If you are an RN, CNA, Medical Assistant, Radiology or Surgical Tech, you need to get a backup job. As a nurse entrepreneur, I can tell you that having one job and a single stream of income is the riskiest investment you will ever make in your life. As of today, I personally have 6 streams of income and it’s no where near a millionaire’s 12-15 income streams. Why should you be thinking about this? Last week I was suddenly laid off at one of my per diem positions due to budget cuts. Imagine if it someone counting on that job as their only source of income, they would be screwed. But if they had other income streams or the minimum of a backup job, that kind of bad news isn’t that big a deal. With all this uncertainty with the economy, jobs, inflation, it’s definitely a scary time for people and this is a good time to think about your family and lifestyle. Can you survive 6 months with no job? Don’t worry, I did the thinking for you and this information is free. A lot of people don’t know this but you can actually have a second job where you don’t need to work if you don’t want to. If you do want to work, you can choose when and where you work and get paid within a few days of your shift. You don’t have to commit to any contracts and the key here is that you have a choice. You can even decide the minimum you want to be paid by ignoring offers that are too low. The pay is actually pretty generous depending on the demand for your speciality and location. Either way, it will most likely be more than the overtime pay at your current job. This makes at least considering this lucrative opportunity a very smart way to make some extra cash and start a new side hustle. You’re probably thinking there’s no way all of this is possible and if I were in your shoes, I would be skeptical too. But I can promise you that I have personally done it and this unicorn is real. Let me show you one of my paystubs from last year
Let’s do the math for full effect: $1,637.52 divided by 12 hours = $136.46/hr. That’s the equivalent of earning $283,836.80 a year! What can you do with an extra $4,500 a month? You can plan that vacation, buy that engagement ring, pay off those debts! What makes this an incredibly powerful tool is that it’s all done from a simple app on your phone. If you’re interested in downloading the app and applying now, please use this link and all proceeds will be used to help promote this blog:
I told you that you can learn how to earn more than a doctor and here is one way. If you’re still skeptical let’s go into more detail about CareRev and their brilliant business model.
Having worked with various registry agencies in the past, I came to discover how poorly organized the entire operation was. It gave me a level of uncertainty that I was not comfortable with. I wasn’t sure if a hospital would have shifts that week and wondered why their selection of locations were so limited. Often, I would be at the mercy of a single agency staff letting me know if I was going to go to work that day or not. The inefficiencies would lead to a breakdown in communication and I would miss shifts where the facility was expecting me. I would have to apply at several agencies just to expand my chances of getting shifts.. CareRev was attempting to solve this problem. Having done the full monty with registry, I opted to get back my stable day job and searched for other solutions to make some extra money on the side.
When I first discovered CareRev, they were a new technology company that only had contracts with 2 or 3 locations in California. At first, I enjoyed the idea of not having to jump through calls, texts, emails to get a shift. The initial impression I got with the app, ironically was that the experience felt very impersonal. With the exception of the phone interview consisting of case study questions to assess your knowledge, it felt odd not having some recruiter bugging you or asking you to turn in something. All paperwork can be entered through the app via photo for review. Some institutions require some standard drug screenings which you request and they schedule for you to show up. I wasn’t too impressed with the shift availability at the time so I kept the app in the back burner for a few years. When I decided to give them another try, boy was I surprised.
They have since exploded into multiple states such as: Arizona, California, Florida, Illinois, Missouri, Oklahoma, Oregon, Texas, Washington and Wisconsin. They had thousands of shifts in each state and the number of institutions they contracted with grew as quickly as their business. In LA County, these included some major medical centers and even Kaiser Permanente. There are shifts available almost every week and the pay rates surge as the demand for staffing increases. The example above is an E.R. that was suffering from staffing shortages during covid isolation mandates. Premiums occur on holidays, school breaks, and super bowls where I’ve seen some ICU nurses offered $150+/hr. We all know how most staffing agencies make their money and that’s by taking a cut of what you make. CareRev just happens to take a smaller cut.
CareRev took a gamble with their app and have since made improvements to the system itself that integrate seamlessly with their contracted institutions. Institutions themselves can now enter shifts directly into their app and any CareRev staff would be able to pick them up so long as they completed that facility’s shift claiming requirements. They basically created the “Uber” of staffing agencies and effectively removed the human element of a middleman which improves communication. Claiming shifts are first-come first-served so you need be quick when receiving a notification and make sure to have your records up-to-date including immunizations, certifications, and drug screenings. Some facilities require training or orientation days and you can reach simply out to CareRev to schedule it for you right in the app’s messaging feature. This area gets pretty competitive so make sure you’re eager and willing to try because they want go-getters and this is a screening process. So how can they offer more money than other agencies?
