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  • #1

    $TDOC

    I recently signed up for teladoc (the telemedicine app) as a side hustle. Figured it would be a pretty decent way to make some extra $$$, and I can do most of the work while I'm at my moonlighting gigs which tend to be pretty quite. Its 1099 income and they pay 23 for a phone consult, and 28 for a video consult, which they claim last 8-10 minutes. Looking at their stock the company seems to have done well over the past year and is experiencing. Credentialing takes about 8-12 weeks, after which I'll update everyone on my experience.
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  • #2
    Looking forward to your update.
    Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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    • #3
      Looking forward to your perspective.  I have enjoyed working with Teladoc since January of this year.  Consider setting up a solo 401K.  Start learning about business deductions.  I expensed all my CME and licensure this year against my 1099 income.  I called all of it from 2016 my start-up expenses and expensed it also.  I can use the home office deduction.  I am also using the Section 179 deduction to reimburse all my home office set up expenses.  Best wishes!

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      • #4
        Also interested to hear about your experiences...
        An alt-brown look at medicine, money, faith, & family
        www.RogueDadMD.com

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        • #5
          I looked into this as well and did not follow through.  Looking forward to hear your experience.  There are other telemedicine companies so I wanted to do research first.

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          • #6
            I'd be very interested to hear anyone's opinions and experiences with Teledoc and any other telemedicine services. Dr. Mom, how much did you typically make per hour? Was there much waiting for patients/down time, or were they always available? Was credentialing pretty simple and straight forward?

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            • #7

              Dr. Mom wrote:



              I expensed all my CME and licensure this year against my 1099 income.
              Click to expand...


              I am not a CPA. However, unless the CME and licenses were solely required to enable the 1099 income, it would not seem proper to apportion the expenses exclusively to this moonlighting income.

              I am not sure exactly how this should be apportioned in relation to your primary W-2 employment. Maybe Johanna can comment.

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              • #8

                spiritrider wrote:



                Dr. Mom wrote:



                I expensed all my CME and licensure this year against my 1099 income.
                Click to expand…


                I am not a CPA. However, unless the CME and licenses were solely required to enable the 1099 income, it would not seem proper to apportion the expenses exclusively to this moonlighting income.

                I am not sure exactly how this should be apportioned in relation to your primary W-2 employment. Maybe Johanna can comment.
                Click to expand...


                I didn't comment earlier because I figured this was the only work Dr. Mom does (plus she didn't ask   ). You are correct about the apportionment, though.
                Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                • #9
                  Thanks for everyone's comment, not sure this thread will continue to survive the onslaught of spam

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                  • #10
                    Spam's been smacked down.  I'd like to see the results of this as well!  Please keep us updated!
                    I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

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                    • #11

                      Doc Spouse wrote:



                      Spam’s been smacked down.  I’d like to see the results of this as well!  Please keep us updated!
                      Click to expand...


                      Was that you coming at him from the other end? That was pretty cool.
                      Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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                      • #12

                        jfoxcpacfp wrote:



                        spiritrider wrote:



                        Dr. Mom wrote:



                        I expensed all my CME and licensure this year against my 1099 income.
                        Click to expand…


                        I am not a CPA. However, unless the CME and licenses were solely required to enable the 1099 income, it would not seem proper to apportion the expenses exclusively to this moonlighting income.

                        I am not sure exactly how this should be apportioned in relation to your primary W-2 employment. Maybe Johanna can comment.
                        Click to expand…


                        I didn’t comment earlier because I figured this was the only work Dr. Mom does (plus she didn’t ask  ???? ). You are correct about the apportionment, though.
                        Click to expand...


                        Yes. No W2. Sweet of u and spiritrider to be watching out for me though. Also I’d feel bad if someone erroneously extrapolated what I do to themselves.

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                        • #13
                          I never heard back from them.

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                          • #14

                            HikingDO wrote:



                            I’d be very interested to hear anyone’s opinions and experiences with Teledoc and any other telemedicine services. Dr. Mom, how much did you typically make per hour? Was there much waiting for patients/down time, or were they always available? Was credentialing pretty simple and straight forward?
                            Click to expand...


                            1.  I don’t do it hourly. Pay currently ranges $23/phone or $28/video consult.

                            2. Pediatrics patients not always available when I am logged in. Evenings are busier. Adult patients would be more available.  I log in as I am doing other things like reading or checking the forum.

                            3.  Yes. Took 2 weeks.

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                            • #15
                              At $28 per whack it would take a lot of whacks to feel like this was worthwhile, for me.

                              Telepsych pays around $125 per hour, which is two patients. I haven't been tempted.

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