Locum Story: Long-Term Strategic Partners in Healthcare

Long-Term Strategic Partners in Healthcare

This job of Locum Tenens was initiated as a makeshift policy to meet temporary doctor and staffing shortages.

Slowly, career opportunities emerged as one of the medical professional’s top career choices. In this article, we bring into the discussion table the demand for locums and the expectations of new job seekers in the next few years.

Locum Tenens: How Common Is It?

Locum tenens is, without doubt, a fast-growing segment in the healthcare industry. However, many of the largest facilities and practices in the USA have leveraged the efficacy of locum job placement. They incorporate these positions into their staffing models.

Although the concept of the modern locum tenens dates back to the early 1970s, since there is no turning back, the sector is managing a dream run of growth.

About 7% of physicians in the US have associated themselves with the locum tenens position within the last year.

Moreover, almost 85% of facilities are integrating temporary service providers. In the last decade, the number of locum tenens doctors has sharply increased. The rate of increase is massive( 90%). Hence, you can understand how common it is the concept of employment in the US medical sector.

The Future of Locum Tenens

Since the COVID-19 pandemic, the move towards gig work and contracting has grossly affected the entire healthcare industry. Moreover, spending on locum tenens increased drastically by 28% in the year 2021.

Almost 60% of healthcare funds go towards inducting self-employed practitioners. The Association of American Medical Colleges conjectures that the shortfall of healthcare professionals will approach 140,000 by 2033. 

The situation brings with it waves of concerns for the vulnerable aging population and also the medical workforce. The locum tenens positions address the shortfall, as well as providing patients with healthcare requirements.

Why Are Locum Tenens Jobs in Demand?

Recent data exposes some of the most concerning and surprising trends among physicians. They include those who are looking for contract-based positions. 

Furthermore, the reports also bring to the forefront the reasons behind healthcare professionals’ preference towards short-term placements.

According to a survey,  60% of the respondents opine that they are looking for new positions. Moreover, nearly 25% of physicians under the age group of 40 opine that they are avoiding long-term or permanent positions due to burnout

Moreover, after the pandemic, the healthcare sector faced an enduring staffing shortage. Consequently, stakeholders feel pressure from within. 

Under such serious circumstances, the locum tenens has emerged as a viable alternative for physicians and other healthcare professionals who want to be engaged in the workforce but on their terms.

Work-life balance

Locum tenens offers a degree of flexibility not found in full-time healthcare positions. Temporary placements allow physicians to experience a range of environments and demographics while setting schedules that work for them.

Everyone knows that the present world of professionalism is grappling with issues like work-life balance and increasing stress. Organizational management, especially in the medical field, is looking to work on coping with immense pressure. Locus tenens provides an advantage. Professionals who aim to attain work-life balance are looking for locums job placement.

Better pay

Competitive pay is another driver of locum tenens growth. Moreover, the temporary healthcare positions may culminate in the form of 50% more payment compared to the comparable full-time placements.

As a result, it allows the healthcare profession to earn more money while working with flexibility. Temporary employees are responsible for health insurance and retirement planning, which can erode some of those profits.

These are a few reasons attributed to the increasing popularity of locum tenens positions in the healthcare industry. With a more equitable work-life balance, better pay, and, most importantly, less stress, it brings multiple benefits. Hence, it becomes easy to say why so many doctors are entering the locum tenens position.

A Hassle-Free Career 

One key benefit of the locum tenens job is a hassle-free career. When professionals have this job, there are zero teaching and administrative responsibilities. Furthermore, there are zero coding and billing hassles or, say, staff management issues. 

Experts say that the care providers who embrace this approach reap the benefits. Here, the professionals get much better flexibility from the hospitals. As a result, the job becomes much more stressful and hassle-free. 

Freedom To Travel 

The locum tenens are best known for their freedom of travel. This recruitment approach allows doctors to engage in multiple healthcare bodies, and that too in different places. 

If you can visit multiple places and seek new career opportunities, you have flexibility and freedom. This is, without question, one of the prime benefits that healthcare professionals get. 

Pre Retirement planning 

One of the benefits linked to locum tenens is pre-retirement planning. Some doctors have retired from their full-time jobs but still want to engage in practice. 

This approach to service best suits these professionals. These professionals are looking to finish their medical careers with locum work.

