Hello,
I am a graduating senior and am having an interview coming up. I was wondering if someone can shed some light into what kind of questions I should be asking after the interview. I know it's tacky to ask about wages and vacation time, but what about benefits, etc.
Thanks for your replies.
It's not tacky at all to ask wage, benes, vaca time, etc at all.
Things to DEFINATELY ask/get out in the open(in no particular order)
- Compensation (salary vs. %production or % collection)
- Continuing Ed allowances (both time and $$)
- License fees (who pays them)
- Lab fees (who pays them)
- Vacation (how much, paid or unpaid)
- Future buy-in potential? If so, try and get a set time as to when a written partnership contract will be on the table, and how the practice will be valued for buy in purposes
- Patient selection - will the owner take all the "good stuff" and leave you with the "leftovers?"
- Hygiene checks, will you get compensated for them, and if so how much (i.e. all the exam fee, a % of the exam fee, etc)
- Restrictive covenant upon leaving?
- Treatment philosophy of the owner Doc(s)
- # of new patients per month average over the last 2 years
- Why is the owner doc(s) looking for your help(too big a practice now, Senior doc "slowing down", satellite office, etc)
- What is the gross revenue of the office over the last 5 years (gives you a good trend as to what the "health" of the practice is
- Previous associates? and if so why did they leave? (if this office has had many associates who've left after a shortish amount of time, that's not a good sign
- New technology/instruments for you and what basic materials do they currently use?
All these may seem a bit "invasive" to ask on an interview, but as an owner doc, personally I wouldn't have a problem answering any of them, and I did ask just about all of them back when I was interviewing. These are just basic things that you need to know to make a solid business descision!