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 youโ€™re about to start a new position that youโ€™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 jobย offer that youโ€™d rather take?

Physician contracts are binding legal agreements โ€” 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 weโ€™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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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 youโ€™re a physician thatโ€™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 youโ€™ll need to the day-to-day duties, weโ€™re breaking down everything you need to know about the role and responsibilities.

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Physician Recruiting: Merritt Hawkins Review

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There are many employment opportunities for certified, licensed physicians in the United States.

In some areas of the country, physicians are in such high demand that bonuses have become almost a standard. As of 2017, physicians reported earning an average signing bonus of $30,000.

But finding a job takes time, and finding the perfect job takes even longer. That is why so many physicians turn to physician recruiters to connect them with potential future employers.

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Whether youโ€™re just finishing your residency or are looking for a new job after decades in the industry, there are many recruiters that can help you find your next position.

Letโ€™s take a look at one in particular: Merritt Hawkins.

Are you an employer looking to hire a new physician?

Are you a physician searching for a new job opportunity?

If so, hereโ€™s everything you need to know about Merritt Hawkins and why it might be a good choice for you.

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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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Hospital Credentialing: What to Expect as a Physician

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It doesnโ€™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 youโ€™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.

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

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Your Step by Step Guide to Becoming a Physician Consultantย 

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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 donโ€™t practice medicine at all.

Some physicians work as physician consultants instead.

Today weโ€™re discussing what is physician consulting, where physician consultants work, and who they work for. Weโ€™ll also break down the steps youโ€™ll need to take to work in this unique capacity.

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

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Physician Work-Life Balance: A How-To Guide for New Doctors

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Todayโ€™s generation of young professionals are increasingly interested in the idea of โ€œwork-life balance.โ€ They care about their careers, but they also care about how their jobs affect quality-of-life outside of the workplace.ย  For young physicians who are emotionally and financially invested in their first jobs, finding a work-life balance can be especially challenging. Fortunately, … Read more

How Moving Can Help Physicians Pay Off Student Loans

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In 2018, the average student loan debt for a medical school graduate was a whopping $190,694. Moreover, for a physician with a loan balance of $190,694 on a standard 10-year repayment plan, monthly repayments would cost about $2,000. Looking at these figures, itโ€™s understandable why most new doctors are anxious to secure an attending position. … Read more

How To Increase Your Income As A Physician

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Itโ€™s no secret that compensation can be a difficult discussion with potential employers.

Here, weโ€™ll give you everything that you need to navigate that discussion and start earning what youโ€™re worth.

Weโ€™ll delve into understanding your worth, evaluating (and prioritizing) the roles that will bring you the most happiness, and the four key factors to review within the contract negotiation phase.

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How Long-Term Disability Insurance Can Protect Visa and Green Card Holders

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Long-term Disability The possibility of becoming too sick or injured to work is a sad prospect for any physician. And even more so for doctors who rely on a green card or visa to stay in the United States. A long-term disability poses a serious risk to both the earning ability and the residency status … Read more