Most Lucrative Medical Survey Panels for Physicians and Other Clinicians
Last Updated: 05 November 2019
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Medical Market Research Firms Need You for Paid Medical Surveys
Getting paid to respond to questions related to your area of medical expertise – all online and on your terms – sounds almost too good to be true. Like late night infomercial level of ‘too good to be true.’
However, for healthcare professionals, joining a medical market research survey panel can be a totally viable way to earn extra money, at or almost at your normal pay rate.
It can also be an ideal way for all types of clinician to supplement their income. Physician surveys, paid physician surveys, specifically, are now available to more healthcare professionals than ever. Industry increasingly recognizes the importance of PAs, nurse practitioners, pharmacists, and others as integral members of the healthcare team.
Because these clinicians aren’t going anywhere, the smart companies want to leverage their opinions, too.
Finding the Top Paid Medical Survey Panels
The problem you might run into is the volume of firms offering paid medical surveys. You could join all of them, but maybe only a handful are worth your time.
Before you shotgun your email address across the industry, let’s first take a look at some of the most popular paid medical market research survey panels around.
We’ll also show you unexpected reasons some join a market research panel for healthcare professionals, as well as the downside considerations you should know about before you commit.
The freedom to participate remotely and on your terms is just one attractive characteristic of paid medical survey panels. And unlike pseudoclinical (still important) volunteer work, such as scientific peer review, payment is expected of this interaction.
Beyond collecting some extra cash, medical market research can be intellectually exciting. It often corresponds to new developments in fascinating areas of pharmaceutical, biotechnology, and medical device research. This makes involvement with them potentially insightful to the savvy clinician.
Reasons Clinicians Should NOT Join Paid Healthcare Surveys
Whoever said there is no such thing as a free lunch was right. Here are three reasons you may not want to join any paid healthcare market research survey panels.
You Will Not Earn CME Credit
Your participating in paid medical surveys is ultimately industry-sponsored. The content may be related to potentially theoretical or non approved products. Therefore, you won’t be able to claim CME hours. At least, not those sweet AMA PRA Category 1 (TM) CME hours that we all want, especially come December.
You may be able to get away with claiming category 2 CME credit, but be sure to check with your credentialing body first. That’s a bag of worms we aren’t touching here.
You Are Concerned About Personal Data Protection
Data privacy is becoming a more sensitive issue in the United States. Many people are just now realizing the implications of freely divulging their mother’s maiden name and listing their hometown on their social media profiles.
Of course, someone has been telling us to be careful with this since the internet was conceived, but that’s beside the point.
And this isn’t limited to the monolithic United States based tech companies. The same principles apply to clinicians interacting with agencies that perform medical market research with healthcare professionals.
Additionally, you never really know what the sponsor is doing with the expert information you provide. Though of course, you can simply leave the survey if your spidey-sense goes off.
Is the sponsor trying to improve patient adherence to insulin, saving countless lives? Or are they testing your tolerance to prescribe drugs that cost more than your house to save those same lives? Can they influence your prescribing habits by inserting some insidious copy?
The truth is probably a lot more routine and neutral, but you get the idea. In fact, some clinicians feel these surveys are a good chance to ensure new products have front-line clinician input.
A noble and valiant effort, indeed. However, before you skip to the bottom and join them all, there is another aspect to consider.
You Can't Budget the Extra Income
You’ll never be able to plan for when you’ll be invited for a survey or how much it’ll pay. And the frequency? Forget it.
Depending on your area of expertise, the frequency you receive paid medical surveys can be highly variable. If you are a member of a single medical market research panel, you may only qualify for one or two surveys a year. That’s not likely to be enough to make you even notice.
In other words, don’t quit your day job. Currently, clinicians working in a sexy field like hematology, neurology or neurosurgery are more likely to be targeted than others.
Why? That’s where the you find the concentration of the research, and thus marketing dollars. Remember hepatitis C? Gi folks, especially hepatologists, were probably the hottest people in the industry in the years leading up to the release of Sovaldi and Harvoni.
To avoid this sad outcome, most healthcare professionals sign up for several paid medical survey panels. This increases the chances of being selected for a paid medical survey at any given time.
More Money, More...Taxes
As with any activity that brings in additional income, you can’t forget good old uncle Sam. Technically, every dollar you make in the United States has to be reported, even if you don’t get a return form for it.
However, once you earn a certain amount of money, generally $600 in a year, whoever paid you will be obligated to send you a W-9 and report that income to the IRS.
This can mean a more complicated tax return and more under $600 payments to keep track of. Talk to your favorite accountant for specifics.
Mine was sure to tell me that if I understood tax law and was clever with numbers, I wouldn’t be joining paid medical survey panels in between seeing patients, I’d be on a beach drinking mojitos. Fair point.
Benefits of Paid Survey Panels for Healthcare Professionals
Enough raining on the parade. Yes, the money is an upside; however, there are more benefits than you may know.
