Compensation Structure and Form:

• Straight Salary – An annual salary typically paid on a bi-weekly basis for a period of time.
• Productivity Bonus – an incentive paid either monthly, quarterly, or annually based on the physicians performance or number of patients seen.
  o Needs to clearly state when, how and for what the bonus will be paid.
  o Contract should state that physician will receive the bonus for collections received even after the physician leaves the practice.
  o Bonus structure needs to be carefully analyzed to ensure there are no violations of self-referrals and anti-kickback laws.

Professional Liability Insurance:

• The contract should clearly articulate who is responsible for malpractice insurance.
• The following are coverage considerations:
  o Occurrence-Based Coverage – Covers claims of physician’s acts while employed, even if the claim is made after the policy is terminated. This is the more expensive policy that provides the greater protection.
  o Claims-Made Coverage – Claims are not covered unless it both relates to an act or omission that occurred during the policy period and notice of claim was provided to insurer during the policy period.
• “Tail” Coverage – Extends coverage to a period beyond the physician leaving the employer.

Practice Restrictions (“Non-Competes”):

• Provisions meant to intimidate and restrict physicians from working for an employer in a similar industry and in close proximity to the former employer. BE CAREFUL- these restrictions could lead to difficulty in securing future employment.
• These provisions are generally interpreted by the court in favor of the physician employee unless considered reasonable in scope and time.

Article contributed by
Sibilla Alessi Pantano Gupta, Attorneys At Law,
NYC, NY, 646-612-7847
www.sapglegal.com

• Strong hospital system with the best area medical system
• Guaranteed patient base
• Developing a Pain Management & Spine Center-in-house referrals forthcoming from 25 primary care physicians
• No primary care required unless preferred

ST. PAUL, MINNEAPOLIS-PAIN MANAGEMENT

• Built-in referral system at a beautiful new facility with well-trained staff
• Therapies available in-house in this largest not-for-profit system
• Salary & quality incentive plan & perquisite plan & production bonus & sign-on bonus

ROCHESTER, NY-OUTPATIENT

• 11-doctor private practice with neurosurgeons, spine orthopedic surgeons, an anesthesiologist, PTs, chiropractors, 1 physiatrist and mid-levels
• This practice has the busiest and best spine orthopedic surgeon in NY who does 60 surgeries/week
• The current physiatrist says that there is good collegiality among the doctors and the practice is well-positioned now and for the future
• Brand new office building with chiropractic services and PT
• International center of higher education, as well as medical and technological development.
• In 2012, Kiplinger rated Rochester as the fifth best city for families, citing low cost of living, top public schools, and a low jobless rate.

About once every week or two, you will receive an email about any new practice opportunities. More information about the new practice opportunities may be found by clicking on the Openings tab on the Farr Healthcare website. Even more information is available by contacting Farr Healthcare, Inc. at [email protected], 888-362-7200.