How important is it for you to hire an attorney to review your employment contract? One word. EXTREMELY. Without having an experienced attorney who specializes in physician contracts and who is licensed in the state you plan to practice, you may end up signing away your life for what is comparably a low investment of time and money. Okay, you won’t literally be signing away your life, but this can make it quite challenging for yourself and your future.
Contract laws vary from state to state so it will benefit you greatly to consult with an expert. It is vital to hire an attorney that is well-versed on this topic and is able to review everything including aligning your expected duties with the market, termination clauses, liability insurance, non-compete requirements, etc.
Most notably, make sure you hire an attorney who specializes in contract law and healthcare. Hiring your friend who happens to be a real estate attorney may seem like a cheaper alternative upfront but could have major implications in the long run.
Expect to pay $250-$1500 or more to have someone review your contract. Don’t be afraid to ask as attorney for an estimated cost and to require the attorney to notify you if the cost is about to exceed the estimate. While this might seem expensive, a good attorney can protect you from issues that could cost you a great deal more down the road. Reach out to colleagues or professional associations to see if they have any recommendations.
We recommend asking for any legal opinions in writing. Go through your entire contract with your attorney and determine which items need further clarification or negotiation with your hiring practice. All changes you request of the practice should be presented at one time, so be certain you are clear in your requests with your attorney. Remember, each time a contract is altered there is a cost associated on both sides. Lastly, negotiate directly with your hiring practice. This is a great opportunity for you to assess how the practice negotiates and handles suggestions for change. This can set the tone for future discussions.
If you have any questions on how to go about hiring a healthcare attorney or have any other questions regarding physician contracts, please e-mail us at email@example.com.