Many seasoned medical professionals have retired from full-time engagements. They suggest that they have made the right decision by engaging in part-time jobs at different care units. They say that the flexibility of the work structure provides them with the edge.

Read More: Healthcare Jobs That Will Be Most in Demand 2020–2025

Managing the Debts 

Another core benefit of locum tenens is working with new doctors. The respectable earnings from the job help one manage debt while studying in medical school. 

Even the National Association of Tenens Organization(NALTO) says that an individual can get two ways to manage their student loans

They think that the students are using different ways to pay back their along with the flexibility that they are getting from the hospitals. Working in the locum tenens allows them to provide coverage for weekends or months. The opportunities are quite enticing.

Change Will Keep Coming—Are You Ready For It?

Locum Tenens has grown into a nationwide, multibillion-dollar industry used by nearly 90% of America’s healthcare facilities. In every state, thousands of providers accept temporary placements every year, ensuring that people in underserved communities get the medical care they need.

Though locum tenens has a short history compared to that of other industries, it offers a reliable, sustainable staffing solution in areas lacking access to healthcare.

 With locum tenens, we can build a healthier, safer society. If you’re considering a career change, accepting a temporary position may be just the push you need.

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Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

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HR Department

Sneak Peek Into The Working Of HR Department

Human Resources or HR is responsible for all things employee-related in a firm. This includes recruitment, promotions, payroll, health and safety, well-being, etc., to maintain a smoothly functioning workplace. How do they go through with all this exactly? Let’s see a few things HR does to efficiently manage a workplace. Recruiting Candidates The department is entirely responsible for determining the number of positions and hiring suitable candidates for the job, starting from finding an appropriate talent pool. Finding appropriate candidates is a particularly strenuous process, considering the increased number of applications submitted for each job opening. Thankfully, there are now well-recognized sites like Talenteria that provide software assistance for candidate sourcing, providing a curated list of potential employees. This saves a huge amount of time spent by the HR team on screening the applicants for potential hires. Training Employees After hiring the employees, the team takes it upon themselves to train the new recruits to efficiently carry out all tasks. HR also educates them on the functioning of the workplace, rules, regulations, and conduct to be kept in mind. This is very important as it is necessary for the new hires to get accustomed to the work environment in order to perform efficiently. Apart from this, HR also organizes appropriate training programs and skill sessions for the employees. This has appeared to be highly beneficial as these programs enable workers to gain new skills, which have a positive impact on the quality of work put out as an end result. Employee Benefits The HR team also formulates the suitable paycheck and benefits to be provided to the employees. This is not an easy job to do as there are several factors that have to be analyzed. This includes monetary factors like the annual budget and personal factors like the efficiency and productivity of the worker. Apart from payroll and bonuses, HR also supports the employees in achieving their personal goals career and profession-wise. It guides competent individuals towards suitable checkpoints, helping the workers improve themselves while benefiting the firm along the way. It also helps with their social, mental, and physical well-being. Evaluation and Monitoring The HR team constantly checks on the productivity, competency, and quality of work pertaining to every individual in the firm. It also keeps a meticulous record of work-related as well as personal details, including health, safety, insurance, etc., HR holds the power to take suitable action upon employees that they find to be incompetent with their work. They can also call out employees showing misconduct and inappropriate behavior. Policies and Surveys HR organizes frequent surveys and interviews with the employees to gain feedback and complaints upon anything related to the firm. The information thus received is then processed by the HR team, and appropriate proposals are made to the management. HR also suggests appropriate changes in the policies of the company based on the surveys as well as the previously observed data and situations. The HR team is also responsible for making sure that the employees are aware of the policies of the firm along with the changes that are being made to it along the way. Conclusion The workload on HR has significantly increased in the past few years, which has paved the way for sites like Talenteria to be of great help. It helps HR professionals by making processes like screening and talent pool management easier. Society and workplaces are constantly evolving, and their dependence on HR is constantly increasing, making the HR team indispensable. An efficient HR is directly reflected upon in the outcome of the firm, as it maintains the brand image of a firm. Read Also: A Guide to Hiring a Recruiter in the Food and Beverage Industry Supervisor Vs Manager: Similarities & Differences Between Them – 2021 Updated

How Many Jobs Are Available In Real Estate Investment Trusts

How Many Jobs Are Available In Real Estate Investment Trusts?

