
My Doctor Made a Mistake
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.
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.
Sales of medical practices to a hospital can be imtimidating; however, we have learned they all usually follow the same trends.
Filing the final tax returns is not enough when officially closing a medical practice. Your attorney must also file documents with the Department of State.
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.
Regulators tend to let messenger model IPAs alone because they’re utterly toothless. If the IPA is negotiating with payors, it isn’t a messenger model IPA.
Covenants not to compete in medical practice sales protect the hospital’s “very valuable assets,” for which the hospital paid the physician next to nothing.
Once you have had your physician employment agreement reviewed, it’s important that you take full advantage of the analysis.
The bottom line on physician covenants not to compete is that the market will enforce the covenant as written, even if a court probably wouldn’t.
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.