Financial Residency Physician Contract Review Mistakes Newbies Make
10 snips
Jul 8, 2019 
Kyle Claussen, President of Resolve and expert in physician contract review and negotiation, breaks down common contract risk areas like compensation, termination, and day-to-day terms. He covers vesting and signing bonus pitfalls, how non-competes are judged and negotiated, the need to get schedules and locations in writing, and compensation benchmarking trends.
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Shorten And Prorate Bonus Vesting
- Shorten vesting schedules and ask for prorated forgiveness by month to avoid big repayment shocks.
- Clarify tax treatment and repayment mechanics to prevent cash and amended-tax-return problems.
Carve Out And Limit Non-Competes
- Inspect non-competes for time, geographic radius, and scope and demand carve-outs for employer-terminated or contract-expiration scenarios.
- Push to limit duration and miles based on population density and specialty to preserve future leverage.
Client Blocked From Practicing Across Southern California
- A client faced a 60-mile non-compete while bonuses required work within that same radius, effectively blocking most of Southern California.
- The mismatch showed how geography clauses can strangled future options and earnings.
