Read about steps 1 and 2 in Part 1 of this series here.
Right now, your number one priority is, very understandably, focusing on your medical school workload. Still, it’s never too early to start thinking about your job search. There are easy steps you can take now that will prepare you for your job search and give you a competitive advantage when it’s time to start applying.
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Negotiating Your First Contract As A Physician
One of the most common mistakes young physicians make when taking a job is accepting … Read more
Physician Employment Contracts: The Good, The Bad and The Ugly
In both hospital[1] and group practice settings, physicians are regularly asked to sign employment contracts that the group or hospital may describe as “standard”. While physician employment contracts can define the terms of the employment relationship in helpful ways, they can and often do contain clauses and obligations that may have a long-lasting impact on the physician. When negotiating a contract with a potential employer, physicians are well advised to take a hard look at key contract terms, including termination provisions, non-compete clauses, professional liability insurance terms and indemnification obligations, and negotiate to remove or revise overly burdensome terms prior to the start of the employment relationship.
The Important Considerations for Starting a Career in Medicine
You’ve finally finished all those years of training and now it’s time to make a decision second only to choosing a spouse—what you will do for the rest of your life. You’re probably thinking about salary and getting rid of debt, but those are secondary issues. First of all, your employment choice should fit with your long-term vision and plan for you and your family. Second, you should fit into the culture of your future practice or organization.
Long-term plan, what long-term plan? I’ve just been trying to make it through all these years of residency. Probably so, but now it’s crucial to think down the road at least ten years. Make sure that what you do next year gets you to your desired future. What do you want to be doing in ten years? Private practice? Hospital employee? Academics? Where? Does the proposed location meet the needs of your spouse and family?