What does the retirement plan look like? Required fields are marked *. What percentage of your portfolio do you reserve for "play money"? Can you talk a little bit about pay per call coverage? And this is the only group in town or this is one of 10 groups in town.” So having the backend story I think is also important. And it doesn't mean that we couldn't get creative with how a side letter could be provided to the physician to just set the expectations a little more clearly. So here's your salary and this includes you taking calls. Like I said, I think asking your peers, I think using social media to pose the questions to groups, I think is a great way. It's to get you there, get you going, get you in front of patients, have the patients be happy, provide good care and lots of good care to patients, have you stick around long-term, you guys have the same goals. I hear some people talk a little bit about having a one-year salary guarantee and then they're on some sort of RVU basis. Do you go to more academic times, signing bonuses, moving expenses, loan forgiveness? We see that in various states. Yeah, working a quarter time and getting full-time benefits from what I know the VA has really good benefits, but that sounds like a nice either part-time gig for anybody out there, or for someone who's doing a 1099 work, or just a good lifestyle to live.”. It's a pleasure. I think a fair question is, how often does someone in any department that you guys hire, cardiology or family practice, how often does somebody come off of a guarantee and go down in income? Now, I don't know if that's the standard contract or if that was specially negotiated. Jon Appino: I would say as long as they understand the importance of having their contract looked at, I would say whoever does it make sure they have a lot of reps and they know what they're doing and they understand how physicians are different. She'd been there for eight years. Do you ask them what would make you thrilled with my production? And she had no idea what that meant. All right, I got some feedback with thanking you guys for what you do on a daily basis. Clearly there are a lot of people who find it useful or they wouldn’t be in business and inspiring copycats. It was really a little bit of golden handcuffs if things didn't work out for either one of us. Can you talk a little bit about that? “No, no. I think it does depend on the group and what things you could do to show that you are worthy of partnership early. Welcome to the White Coat Investor Podcast, Jon. Resolve is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They should reach out to a company or to someone else to say, “This is my structure. So in the end, if you’re unhappy with the result or you get screwed, good luck getting any type of remedy. The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed is a must-read for all high income professionals. Can you tell us how you ended up doing it? After retiring early she now teaches physicians how to maximize the earning potential of their own practices and business initiatives. And we have seen hospitals then tell the physician, “Hey, here's your contract, we're excited to have you,” and there's no signing bonus when maybe typically they offer $20,000 or $30,000 for a signing bonus. But there are other sources out there than looking at a data set. She wouldn't let us put anything on her. So it generally has to be paid for up front. Yeah, has not been a year. You can find out more about him at contractdiagnostics.com, but this is a service that helps physicians to evaluate their contracts, to make sure they're not getting ripped off, to understand what's in their contracts, and if you so desire to even help you negotiate your contracts. We see some states changing how they view non-competes. And if you take an assignment and you're in an assignment and you think a permanent placement might make sense, then understanding the fee structure behind that… we had seen in some situations where someone's providing locum services to an account, that account wants to hire the physician, and of course, the locums agency has a contract with the account that says, “If you want to hire one of our people, you have to give us money, $20,000, $30,000 or typical rates for that. I had a great experience, gained a lot on my contract during negotiations, and plan to come back for future contracts with them. But I think that having it, knowing what you're going to get upfront and not having an hourly rate would be important. She who'd scream at it and fight you to do it. And those things should be very clear in agreement, and that physician shouldn't lose track of that over time. If you're the 25th hospitalist into a service line, or the 30th cardiologist into a hospital employee group, the situation might be different than if you're the only pediatric endocrinologist in a 300-mile radius in the Midwest. And I thought that I had it figured out with some recruiting company and then I didn't think that that was a good fit. So what's the schedule? I've given seven presentations in the last three days. If you breach