1st step towards analyzing your job contract as a Hospitalist

Before you sign your contract, read following:

1. Analyze your contract and each word of it carefully, each word means every single word. Ideally, get it evaluated by qualified attorney. Just to give you one simple example, I was planning to join a private doctor to serve as a Hospitalist for his inpatient population. The contract looked very good except there was one simple line as follows.

"Hospitalist practice is expected to generate xxxx amount of dollars every year, any short fall will be adjusted at the end of year"

My attorney, who was very smart pointed this out and asked me to get it removed from the contract, the ramifications could be as follows. At the end of year when you sit down for your discussion of production bonus and other incentives, you will be told that there were xxx amount of expenses for Secretary, Medical record system, office maintenance etc. and you may actually need to pay some money back. This has happened in past to young physicians or they are forced to work without bonus or incentives, because legally they are in limbo.

2. DO NOT SIGN CONTRACT, RATHER LET THEM KNOW THAT YOU ARE WILLING TO WORK FOR A SHORT TERM CONTRACT OR WORK AS A LOCUM TILL YOU ARE ABSOLUTELY COMFORTABLE WITH THE PLACE OF WORK.

3. Do not rush into signing contract fearing that a good opportunity will go away. Currently job market for Hospitalist is very good and is expected to do well atleast for next couple of years. If you miss one opportunity, you will find another one but if you end up with a wrong one, you will regret it so much and probably continue to live the life of a resident.

I hope you enjoy this first informative post. More to follow...

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MDsuggests