- Joined
- Oct 4, 2003
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I know that a lot of you boys and girls are looking for jobs now. The whole proscess can be a little intimidating. I have a few thoughts as I look back on the process.
1. Find an attorney who concentrates his/her practice in health care law. Many lawyers will review your contract and miss clauses that will hurt you. They may miss things because they are not familiar with the practice and culture of medicine.
2. Restrictive convenants are usually enforceable. If you do not want to held to a noncompete clause try to get it removed. Fighting a restrictive covenant can be costly. A friend of mine spent 30k. His former employers eventually dropped the suit. A good attorney may attempt to make a restrictive covenant reasonable.
3. Speak to former employees/physicians from the practice.
4. Stay away from hospital guarentees if you are signing with a practice. Many salary guarentees merely place cash in the pockets of the practices' partners. Many docs end up stuck in an undesireable ares after the first year is up.
5. If you are in a hospital based specialty, stay away from hospitals in financial problems. Avoid hospitals on the verge of being sold. All contracts will be renegociated by the new buyer.
6. Stay away from dinky hospitals. Being on staff at a hospital with a bad rep can hurt yours.
7. Seek the advice of someone who will hold your confidence.
8. If it sounds too good to be true you may be dealing with a lier.
9. The highest paying offer may not always best the best one.
10. Try to get them to pay your tail coverage. Chances are, you will not spend your entire career at one practice.
11. Please do your homework.Physicians as a group tend to prey on each other. Checking things out may save you some pain down the road.
12. Do not believe them when they tell you that they will not try to enforce something in the contract, they will. " Oh I just put that in because my lawyer insisted on it." The purpose of the contract is to protect the practice. Your job is to lessen the negative consequences on you if/when things sour.
13. Do not buy a house right off the bat.
14. Your your God given common sense. No one will give you anything for free.
15. Partnership is not always worth it. It can vary depending on the specialty.
Beware of expensive buy-ins schemes.
I am by no means an expert but I have been through a few things and I have seen friends go through crap.
Good luck
CambieMD
1. Find an attorney who concentrates his/her practice in health care law. Many lawyers will review your contract and miss clauses that will hurt you. They may miss things because they are not familiar with the practice and culture of medicine.
2. Restrictive convenants are usually enforceable. If you do not want to held to a noncompete clause try to get it removed. Fighting a restrictive covenant can be costly. A friend of mine spent 30k. His former employers eventually dropped the suit. A good attorney may attempt to make a restrictive covenant reasonable.
3. Speak to former employees/physicians from the practice.
4. Stay away from hospital guarentees if you are signing with a practice. Many salary guarentees merely place cash in the pockets of the practices' partners. Many docs end up stuck in an undesireable ares after the first year is up.
5. If you are in a hospital based specialty, stay away from hospitals in financial problems. Avoid hospitals on the verge of being sold. All contracts will be renegociated by the new buyer.
6. Stay away from dinky hospitals. Being on staff at a hospital with a bad rep can hurt yours.
7. Seek the advice of someone who will hold your confidence.
8. If it sounds too good to be true you may be dealing with a lier.
9. The highest paying offer may not always best the best one.
10. Try to get them to pay your tail coverage. Chances are, you will not spend your entire career at one practice.
11. Please do your homework.Physicians as a group tend to prey on each other. Checking things out may save you some pain down the road.
12. Do not believe them when they tell you that they will not try to enforce something in the contract, they will. " Oh I just put that in because my lawyer insisted on it." The purpose of the contract is to protect the practice. Your job is to lessen the negative consequences on you if/when things sour.
13. Do not buy a house right off the bat.
14. Your your God given common sense. No one will give you anything for free.
15. Partnership is not always worth it. It can vary depending on the specialty.
Beware of expensive buy-ins schemes.
I am by no means an expert but I have been through a few things and I have seen friends go through crap.
Good luck
CambieMD