Career and Life Planning Workbook for Medical Residents

WWW . A D V E N T U R E S I N M E D I C I N E . C O M 79 Exercise: Establish your value and create the “Win-Win” In negotiation CHAPTER 8 Contract Negotiation /LHS[O )LULÄ[ 7HJRHNL 6ќLY Acceptable Terms Health Insurance: Out of Pocket (Employee-monthly) Life Insurance Disability Insurance Vacation CME Relocation Package $ $ $ Weeks Stipend: $ $ $ $ $ Weeks Stipend: $ $ Malpractice Insurance 6ќLY Type of Malpractice Insurance? Cirlce the answer For Employers who have a Claims Made Malpractice Carrier (and does not include a tail if you leave your practice), some ,TWSV`LYZ ^PSS VќLY WH`PUN H 7LYJLU[HNL VM [OL [HPS IHZLK on the number of years that you serve at the practice. For example: Your level after - Year 1: you pay 100% of the Tail - Year 2: 75% you / 25% Employer - Year 3: 50% you / 50% Employer - Year 4: 25% you / 75% Employer - Year 5: 100% Employer Place the Employer’s % next to each of the years, if applicable. Claims Made Occurrence (covers Tail) Year 1: % Year 2: % Year 3: % Year 4: % Year 5: % Year 1: % Year 2: % Year 3: % Year 4: % Year 5: % Pension Plan Terms & Facts 4038 Pension Plan Notable Contract Terms Terms & Facts Acceptable Terms Length of Term Non-Compete Track to Partnership Years miles Buy-in? over $ Years miles Buy-in? over $ Circumstances: 0M `V\ HYL ZLLRPUN [V ULNV[PH[L JPYJ\TZ[HUJLZ YH[OLY [OHU [LYTZ VM [OL VќLY SPZ[ [OL JPYJ\TZ[HUJLZ ULLKLK PU VYKLY to accept the opportunity. Sample: I am prepared to accept the opportunity if I can work a 4-day work week, instead of a 5-day work week 01 02 75 . E S I N E D I C I N E . C O M