ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 52: Solving For Your True Hourly Rate

ER Docs tend to think of their hourly rate in a very matter-of-fact way. Oh, it says “$225/hr in my contract,” for instance. But this is a very literal sense of “hourly rate” and actually doesn’t account for important variables, both financial and non.

So in this episode, we highlight all the additional factors that we think go into determining a true hourly rate for ER Docs and why it’s important to know your score. You may be making more (or less) than you thought you were.

Topics Discussed:     
  • The average hourly rate for ER Docs.
  • How to calculate your true hourly rate.
  • The importance of understanding your benefits.
  • Why it is crucial to know where you are spending your money.
  • Whether you can measure burnout.
  • Why you should be reevaluating your finances often.
Resources Mentioned:

ERdocadvisor.com  

Tags

planning, financial planning, ER doctor, doctors, Crypto, hourly rate, wages, contracts, finances, financial help

by 
Scott Wisniewski, EA