Employment Law For Physicians
Discovery Resource # ST-32
Contracts and Negotiation
Understanding the contract review process
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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 employment 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.
- 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.