Career and Life Planning Guidebook for Medical Residents

Today, more and more physicians find themselves employed by hospitals and groups rather than as equity owners in medical practices. As employees, physicians have less control over their day-to-day practices and careers, heightening the importance of choosing a practice that is a good fit for the physician. This chapter provides a general overview of the major considerations for reviewing and evaluating employ- ment contracts. Also, the chapter will help you determine whether to review the agreement on your own or consult with a trusted advisor or attorney. For those who choose to hire an attorney, you’ll learn how to set parameters, control cost, and communicate desired deliverables. 1. About Employer Contracts 2. Understanding Employment Terms and Conditions 3. Non-Competition Covenant 4. Legal Review Options 5. Selecting an Attorney 6. Deadlines and Expectations • To understand basic employment terms and definitions commonly used in contracts and negotiations. • To define attorney parameters and set a budget. • To secure an attorney who specializes in Physician Employment Agreements prior to your first interview. • To understand when an employment agreement becomes binding. • To secure a position in a timely manner to minimize the risk of losing to another candidate. • To answer common questions regarding employment agreements. L E T ’ S G E T S T A R T E D In This Chapter O U T L I N E G O A L S Employment Law For Physicians 311 WWW.PHYSICIANCAREERPLANNING.COM