
A Fellowship Program Should Cover Physician Employment Agreements
Fellowship programs develop superb clinical skills, but fellowship directors should also provide information about physician employment agreement basics.
Fellowship programs develop superb clinical skills, but fellowship directors should also provide information about physician employment agreement basics.
Patient contact hour requirements in physician employment agreements are one of the most important determinants of physician lifestyle.
Call coverage requirements in physician employment agreemnts need to be carefully examined. MGMA benchmarks can help to establish reasonable boundaries.
The first employment agreement may not guarantee ownership, but it’s critically important that a path to ownership is discussed.
The bottom line is that physicians must know the bottom line. You don’t always achieve all of the MGMA benchmarks in negotiations, but knowledge is power.
Physicians can be concerned about the employer’s reaction to a legal review of a physician employment agreement, but I have never had a negative reaction.
Physician recruitment agreements can be utilized to “sweeten the pot” in the underlying physician employment agreement.
Most physician employment agreements will continue in full force and effect after an “expiration date”. Nevertheless, it is generally a good idea to negotiate a new agreement when the old one expires.
The cost of failing to give the notice required by your physician employment agreement can be substantial, and the effect on your reputation could be worse.
Negotiating your first physician contract influences the rest of your life – beyond your professional career. Use every resource to assure the best outcome.
Unlike at Lake Wobegon, where “all the children are above average,” this health system believes that all physician compenstation should be average.
It’s time that we recognize that the problem with American healthcare isn’t the physicians, it’s the system that doesn’t allow our physicians to do what they’ve been trained so well to do.
Without cause termination in physician employment contracts can be stressful for the physician, but there are beneficial aspects that can be exploited.
A rant about hospital negotiations, from a physician’s lawyer who has been in the trenches with these David and Goliath battles.
Once you have had your physician employment agreement reviewed, it’s important that you take full advantage of the analysis.
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.