Financial Residency Should Physicians Get Their Employment Contracts Reviewed?
10 snips
Nov 6, 2018 
John Apino, founder of Contract Diagnostics and physician contract expert, offers flat-fee reviews and negotiation coaching. He walks through compensation, duties, termination and non-compete pitfalls. Short contracts, call definitions, malpractice and tail insurance get special attention. Practical tips on documenting verbal promises and when to push for clearer terms.
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Always Review Your Contract
- Do get your employment contract reviewed by a professional before signing because it governs millions in future earnings.
- Understand duties, compensation, termination, and post-termination provisions to avoid costly surprises.
Contracts = Expectations
- Contracts are fundamentally about mutual expectations: duties, pay, and what happens if either side fails.
- Reviewing clarifies ambiguous terms like schedule, call, administrative time, and bonus mechanics.
Spell Out Compensation Terms
- Do insist on granular compensation language: base salary, guarantees, bonus formulas, metrics, and payment timing.
- Ask how bonuses are calculated and when they're paid to avoid misinterpretation.