologists should ensure they are familiar with the anesthesia equipment and procedures of the facility where they will be working. It’s also important to make sure you have all necessary licensure and malpractice insurance in place before you start moonlighting. Another thing to consider when taking on a moonlighting position is the rate of pay you will receive. Anesthesiologists can often negotiate for higher rates if they are willing to work at night or on the weekends. Overall, moonlighting is a great way for anesthesiologists to gain additional experience and income. How Much Can You Make Moonlighting a Year: As of Jan 2, 2023, the average annual pay for a Resident Moonlighting in the United States is $117,948 a year.
Consulting
If you’re looking for an extra income stream that requires minimal effort, consulting could be the way to go. Consulting is a great side hustle for anesthesiologists, as it allows you to use your expertise and experience in the field. Depending on the type of consulting you do, you can either offer your advice in person or remotely. For anesthesiologists, consulting opportunities can range from providing advice on risk management, legal issues, patient care, or even providing insight into medical coding and billing systems. As an anesthesiologist, you are also in a unique position to provide your opinion and knowledge on new technologies or procedures that may be implemented in the future. Consulting for anesthesiologists can also include sharing your knowledge of patient care with other physicians or health care professionals. As a consultant, you can provide insight into patient safety protocols, pain management techniques, and best practices for working with particular types of patients. No matter what type of consulting you choose to do, make sure you charge a fair rate for your services. Consulting can be a lucrative side hustle for anesthesiologists and can be a great way to supplement your income. How Much Can You Make As a Consultant a Year: the salary range typically falls between $84,035 and $101,337.
Teaching
Anesthesiologists with a passion for sharing their knowledge may enjoy teaching at universities, hospitals, and medical schools. This can be a great way to spread your knowledge and experience while earning extra income. Opportunities to teach include being an instructor in the classroom or online, giving lectures, developing course curriculum, or conducting clinical and lab training. If you choose to pursue a teaching position, keep in mind that some institutions may require additional credentials. Furthermore, the hours and commitment required may differ depending on the type of teaching position you pursue. Teaching positions can be especially flexible if you opt for part-time or adjunct faculty positions. Additionally, if you have a great relationship with your current employer, you may be able to work out a situation where you teach at their institution. The potential financial benefits of teaching depend on the institution and the type of position. Anesthesiologists who take on teaching opportunities should also consider the value of the experience gained from being an educator. Teaching is a great way to further your own education, develop relationships with colleagues and students, and stay up-to-date on the latest developments in your field. How Much Can You Make Teaching Medicine a Year: The average annual salary for Medicine Teachers in the US is $102141.
Conclusion
It makes sense that many anesthesiologists would want to hunt for more income if they were to earn $208,000 in 2021 in order to meet certain obligations. It is guaranteed that reading this comprehensive piece about some of the side businesses that anesthesiologists can engage in will help you make a little dollars after you select what to do. So make sure you choose the best available job that you are comfortable with and make yourself some few bucks.