Some of the most commonly negotiated financial aspects include salary, bonuses, relocation expenses, and paid time off. All written content is for information purposes only. We’ll help you create a customized plan that takes your specific needs into account, ensuring you can enjoy financial independence throughout your retired years. Whether you have just finished your residency or you’re well into your career, most physicians will, at some point, have to sign a physician’s employment or partnership contract. I cannot recommend him and his company highly enough. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Do you want to soar at deposition? A lawyer will be able to provide you with the info you need to negotiate and, in some cases, may be able to handle the contract negotiations for you. Increase the visibility and adoption of well-being programs to our colleagues within UPMC. Physician employment contracts also describe what types of insurance you will be required to carry. Only 45.9% are physician owners with their own medical practice. Thank you, Justin!!! Access to Independently Contracted Attorney, Unlimited Consultations with Financial Advisor, Annual Access to MGMA Compensation Data and More, Compensation Audits for Your Entire Career, Option for Attorney to Negotiate on Your Behalf. Two of the most common ones are the non-compete clause and the non-solicitation clause. I highly recommend them to anyone who asks. A delight to work with! 200 Lothrop Street 99% of Physicians Thrive clients sign their contract after our contract review and negotiation process. Related: How to Ask for a Signing Bonus: A Full Guide for Physicians The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. I am really pleased with this entire group. We’re as transparent with our costs as our physicians are with their patients’ healthcare. Contact the UPMC Physician THRIVE Program at PhysicianTHRIVE@upmc.edu. In other cases, you’ll be responsible for paying for those insurance policies yourself. The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. The review process is also a chance to negotiate the terms of your contract. They work hard to keep you engaged and up to date with important aspects of financial stability that we often times put on the back burner given our very busy schedules. A contract review lawyer will do more than just read the contract and make sure everything is fair and just. Each individual or family is unique and they tailor your needs to your specific situation. Clinical Professor of Medicine, Department of Cardiology Independent contractors may only be paid for the services they provide, without a guarantee of a set salary. Keep in mind, your employer is under no obligation to meet any of your demands or requests. Nearly 50 percent of these cases are treatable, meaning 1 billion people could have their vision corrected with routine surgery or improved with prescription eyewear. It will also include what type of medicine you’ll be practicing and when and where you’ll do so. Physicians Thrive is the only contract review provider who gives physicians unlimited access to both a licensed attorney and a financial planner during the review & negotiation process. I’m very thankful and blessed to have them work on my behalf! I worked with Dave Swan recently for disability insurance. Additionally I'm a HUGE fan of their mission to cure blindness... truly noble efforts on that from as well! We have several free e-books and resources for physicians. To learn more, visit healthwise.org, See current and past Physician THRIVE events. Medical Director, Office of the Chief Medical and Scientific Officer A standard non-compete may restrict you from working within a certain distance of your employer’s location. Images and photographs are included for the sole purpose of visually enhancing the website. The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of Nebraska, Arizona, California, Florida, Texas or where otherwise legally permitted. Hiring a legal professional is the best way to ensure that you’re getting a fair deal. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by Physicians Thrive Investment Advisors, LLC a Registered Investment Advisor in the States of Nebraska, Arizona, California, Florida, Texas or where otherwise legally permitted. *Additional contract reviews must be purchased within 12 months. 412-647-8762 All written content is for information purposes only. These include links to websites operated by other government agencies, nonprofit organizations and private businesses. Read full bio. 200 Lothrop Street Your health can’t wait. To learn more, visit healthwise.org, Make sure our wellness initiatives for doctors align with. Not necessarily. Executive Vice Chair, Department of Plastic Surgery All written content on this site is for information purposes only. With a lawyer to conduct your contract review, you’ll be made aware of any portions of the contract that you can negotiate.

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