this, you owe us damages,” and they're defined damages. And she said, “I love my patients, I love to practice, I get along great with my colleagues. And I want to say it was 170,000 bucks… $160,000, and two years out of training at even the most frugal White Coat Investor is not going to put together $160,000 of cash to buy a tail policy two years out of training with everything else that's pulling at you. And if that's the case, maybe they just don't have a good idea on how efficient physicians can be. Locumstory.com is the place where you can get real unbiased answers to your questions to answer basic questions like what is locum tenens to more complex questions about pay ranges, taxes, various specialties and how locum tenens works for PAs and NPs. They draw a line in the sand and say, “Look, I am not going to sign with this non-compete, period.” Sometimes we see flexibility there. So they may be non-negotiable as far as we're not changing the material terms. I'll give you the money.”. I don't know if it's an error rate of 1%. I was in the ER working a shift the other day and I had a lady come in from memory care in her 90s that had fallen ground-level fall and ended up with a type II dens fracture, C2 fracture. Maybe you need some equipment, maybe there's additional time off for flexible time, maybe you need more CME dollars to train yourself on something. Dr. Jim Dahle: I've had some healthcare attorneys argue that you have to have an attorney who actually litigates these things, do the review that a nationwide contract review service like yours is not adequate because you don't litigate these contracts. It's hard to sometimes put dollars and cents, and sometimes it might be there's no change to the base salary, but there's a change to the bonus structure, or there's a change to how the signing bonus is repaid, or there's a change to the amount of vacation time. So maybe you'll tell the employer, I will give you a dollar amount to buy my way out. You will learn tools to help you be more focused in your negotiations. Jon Appino: Now, if there's something that a physician needs or wants and there's not… they've said, “Look, we don't negotiate, we don't modify, we don't change anything,” Sometimes there'll be success instead of asking for modifications to the contract because you know the answer is no. So they kind of owned the mistake and said, “We'll take it for the first year, and we'll reevaluate it for next year.” So I was happy about the employer and how they handled it knowing they could have handled that differently. So it's changed a lot over time, and I think it's almost the best of what we have available for a lot of people. In addition, there is never a conflict of interest with your hiring employer – we only work for you, the physician. This is not someplace to cheap out when it comes to your personal finances. And they're formulating new compensation plans right now to be rolled out January of this year in certain employer situations, certain models. Burnout is a big risk to your finances. Your email address will not be published. If you are a physician reading this review, The White Coat Investor provides an excellent step-by-step guide through every phase of your financial … Feedback from people I have referred to this company and its competitors has been excellent over the years. I wouldn't want to find out.”. We kept it at what was a 1.0 for the department. If you breach this, you owe us damages,” and they're defined damages. Then can I be a partner in the first year instead of waiting for two years? What does the retirement plan look like? She was able to have a conversation with them, and they honored the contractual terms that they signed to. Not sure what that means practically speaking. And then there’s the big question: Is it right for you? So we've seen a big shift. But I would never discourage anybody from getting a local attorney to look at a contract for sure. © 2021 - The White Coat Investor – Investing & Personal Finance for Doctors, Refinance Medical School Loans & Consolidation Guide, Fire Your Financial Advisor Online Course. I thought an interview with him about physician contract reviews would be interesting to readers. I will be joining a division that is part of a > 80 provider group. We always want to make sure that the contract is clear on what the call is and we like it when it's capped. 