As residents, we enjoy a rather sheltered life. We work hard, read digest and debate cutting edge medical research and studies, and try to do a darn good job taking care of patients. The one thing we don’t do? Learn the business of medicine. While some residents will go on to continue in academia, the majority will emerge to engage in one or the other form of private practice. All these endeavors involve a crucial legal document – the contract, made between the employer and the prospective employee i.e. You! The employer can be a hospital, a private group or even a solo practitioner trying to hire a partner. In this post, we share our thoughts about negotiating your first physician contract.
While this post will ramble on, perhaps in multiple parts, there are two extremely important observations that need to be put out right now to emphasize their importance: (more…)
