Contract Review Frequently Asked Questions

The answer is yes. Virtually all employers are open to hearing questions and requests for changes within your employment contract. The exception to this would be if the physician has already had extensive back-and-forth or negotiation with the employer. If that has happened, the attorney may be limited in how much more to negotiate. In this type of situation, pushing too much more could come across as too aggressive. This is why it’s important for the physician to team up with an attorney as soon as possible, and to delay negotiating with the employer until you do.

That doesn’t mean that the employer will accommodate all or any of the physician’s requests.  It simply means that most employers are open to discussing anything at the start.  Accordingly, the biggest risk to the physician is that the employer says “no” to the physician’s requests.  Given this, the physician ought not hold back at all.  The physician need not be hesitant, shy or afraid to ask questions or make requests for contract modification at this stage.

Only a very small percentage of times from our experience, an employer may react less favorably to negotiation at this stage. Our attorneys have determined that this occurs less than 1 percent of the time from their experience working with over 5,000 physicians to negotiate their contracts.  Also, in our experience, when this happens, it is usually a sign that the employer may not be a good fit anyway.  We would not recommend working for an employer who’s not open to discussing contract details.  This unfortunate dynamic is normally the sign of an employer that is unbending, has poor communication in the workplace, and has unfriendly employment conditions.

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.

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.

We offer different turnaround times for each of our different packages and expedited options for physicians in a time crunch. Typically, we review the contract within 2-3 business days.

It is impossible to predict how an employer will respond to our negotiation thoughts.  We have seen annual six-digit compensation increases, total inflexibility, and everything in-between.  What we can say, is that generally speaking, the vast majority of employers are at least willing to listen to negotiation thoughts, and won’t respond unprofessionally (by, say, revoking the offer!).  In light of that experience, we encourage our clients not to hesitate to make reasonable requests.

We use multiple attorneys even those of Ivy League pedigree. All of which have at least 10 years of experience each negotiating for doctors and have doctors in their immediate family so each of them are personally invested in your profession. Each has reviewed hundreds (perhaps over one thousand) physician employment opportunities.  Familiarity with Indian, Canadian, and other foreign cultures, which is relevant for foreign-born and immigrant clients.  These are just some of the credentials of the attorneys that we work with.  The fact that so many physician clients return to us for help with other future opportunities, is a confirmation that these attorneys do great work.  We are happy to provide more credentials of our attorneys and advisors upon request.  Equally importantly, if you are considering other contract-review providers, ask about the attorneys they use: Where did they attend law school?  If you don’t like one attorney or if an attorney is unavailable, are there other health-care specialty attorneys available?  How much experience – in years and contract numbers – does s/he have?

Our company started working with physicians nearly ten years ago. During the time since, our team that has reviewed nearly 3,000 employment opportunities, that are worth over $1 billion in the aggregate, in every state and in every specialty.

One differentiator is that our process involves both a financial advisor and an attorney. The former evaluates your compensation and financial position overall; the latter incorporates this evaluation into the legal review and negotiation process. Many other contract-review providers are not this thorough.

Other important areas of distinction include:

– while we use popularly available databases like the MGMA’s, we also have our own internal database on thousands of physicians, which provides an additional layer of negotiation leverage – we can recall specific clients who have applied to work in the same geographic area or even the same employer, and use related information; we can also note trends among our clients’ experiences, in negotiation success, employer flexibility, compensation/benefit achievement, etc.

– while other firms limit access to their professionals, we offer unlimited access during the review, consultation and negotiation process, but also during the contract term for contract maintenance issues

We are not a law firm.  We come from a family of physicians and award-winning wealth advisors that carefully review and select the attorneys that we partner with. We believe in assembling the best team of professionals and maintain extremely close relationships with our attorney partners as we take our clients through the contract review and negotiation process.

Physician Contract Review

Employment contracts are the foundation of your finances and your ability to make future career choices. At Physicians Thrive, we’re here to help you understand and negotiate your contract before you sign.

