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Locum Tenens – Why Doctors Choose To Work As Locums

Published

4 years ago

January 19, 2021

While some doctors work as locum tenants instead of full-time jobs, the majority of doctors work in addition to full-time jobs, according to a new study. Last year, 40,000 doctors worked in senior positions in the US, and physician recruiters and locum tenens companies are an important part of this fast-growing industry.

Data from the Center for Disease Control and Prevention (CDC) and the Department of Health indicate that locum doctors will help address the challenges facing hospitals and millions of patients across the country in the coming decades.

Reasons Why Doctors Choose Locum Work

Locum doctors fill many posts and ensure that more people go to doctors and receive medical care, which compensates for the shortage of doctors, especially in underserved areas.

Many locum doctors use temporary work to focus their careers solely on clinical care. Hospital doctors can also use it to determine what they want to do with their careers.

Hospital administrators also find using temporary staffing solutions appealing to save on training and career development costs, and the cost of treatment errors is covered in most contracts.

High demand also means that doctors can afford to be flexible about where they want to use their skills and when they want to work.

Given the large number of patients currently being seen, GPs can feel safer to find work at any time and be more flexible in their working hours.

Salaries for general practitioners have increased in recent years, but doctors often have no leeway to negotiate with health care providers. Working as a locum gives a doctor the opportunity to increase their earnings.

Some locum doctors choose this type of employment because they can explore different hospital situations and locations to determine where they want to settle.

Newly trained doctors may opt for a locum-based position because it can be a more stable and affordable option than starting their own practice.

Many doctors do this type of work to earn extra income and gain more experience, but there are doctors who want to end their careers or work less in retirement.

Some temporary doctors are willing to take a second or third job to supplement their income and pay off student loans, according to the American College of Physicians.

With locum tenens, doctors can work in any medical function, and there is a wide range of jobs available in different medical specialties.

Many doctors say they can be more present at home because they don’t worry about paperwork, personnel decisions, or departmental meetings.

Hospitals and facilities across the country regularly use locums when full-time staff is on leave or they are waiting to hire a new doctor. So there are ample opportunities locum doctors can choose from.

The Popularity of Locum Work Will Continue

Not long ago, working in locum tenens was seen as a way for older doctors to retire or new doctors to try different jobs before committing permanently. While there are still a small number of doctors in the US with full-time jobs, a growing number of doctors are taking a new view of locum tenens work and defining it as part of their career path.

World

Meet the Team: The Experts Driving Phoenix Capital Group’s Vision

Published

3 weeks ago

September 24, 2024

Rosario Farell

A popular saying in business is that behind every successful company stands a skilled and dedicated team of professionals working every day to achieve more. That’s the case at Phoenix Capital Group Holdings, LLC, where experts drive the company’s vision to new heights.

Thanks to the hard work and dedication of its exceptional team, Phoenix Capital Group consistently strives to deliver value and high-quality returns to individual landowners and investors in the oil and gas industry.

Here are a few of the experts leading the charge at Phoenix Capital Group.

Adam Ferrari, Chief Executive Officer

Adam Ferrari, the son of co-founders Daniel and Charlene Ferrari, serves as the CEO of Phoenix Capital Group. With nearly 20 years of experience in the oil and gas industry, Adam has been instrumental in leading the company and focusing on key initiatives that drive substantial growth.

Raised in a small farm town in Illinois, Adam learned the values of hard work, grit, and determination from an early age. He graduated magna cum laude from the University of Illinois at Urbana-Champaign with a degree in chemical engineering. Starting his career at BP in the Gulf of Mexico, Adam honed his engineering skills before moving through various leadership roles at the company and later transitioning to investment banking at Macquarie Capital.

Adam’s entrepreneurial spirit led him to found multiple oil and gas ventures throughout his career. Phoenix Capital Group is the culmination of his diverse experiences and his most significant project to date.

Adam is married to Brynn Ferrari, the CMO of Phoenix Capital Group. They have a young son and hope to expand their family in the future. Outside of work, Adam enjoys spending time with his family, exploring local cuisine with Brynn, and watching USC Trojans football.

Curtis Allen, Chief Financial Officer and Partner

Curtis Allen brings over 10 years of experience in financial services—with a strong emphasis on investment analysis—to his role as CFO and Partner at Phoenix Capital Group. A CPA, Curtis has a broad range of financial experience, from preparing private taxes to auditing billion-dollar defense contractors. He has managed investments for corporate and personal clients for over seven years and holds Series 7 and 66 licenses. He has also passed the CFA Level 1 exam.

At Phoenix Capital Group, Curtis oversees all finance and accounting functions, as well as various day-to-day operational tasks.

A family man, Curtis is married with two children. Outside of work, he enjoys outdoor activities such as playing beach volleyball with his wife and bicycling with his family.

Lindsey Wilson, Chief Operating Officer and Partner

Lindsey Wilson, COO and Partner, brings extensive practical experience to Phoenix Capital Group. She has led various diverse, multidisciplinary teams within the energy sector, and she prides herself on setting and achieving aggressive business goals while ensuring all employee needs are met.

A founding member of Phoenix Capital Group, Lindsey manages and oversees the company’s daily business operations. She works closely with all supervisors and department heads to support the day-to-day activities of all employees.

Lindsey began her career in the oil and gas industry in 2011 as a leasing agent in Fort Worth, Texas. This foundational experience served as a springboard, allowing her to transition into more advanced roles within the mineral and leasehold acquisition space.

Combining her practical oil and gas experience with skills gained in sales, marketing, and underwriting in the hospitality and banking sectors, Lindsey has successfully led Phoenix Capital Group’s multi-functional organization. She holds a BBA in Marketing from the University of Texas at Arlington.

Lindsey is married with a daughter. She enjoys spending time with her family and training for marathons.

The Entire Team at Phoenix Capital Group Contributes to Its Success

Adam, Curtis, and Lindsey have over 60 years of combined experience in the energy sector. They bring a diverse array of skills in software development, engineering, finance, and more to Phoenix Capital Group.

However, the company’s immense success would not be possible without the dedication, skills, and hard work of the entire team.

The large and diverse team at Phoenix Capital Group focuses on minerals, investments, operations, marketing, land, finance, technology, and more. Through their combined effort, they contribute to the company’s ongoing success and growth.

About Phoenix Capital Group

Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.