How many jobs are available in real estate investment trusts? What are the best paying jobs in real estate investment trusts? Is real estate investment trusts a good career path? If you are searching for these queries, then you are at the right place! Real estate investment trusts are firms that hold finance producing real estate across many areas. This company is situated in almost every state of the United States. However, there are various conditions or requirements for a company to fulfill the basic terms and conditions of Real Estate Investment Trusts (REITs). Keep reading this article till the end to learn more about the same... Keep reading this article till the end to learn more about the same... How Many Jobs Are Available In Real Estate Investment Trusts? According to Indeed and LinkedIn, there are more than two thousand jobs available in real estate investment trusts. However, this number can increase or decrease as per the vacancy available in various sectors. REITs are a rapidly growing industry where many investors are willing to invest more and more due to their investing benefits. On the other hand, ranging from the back office to customer support, there are many jobs available in real estate investment trusts (REITs) but the United States is not hiring all individuals.  You can apply for the post of real estate investment trusts (REITs jobs). The latest update shows that the total number of jobs in real estate investment trusts is as follows: New York - 130 Jobs Ashburn - 14 Jobs Scottsdale - 12 Jobs Milwaukee - 12 Jobs Virginia Beach - 12 Jobs Tampa - 13 Jobs Philadelphia - 16 Jobs Toledo - 17 Jobs San Diego - 18 Jobs Glendale - 13 Jobs Jersey - 20 Jobs Newark - 26 Jobs Austin - 26 Jobs San Francisco - 27 Jobs Washington - 28 Jobs Denver - 32 Jobs Atlanta - 42 Jobs Houston - 50 Jobs Los Angeles - 50 Jobs Dallas - 72 Jobs Chicago - 74 Jobs Is Real Estate Investment Trusts A Good Career Path? There are many queries regarding the opportunities of real estate investment trusts that it offers to its investors. REITs are a good career path but qualifying all the requirements of REITs may not be possible for every firm or individual. Real estate investment trusts are a good career path, and one of the main reasons is a high return on investment. On the other hand, there are some basic factors that you need to consider before choosing REITs as your career path.  According to sources, in recent years, there has been a relatively steady increase in the number of real estate investment trusts (REITs) in the United States. There were 206 REITs in 2022, down from 217 the year before. The market cap increased significantly despite the decrease in the number of REITs. What Are The Best Paying Jobs in Real Estate Investment Trusts? To know how many jobs are available in real estate investment trusts, first, you need to know what are the best paying jobs in REITs. According to our research, the best paying jobs in real estate investment trusts (REITs) are salespeople, leasing agents, broker jobs, fund managers, and much more. The descriptions of all jobs differ and you need to understand the basics of each and then you can proceed to know the best ones for yourself.  The benefits will increase more when you own your own real estate investments. Now, let’s discuss the top departments that get the highest salary in the real estate investment trusts. 1. Asset Manager Within REITs, the Asset Management function is responsible for the financial and operational performance of the portfolio. They manage client assets according to investment goals and preferences. Moreover, these managers develop, organize and maintain client portfolios. It is one of the highest-paying jobs, with salaries ranging from $70,000 to $1,000,000. They must monitor the financial and operational success of the business. In addition, they are in charge of marketing, locating investors, and verifying returns. Asset management can be a good career, especially for investment banking, finance students, and high-performing economics. At the end of 2019, BlackRock was the largest asset management firm all over the world, with managed assets of around 7043 trillion US dollars. Thus, this is really a huge amount! 