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.