Before you sign a contract, it is necessary for physicians to minimize the amount they may be required to repay for bonuses.
In the case of exiting a contract, be aware of the requirements to repay sign-on bonuses, residency stipends, relocation reimbursements, or student loan assistance. There are often constraints built into the contract in order to incentivize the physician to remain at the same practice for a number of months or years.
Additionally, know when you typically receive salary and RVU or productivity bonuses so that you don’t miss out on receiving this compensation which you have earned before you exit.
This article was contributed by PhysicianThrive, https://physiciansthrive.com