What a Physician Should Do If They Just Started a Job and Got Another Offer

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It is common practice for physicians, regardless of their specialty, to sign a physician employment contract. Hospitals, healthcare groups, and private practices alike put contracts in place to protect both the employer and the physician.

In many cases, signing a physician employment contract is a cause for celebration and congratulations. It usually means that you’re about to start a new position that you’re excited about.

But what happens if you sign a contract and, in your first week, realize the job is not a good fit for you?

What do you do if you sign a contract then get a better job offer that you’d rather take?

Physician contracts are binding legal agreements — but there are some ways out of them.

The question becomes, is that contract worth breaking? What will be the ramifications for doing so?

Today we’ll guide you through the process of what to think about and how to decide whether you should get out of your current contract.

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What Is Sullivan Cotter? What Physicians Need to Know

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Interestingly, the market for physicians is an ever-fluctuating scale. Healthcare organizations want to keep costs low while maintaining physician productivity and fair compensation.

To find benchmark numbers that ensure a successful healthcare business requires a lot of data.

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The development of independent consulting firms met the need for this data. They took the initiative to create a document that gave these healthcare organizations the information they needed.

In order to be accurate in their statistical data, these sources had to have a significant number of participants to be reliable. Each of these consulting firms survey thousands of physicians from a variety of specialties in order to make their survey data accurate.

Sullivan Cotter and Associates is one of the leading and most influential consulting firms in that industry.

This article will give an in-depth explanation of the role they play in the determination of your potential salary. And how they go about accomplishing that.

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Understanding Your Resident Doctor Employment Agreement

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While physicians work in all sorts of different facilities and specialties, there’s one thing that all physician jobs have in common: they always require contracts.

Unlike other professionals in other industries, physicians work under strict guidelines, and contracts are in place to protect doctors as well as the hospitals or healthcare groups they work for.

As a resident, you’ll get your first taste of what a physician’s employment contract looks like when it’s time to sign your resident doctor’s employment agreement.

Resident employment agreements are extremely important, and you need to understand what they entail and why they include the information they do. Here’s what you need to know to understand your resident doctor employment agreement.

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What Doctors Can Expect During Physician Salary Negotiation

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When it comes to the health of your patients, physicians are cool and confident under pressure.

When it comes to negotiating your salary for a new job, however, you might feel uneasy. Discussing the sensitive subject of money can be awkward.

As with any situation, knowing what to expect beforehand can help to ease some of the anxiety you might be feeling.

To help you prepare for this negotiation, we’ve created this guide to physician salary negotiation.

That way, you will come out on the other end of the negotiation process with a competitive salary and benefits package that meets your worth and needs.

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How to Become a Medical Director

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Are you looking for an opportunity to work in a non-clinical job?

Would you be interested in a challenging new position that will give you more authority in your field?

If you’re a physician that’s ready to take on a leadership role, you may want to consider becoming a medical director.

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Following is an in-depth look at the role of the medical director. From the requirements and certifications you’ll need to the day-to-day duties, we’re breaking down everything you need to know about the role and responsibilities.

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How COVID-19 Is Affecting Physician Employment Contracts

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While COVID-19 has left no corner of the medical field unaffected, physicians around the country are experiencing the effects of the pandemic in different ways. While many pulmonary and critical care doctors are struggling to meet the needs of a growing patient load, other practices are reducing hours. As well as cutting costs and even … Read more

Understanding Your Physician Independent Contractor Agreement

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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.

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Physician Contract Termination: How to Protect Your Interests

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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.

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Restrictive Covenants in Employment Contracts: What They Mean For You

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Unless you own a private practice, almost every physician will have to sign an employment contract at some point in their career. And those contracts include all sorts of confusing language, legal jargon, and specific terms.

Physician contracts include details on salary, benefits, and the responsibilities of the position. They detail when you will work, when you have to be on call, and any administrative duties that you are responsible for handling. More often than not, they also include restrictive covenants.

Physicians need to be aware of restrictive covenants and know how they can affect them.

If you’re getting ready to sign a new contract with a hospital or healthcare system, you’ll need to know what to look for and how to protect your interests.

Here’s what you need to know about restrictive covenants in physician employment contracts and what they mean for you.

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Everything You Need to Know About Physician Contract Review

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A professional contract review by a lawyer is one of the most essential steps any physician can take before accepting a new job offer. A physician’s employment contract is worth millions of dollars. And typically contains financial complexities that even experienced doctors require a second opinion to evaluate. To fully assess how an employment offer … Read more