Physician employment agreements are an essential part of any consideration when any doctor is seeking employment. Because of the complexity of various healthcare hiring and employment policies, physician employment negotiations can be very involved and require legal guidance.
Before accepting a position with any healthcare practice or hospital, you must deal with physician employment contract negotiations and understand exactly what to expect and how to protect your rights.
While you may be required to sign an agreement before you can begin work, this must first be carefully considered and discussed, if necessary, with a
medical lawyer before you sign any agreement.
Purpose of Physician Employment Agreements
Every practice, hospital, and medical system operates under different internal rules and regulations pertaining to employment, compensation, and what is expected from retained doctors. As such, physician employment agreements are one of the main ways that employers present their requirements to new doctors being considered for employment.
These contracts protect the rights of the practice hiring you, as well as your rights as a practitioner, which makes physician employment contract negotiations very common. They allow doctors and hiring practices to reach a favorable agreement regarding important details that will affect both throughout the term of the contract.
Important Details in A Physician Employment Agreement
Once you have received an offer letter from a practice, physician employment negotiations can begin. When reviewing physician employment agreements, pay attention to important details such as compensation and benefits, work schedule, call schedules, and your professional responsibilities to the practice. You must also look at the length of the contract and the terms of any type of termination.
Many practices want to retain the right to terminate without cause, while demanding that you provide cause should you wish to terminate. You should also know about any restrictive covenants that are outlined in the contract, as this may affect you once your contract has terminated and you attempt to move on to another practice.
Factors in Negotiating An Employment Agreement
One of the biggest mistakes a doctor can make when taking a new position is failing to enter into physician employment negotiations before they sign an agreement. These contracts are initially written for the benefit of the hiring practice. This is often done with the assumption that a new doctor will want to negotiate the terms.
Contracts can be complicated, using specific terminology that must be thoroughly understood in order to negotiate effectively. They may be left intentionally vague. Some contracts even overlook important details such as conditions of employment, thorough job descriptions, compensation policies, and bonus terms. These factors are important to your job. They must be understood and defined before you conclude physician employment contract negotiations so you can effectively negotiate terms.
Physician employment agreements are important contracts that document what your responsibilities to a hiring practice are and what their responsibilities to you are. They also protect your rights, especially after physician employment negotiations are completed. To fully understand the agreement you have been offered and be successful in physician employment contract negotiations, it is best to work with a healthcare attorney who can help you.
Medical lawyers skilled in these contractual negotiations can explain all details to you and help negotiate a contract that represents your interests and employment needs!
The Stevenson Law Firm, PC
6302 W. Broadway, Suite 120
Pearland, TX 77581
Phone: (832) 481-4548