Physician Contract Review
There are many steps to take in the job search process. After you have identified a job and feel as though you've found a practice you'd like to join, you will most likely be sent a proposed contract. Without any doubt, this is something that you should have reviewed by an attorney. Though, you should make sure you're engaging a lawyer that has experience with physician contracts.
There are many nuances to physician contracts which you should be aware of and therefore should have a lawyer go through all the details of the contract to assure that your interests are protected. Some of these include, but are not limited to: non-compete clauses, buy-ins and partnership tracks, productivity measurements, bonuses, call, vacation, CME, etc. Hiring a lawyer is a small investment in your future.
I have gotten to know Justin Nabity at Physician Advisors, LLC over the past year or so. Physician Advisors specializes in reviewing physician contracts. Justin spends a lot of his time travelling around the country speaking to residents, fellows, and practicing physicians just on the topic of physician contracts. Physician Advisors connects physicians with lawyers in their respective states that specialize in physician contract review. It is important to have a lawyer review your contract who is credentialled in the state in which you plan to work, as laws are different from state to state.
There are no CPT codes with respective payment amounts for contract review. Lawyers have that wonderful concept of "billable hours." If you are not careful, you can run up a big bill easily with multiple revisions of a contract.
Physician Advisors has made the process of physician contract review easy and stream-lined. They have put their contract-review processes into fix-priced packages so physicians know exactly what they will pay and what they will receive in return. Their packages start as low as $300. You can review more info on these here.
Justin will start sharing some of his knowledge and advice on these topics, in the form of periodic blog posts on this site, so you'll want to look out for those in the future.
If you are currently in the process of reviewing a contract or several contracts, you might want to consider giving Justin a call and see if they can be of help to you.
They also offer discounts for residents and fellows.
To contact Justin to learn more, you can email him at: firstname.lastname@example.org or call him at 877-744-9474 Ext. 107.