By positioning their business system to revolve around an app, they were able to employ a fully remote workforce. What this does is decrease administrative overhead, increase staff satisfaction, implement metric tools within the software to measure performance, and greatly reduce the cost of running a traditional brick-and-mortar agency. They can then pass on their savings to the staff that work for them and have an expanded budget for marketing, gathering talent, and developing an impressive referral program. By offering working professionals convenience, more money, and optionality, they are expertly positioned to disrupt this antiquated market. The app is becoming increasingly popular among younger nurses for its ease of use and intuitive user interface. The rest of the legacy agencies will be struggling to keep up with the changing times. This isn’t to say there are not any downsides because there are always downsides to every innovation.
There is a strange phenomenon occurring as I’m writing this post where nurses are quitting their jobs and pursuing travel and registry because the difference in pay is so significant. The problem with this migration is that hospitals do not have enough staff and are being forced to spend more money to higher outside help. Conversely, these nomad nurses are developing a new culture of staff mercenaries contracting themselves out to the highest bidder. In exchange for the stability, benefits, and influence within a department or organization, they gain a renewed sense of freedom and possibility. Why? Because now they can work one day a week and make the same money they made working 3-5 days a week. Who wouldn’t like that? That being said, I do not recommend anyone to quit their full-time job in pursuit of this life. If you have family and other obligations, having this second job as an option will give you leverage to negotiate at your workplace. This is a quiet but powerful movement that has the potential to completely change the healthcare system as we know. It is a grass-roots level inkling of an impending national-level strike and forcing higher wages via existing business models.
Institutions cannot ignore this for long. Especially when human lives hang in the balance, the fault will fall on the administration alone for failing to create a workplace environment conducive for retention and promotion. This doesn’t excuse the litigation happy and privileged public from attempting to take their fair share of the pie as well. The magnifying glass will be placed over the administration under great scrutiny to see where unnecessary positions were created, where money is being spent, and why the staff cannot be paid more. An overhaul of the administrative cartels that control various aspects of an organization like hiring, ordering, and payroll will also be examined closely. A technological fire sail will burn the dead and rotting positions to clear the path for the young, creative and passionate. This will inject new ideas and implement modern solutions to industrial age problems. By understanding the bigger picture elements of this dynamic, we can take advantage of opportunities like this. While they are figuring it all out, you can come in and make your sweet sweet cheddar and leave with no strings attached. When you’re done, you’re done and that’s an under appreciated quality in a job.
Out of the many ways to earn more than a doctor, this is by far the hardest way. The reasons are that you have to be physically present and the specialties that pay the highest are generally difficult to perform as well as mentally and physically taxing. There’s a reason why people don’t want to do it regardless of how much they pay. You have to decide what’s important for you. This is still considered a per hour model of income which is not the type of income entrepreneurs strive for. I kept this stream of income in my back pocket for emergencies that come up where I need extra capital or if bitcoin’s price is dipping and I’m looking to buy more. The other problem with this option is that it is not consistent when it comes to shifts and days you’re available to work. The pay may be decreased without notice and the opportunities are not as plentiful during warmer months. The need for staffing generally coincides when there are surges occurring, people are really sick, or if there’s an impending strike. There’s also the possibility a facility may DNS you. This means “Do Not Send” which is a blacklist for CareRev nurses and you are no longer permitted to go to that facility. It doesn’t take much for them to DNS you so that’s always a risk. The last two issues I want to discuss is being able to learn new programs quickly and being comfortable with social isolation. Every facility has a different charting system and once you’ve seen enough, you really just need to figure out what you need to do your job and your experience should carry you the rest of the way. Finding equipment and getting access are all parts of the jobs. Bear in mind, the people at these places know how much you’re getting paid and they don’t like it. Since people come and go whenever they want, they have no incentive to give you any of their attention or time. Who wants to invest that kind of energy in someone they don’t know will ever come back? So don’t take anything personally, become an expert at remembering names, and help other people whenever you’re caught up and you’ll be well on your way to earning more than a doctor.