Business Ideas For Burnt-Out Healthcare Professionals

If you’re a burnt-out healthcare professional, you’ve probably tinkered and toyed with the idea of setting up your own business. Instead of doing the work yourself, you get other people to do it for you.

But how are you supposed to do this? What businesses should you be getting into?

That’s the topic of this post. We look at some business ideas you can follow.

Corporate Wellness Institute

You could start by setting up a corporate wellness company or agency. These provide programs to big firms and accept referrals.

With these, all you really need is the brand. Then, you can charge to cover things like wages and rental costs.

The nice thing about this business is that it is quite repeatable. Usually, all you need to do is provide health screenings and provide flu shots. If you can do this at scale, you will often make a lot of money.

House Call Practice

Another option if you’re a doctor is to set up a house call practice. With these, you offer mobile medical services instead of insisting patients come to the clinic.

When you first start, you might want to provide services directly yourself. However, once you get more than about five clients requiring daily attention, you can switch to hiring other people and managing everything from a backroom location.

Care Agency

You might also want to learn how to start a care agency. Again, once you’ve set up this type of business, it can almost run itself. Yes, you’ll need to hire a manager, but as the owner, the only thing you really need to do is ensure everyone involved behaves compliantly.

Care agencies don’t require a physical office: you can do all the administration online. And you can hire contractors in most areas, so you don’t need to supply any expensive pensions.

Expert Witness Work

If you want to do something more hands-on, then expert witness work can be a good option. These gigs pay a lot per hour and require sometimes going to court to testify. The role of an expert witness is to discuss what’s medically feasible.

Healthcare Consulting

If you know about organizational or operational factors in large hospitals, then healthcare consulting could be a good option for you. This type of consulting usually pays up to $400 per hour and you’ll help with things like billing or medical malpractice cases. It’s your job to provide hospitals and clinics with the best possible advice, based on the evidence they provide.

Digital Health Product

If you have some digital or coding skills, you might look at setting up a digital health product. These take a bit of time to create, but once you’ve set them up, they just keep making money for you.

Sell Your Notes

Finally, you could look at selling your notes or study guides. These are handy for students who want to get ahead of the competition. All that’s usually required is to turn them into a digestible digital format that offers specific value for a particular pain point.