2. Property Manager It will surprise you to learn that approximately 15,000 property managers are employed in the United States at the moment, and this number is growing. Engaging with clients and selling or renting property at the best prices are the responsibilities of a property manager. From leasing to collections and property upkeep, they take care of everything. The best part is that no minimum qualifications are required to apply for this position. The compensation for this occupation goes from $55,000 to $65,000 every year, and the featuring part is that the vocation development is very great. 3. Acquisitions Working for this job profile necessitates a significant amount of analysis because they must identify and evaluate potential acquisition targets. This industry offers a lot of job opportunities, and the good news is that it pays well—about $80,000 per year. They must be able to solve problems well and be aware of new investment opportunities to increase revenue. One of the best jobs in the real estate investment trust industry is this one. Acquisition departments provide paying jobs in real estate investment trusts. However, this is a pretty finance-heavy role within the real estate industry. 4. Investor Relations This department of real estate investment management manages all outward-facing communication with REIT shareholders. An average management investor earns up to $150,000. This is truly huge, and this is regarded as the best paying job role in REITs. If you're looking for a position in the finance and accounts department, this is it. The best part is that it pays very well and has good growth potential. The job of investor relations also includes organizing and preparing for the annual meeting, which includes writing a proxy statement and an annual report for the company. Now, to get this job role, you need an undergraduate degree with a background in finance or accounting. 5. Real Estate Investor This is one of the best jobs in the real estate investment trust industry because, in addition to the high salary, there are good chances of advancement in this industry. Their primary function is to assist individuals in achieving financial independence through real estate investments. This job requires extensive market research before investing and trading, which takes time. You will be required to perform a variety of tasks, including checking, maintaining, flipping, purchasing, and rehabilitating the properties, making it not only mentally but also physically demanding. All of this helps them increase the value of their investments. You need a degree in accounting, finance, or business to become a real investor because you need to come up with ways to make better investments for yourself and your clients. A real estate investor earns anywhere from $15,000 to $15,000 per year. How Many Jobs Are Available In Real Estate Investment Trusts? According to Indeed, there are more than two thousand jobs available in real estate investment trusts. However, this number can increase or decrease as per the vacancies available in various sectors. REITs are a rapidly growing industry where many investors are willing to invest more and more due to their investing benefits. On the other hand, ranging from the back office to customer support, there are many jobs available in real estate investment trusts (REITs).  According to sources, in recent years, there has been a relatively steady increase in the number of real estate investment trusts (REITs) in the United States. There were 206 REITs in 2022, down from 217 the year before. The market cap increased significantly despite the decrease in the number of REITs Wrapping It Up! The above discussed are the best paying jobs in real estate investment trusts that you must know before investing in this asset. Besides, I have tried my best to provide you the detailed information about how many jobs are available in real estate investment trusts. Still, if you have any doubts, you can mention them in the comment section below.  Read Also About: Is Energy A Good Career Path Is Business Services A Good Career Path Is Other Consumer Services A Good Career Path

