Grand Rounds: The Buisness Side of Medicine

The podcast explores the financial and lifestyle considerations of practicing medicine as a locum tenens physician. Guests Dr. Kathryn Sarnoski and Dr. Daniel Cataxinos share their experiences and motivations for choosing locums, emphasizing the flexibility, autonomy, and opportunities for travel and personal fulfillment it provides. They discuss the business aspects, including whether to set up an LLC, managing 1099 versus W-2 income, and maximizing retirement investment benefits through SEP IRAs. The guests also highlight the importance of contract negotiation, knowing one's worth, and ensuring all agreements are documented in writing to protect oneself and maintain a sustainable work-life balance.