In California, one doctor suddenly exchanged his shingle on a thriving group practice for a nameplate on the door of a corporation. His recollection is that things had become dull. They are tired of simply listening to a list of patient complaints and writing referrals to specialists.` With the ever increasing cost of malpractice insurance, many physicians have given up the traditional aspects of medicine such as obstetrics, surgery and general and family practice. His practice had turned into little more than a stopping point for the patient ultimately destined for a specialist.

Now, that doctor works as the assistant director of medical development for a pharmaceutical maker based in New Jersey. He is among the increasing ranks of doctors who have transitioned into the corporate realm. The corporate world offers medical research, support and development jobs that free the doctor from the complications of insurance and the worries over funding and research grants. A particular municipality, needing to better employee wellness and product safety, is happy to bring them aboard. Doctors maintain a presence in the medical community but expend the majority of their energy in the business sector because of the benefits.

The compensation offered by the municipality can rival that of private practice. When you combine company paid malpractice insurance, travel, paid time off for study and teaching and other perks, as well as a 9 to 5 work day, you have a deal that easily competes with private practice.

The percentage of individuals practicing medicine full time in the United States corporate world is roughly 2 percent of the total population. In addition, thousands more physicians work in occupational medicine, meaning that they provide advice and guidance in the areas of employee wellness, industrial safety and product development. There are more than ten thousand doctors fulfilling like positions on a part time basis. Areas that employ these corporate physicians include insurance companies as medical underwriters, drug manufacturers, insurance claims and product testing specialists.

For those who do work in corporate medicine, the job title many are seeking is that of chief medical director. Once established in private practice, it is not uncommon for doctors to take other positions to bring in more money. One doctor opted for a position working part time for a restaurant chain. The work load sometimes brought up to 60 food handlers and other employees for examination every hour. After that, he was named medical director for a pair of film studios, and grudgingly relinquished his private practice. Due to the fact that the patients didn’t have to pay, he had many more opportunities to actually treat patients and practice preventive medicine.

Corporate physicians in the past were viewed as those who had been unsuccessful in private practice. The perception was that of a physician who handed out pills, wrapped bandages and provided care to those who were not really in need of medical attention. Due to new attitudes, not to mention laws, about occupational and product safety, the corporate doctor now holds an influential and respectable position. The director of medicine at a large New York telecommunications firm states that achieving a new level of respect has been gratifying.

The younger generation of doctors are able to work just as well (or even better) than they would be able to anywhere else. The reason older doctors would take the corporate road is because they had made enough money to take the pay cut. There are certainly those corporate doctors who say that their revenue and quality of life is what gives them the last laugh. In those beginning years, many of my peers who worked in private practice believed that occupational medicine was an incredibly imprudent vocation to get into. It’s the opinion of one doctor that many doctors now look upon these positions with envy.

The potential for bigger salaries and better benefits make these jobs popular. One, 78 year old medical school graduate retired a multimillionaire who never practiced traditional medicine at all during his career. He earned his first million by revamping his father’s pharmaceutical company while he was still in medical school. After he graduated from medical school he bought and set up a surplus army field hospital in the famine stricken Ural Mountain region of the Soviet Union. Once there, he discovered that food was needed more than medicine, and so he imported grain, making trade contracts in the process which became stepping stones to a new career.

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