Understanding Your Physician Independent Contractor Agreement

October 20, 2022April 7, 2020 by Justin Nabity

With the exception of physicians that own private medical practices, every physician will, at some point, have to sign a physician contract. It doesn’t matter if you work as an employee of a hospital group or as a locum tenens physician in an urgent care center — contracts are to be expected.

Understanding that contract, prior to signing it, is crucial.

Today we’re breaking down the most important components of the independent contractor agreement. These differ from standard physician employment contracts, so it’s important to know what they should and shouldn’t involve.

Here is our complete guide to understanding your physician independent contractor agreement.

Physician Contract Termination: How to Protect Your Interests

August 19, 2025April 6, 2020 by Justin Nabity

Physician contracts are legally binding documents that contain all the terms of your employment. In addition to details about your salary and benefits, contracts also include termination clauses.

The termination clause is a key part of the contract, both for physicians and employers. Before ending your contract or firing an employee, it is important that you understand every aspect of the termination clause.

Ready to learn more? Here is our guide to physician contract termination and how to protect your interests.

Provider Reviews: Northwestern Mutual Disability Insurance

December 6, 2023April 3, 2020 by Justin Nabity

With so many insurance providers to choose from, selecting a disability insurance policy can be a difficult decision.

It requires research. Comparing various plans is vital. You want to be sure that the one you choose offers the best coverage and terms.

At Physicians Thrive, we’re committed to providing physicians with the information to help them make that decision. Our ongoing series of Disability Insurance Provider Reviews is designed to do exactly that.

In recent months, we’ve reviewed some of the Big 6 insurance providers, including Ameritas and MassMutual.

Today we’re taking a look at Northwestern Mutual.

Markets Gain On Stimulus Hopes

July 9, 2025March 31, 2020 by Justin Nabity

Markets Gain On Stimulus Hopes Markets rose dramatically this week even as the novel coronavirus Covid-19 continued its spread, in spite of shutdowns and quarantines around the globe. Equities responded favorably to the passing of a $2.2 trillion federal stimulus package, conveying optimism that negative effects of the rising economic damages would be short-lived for … Read more

The cure versus the disease

July 9, 2025March 24, 2020 by Justin Nabity

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The Cure Versus the Disease Markets fell dramatically this week as the novel coronavirus Covid-19 continued its spread, prompting shutdowns and quarantines around the globe. The oil dispute between Saudi Arabia and Russia has continued, as both countries have vowed to flood the oil market with cheap inventory until the opposing party agrees to terms. … Read more

Why Relying On Your Employer-Sponsored Disability Plan Can Hurt You

June 27, 2024March 19, 2020 by Justin Nabity

Remember to keep group long-term disability insurance that is provided by an employer and/or association as your secondary plan, not primary.

It happens all of the time. Physicians get lost in the Disability Insurance Maze. This is because of misunderstandings about what they wrote in the fine print of disability insurance contracts. Whether they are group or individual insurance plans. They are not experts in legal contracts. They often place too much faith in the employer to adequately select a disability plan that provides the coverage physicians need. Most employers often select group disability plans based on cost rather than the strength of the policy.

Hospital Credentialing: What to Expect as a Physician

November 4, 2022March 17, 2020 by Justin Nabity

It doesn’t matter whether you work in private practice or work for a hospital group. Almost every physician has to go through credentialing and privileging at some point in their career.

These two terms are commonly spoken in the medical community, but do you really know what they mean? Do you know what they’re for or what it takes to get approval?

Credentialing and privileging take place after you’ve received licensure. Without your medical license, you will not be able to get credentialed or obtain privileges.

Today we’re discussing why credentialing and privileging are so important. We’ll explore why they matter so much to your career, and we’ll outline the processes for approval for each. We will also lay out a detailed step-by-step guideline as to how you should approach each one.

Keep reading to learn all about hospital credentialing and what to expect as a physician.

The Spread of a Pandemic

July 9, 2025March 16, 2020 by Justin Nabity

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The Spread of a Pandemic Markets retreated this week as the World Health Organization declared the novel coronavirus Covid-19 a pandemic on Wednesday. Further shocking markets was the emerging dispute between Saudi Arabia and Russia. As both countries have vowed to flood the oil market with cheap inventory until the opposing party agrees to terms. … Read more

Your Step by Step Guide to Becoming a Physician Consultant

August 19, 2025March 12, 2020 by Justin Nabity

There are dozens of physician specialties. From hospitalists to cardiologists to surgeons, most physicians focus on one specialty and work strictly within that area of medicine.

Yet some physicians don’t practice medicine at all.

Some physicians work as physician consultants instead.

Today we’re discussing what is physician consulting, where physician consultants work, and who they work for. We’ll also break down the steps you’ll need to take to work in this unique capacity.

Here is our step-by-step guide to becoming a physician consultant.

The Market and News Have Me Worried

October 18, 2022March 10, 2020 by Justin Nabity

What should I do with my investments right now? Over the past 12 market days, the S&P 500 has dropped 17.5%. There is a global health crisis. Oil prices have dropped 45% YTD, 30% in just one day. Interest rates have plummeted. Given the above, it’s natural for people to be concerned (even frightened) about … Read more

Remember to keep group long-term disability insurance that is provided by an employer and/or association as your secondary plan, not primary.

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