How important is a physician’s employment contract?
The interview is over, and you have determined that both the location and practice sound like a great match for your first practice out of residency.
In fact, you might be so anxious to start your career as a practicing physician that you’re tempted to sign the contract right away.
Not so fast!
A typical physician employment contract often exceeds 10 to 15 pages and is filled with language appropriately referred to as “legalese.” The goal of the contract is to spell out the responsibilities of both the health care organization and the physician throughout the employment period.
But unless you have previously reviewed a large number of them, it is very difficult to identify the deficiencies of an employment contract. It’s hard to identify which clauses could have significant implications in your career. That’s why it’s strongly recommended that you have an attorney who specializes in physician contracts review any employment document you’ll sign.
Remember: These contracts were written by the attorney of the employer to protect their interests. There is too much at risk for you to not do the same.
Your contract is worth millions of dollars, and the terms will have a great impact on your professional and personal satisfaction with your new role.
Does your employment contract need review? Premier Physician Agency can help. Click here to arrange a free consultation.