4 Most Disastrous Issues in Physician Employment Agreements

When negotiating your contract, there are 4 major issues you need to be aware of:

  • When is your actual Starting Date?
  • “This is our standard contract” line
  • What is the Restrictive Coverage?
  • Who covers Malpractice Tail Coverage?

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I wrote a book on physician employment agreements (The Final Hurdle – A Physicians’ Guide to Negotiating a Fair Employment Agreement) because I have reviewed so many physician employment agreements with the same traps that keep ensnaring young physicians over and over again. These three traps that residents and fellows healthcare professionals need to avoid in physician employment contract agreements.

To learn more about the critical issues to be aware of when negotiating a physician employment agreement, you can check our physician employment agreement checklist or, for the most extensive discussion of the topic, my book on physician employment agreements. For specific information on topics you might be interested in, see our posts about physician productivity compensationMGMA compensation analysismedical record provisions in physician employment agreementsletters of intent in physician contractsphysician covenants not to compete, and call coverage requirements.

Don't Get Trapped In An Unreasonable Contract

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Physician Prosperity Program

How It Works

After purchasing the physician contract review, you will receive an email asking you to transmit the agreement and any concerns you have to me. Many physicians do this by email, but I will be available by phone, too. In three business days from the time you purchase the Physician Prosperity Program® and transmit the draft physician employment agreement along with any concerns you have about the agreement and the information I will need to perform the MGMA analysis, you will receive a detailed physician contract review letter from me.

After you receive my physician contract review letter, you will have the opportunity to discuss it with me, to make sure all of your concerns were met, and to correct any factual inaccuracies, or to point out things that were verbally promised but didn’t make it into the physician employment agreement. These discussions, and revisions of the letter following these discussions, are included in the initial fixed fee.

Once you are completely comfortable with the physician contract review letter, you transmit the letter to your potential employer.