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3 Keys to Physiatry Contract Negotiation

One of the most damaging financial threats to your career as a physician is the possibility of inadequate compensation through complex payment formulas or a contract containing legal pitfalls that undermine future income. Low compensation and contract loopholes are two of the main reasons almost 50% of physicians leave their employers, according to the 2013 Physician Retention Survey by Cejka Search and AMGA.  From physicianthrive.com

I’ve written on this subject before and you can find these articles by using the search feature on my physiatry recruitment website. Here are some brief notes as a review of some key features of the PM&R [ . . . ]

Can I Negotiate a Physiatry Contract?

The answer is yes. Virtually all employers are open to hearing questions and requests for changes within your employment contract. The exception to this would be if the physician has already had extensive back-and-forth or negotiation with the employer. If that has happened, the attorney may be limited in how much more to negotiate. In this type of situation, pushing too much more could come across as too aggressive. This is why it’s important for the physician to team up with an attorney as soon as possible, and to delay negotiating with the employer until you do.

That doesn’t mean that [ . . . ]

Tail Insurance

Tail insurance is a must-have item before you exit your agreement, whether you have it paid through your employer or as an individual policy. Because it is a large expense, many physicians prefer to negotiate it in their employment contract before starting in a new position. As you prepare to leave your job, knowing what that coverage includes after termination is important not only to protect you from any liabilities from your current job but also if you need to secure coverage before starting your next position.

This article was contributed by PhysicianThrive, https://physiciansthrive.com Add Your Employer Contact [ . . . ]

Before You Sign That Physiatry Contract – Consider the Repayment of Bonuses

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 [ . . . ]

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