Career and Life Planning Guidebook for Medical Residents

Recommended Tool Practice Types Physicians typically practice in one of five business models. Each models has its strengths and weaknesses and each can impact compensation, opportunities for growth; and personal or professional development opportunities. http://md.careers/ST-11 R E A D : Contract Review Options There are three contract review options to choose from. It’s best to decide which option works best for you prior to your first interview. By doing so, you’ll avoid adding additional stress by scrambling to find an attorney at the last minute while minimizing the chance of losing the position due to the added time needed to work through the contract review process. 1. Review by yourself Whether or not to seek legal counsel for the contract review process is an individual choice. Most people presented with an employment contract seek legal counsel, while some may feel comfortable reviewing on their own. Each person must weigh the cost versus the benefit and then determine what is right for them. 2. Reviewwith advisors Some residents/fellows decide to have their residency program director, mentor or a trusted friend or family member review the employment contract. While most of these advisors are not attorneys, another set of eyes reviewing the SECTION III: T MINUS ONE YEAR CAREER AND LIFE PLANNING GUIDEBOOK FOR MEDICAL RESIDENTS 322