4.0 out of 5 stars The title" The White Coat Investor" is a bit misleading, much of the book is about personal finance. When you have a choice between two legal tax alternatives, choose the one which results in the lowest tax. putting a metric in for having a physician assistant as a surgeon, so how busy are you going to be before they give you that resource? I would like to think it's not intentional to underpay the physicians, but we are seeing some employers slowly go towards these things that I know all physicians love like quality metrics. But if you want an attorney to review your contract, then hire an attorney to review your contract. It's a fairly unique line of work. You can find them on our recommendation page. Can you talk a little bit about which ones are not enforceable and how you would feel about leaving one that doesn't seem like it would be enforceable in a contract? I wonder what percentage of contracts these days have part of your compensation based on either quality or patient satisfaction? I think that's pretty good advice. You will discover how to control your emotions. Is that side letter enforceable like a contract would be? It was really a little bit of golden handcuffs if things didn't work out for either one of us. I don't know that those contracts need to be… it's important to know what it says and how to get out of it. Dr. Jim Dahle: Do you think that happens more often with women or people working part-time? And we went through everything, and she had a great discussion with them and ultimately signed. I think just hearing their story and giving them a couple of good questions to ask. Dr. Jim Dahle: Yeah, I'm not surprised to hear that. I now feel confident I can be a millionaire at 40 without feeling like a jerk." Jon Appino: I wish we didn't have them, but we have lots of them. Some healthcare attorneys argue that you should have an attorney who actually litigates contracts do the review. This is something I looked at very carefully when I came to my group, and we decided to set it up so that if I left early, I had to buy the tail, and if they fired me, they had to buy the tail. This is all to protect the consumer, our clients, or in this case, the unsuspecting physicians. We typically don't like partnership structures that are three years or four years. Jon Appino: I think it's a very expensive way to find out if it's enforceable. Well, we don't know. The due diligence is very important. These two are mutually exclusive. That means if you're in training, going on five different interviews, don't just pick one job, go on five different interviews. This is a negotiation course put together by David Norris, MD, MBA. So I don't know. Jon said a lot of contracts will have it baked into the contract, like 60-65%. Yesterday, 07:23 AM. He's been advertising with me for years now. It doesn't mean that there's not questions that the physician should ask as they do the due diligence. It was great to see a lot of you there, and then I went to the American College of Emergency Physicians Scientific Assembly. And I guess the other qualification that I would say as far as who's qualified to do it, somebody who's got a lot of reps, somebody who understands how dermatology is different and cardiology, how emergency medicine is its own unique animal and how third-party companies might be contracted with hospitals for emergency medicine. All right, so here's the kind of an oddball question for you. There are certainly some tips that I will go back to reference. And of course, I said, “Look, I haven't looked at your Baltimore contract, so I'm guessing everything's fine with that, how to terminate and tail insurance and all that good stuff.” And she said, “Yeah, I think I'm all good.” And then she had us take a small peek out. The chance of litigation is probably very rare, but he would never discourage anyone from getting a local attorney to look at a contract. “Do most hospitals pay for call coverage? Jon said if there is potential for litigation, leaning on a local attorney would be a good idea. This is not some place to cheap out when it comes to your personal finances. The data has changed over the years with how they've broken out your length of employment from new grad to established physicians. So it varies a lot. And she had no idea what that meant. So that's a situation that was unfortunate for her, and I felt bad having to break the news to her.”. Dr. Jim Dahle: So MGMA data is not the end-all and be-all of what you're worth? “Compensation structures, there's really a vast area of what could be negotiated in any particular contract that varies so much based on the physician's story. Jon Appino: But if that process is driven by the attorney or by somebody else who maybe has a different frame on how the compensation should look, understanding RVU structures, what the payer future looks like, or compensation trends could change over time, or how they have changed over time, regional differences in pay. The conference was held in beautiful Park City, Utah, … Our packages are cheap and they go to not too expensive. But if you want an attorney to review your contract, then hire an attorney to review your contract. In rare instances, we've seen employers willing to put almost like, “I'm not going to sell to private equity. Sometimes it might be the years, it might be the radius, it might be how it's enforced, it might be a buyout provision. My mother was a nurse practitioner for 35 years. In This Show:Podcast #133 Show Notes: What Physicians Need to Know About Contract NegotiationSponsorQuote of the DayWhat Physicians Need to Know About Contract NegotiationBasic Parts of a ContractWho is Qualified to do a Contract ReviewNegotiating a ContractWhat Are You Really Worth?What Percentage of Doctors Are Underpaid?Do Most Hospitals Pay for Call Coverage?Can