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Learn more about compensation & bring your questions!
Compensation > Most physicians are initially offered a compensation package that is below fair market value. It is always best for physicians to consult the latest data on average compensation for their specialty and location. Then they know when a salary or signing bonus is below average and could be negotiated.
Call Coverage > Call time should be equally shared and rotating between physicians in the workplace. Because these contract terms help set boundaries and prevent burnout, call hours and general scheduling should be close to the top of a physician’s priority list.
Non-competes > Non-compete clauses, or restrictive covenants, can effectively trap a physician in a job unless they are willing to relocate their place of residence entirely. Such clauses are designed to keep employees from leaving to work for a nearby competitor. However, they are often too restrictive to physicians.
Side Gigs > If a physician would like to moonlight or work another side gig of some sort, their contract may have something to say about it. Many contracts include some outside activities restrictions which require employer approval before a physician can generate income from a source outside of their day job.
Intellectual Property > Contracts can give an employer personal property rights to things a physician authors, invents, or otherwise creates during their time of employment using the employer’s resources. These terms should not give an employer too much control over a physician’s property.
Private Equity Buy-outs > An employment contract should specify what happens in the event of a buyout, acquisition, or merger. If a major change in ownership or practice structure takes place, physicians will want aspects of their jobs protected. This is especially applicable for a path to partnership.
Resolve is your top source for physician contract review services and compensation data. Whether you are signing your first employment contract, or renegotiating a current one, their team ensures your terms are fair.*MEMBER BENEFIT: Receive 20% off employment contract review services and salary data from Resolve as an OSMA member. Learn More >Contact >