27 Ways to Make Extra Money as a Pharmacist in 2021

In response to the Bureau of Labor and Statistics (BLS), the common pharmacist wage was $128,000 in 2020. Nonetheless, the pharmacist job outlook hasn’t been promising in recent times. Subsequently, many graduates are searching for methods to make extra cash as a pharmacist.

Pharmacists usually have a hard and fast revenue, main them to search for extra revenue streams to achieve monetary targets.

To higher perceive alternatives that exist for pharmacists, I reached out to Dr. Tony Guerra, pharmacist, entrepreneur, and creator of the audiobook Discovering Your Unicorn Job for Pharmacists. He’s been a pharmacist for 23 years and is at present a professor of pharmacology at Des Moines Space Group Faculty.

Tony is a jack of all trades in relation to facet hustles, particularly after writing the audiobook. He’s produced many invaluable assets for pharmacology college students and was type sufficient to share a number of concepts talked about all through this listing.

In contrast to different guides, these facet hustles are particular to the information and abilities pharmacists have already got. Listed here are industry-specific alternatives and lesser-known methods to make extra cash as a pharmacist.

Methods to make extra cash as a pharmacist: Business-specific alternatives

1. Choose up additional shifts

Notably in hospitals and well being techniques, you might be able to choose up additional shifts throughout shortages. Sadly, this feature will not be out there if you happen to work in a neighborhood pharmacy.

2 Join particular initiatives or assignments

Particular initiatives, akin to educating sufferers on remedy modifications, can result in extra additional time. Nonetheless, most of these alternatives will not be marketed. So, it’s finest to achieve out to your supervisor to allow them to know you’re when these openings come up.

3. Snag a moonlighting place

In case your employer doesn’t provide additional time, look into moonlighting positions at native hospitals or pharmacies. Working as a PRN pharmacist just a few days a month may help cowl grocery payments or make additional funds in your pupil loans.

4. Add to your credentials

You’ll be able to enhance your pay by including {qualifications} and specializations. There are a whole lot of board certifications and particular credentials to discover, together with:

  • Board Licensed Oncology Pharmacist (BCOP)
  • Licensed Diabetes Educator (CDE)
  • Board Licensed Diet Assist Pharmacist (BCNSP)
  • Board Licensed Pediatric Pharmacy Specialist (BCPPS)
  • Licensed Ache Training (CPE)

Your present employer could even comply with foot the invoice. So, be sure you ask about doable monetary assist first.

5. Serve on an advisory board

Pharmaceutical corporations and different healthcare organizations use advisory boards to make educated and knowledgeable choices. As a member of an advisory board, you may present knowledgeable steerage and earn additional money within the course of.

6. Full complete remedy critiques (CMR)

New tech corporations mean you can collect affected person information and drugs critiques from the consolation of your personal dwelling. Aspen RxHealth is an app-based platform that connects sufferers with pharmacists conducting CMR. It gives remedy remedy administration (MTM) immediately via the app.

Aspen RxHealth permits pharmacists to work as a lot as their schedule permits. They are paid as unbiased contractors and are accountable for a $75 background charge. Pharmacists should additionally present their laptop or laptop computer.

7. Look into telepharmacy gigs

Pharmacists can remotely handle prescription orders, assessment dosage info and supply digital affected person companies via telepharmacy companies. Take a look at websites akin to PipelineRx and FlexJobs for out there positions.

Facet hustles to make extra cash as a pharmacist

8. Write an eBook

It’s now simpler than ever to jot down and publish eBooks by self-publishing on Amazon or different marketplaces. You’ll be able to write nonfiction assets for different medical professionals or concentrate on matters that resonate with sufferers.

Bear in mind it takes extra than simply an thought and exhausting work to generate profits from an eBook. You’ll want focused advertising and marketing efforts to see a return. Mix this with different facet hustles (akin to blogs or social media platforms) to assist promote and enhance gross sales.

