Word: locum
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Dates: during 1980-1989
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Since U.S. universities graduate some 37,000 lawyers, 16,000 doctors and 51,000 accountants annually, plenty of labor power is available. Upscale service agencies are springing up to match that supply with the new demand. Temporary agencies that place physicians are an especially fast-growing group. Atlanta's Locum Tenens, founded in 1983, has 2,000 doctors on call. The agency's revenues last year reached $3 million, twice the 1984 total. Typically, a general-practice doctor hired through Locum Tenens is paid a fee of $440 a day. The agency provides malpractice coverage and travel expenses...