Have you just graduated from medical school and landed your first job? Congratulations! Before signing on the dotted line, however, you would be well-advised to ensure that your contract covers all your rights, terms, and conditions that you are entitled to under employment law. Taking the advice of leading lawyers for physician contracts, here at The Edge Research, we recommend that you check the following:
1. Job expectations and responsibilities
This should include details such as the medicine you practice, your work schedule- days, hours, and weekend shifts, additional administrative duties, availability for on-call, and job location. This is of particular importance if your role is based on multiple sites.2. Compensation
For most new doctors, the salary rate is fixed. More senior physicians may charge their services at variable rates. You will need to check whether or not your salary is linked to performance targets, such as seeing a certain number of patients per month.3. Benefits
This includes health, dental, and vision checks, paid vacations, personal days, parental leave, and financial benefits such as life insurance.Some employers also help with liability and disability insurance and even student loans.
4. Malpractice Insurance Provision
This covers things such as your employer taking responsibility for any liability if someone sues you even after you have left the post.5. Termination provision- is it with or without cause?
If your termination provision is without cause, you can be fired for no reason.If you have a cause provision in your contract, your employer will need specific, legitimate reasons to fire you, for example, if you lose your practitioner’s license or board certification.
6. Notice period
Your contract needs to state the amount of notice required before leaving your job. Some employers require one or two months, while others insist on a year. The contract must also tell you what legal action you would be subjected to if you left without honoring these terms.Ways in which a contract lawyer can help you
- Deciphering complex legal jargon that can be very difficult to work through.
- Identifying missing elements and negotiable clauses to help you get the best possible deal from your employment.
- Protecting you against inflation by ensuring that your wages rise in line with the cost of living.
- Ensuring non-competition clauses do not include unreasonable restrictions