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Keep More Money In Your Pocket! 6 Tax Tips for 1099 Employees

Posted by VISTA Staffing on Oct 14, 2016 8:30:00 AM

Locum tenens work offers exciting advantages for your medical career—your taxes just may be a little more complicated than a standard employee. Because most locum tenens work is based on an independent contractor model, a key part of managing your career is accurate and diligent recordkeeping.

Turn the following tips into habits to avoid surprises at tax time—and to ensure you take advantage of all tax deductions you’re entitled to.

Pay Yourself Last

Forgetting to set aside money for taxes could eat into money you have budgeted for other items. A good rule of thumb for 1099 employees is to pay taxes, debts and bills before paying yourself. That includes setting aside 40% of your earnings for federal, state and self-employment taxes. It’s also smart to set money aside for time between jobs to fill the gap in income, and to put a fixed amount into savings each month for emergencies.

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The 5 Greatest Areas of Locum Tenens Needs

Posted by VISTA Staffing on Mar 11, 2016 9:30:00 AM

In recent years, physician demand has increased. According to Becker’s Hospital Review, there are several reasons why demand is on the rise: patient volume is greater due to aging Baby Boomers, and there is an increase in insured patients due to the Affordable Care Act. There is also a steady rise of physician shortages, nationwide. To meet physician demand, locums are increasingly being relied upon to meet the staffing needs of hospitals and healthcare facilities—this has greatly increased the number of locum tenens jobs. 

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National Doctors’ Day

Posted by VISTA Staffing on Mar 30, 2015 12:24:00 PM

National Doctors’ Day is March 30. Since 1989, this day has been observed across the US. Still, some communities have observed this day since 1933. This day, set aside to recognize physicians and the important role they play in the community, is a staple for physician recognition.

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The Changing Face of the Physician Shortage

Posted by VISTA Staffing on Feb 12, 2015 11:22:00 AM

Evidence suggests there is a dire physician shortage in not only the US, but the world as a whole. To some, the Affordable Care Act is a piece of legislation that contributed to the increased patient demand and therefore the resulting physician shortage. Yet many of the forecasts of the past are under revision due to promising, untested alternatives about how to solve the physician shortage issue.

As evidence of the changing face of the physician shortage, consider a contrasting report from the Association of American Medical Colleges that, at one point, predicted a shortage of more than 90,000 physicians by 2025. This organization’s most recent report from March 2015 cut that number nearly in-half to approximately 46,000. Likewise, the government's Health Resources and Services Administration acted similarly. It initially predicted a physician shortage of 20,400, only to reduce the number to 6,400 after considering the roles of physician assistants and nurse practitioners.

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The 5 Best Physician Jobs for 2015

Posted by VISTA Staffing on Jan 15, 2015 11:33:00 AM

 

Planning a career in medicine? We have compiled a list of the top five physician jobs for 2015, based on a number of different criteria, from compensation to workplace stress.

1. Neurosurgeon

Neurosurgeon tops the list for 2015 due to a combination of compensation and work environment. Forbes reports annual compensation of about $591,000. By contrast, the median salary for physicians across all specialties is just $187,200 according to the Bureau of Labor and Statistics (BLS). As for work environment, neurosurgery is such a highly specialized area of medicine that doctors working in this field are generally given a lot of latitude. Most do not complain about workplace stress or pressure anywhere near what is reported by general practice doctors.

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6 Things You Need to Know about ICD-10

Posted by VISTA Staffing on Jan 9, 2015 11:34:00 AM

Healthcare reform has brought with it a number of changes that affect how healthcare services are delivered and accounted for. Among the most complex changes is the implementation of the ICD-10 coding and billing standards. The new standards will eventually be required on all healthcare providers covered by the Health Insurance Portability and Accountability Act (HIPAA).

Here are six things you need to know about ICD-10:

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Hospitalists – Fastest Growing Specialty in the Industry!

Posted by VISTA Staffing on Oct 27, 2014 12:48:00 PM
Recent national surveys reveal that hospitalists are the most sought-after providers forlocum tenens opportunities in the industry.  Patient’s preferences for on-site and immediate assistance, as well as a personal approach to their specific healthcare needs, has created a growing demand for attentive and available physicians on a consistent basis.  A hospitalist’s ability to manage acute care patients in addition to developing and managing aspects of hospital operations allows facilities to optimize their operations resulting in greater management and care.  Many studies are additionally showing that hospitalists can reduce a patients’ length of stay up to 30% and hospital costs up to 20%.

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Cowboy or Pit Crew?

Posted by VISTA Staffing on Oct 7, 2014 12:55:00 PM

In a recent TEDTalk*, Atul Gawande set out his prescription for healing medicine. Gawande is a general and endocrine surgeon at Brigham and Women’s Hospital in Boston, and a staff writer for The New Yorker. His talk included a little history, a little psychology, and, in my opinion, good news for locum tenens physicians.

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Professional CV – a must for every physician

Posted by VISTA Staffing on Jul 7, 2014 1:41:00 PM

 

Whether you are a locum tenens physician or a clinician looking for permanent opportunities, it is important that you create a curriculum vitae that highlights your experience and background.  Make sure that you dot your “I’s” and cross your “T’s”.  Here are some of the common details that we tend to overlook but are key to a great CV.

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A glimmer of hope for the global health workforce

Posted by VISTA Staffing on Jun 12, 2014 1:01:00 PM

I was cheered to read that 20 men and women graduated from medical school in Somalia last week, becoming that country’s first new class of physicians in more than two decades. What a feat! Reports say they dodged firefights on the way to school, maneuvering through Mogadishu, one of the world’s most violent cities. The ceremony was held inside the barricaded walls of a hotel.

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About VISTA Staffing Solutions

Founded in 1990, VISTA Staffing Solutions helps hospitals, medical practices, and government agencies in the US optimize their physician staffing, ensure quality and continuity of care for patients, and maintain financial stability. A leading provider of US Locum Tenens and Permanent Physician Search Services, VISTA has 30 years of experience providing award-winning service in the locum tenens industry.