
Expiration of Physician Employment Agreements
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.
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.
Medical practice purchase agreements are usually complicated transactions. This post intends to give you a sense of some of the issues you will run into.
The Manual of Policies and Procedures for Direct Primary Care may be all you need to get back to practicing medicine by really connecting with your patients.
Physicians get to spend most of their time healing patients in direct patient care practices, rather than fighting insurance companies to get paid.
New contracting paradigms are creating alliances between physicians and payers on one side, squared off against hospitals on the other side.
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.
Medicare overpayments to physicians must be repaid within 60 days. I explain exactly what is required, and answer common questions about this rule.
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.