Would you work for a hospital as an Independent Contractor? - page 2

If you were able to work for a hospital as an independent contractor and made more money, do you think it would be worth paying your own malpractice insurance, health insurance, self employment taxes... Read More

  1. by   kalevra
    The CRNAs at my hospital are all independent contractors. There are 8 that I know of personally. They consider themselves as a small business, something to do with filing paper work that makes an LLC or something. In any case they have to file for taxes quarterly but they all share the same accountant. In any case the CRNAs get to use a lot of those corporate loop holes and end up making more money than if they were a regular employee.

    I asked about how complicated filing for taxes must be, and they all told me the accountant handles all that. All they do is turn in paperwork. I wouldn't mind having that level of autonomy. The idea of being my own boss has always intrigued me.
  2. by   NedRN
    Agencies do exactly the same. They offload accounting, payroll, housing, and even recruiting!
  3. by   kalevra
    Quote from NedRN
    Agencies do exactly the same. They offload accounting, payroll, housing, and even recruiting!
    What does "offload accounting" mean?
  4. by   NedRN
    Hire someone else to do it rather than do it in-house.
  5. by   Hearttek
    Ned, I am in the process of starting my own contracts (after 17 years of traveling). You seem to have a real grasp of the necessary details, so I wanted to ask you where I can find agency/client rates for various states and cities. I am in Southern California, but I also need rates for Florida (the traveler's home away from home, lol). Any advice appreciated, feel free to PM me (I cant PM you yet, Im too "new")....thanks!
    Last edit by Hearttek on Apr 20, '16
  6. by   NedRN
    Rates vary depending on lots of stuff. No lists. But all you have to do is ask. Staffing people are always happy to tell you what they want to pay for a profiled nurse. Depending on stuff, you can accept or use their first number (usually an average of what they are paying other agencies) as a starting point. Hot specialties, need, and the traveler profile may adjust the number.
  7. by   Mohammad39
    Hi Ned,
    so in the US is it possible for someone to set up an agency and to be the nurse of that agency simultaneously?
    Thx
  8. by   NedRN
    Odd question. Why on earth not?
  9. by   Icooka4u
    YES! And everything btoddrn said. I am a Medicaid Independent Contractor-Private Duty Nurse in Home Health Care. One of the most appealing things is that I know I’m not being underpaid, going to work everyday with less qualified people making $5+$10 more than me because of race & gender. I do my own billing. Also, I chose whom I work for, and when.

    I'm not familiar with how to do it with a hospital. What's the process to becoming an Independent Contractor with a hospital?
  10. by   TheTravelerRN
    Hello NedRN

    I'm starting in this business and I would like to ask you just specific and easy questions. Could you please email me or send me a PM to see if you can help me please. Thank you!!
  11. by   NedRN
    Post questions here!
  12. by   TheTravelerRN
    NedRN

    Thank you for your reply. I have several questions, but I will start with the most importanat one. How do I get access to the VMS (vendor Management System)?, how do I can get a new contract with a hospital? Calling them? Visit them? Paying to somebody? I'm a cath lab nurse I a have another 5 more nurses ready to work with me. We all are cath lab nurses. I will appreciate this information please.

    TheTravelRN
  13. by   NedRN
    If you Google my screen name, IC, and FAQ, you will find a detailed description of how I started up and how I typically land contracts. Signing up with a vendor manager requires either industry experience (you've already worked with them), or luck (a hospital you are contracted with switches to a VM), or sometimes a request by a hospital for a specific traveler (very similar to how I get direct contracts).

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Would you work for a hospital as an Independent Contractor?