9. Publish audiobooks

Tony has had nice success in publishing audiobooks. His books assist pharmacology college students and professionals all through their careers. He at present has 23 audiobooks and has given free audiobook codes for Pupil Mortgage Planner® readers.

10. Get into medical writing

Healthcare corporations want content material to coach their purchasers. So, there’s a whole lot of potential revenue to achieve from on-line medical writing. Medical corporations want certified writers to show scientific and scientific information into digestible content material for sufferers.

Be a part of medical writing social media teams to community and discover potential purchasers. Moreover, take into account becoming a member of the American Medical Writers Affiliation for writing assets and job alternatives.

11. Begin a consulting enterprise

In case you’re a seasoned pharmacist, share your information and expertise with others who’re simply beginning or want help. Consulting can simply be executed on the facet, whereas nonetheless sustaining your full-time job.

On-line packages, like Pharmapreneur Academy, are designed to assist pharmacists get their consulting enterprise up and operating. It additionally paradoxically exhibits you the way to flip your consulting enterprise into one other facet hustle — instructing others the way to get into pharmaceutical consulting.

12. Develop into a professor or lecturer

In case you have pharmacy and instructing expertise below your belt, you might be able to rating a instructing place at a neighborhood pharmacy college or on-line program. Nonetheless, you shouldn’t restrict your job pool to solely pharmacy faculties. Different healthcare packages train pharmacy matters. So, be sure you have a look at different skilled alternatives as properly.

However if you happen to don’t have instructing expertise, you may provide free lectures or dialogue classes to achieve instructing abilities.

13. Fill out pharmacy surveys for cash

You may make extra cash as a pharmacist by filling out paid medical surveys. A fast on-line seek for medical surveys exhibits many corporations to select from. MD Analytics’s market analysis panel, for instance, asks pharmacists to take part in on-line surveys, telephone interviews and focus teams.

14. Develop into a public speaker

In case you have a specialization, you may train others and leverage your experience to attain talking gigs. Attain out to your community and medical professionals to see in the event that they’re considering studying about your specialised subject.

You can even look to current distinctive matters associated to the medical world. For instance, Tim Ulbrich, founding father of Your Monetary Pharmacist, speaks to pharmacy faculties and organizations about private finance and his journey to get out of debt.

15. Lead Persevering with Training (CE) displays

Pharmacists and different healthcare professionals usually want CE credit to keep up credentials. Subsequently, there could also be alternatives to instruct programs regionally or in a web-based setting.

Take into account that CE necessities fluctuate by state and occupation. As a place to begin, discover the Accreditation Council for Pharmacy Training’s persevering with pharmacy schooling supplier listing to search out packages which will want extra instructors.

16. Discover enterprise or life teaching

Use your pharmaceutical expertise to grow to be a enterprise or life coach. Teaching gives a one-on-one relationship to encourage others to achieve their targets. In contrast to consulting, teaching encourages and guides purchasers to grow to be extra self-aware.

Take a look at RxAshlee, a training enterprise developed by a third-generation pharmacist, for some inspiration.

17. Begin a podcast

As a pharmacist, you need to use your information to begin a podcast. For instance, podcasts like The Burnout Physician and Rx Radio cater to pharmacists and different healthcare professionals. However podcasts can concentrate on a wide range of topics that mesh private {and professional} experiences.

18. Develop into a grant author

Grant writing could be a profitable facet enterprise because it takes particular writing abilities. Firms can pay educated and skilled healthcare suppliers to help them in grant-seeking efforts.

Make sure to look into grant writing alternatives that showcase your medical information. Because of your coaching, pharmacy proposals, well being insurance policies and medical analysis alternatives could come naturally.

19. Function an knowledgeable witness

Legislation companies use pharmacists as knowledgeable witnesses for prison and civil instances. They supply knowledgeable testimony associated to drugs, toxicology and high quality of care throughout trials.