Fill out the form below and a member of our team will get in touch with your shortly.

Pick the plan that's right for you

Get one or more contracts reviewed before you sign.



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SINGLE CONTRACT
FULL SERVICE PLAN

$549

Flat Rate

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

Flat Rate

2-3 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

Physicians Thrive Reviews

My first time working with Physicians Thrive was for a contract review, and I was really impressed by the expertise of their team. It was obvious Dave (the financial advisor) and Steve Stratman (the attorney) had worked with hundreds of physician contracts, because they were able to identify potential trouble areas quickly and explain how different clauses could negatively affect my work. They also asked me about my professional, financial and personal priorities to help understand my goals for the contract as well as provide me with help after I signed the contract with financial planning services and access to their accounting team for tax reduction strategies. Knowing they can help me with student loan repayment, planning for a new home purchase and retirement planning is so relieving at a time when I'm in transition to my new job and have so many questions about my finances.In terms of salary review, they had amazing data tools to illustrate how the salary offer compared to other doctors with a similar location, experience level, subspecialty, and even productivity levels. There is no way I could have found information with this level of detail on my own.I needed a quick turn-around and they were able to review the contract and give feedback within just a couple of days.The whole process helped me negotiate my contact confidently and strategically, and I ended up getting a better salary offer. I couldn't recommend Dave & Steve Stratman for contract review services more. I also further have a meeting set with Dave to discuss disability insurance and continue our discussion about financial education and planning in the upcoming weeks.
Saurabh Singhal
Saurabh S.
Brilliant owner and staff. A delight to work with!
Amy Grewe
Amy G.
I currently do business with Physicians Thrive and they are by far one of the most stand up, do it right, integrity based organizations I've ever worked with. Their knowledge complimented by their unbeatable follow up is what makes them the best at what they do. Additionally I'm a HUGE fan of their mission to cure blindness... truly noble efforts on that from as well!
Derek Peterson
Derek P.
Extremely professional and passionate about everything they do. High integrity from owner and all staff.
Rick Magill
Rick M.
Great staff and down to earth. Can't say enough about this company and their staff!
Michael Wohlgemuth
Michael W.
Justin is a Rock Star! Professional, courteous, and an industry leader.
Brian Goracke
Brian G.
5 star service
Ryan Zink
Ryan Z.
Justin is fantastic to work with. He is knowledgeable and really listens. I highly recommend Justin and his team.
Stephen Lichter
Stephen L.
I am really pleased with this entire group. They work hard to keep you engaged and up to date with important aspects of financial stability that we often times put on the back burner given our very busy schedules. They are passionate about their job and they do not use a cookie cutter approach. Each individual or family is unique and they tailor your needs to your specific situation. I have been working with them for 7 years and they have always been very helpful and professional.
Andrew Coughlin
Andrew C.