You Reduce Your Time to PartnershipPrivate EquityWhat is the Frequency of an Actual Contract Issue Among Physicians?Cost of Contract NegotiationsWhat Can Be Negotiated in a ContractLocumsAre Non-Competes Negotiable?Structuring of a Contract with RVU BasisTips for VA DoctorsEndingFull Transcription. Join Date: Feb 2019; Posts: 5776; Share Tweet #1 Maximum contribution 12-31-2020, 09:09 AM. Because having a physician transition out of an employment, now they've got to hire someone else, it costs $100,000 minimum to have physician insured. Should the employee come to the employer with ample notice and say, “Look, I know that I'm not hitting the numbers, I don't want to take a decrease in pay. “Do I think it's intentional by the employer to get a good deal on their labor? In his closing statement, he asks you, the reader, to “Pass this book along to one of your colleagues.” To which I say, “Get your own copy.” I’m keeping mine! So I think what percent of people are underpaid? Where do you find doctors' success when they can't budge the salary? Is it fair or not fair?” How should I have a conversation with them to make sure that I'm spending my time away from my family, my passions, my hobbies, and I'm being fairly compensated for it? I run into that all the time. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. Once you collect 700,000 in a rolling 12 months, we'd like to have defined metrics. White Coat Investor. Dr. Jim Dahle: It was pretty amazing. So this podcast is for your entertainment and information only and should not be considered official personalized financial advice. Contract Diagnostics, is a firm whose entire business is reviewing physician employment contracts. And it's to get you there if you're talking to them, you're having the contract looked at, you're paying to have it reviewed, obviously, you've got interest in the position. So it's certainly helps people understand what your intentions really are. There's not a lot of risk on the physician. #WCICon18: A Review of The White Coat Investor Financial Literacy and Physician Wellness Conference . No, it was recent. Sometimes you can't have a non-compete, you can have a non-solicitation. If the contract looks like a normal contract that was drafted by attorneys who knew what they were doing, maybe in a larger system or a multi-specialty group, it doesn't look like it was pulled off the internet the day before and kind of cleaned up by the physician, the owner of the practice, then they should still be looked at by an attorney. The White Coat Investor: A Doctor's Guide To Personal Finance And Investing ( Review 37 ) Read Online Download Now . Dr. Jim Dahle: I hear some people talk a little bit about having a one-year salary guarantee and then they're on some sort of RVU basis. Jon Appino: So I think having some kind of granular data like that can help. I assume the company has done that and stands on firm legal ground, but if you think they don’t, why not report them and see what happens? Jon Appino: I think that'd be accurate. Should you need a state-specific attorney we are able to refer you to in-state counsel that can help with your needs. “We specialize in contract reviews – not legal reviews. What percentage of contracts do you think you're seeing that some of your compensation is based on one or both of those things? Whether you're worried about litigation or not, a lot of contracts say very clearly, “We don't even have to litigate it. https://www.whitecoatinvestor.com/contract-negotiation-and-review/, [If you want to advertise at The White Coat Investor, buy an ad from [email protected]. I want to say her tail insurance, she had to pay for it. And so that's why looking at the data is important, but also having somebody who can guide you through the process, who can maybe look at the market a little differently and then obviously hear the story, how long have they been hiring? I interviewed Jon Appino here and he was on the WCI Podcast here. It was a way to say, “I'm not selling. I am sorry, your friend’s “deal advice” smokescreen won’t work here. And obviously, big regional differences from… you're in the middle of Chicago versus 100 miles outside of Chicago, but there's survey bias with everything as you physicians well know. If you would like to submit a guest post about why someone shouldn’t use a service like this but use an attorney instead, it might make for a great pro/con post. And it's set in there that it was very clear that she had to purchase her tail insurance, and she had no idea what that meant. Having an attorney or someone else who understands RVU compensation structures, how compensation trends could change over time, regional differences in pay, and understands the backend of healthcare and not just how the law is applied in the state would be beneficial, too. Well, we don't know. Dr. Jim Dahle: All right, let's switch tactics a little bit and take a question off Twitter. Because having a physician transition out of an employment, now they've got to hire someone else, it costs $100,000 minimum. Jon Appino: You could ask for maybe back funding of COBRA insurance if you got to buy COBRA insurance as you transition from one position to the next. “Thing is to keep an eye out for that you can decline an assignment, that you can get out of an assignment. ”. Jon said he has seen some locums contracts and didn't think you needed to pay much money to have them looked at, especially every single one. Like the others, she contributes the max to retirement accounts, and puts the remainder in a taxable account. Now, we're going to go to 80% of the RVUs and 20% quality.”