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Compensation
Independent contractor status is attributed to locum tenens providers during their assignments with WS Locums. Your recruiter will partner with you to identify opportunities in line with your salary preferences and career objectives. Weekly payment will be conducted through WS direct deposit.
Compensation for locum tenens is determined by various factors, including:
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The demands of the medical specialty.
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The type of shifts worked by the healthcare practitioner.
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Patient volume attended to by the locum tenens healthcare provider is a factor in determining pay rates.
Perks
Simplifying the process for locum tenens professionals, our onboarding team facilitates seamless credentialing and privileges, managing documentation, verification, and communication between providers, hospitals, and third-party offices. We facilitate and accelerate the privileging and credentialing process through the following actions:
- Managing your documentation
- Gathering relevant information and necessary documents on your behalf
- Providing support in completing applications
- Securing references
- Performing background checks and additional verifications
- Ensuring your licensure in the designated assignment location.
Compensation for Locum Tenens is typically based on various factors, including specialty, experience, geographic location, and the duration of the assignment.
Payment frequency can vary but is commonly on a bi-weekly or monthly basis. Some agencies may offer different payment schedules, so it's essential to clarify this with your placement agency.
Many Locum Tenens contracts include reimbursement or coverage for travel expenses, such as airfare, accommodation, and rental cars. It's crucial to discuss and clarify the travel arrangements and expenses with the recruiting agency.
Some Locum Tenens positions offer benefits like health insurance, malpractice insurance, retirement plans, and other perks. The specific benefits can vary between different assignments and employers.
Yes, negotiation is possible. Discussing compensation, benefits, and other terms with the recruiting agency is a common practice. It's important to consider your experience, the specific requirements of the assignment, and industry standards during negotiations.
Yes, compensation can vary based on the duration of the assignment. Generally, longer-term assignments may offer a higher overall compensation package, but this can depend on the specific details of the contract.
Locum Tenens providers are often considered independent contractors, and taxes may not be withheld from payments. Locum Tenens physicians are responsible for managing their taxes, including income and self-employment taxes. It's advisable to consult with a tax professional to understand the specific tax implications.
Perks can include flexibility in work schedules, opportunities to work in different locations, exposure to diverse healthcare settings, and the chance to broaden clinical skills and experience.
Compensation for overtime and on-call hours may be outlined in the contract. It's important to discuss and clarify how extra hours are compensated, whether it's through an increased hourly rate or a separate payment structure.
In many cases, Locum Tenens providers can express preferences for assignment locations. The level of flexibility may depend on the demand for healthcare professionals in specific regions.
