PracticeLink Survey Finds Physicians Lack Education About Employment Contracts and Negotiations

Share Article

Physicians must make many important career considerations when reviewing their employment contracts, but a recent survey shows they need more education to be informed contract negotiators.

News Image
The survey, conducted by the PracticeLink Physician Relations Team, found that 31 percent of physician respondents didn’t plan to seek a skilled health care attorney’s counsel in review of their employment contracts.

The survey, conducted by the PracticeLink Physician Relations Team, found that 31 percent of physician respondents didn’t plan to seek a skilled health care attorney’s counsel in review of their employment contracts.

The majority of respondents also stated they feel they need more education about several specific areas of their contracts:

  •     67% said contractual terms
  •     60% gap/tail insurance
  •     55% ownership/partnership terms
  •     55% restrictive covenants and non-solicitation clauses
  •     50% benefits (i.e. health, dental, malpractice insurance, etc.).

Though physicians complete rigorous training to learn the clinical aspects of their jobs, they rarely receive substantial training on the business aspect of their careers, including negotiations of legal contracts.

PracticeLink Magazine’s third annual Contracts and Compensation Issue, out now and available at http://magazine.practicelink.com/i/385564, provides physicians with the contract negotiation resources and know-how they don’t gain in medical school and residency.

In the Contracts and Compensation Issue, Dennis Hursh, a Pennsylvania health care law attorney, says that most new physicians skip the contract negotiation step, estimating that fewer than 10 percent of first contracts are negotiated. He estimates that that number grows to approximately 60 percent for subsequent contracts.

Taking the time to have an experienced health care law professional review an employment contract can go a long way in helping physicians fully understand what their employer expects.

About PracticeLink Magazine
PracticeLink Magazine is a quarterly print and digital career advancement publication for physicians. Each themed issue provides relevant, compelling content on topics including contracts and compensation, quality of life, job searching and interviewing. The magazine is the American Society of Healthcare Publication Editors winner of Publication of the Year.

About PracticeLink.com
PracticeLink.com is the most widely used online physician job bank. More than 20,000 physicians and advanced practitioners register with PracticeLink.com each year in their search for a new job, and thousands more search the Job Bank confidentially when looking for a new practice. More than 1,000 recruiters representing more than 5,000 health care facilities nationwide use PracticeLink to recruit physicians and other health care providers.

PracticeLink is headquartered in Hinton, W.Va., and also maintains offices in St. Louis and Louisville, Ky.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Laura Hammond
PracticeLink
+1 502-272-3836
Email >

Amber Mullaney
Visit website