Steven Babitsky, Esq. In consulting, as in many areas of business, setting your fees(pricing) is one of the more complex issues physician consultants will have to deal with. In my experience teaching physician consultants, almost every new physician consultant charges too little for their services. The reasons for this include the incorrect assumption that charging less will get [...]
Steven Babitsky Esq. Physicians may consult in one or more of hundreds of different niches for industry, providers, pharma, etc. Many successful physician consultants provide insight and nuanced knowledge in their field. If the client can look up the answer to their problem on google then they likely do not need a consultant. One of the most important [...]
Steven Babitsky, Esq. Physicians who are contemplating retirement should consider and plan for post-retirement supplemental income. Careful planning can provide the physician with many post-retirement options. Retiring first and then seeking additional income can result in significant lost opportunities. Here are some of the many opportunities for supplemental income for physicians considering retirement. Expert Witness Work Introduction One [...]
Thousands of physicians are currently hard at work on their screenplay or novel. What do all of these physicians have in common? These doctors all are hungry to make their writing dream a reality. These physicians have great stories to tell having encountered life and death, perseverance, and every day tragedy and heroes. The new wave of physician [...]
Physicians who want to become an entrepreneur can follow these 10 simple steps to success: 1. Decide on the goals of your business. The first step you will want to take is to decide your realistic goals for your business. Are you going to have a small enterprise where you are the main focus of the business? Alternatively, are [...]
Physicians looking to start a consulting practice should consider utilizing a written contract with their clients. The below sample physician consulting form contract is a good starting point and can be customized to each physician consultant’s needs and wishes. This Agreement is made effective as of __________________, by and between <Client Organization>, of <Client Address>, _________________________, ___ __________, [...]
Many physicians retire from the practice of clinical medicine and then they start to consider how they can keep active and supplement their retirement income. Physicians considering retiring will want to avoid the following common mistakes. HAVE A PLAN Physicians considering retirement are best served by thinking about and planning in advance how they will spend their time [...]
Many physicians retire from the practice of clinical medicine and then they start to consider how they can keep active and supplement their retirement income. Physicians considering retiring will want to avoid the following common mistakes. HAVE A PLAN Physicians considering retirement are best served by thinking about and planning in advance how they will spend their time [...]
Supplemental Income for Physicians Many physicians looking to supplement their income are interested in doing file review work from their home office. Kinds of Work Available for Physicians One of the most frequently asked questions is what kinds of file review work is available for physicians. The good news is that there are many different types of file [...]
One consideration often overlooked by new physician consultants is whether they should immediately start thinking about building a consulting company. Acting as a solo physician consultant has advantages, including: Retaining all the income No management responsibilities Being able to devote all of your time to clients The disadvantages of acting as a solo physician consultant, however, are significant, [...]