Why do hospitals contract doctors?
For example, compensating physicians through a production-based model that encourages them to increase visits, procedures, or hospital admissions, while value-based insurance contracts (like those for accountable care organizations) demand reducing them could damage the overall performance of the health system.
Who is the best doctor to negotiate a contract with?
Mark Smith, president of Merritt Hawkins & Associates, a leading physician staffing firm and, like Staff Care, a company of AMN Healthcare, shares his insights into how to negotiate a physician contract with these seven key considerations. There are now a variety of surveys available that track physician compensation by specialty.
Can a new doctor ask for a contract?
Many new physicians are uncomfortable asking questions because they may not have much knowledge of contracts or the business of medicine. Generally, this isn’t taught in medical school or residency. But new physicians should feel no compunction about asking for definitions of terms or probing for specifics. Of course, it helps to know what to ask.
Is there a noncompete clause in a hospitalist contract?
A hospitalist was recently offered a lucrative position in his community and was concerned that his previous employment agreement would prohibit him from accepting the new job opportunity. His former employment contract contained a noncompetition clause that made him and his prospective employer rightfully concerned.
What should I know about physician employment contract?
This guide discusses the selection and employment contracting process that follows the identification of a suitable opportunity. It is intended to assist both individual physicians seeking employment and physician groups recruiting a physician. Starting salary is a relevant but hardly the most important factor in the selection process.
When is it time to negotiate a physician contract?
One of the most important parts of any physician job search comes right at the end — when it’s time to negotiate the physician contract. However, it’s the part that many physicians are the least comfortable with. Once you receive an attractive offer, you may be tempted to just accept it, sign a contract, and get to work.
This guide discusses the selection and employment contracting process that follows the identification of a suitable opportunity. It is intended to assist both individual physicians seeking employment and physician groups recruiting a physician. Starting salary is a relevant but hardly the most important factor in the selection process.
Where can I find information on physician contracts?
Attorneys, firms, and staffing agencies like CompHealth that review a large volume of contracts can share insights on the trends they are seeing among physicians they’re staffing in your specialty and geographic area. Some firms may also be able to share comparative compensation data from sources like MGMA.
What to consider when hiring a new physician?
Physician practices hiring a new physician should consider whether or not the candidate has previously worked in the geographic area, or a similar environment, may be an indicator of the physician’s willingness to stay long term. Reference checking on a local candidate also tends to be much easier. Practice Culture 4