Justin Nabity of Physicians Thrive has been representing my family for over four years. We could not be happier with the service he provides for us and our financial peace of mind. From helping with my wife's contract negotiations and ensuring we have enough insurance coverage to establishing a living will and trust for our kids, Justin has been instrumental in guiding us through the process of protecting my family's financial future. Thank you, Justin!!!
Robert Terp, Jr.
Robert Terp, J.
My husband and I have been with Justin since my husband was a fellow. He has helped us navigate life insurance, disability insurance and financial planning. Over the years, he has become not only our financial planner but a friend. I recommend Justin and Physicians Thrive to physicians and non physicians anytime someone mentions needing a financial planner!
Amanda Breard
Amanda B.
The team members at Physicians Thrive are highly committed to the success of their clients. They all go above and beyond and exceed client expectations.
steven stratman
steven S.
I have been very pleased with Physician's Thrive. Their representatives are always responsive and helpful. Michaela is pleasant and eager to help. Even if something is outside of her scope, she will talk to her colleagues or do some research to help provide guidance. It is great to have one reliable place to go for a wide range of services. I highly recommend them to anyone who asks.
Ealena Callender
Ealena C.
Great company to work with, helped me set up own occupation disability insurance and were very helpful and great at explaining things along the way.
Nick Peacock
Nick P.
Great people and great company
gifhack
gifhack
What an amazing, honest and successful firm. Thank you!
Derrick Eells
Derrick E.
This firm does a tremendous job for their clients!
Harry Archer
Harry A.
First class perofessionals. Dedicated to doing what is right for their clients.
Guy Baker, PhD, MBA, MSFS
Guy Baker, PhD, MBA, M.
A team that has vision, passion and care for their clients. Appreciate the philanthropic mission in giving back to others.
Jeff Barclay
Jeff B.
Justin is so knowledgeable, professional, and easy to work with. I cannot recommend him and his company highly enough.
Morgan D.
Morgan D.
We've been using these guys for about 7 years now and wouldn't think of going anywhere else. Great people, trustworthy as can be. Just really glad we came across them.And...if you're a pilot they can set you up w/ the right kind of insurance 😉
Jeremy Aspen
Jeremy A.
Justin and his team are top notch and provide a level of specialized service that is not found very often.
Aaron Moser
Aaron M.
This is an excellent company that is driven by purpose. I really admire what Justin and his team are doing for Physicians and the community.
Curt Drew
Curt D.
Justin Nabity is an excellent business leader with high integrity and the best interests of his clients front of mind. I have learned a lot about Justin while working with him on the board of the Entrepreneurs Organization
Dan Hemphill
Dan H.
If you are a physician and need an advisory group please check these guys out! They help many make confident financial choices everyday in everything from contracts, insurance to retirement planning. So awesome to have a financial company specialize in a group instead of go for the masses.
Lallenia Birge
Lallenia B.
Very forward thinking company that is client focused with strong community awareness
Shawn Kolterman
Shawn K.
Fantastic resource. incredible value provided to our clients. Cannot recommend Justin strongly enough.
hunter ewing
hunter E.
This is such a great company with an amazing vision for the future! The owners are very focused and hardworking!
Sierra Kroeker
Sierra K.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

