Steven Babitsky, Esq.
An increasing number of physicians are looking for additional sources of income to supplement their clinical income.
We at SEAK are seeing a sharp increase in the number of physicians who are looking to diversify their income stream.
With the loss of income due to Covid-19 and the reductions in Medicare and insurance reimbursements, more and more physicians are following the adage “do not put all your eggs in one basket.” This is explained as:
If someone puts all their eggs in one basket they put all their efforts and resources into doing one thing so that, if it fails, they have no alternatives left.
Many physicians no longer feel comfortable in relying solely on their clinical income to support themselves and their families.
These physicians are pursuing these additional revenue sources:
- Disability and file reviews
- Consulting
- Life care planning
- Expert witnessing
- IMEs
- Writing
- Inventing
- Physician advisor
- Teaching
For additional information, see www.supplementalincomeforphysicians.com.
About the Author
Steven Babitsky, Esq. is the President of SEAK, Inc. and can be reached at stevenbabitsky@seak.com or 508-548-9443.
