| ||What Should New Physicians Look For In a Contract?
What are the standard elements in physician contracts today? What are some of the terms with which new physicians should be familiar?
This section examines these questions, covering areas such as educational loan forgiveness, salaries, income guarantees, profit-sharing, non-competes and other topics.
Elements of a Contract:
Contracts will cover a variety of areas and generally will govern how you will be "incentivized." The contract often reflects the "behaviors" that the employer wishes to encourage, but you need to be sure it also reflects your interests and rights. Here are some basic terms and concepts with which you should be familiar.