Supplemental Income from Paid Medical Surveys
I know we said this was obvious, but hear me out.
It’s worth mentioning that membership should always be free. If it’s not, think twice about joining.
The whole point of these companies existing is to learn from you. It should almost go without saying, but they pay you in the form of a check for that privilege.
Clinician Input for the Latest Medical Developments
As we mentioned above, participants also have the chance to shape the future of healthcare. I know it sounds cheesy, but that is literally what market research is. This is especially true for these medical market research survey panels.
Completing these projects also gives you certain insight of upcoming developments in your field. You aren’t supposed to talk about anything you see, however, so keep it to yourself!
Earnings from Paid Medical Surveys Have No (Additional) Reporting Requirements
Yes, your income needs to be reported to the IRS, but that’s not what this is about. The specific industry source is usually blinded from participants, so certain regulations don’t apply.
Almost as a form of public shaming, physicians and some other clinicians are required to report their sources of industry income in the United States. It’s worth knowing that in almost all cases, market research participation does not have to be reported under these laws.
Although I’m about as good a lawyer as I am a tax accountant. It’s hard to know what rule or regulation will change or when, so always do your own due diligence before taking action.
Where to Join for Paid Medical Surveys
As we said before, there are dozens of paid medical/physician survey panels you can join. The problem is that most will just collect your information and you’ll never hear from them again.
Instead of wasting your time signing up for those medical survey panels, join these instead. Also, these are all separate entities from Modern MedEd, though we may earn compensation if you decide to join them.
M3 Global Research
The M3 Global Research paid medical survey panel boasts over two million clinician members and five global research brands. Oncologists, neurologists, rheumatologists, urology, and surgery are the most desired at this time and will get the highest paying surveys.
Physicians from other specialties, PAs, nurse practitioners, residents, registered nurses, medical executives, and medical (PA, NP, etc) students can also join.
Of all the physician/clinician suvey panels here, M3 Global Research probably does the best job of matching you to relevant surveys. That means you spend less time answering qualifying questions for surveys for which you won’t be eligible. They also pay well, meaning the effort will be worth your time.
InCrowd accepts all kinds of physicians, from residents to board-certified specialists. Pharmacists, dentists, PAs, NPs, and nurses are also valued here. This is one of the more user-friendly platforms out there, making them that much easier to work with.
Their surveys tend to be on the extremely short side (1 to 5 minutes) but pay relatively well ($1 to $3 per minute) and can add up quickly.
If you join InCrowd through us, you’ll also get a $10 sign up bonus after you complete your second survey.
All Global Circle
All Global Circle is one of the more cumbersome, but definitely worthwhile, paid medical survey panels to join. That’s in part because of the verification process they have in place. They take the time to really verify that only healthcare providers are allowed in.
This does mean that it may take several days to get approved, so be patient. To make up for this, they offer one of the best joining incentives, however.
If you want a $25 bonus just for signing up, do so here. Like the rest of the process, you’ll have to be patient. In the next few days, you’ll receive an exclusive email from All Global Circle. It will contain a unique link that allows you to sign up and claim your $25.
You do have to wait for this specific email, because if you sign up directly before receiving it, you will no longer be eligible for the bonus. If you also choose to sign up for our email list, we’ll send you a helpful reminder email a couple of days after you are referred.
They will probably ask you for some substantiation of your licensure, the verification of which can take another day or two. Once they have fully verified you as a bona-fide clinician, they credit your account $25, which you can withdraw immediately if you so choose.
Inspired Opinions offers members the opportunity to earn honorarium from their market research projects with pharma and medical device companies. Their healthcare panel consists of physicians, PAs, NPs, allied health professionals, administrators, and more.
MNOW offers extremely short surveys you can do on your walk between patients in clinic. Seriously, that short. Usually fewer than a handful of questions for a couple of bucks, but they can really add up.
Lately, they’ve also gotten into the longer (and higher-paying) survey market, too. You can look forward to both when you join this paid physician survey panel (PAs, NPs, and other clinicians are more than welcome, too).
Is joining one (or all) of these paid medical panels right for you? Like any question in medicine worth asking, the answer is, “it depends.” If you happen to work in a popular specialty, you just might make a few bucks. If not, don’t fret, because what is hot now will fizzle out in a few years to make way for the new. Just don’t get too excited for a comeback, hepatology.
If you are looking for more ways to supplement your income, some of our previous posts have covered other this. They show you lucrative side hustles that physician assistants, nurse practitioners, pharmacists, and physicians use to increase their non-clinical income.
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Jordan G. Roberts, PA-C writes engaging, compelling medical education. His experience makes him a go-to consultant for companies of all sizes with a diverse clinical audience. He is a nationally recognized speaker, published scientific author, and medical podcaster. His goal is to deliver excellence in all facets of medical education.
Feel free to get in touch with Jordan to check the availability of his speaking schedule or to get more information on his consulting and editorial services.