Physician Contracts: How to Negotiate Compensation and Obligations
SDN welcomes back Michael Johnson, Esq., Managing Attorney of Michael Johnson Legal for a discussion about how physicians can maximize their pay without sacrificing all their free time to contractual obligations. Learn more about Michael, his services and read his blog at https://www.michaeljohnsonlegal.com and follow on Instagram at @physiciancontracts!
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**Questions answered**
4:06 What are some of the pros and cons of practicing in Academics, Private Practice, and Hospital/Large Group employment settings?
14:25 Do you do practice valuation? Any tips about valuing a practice before buying into partnership?
27:04 At what point in the job search should physicians have legal counsel lined up for contract negotiation?
32:37 What is an RVU and why does it matter for my compensation? Do I want a flat salary, or should I want to be paid on production? What does "fee-for-service" mean?
40:08 Any tips for negotiating a competitive base salary and or with RVU? Do you use MGMA data?
52:50 Red flags for a "bad employer", i.e. common shady things/themes you see employers try to do?
58:20 Do you counsel physicians across the country or only specific locations/states?
Watch our first physician contracts webinar with Michael, "Physician Contracts: The Opposite of Match Day" here: https://www.youtube.com/live/Gds-JwauLfI
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