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Introduction: It's important for physicians to understand the legal aspects of their employment contracts.
Guest speaker: Michael Johnson, an experienced lawyer who specializes in physician contracts.
Three crucial things physicians should know before signing a contract:
Residency contracts are typically non-negotiable, but it's important to find out if your contract allows for moonlighting.
For your first attending contract, it's essential to start familiarizing yourself with the kind of contract you're looking for and making the necessary calls from the spring of the previous year.
If you're on a visa, it's important to understand the timeline and how to terminate your contract to avoid complicated litigation.
Compensation: Physicians should carefully review their contracts to prevent employers from exploiting loopholes. A good contract should be easy to understand, and a lawyer can guide physicians to negotiate for a phantom hourly rate for a fixed set of responsibilities.
Johnson advises physicians to reach out to colleagues and ask questions before signing a contract.
Conclusion: Understanding physician contracts is crucial for every physician, and working with a lawyer who specializes in physician contracts can provide valuable insights and guidance. Physicians should carefully review their contracts, ask questions, and seek legal help if needed to protect themselves and their careers.
You can reach out to Michael Johnson esq. via:
His Instagram @physicancontracts
His website physiciancontracts.com.
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