Physicians Thrive Reviews

My first time working with Physicians Thrive was for a contract review, and I was really impressed by the expertise of their team. It was obvious Dave (the financial advisor) and Steve Stratman (the attorney) had worked with hundreds of physician contracts, because they were able to identify potential trouble areas quickly and explain how different clauses could negatively affect my work. They also asked me about my professional, financial and personal priorities to help understand my goals for the contract as well as provide me with help after I signed the contract with financial planning services and access to their accounting team for tax reduction strategies. Knowing they can help me with student loan repayment, planning for a new home purchase and retirement planning is so relieving at a time when I'm in transition to my new job and have so many questions about my finances.In terms of salary review, they had amazing data tools to illustrate how the salary offer compared to other doctors with a similar location, experience level, subspecialty, and even productivity levels. There is no way I could have found information with this level of detail on my own.I needed a quick turn-around and they were able to review the contract and give feedback within just a couple of days.The whole process helped me negotiate my contact confidently and strategically, and I ended up getting a better salary offer. I couldn't recommend Dave & Steve Stratman for contract review services more. I also further have a meeting set with Dave to discuss disability insurance and continue our discussion about financial education and planning in the upcoming weeks.
Saurabh Singhal
Saurabh S.
Brilliant owner and staff. A delight to work with!
Amy Grewe
Amy G.
I currently do business with Physicians Thrive and they are by far one of the most stand up, do it right, integrity based organizations I've ever worked with. Their knowledge complimented by their unbeatable follow up is what makes them the best at what they do. Additionally I'm a HUGE fan of their mission to cure blindness... truly noble efforts on that from as well!
Derek Peterson
Derek P.
Extremely professional and passionate about everything they do. High integrity from owner and all staff.
Rick Magill
Rick M.
Great staff and down to earth. Can't say enough about this company and their staff!
Michael Wohlgemuth
Michael W.
Justin is a Rock Star! Professional, courteous, and an industry leader.
Brian Goracke
Brian G.
5 star service
Ryan Zink
Ryan Z.
Justin is fantastic to work with. He is knowledgeable and really listens. I highly recommend Justin and his team.
Stephen Lichter
Stephen L.
I am really pleased with this entire group. They work hard to keep you engaged and up to date with important aspects of financial stability that we often times put on the back burner given our very busy schedules. They are passionate about their job and they do not use a cookie cutter approach. Each individual or family is unique and they tailor your needs to your specific situation. I have been working with them for 7 years and they have always been very helpful and professional.
Andrew Coughlin
Andrew C.
Justin Nabity of Physicians Thrive has been representing my family for over four years. We could not be happier with the service he provides for us and our financial peace of mind. From helping with my wife's contract negotiations and ensuring we have enough insurance coverage to establishing a living will and trust for our kids, Justin has been instrumental in guiding us through the process of protecting my family's financial future. Thank you, Justin!!!
Robert Terp, Jr.
Robert Terp, J.
My husband and I have been with Justin since my husband was a fellow. He has helped us navigate life insurance, disability insurance and financial planning. Over the years, he has become not only our financial planner but a friend. I recommend Justin and Physicians Thrive to physicians and non physicians anytime someone mentions needing a financial planner!
Amanda Breard
Amanda B.
The team members at Physicians Thrive are highly committed to the success of their clients. They all go above and beyond and exceed client expectations.
steven stratman
steven S.
I have been very pleased with Physician's Thrive. Their representatives are always responsive and helpful. Michaela is pleasant and eager to help. Even if something is outside of her scope, she will talk to her colleagues or do some research to help provide guidance. It is great to have one reliable place to go for a wide range of services. I highly recommend them to anyone who asks.
Ealena Callender
Ealena C.
Great company to work with, helped me set up own occupation disability insurance and were very helpful and great at explaining things along the way.
Nick Peacock
Nick P.
Great people and great company
gifhack
gifhack
What an amazing, honest and successful firm. Thank you!
Derrick Eells
Derrick E.
This firm does a tremendous job for their clients!
Harry Archer
Harry A.
First class perofessionals. Dedicated to doing what is right for their clients.
Guy Baker, PhD, MBA, MSFS
Guy Baker, PhD, MBA, M.
A team that has vision, passion and care for their clients. Appreciate the philanthropic mission in giving back to others.
Jeff Barclay
Jeff B.
Justin is so knowledgeable, professional, and easy to work with. I cannot recommend him and his company highly enough.
Morgan D.
Morgan D.
We've been using these guys for about 7 years now and wouldn't think of going anywhere else. Great people, trustworthy as can be. Just really glad we came across them.And...if you're a pilot they can set you up w/ the right kind of insurance 😉
Jeremy Aspen
Jeremy A.
Justin and his team are top notch and provide a level of specialized service that is not found very often.
Aaron Moser
Aaron M.
This is an excellent company that is driven by purpose. I really admire what Justin and his team are doing for Physicians and the community.
Curt Drew
Curt D.
Justin Nabity is an excellent business leader with high integrity and the best interests of his clients front of mind. I have learned a lot about Justin while working with him on the board of the Entrepreneurs Organization
Dan Hemphill
Dan H.
If you are a physician and need an advisory group please check these guys out! They help many make confident financial choices everyday in everything from contracts, insurance to retirement planning. So awesome to have a financial company specialize in a group instead of go for the masses.
Lallenia Birge
Lallenia B.
Very forward thinking company that is client focused with strong community awareness
Shawn Kolterman
Shawn K.
Fantastic resource. incredible value provided to our clients. Cannot recommend Justin strongly enough.
hunter ewing
hunter E.
This is such a great company with an amazing vision for the future! The owners are very focused and hardworking!
Sierra Kroeker
Sierra K.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

Ready for Review?

Whether you’re entering a new contract or exiting an old one, renegotiating an annual review or transitioning into a partnership, the experts at Physicians Thrive can take care of your review.