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Understand every clause in your physician employment contract
Your guaranteed annual salary or the compensation formula (salary + productivity bonus, pure RVU, etc.).
Restricts where you can practice after leaving. Defines geographic radius and time period.
How either party can end the contract, including notice periods and consequences.
Who pays for malpractice insurance and, critically, tail coverage when you leave.
Health insurance, retirement contributions, disability, life insurance, and other benefits.
Expected work hours, call frequency, weekend coverage, and compensation for extra call.
Continuing medical education allowance, conference time, PTO, and sabbatical options.
For private practice: timeline and terms for becoming a partner or equity holder.
Physician employment contracts are complex legal documents with significant financial implications. Understanding key clauses like non-compete restrictions, tail coverage, and compensation structures is essential before signing.
Common pitfalls include accepting below-market compensation, overlooking tail coverage responsibilities, and agreeing to overly restrictive non-compete clauses. Always have a healthcare attorney review your contract before signing.
This tool provides general information about physician employment contracts and is not a substitute for legal advice. Always consult with a healthcare attorney before signing any employment contract.