SEAK is an knowledgeable witness listing firm. They supply coaching and different assets that can enable you get began. Moreover, attain out to your loved ones and associates who follow regulation to begin networking. You can even look into connecting with the American Society for Pharmacy Legislation.

20. Create a useful resource weblog

When you begin a weblog that gives assets for pharmacists or college students, you may monetize it. By utilizing internet affiliate marketing and advertisements, your weblog may help usher in passive revenue.

Subsequently, you may create and promote different merchandise via your weblog. As an example, examine guides, eBooks and programs are simple to promote and stay related to the pharmaceutical content material.

That’s what Brandon Dyson, co-founder of tl;dr pharmacy, did along with his web site that provides blogs and pharmaceutical cheat sheets. Dyson created this useful resource whereas instructing and dealing as an oncology pharmacist.

21. Present check prep assets and companies

Creating check prep assets or providing one-on-one companies for healthcare college students may help generate additional revenue. Eric Chistianson, founding father of the weblog Med Ed 101, did this by creating quite a few check prep assets. His prep supplies can be utilized for pharmacist board certifications, the North American Pharmacist Licensure Examination (NAPLEX) and lots of others.

22. Develop into a digital assistant for a medical workplace or healthcare firm

You’ll be able to work for on-line purchasers by turning into a digital assistant. Digital assistants have a wide range of roles, akin to serving to with social media administration, scheduling, billing, course improvement and extra.

It additionally doesn’t take a lot to get began. Start by networking on-line and utilizing LinkedIn or social media teams to begin discovering purchasers.

23. Create a help group

Social media and different on-line platforms can be utilized to create help teams for demographics within the pharmacy world. When you’ve gained a strong following, you may monetize the group by promoting tailor-made services and products. You can even cost membership charges.

For instance, Dr. Suzanne Soliman created the Pharmacist Mothers Group to advocate for girls in pharmacy. Since then, the group has grown to over 35,000 members and presents a wide range of companies and assets.

24. Look into proofreading alternatives

Proofreading might be executed anytime or anyplace. Contemplating you’ve written loads of educational papers, you’d be an awesome candidate to assessment educational assignments and analysis proposals. Relying on specializations and expertise, it’s also possible to earn increased charges.

25. Tutor pharmacy college students

I’m positive the challenges of pharmacy college are nonetheless contemporary in your thoughts. Subsequently, you may grow to be a tutor for pharmacy college students in your space or use video conferencing to entry a wider vary of scholars.

For instance, corporations like BrainMass present on-line platforms for tutors and provide a variety of different instructing alternatives.

26. Develop into a medical transcriptionist

Medical transcription gigs are fairly simple since all you want is a laptop computer and the power to jot down rapidly. Although the pay isn’t nice — PayScale states the common pay is about $15 per hour — it may be a simple job when you get the hold of it.

27. Contemplate actual property investing

Actual property might be an effective way to develop wealth over time. However it requires time and extra monetary funding.

For instance, founding father of Actual Property RPH, Nate Hedrick, has carved a path for himself as a full-time pharmacist inside the true property {industry}. He additionally helps different pharmacists obtain their actual property targets, and focuses on matters akin to “house-hacking your manner via residency” and first-time dwelling shopping for.

Begin making extra money as a pharmacist

These are just a few examples of the way to make extra cash as a pharmacist. Particularly with immediately’s gig financial system, there are countless methods to spice up your funds as a pharmacist in your spare time.

Whether or not you need to pay down your pharmacy pupil loans or begin saving for retirement, a facet hustle may help you earn more money, discover new pursuits and acquire helpful abilities.

Are you a pharmacist that earns additional revenue on the facet? Tell us the way you’re making extra cash, so different pharmacists can profit out of your expertise.

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2 Disclosures
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3 Disclosures
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4 Disclosures
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5 Disclosures
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6 Disclosures
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7 Disclosures
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