Physician Contract Review and Negotiation
All 50 States | Physician Contract Attorneys
Physician employment agreements can be complex.
They are not only legal documents, but they also set the stage for the physician financially. For that reason, our contract review process includes both an attorney and a financial advisor, each of whom specializes in guiding doctors through the contract negotiation process. You receive a comprehensive evaluation of your employment opportunity, from both legal and financial perspectives, from a team that has reviewed contracts worth nearly $1 billion in the aggregate, in every state and in every specialty.
Described below, our team provides two all inclusive contract review and negotiation packages to meet your needs.
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SINGLE CONTRACT FULL SERVICE PLAN
$549
Single Contract Review
1 Employment Opportunity Reviewed
Unlimited Consultations with Financial Advisor
Access to Independently Contracted Attorney
Annual Access to MGMA Compensation Data
Compensation Audits for Your Entire Career
Annual Income Tax Audit
Option for Attorney to Negotiate on Your Behalf
2-3 Day Turnaround Time
MULTI-CONTRACT FULL SERVICE PLAN
$799
Multiple Contract Review
2+ Employment Opportunities Reviewed
Unlimited Consultations with Financial Advisor
Access to Independently Contracted Attorney
Annual Access to MGMA Compensation Data
Compensation Audits for Your Entire Career
Annual Income Tax Audit
Option for Attorney to Negotiate on Your Behalf
2-3 Day Turnaround Time
Request a Review
The contract review process includes advice from two professionals so that you don’t miss anything. The first is a financial advisor who specializes in health-care industry. S/he analyzes the compensation & benefits, provides advice on financial aspects of the opportunity, researches industry standards along with MGMA’s and the Physicians Thrive databases (taking into account your experience, specialty and geographical region), discusses findings with physician, and has unlimited availability during the negotiation process.
You will be referred to an attorney who specializes in health-care law. The attorney reviews legal documents, coaches physician for negotiation or if desired, directly negotiates with the employer, and has unlimited availability during negotiation process.
The average turn-around time is 2-3 days. Once your contract has been signed, you will continue to have unlimited access to both the financial advisor and the attorney throughout the contract term for any contract maintenance issues.
Ask your advisor about the Physicians Thrive Group discount to receive rewards and discounts for referring your colleagues and friends.
Why have your contract reviewed?
One of the most damaging financial threats to your career as a physician is the possibility of inadequate compensation through complex payment formulas or a contract containing legal pitfalls that undermine future income. Low compensation and contract loopholes are two of the main reasons almost 50% of physicians leave their employers, according to the 2013 Physician Retention Survey by Cejka Search and AMGA.
What does the process look like?
If you are interested in engaging our team, you will receive an electronic link where you pay and upload the employment documents and other information related to the opportunity(ies). Once this is done, you are provided a link where you schedule calls with the financial advisor (first) and the lawyer (second). These calls often can be done as soon as 24 hours later.
During your call with the financial advisor, s/he will provide a detailed, written comparison of your offer to industry standards as well as the MGMA database and our own database, and then use that to discuss what changes could be requested. During your call with the attorney, s/he will incorporate the issues discussed with the financial advisor, discuss issues posed by the legal documents, and then coach you in negotiation strategy.
After these calls, if you would like to continue communications with the employer, we will wait in the wings, ready to answer any questions, step in if needed, and prepared to review and discuss the employer’s response. If you would like the attorney to negotiate for you, s/he is willing to do so for no additional charge. Of course, there may be additional phone calls and/or email correspondence during the negotiation process and as things are finalized. The average client will have thorough phone calls with the advisor and attorney at the initial review stage, and then a briefer phone call or email correspondence after negotiation, in order to review the employer’s response, to help decide whether to sign the new (normally final) contract version.
How long does the process typically take?
We offer different turnaround times for each of our different packages and expedited options for physicians in a time crunch. Typically, we complete the full process within 3-5 business days.
Connect with an Advisor
Request a Review
The contract review process includes a Financial advisor who specializes in health-care industry. S/he analyzes the compensation & benefits, provides advice on financial aspects of the opportunity, researches industry standards along with MGMA’s and Physicians Thrive’ own databases (taking into account your experience, specialty and geographical region), discusses findings with physician, and has unlimited availability during the negotiation process.
You will be assigned to an Attorney who specializes in health-care law. The attorney reviews legal documents, coaches physician for negotiation or if desired, directly negotiates with the employer, and has unlimited availability during negotiation process.
The average turn-around time is 2-3 days. Once your contract has been signed, you will continue to have unlimited access to both the Financial Advisor and the Attorney throughout the contract term for any contract maintenance issues.
Ask your advisor about the Physicians Thrive Referral Program and receive rewards and discounts for referring your colleagues and friends.
Why have your contract reviewed?
One of the most damaging financial threats to your career as a physician is the possibility of inadequate compensation through complex payment formulas or a contract containing legal pitfalls that undermine future income. Low compensation and contract loopholes are two of the main reasons almost 50% of physicians leave their employers, according to the 2013 Physician Retention Survey by Cejka Search and AMGA.
What does the process look like?
If you are interested in engaging our team, you will receive an electronic link where you pay and upload the employment documents and other information related to the opportunity(ies). Once this is done, you are provided a link where you schedule calls with the financial advisor (first) and the lawyer (second). These calls often can be done as soon as 24 hours later.
During your call with the financial advisor, s/he will provide a detailed, written comparison of your offer to industry standards as well as the MGMA database and our own database, and then use that to discuss what changes could be requested. During your call with the attorney, s/he will incorporate the issues discussed with the financial advisor, discuss issues posed by the legal documents, and then coach you in negotiation strategy.
After these calls, if you would like to continue communications with the employer, we will wait in the wings, ready to answer any questions, step in if needed, and prepared to review and discuss the employer’s response. If you would like the attorney to negotiate for you, s/he is willing to do so for no additional charge. Of course, there may be additional phone calls and/or email correspondence during the negotiation process and as things are finalized. The average client will have thorough phone calls with the advisor and attorney at the initial review stage, and then a briefer phone call or email correspondence after negotiation, in order to review the employer’s response, to help decide whether to sign the new (normally final) contract version.
How long does the process typically take?
We offer different turnaround times for each of our different packages and expedited options for physicians in a time crunch. Typically, we complete the full process within 3-5 business days.