best paying jobs in property-casualty insurers

Best Paying Jobs In Property – Casualty Insurers

Considering the fact that millions across the world lost their jobs that paid them a hefty amount, people have been seeking jobs that would help them sustain themselves. And this is true across all fields of work. People have also searched for the best paying jobs in property-casualty insurers or similar fields. If you are someone who is looking for the answer to that topic, then you have come to the destination. So keep on reading this article till the end to learn more… What Are The Best Paying Jobs In Property - Casualty Insurers? In case you were searching for the best paying jobs in the line of property-casualty insurers, you have reached the right place. Well, you see, property-casualty insurers are responsible for protecting their clients or customers from incurring losses. That is the reason why many jobs are available in this field of line. And most of them pay a lot of money as a salary. Here are the top jobs with the best payments that you can get in this line of work: 1. Insurance Entrepreneur Estimated Salary: $95,000 – $105,000 If you are someone who wants to help people who are starting their own small ventures, then you can think about becoming an insurance entrepreneur. An insurance entrepreneur is someone who is associated with lather companies, and they help them create links and partnerships with smaller local companies. 2. Claim Examiners Estimated Salary: $60,000 – $75,000 The task of a claim examiner is to ensure that they review the claims that are made against any insurance policy. In that way, they are responsible for denying or approving claims. So, to pity it simply, claim examiners are responsible for examining claims and their validity. 3. Landlord Insurance Agent Estimated Salary: $80,000 – $95,000 Want to work with landlords and help them rent out their spaces? Then it might be a great idea for you to become a Landlord Insurance Agent. The task of these agents is to ensure that the interests of the landlords are protected at all costs. And thereby, they help the renters to minimize their losses. 4. Life Insurance Agent Estimated Salary: $75,000 – $95,000 This is one of the best paying jobs in the property-casualty insurers line. The task of the life insurance agent is not unknown. They are professionals who are responsible for selling policies that would insure their life. They can either work for an insurance company or be independent. 5. Property Casualty Agent Estimated Salary: $90,000 – $105,000 While the task of the life insurance agent is to insure the life of an individual, the task of the property Casualty Agent is to insure properties. The property can be of any type, from cars to homes and other personal property. 6. Claim Adjuster Estimated Salary: $100,000 – $120,000 The job of the claim adjuster is to assess the value that is associated with the claims. It is one of the most important as well as one of the highest paid jobs in the line of property-casualty insurers. They assess the amount and determine the exact compensation that has to be paid to the customer. 7. Insurance Broker Estimated Salary: $65,000 – $80,000 The job of the insurance broker is to help the clients to meet the right policy according to their needs. These brokers work with a number of clients, which can be individuals or businesses. And there is no doubt that it is one of the best paying jobs in property-casualty insurers. 8. Condo Insurance Agent Estimated Salary: $80,000 – $95,000 If there is something that many people do not know, then it is about the existence of the job of a condo insurance agent. The task of these insurers is simple and similar to that of other insurance agents. Their job is to sell the insurance policies to the customers who are willing to or are looking to insure their condos. 9. Financial Analyst Estimated Salary: $75,000 – $95,000 Several companies need Financial Analysts to help them make their business decisions rational and profitable. In addition, they analyze and advise the companies about what their next move should be. A financial analyst, in simple words, has the task of helping companies or businesses make money that will increase their profit.  10. Underwriter Estimated Salary: $80,000 – $100,000 The underwriter, also known as the insurance underwriter, is someone who evaluates the risks of investing. The main task of the underwriter is to fix the price of the investment that is going to be safe. And will also be able to minimize the loss. How Many Jobs Are There Due to the fact that they provide both individuals and businesses with a wide range of services, property-casualty insurers are crucial to the economy. They guard against mishaps and other losses for both people and property.  Property and liability insurers employ a wide range of workers, from underwriters to claims adjusters. There are also a few positions in accounting and actuarial work. If your goal is to work in the insurance business, property and casualty insurers are an excellent place to start. Marketing Jobs for Property-Casualty Insurance Companies that provide property and liability insurance provide a variety of fascinating and demanding marketing roles. Companies that sell insurance to shield individuals and companies against monetary losses brought on by events like fires, theft, and auto accidents are known as property and casualty insurers. These insurance companies need to identify their target markets and develop messaging that resonate with them in order to effectively market their products. They also need to create effective plans for pricing and distribution. They must also monitor the actions of their rivals in order to stay ahead of the game. Executive Management Jobs Executive management positions in the property and casualty insurance sector supervise the various departments within the organization to assist it in achieving its objectives. This entails creating and carrying out plans, managing staff, and maintaining steady finances. The executive management team is typically composed of the CEO, COO, and CFO. They collaborate to ensure that the business is operating profitably and efficiently. It is the responsibility of the executive management to make difficult choices that could impact the company's future during times of crisis. Frequently Asked Questions (FAQs): Now that you have almost reached the end of the article, I would advise you to go through some of these questions that users frequently ask about best paying jobs in property-casualty insurers. You might want to go through these for better clarity. 1. How Are Property Casualty Insurers Different From Life Insurers? While life insurers aim to insure the life of an individual, the task of the property casualty insurer is to insure the properties. 2. How Do Insurance Companies Make A Profit? The only way in which insurance companies can make a profit is to ensure that they are able to market their policies in a much better way. These companies make a profit by investing in insurance premiums. 3. What Are The Risks That Cannot Be Insured? While most things in the world can be insured, there are many risks that cannot be insured. Some of them are:1. Natural disasters2. Pandemic3. Political risks4. Reputational issues Wrapping It Up! The task of property-casualty insurers is widely popular and very much in demand in this world. One of the main reasons for that to happen is because there is absolutely no one who would not want to protect their properties in case there is an accident. But what is not to most people is the fact that there are a lot of different types of jobs and roles in this field. In case you were searching for the answers to best paying jobs in property-casualty insurers, I hope that you found this article to be of help. In addition, if there are any other queries related to the same, feel free to write them down in the comment section below. Read Also: Is Precious Metals A Good Career Path? Is Capital Goods A Good Career Path? How Many Jobs Are Available In Real Estate Investment Trusts?