Iowa Annotated Model Pro-Employer Physician Employment Agreement

State:
Multi-State
Control #:
US-03820BG
Format:
Word; 
Rich Text
Instant download

Description

The purpose of this form is to provide information concerning issues commonly
presented in physician employment contracts. In this model employment agreement, the wording of possible clauses is laid out with explanatory comments given below each clause.
This model is not intended to be used verbatim. The language in an actual contract will be the product of negotiations between the parties and will reflect the specific employment situation.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement
  • Preview Annotated Model Pro-Employer Physician Employment Agreement

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FAQ

To be legally binding, an employment contract must include an offer, acceptance, and consideration. Additionally, it should clearly state the roles, responsibilities, and compensation. Consulting the Iowa Annotated Model Pro-Employer Physician Employment Agreement can provide clarity on these essential elements.

Compensation elements in physician employment contracts may cover a few areas....You may include benefits in your physician employment contract or agreement, such as:Retirement,Health insurance,Disability,Reimbursement for travel or continuing medical education,Paid time off,Vacation, and.Sick pay.

First, most physicians who are simply leaving a job will terminate a contract without cause. To do this, the physician must review the contract and find out how much notice is required. In a physician employment agreement, this is typically around 90 days but could be longer or shorter.

Ask about sign-on bonuses, relocation, continued education, income guarantees, profit sharing, incentive structures, buy-in structures, partnership potential, and long-term potential for the position. What type of malpractice does the group or facility have?

Tips for Doctors on How to Negotiate Reimbursement Rates with Health Care PlansAnalyze strengths and weaknesses.Maintain data about utilization, revenue, and expenses.Measure quality.Regularly survey patient satisfaction.Rank referring physicians by frequency and type of referrals.More items...

Salary Negotiation Tips 21-31 Making the AskPut Your Number Out First.Ask for More Than What You Want.Don't Use a Range.Be Kind But Firm.Focus on Market Value.Prioritize Your Requests.But Don't Mention Personal Needs.Ask for Advice.More items...

As an employed physician, your contract should include a detailed description of what is expected from you. This includes the type of medicine being practiced, the amount of hours you are expected to work, your availability and on-call hours, outpatient care duties or administrative duties.

The term of the employment agreement refers to how long the contract lasts. The length of most physician employment agreements is between 1 to 3 years with automatic renewal after the initial term ends.

Research what bonuses your peers in similar positions receive. Leverage your experience and value to get the best deal. Be willing to negotiate. Consider your overall compensation package (especially if the offer includes a better salary over time than competing offers with higher signing bonuses).

Here are seven critical provisions for successful physician employment contracts.Obligations of the employed physician.Compensation agreement.Required training and/or peer review standards.Provider-payor agreement.Confidentiality and nonsolicitation agreements.Non-competition agreement.Termination clause.

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Iowa Annotated Model Pro-Employer Physician Employment Agreement