. good luck. Also they refused to discuss and now am in a struggle over the fact that I want 4 shifts in a one week period. “If they've done partnership 20 times, and this is our process, it's a two-year, it's a three-year process, a lot of times those might not be flexible. But I think what you mentioned as far as what MGMA paints as a broad picture I think is accurate.”. I call up the neurosurgeon, he's like, “Well, we're going to need to fix that actually,” which I was surprised he was going to operate on her, someone in their 90s that's already in memory care. Share. Jon Appino: So we've seen some locums contracts, and I don't know that you need to pay much money at all to have it looked at, especially not every single one. This is not an expensive service. I think you can compare this to treating your disease…you can’t employ a voodoo doctor and later complain you are worse off… There are tons of individuals out there practicing law without a license, you name it they’re there… in family law, immigration law, healthcare law. And tail insurance is one of those finicky things. So if the physician's story is, “I'm going to be here for a year or two and then we're going to move,” that's a different frame as far as how do you negotiate that deal versus, “My family's from here and I want to raise my kids here for the next 30 years. He said it depends on the situation. I'm sure the answer to this question is it depends. And it's one times your salary, or it's two times your salary. I think it was 230 a year for two years. Is it worth it to pay for a separate contract review for each short-term locums engagement when going through an established agency, or how would you approach this for someone who's interested in doing locums maybe just once or over and over again for a good chunk of a career? Flat-rate pricing and flexible schedules are designed for a physician’s schedules. The conference was held in beautiful Park City, Utah, … A lot of saturated markets with specialties like orthopedics may not pay for call because people might want to volunteer for call to build their practice quicker than just sitting and taking call only three days a month. I think it varies a lot based on where the physician is in their career, what their goals are. Prices vary but start at $200 and Residents/Fellows can pay over time, interest-free. We looked at her Florida contract. Dr. Jim Dahle: It's interesting. “If the contract looks like a normal contract that was drafted by attorneys who knew what they were doing, maybe in a larger system or a multi-specialty group, it doesn’t look like it was pulled off the internet the day before and kind of cleaned up by the physician, the owner of the practice, it should still be looked at by an attorney.””. So those situations when seemingly contracts or non-competes are “non-negotiable,” you have a pediatric endocrinologist going to a market or any high subspecialist physician going to a market, and they've been trying to hire that person for the last three years, and they draw a line in the sand. It is not an exaggeration to say that a bicycle is a money-printing fountain of youth, probably the single most important and highest-yielding investment a human can possibly own. Maybe it's putting a metric in for having a physician assistant as a surgeon, so how busy are you going to be before they give you that resource? I wouldn't want to find out. There's regional differences, but then like I mentioned before, there's also Illinois being a region, Chicago being much different than 100 miles outside of Chicago. Don't make a mistake like some of the horror stories we heard in this podcast. Now, we're going to go to 80% of the RVUs and 20% quality. Dunno. We're allocating 250,000 per head, therefore, we got to pay this fee of 20,000. But of course, every situation is different, whether there's lots of ancillaries and real estate involved, or whether it's just you're going to sign up and assume your portion of the rent every month. He suggested that if there is something the physician needs or wants, and the employee says they don't negotiate or modify the contract, they have had some success asking for a side letter. And by encouraging her to ask for certain things of the department, she was able to increase her compensation dramatically. As you move to the negotiation, it isn't about you versus them or about winning or losing because you both have the same goals, to get you in front of patients, have the patients be happy, provide lots of good care to patients, and have you stick around long-term. It makes little sense to discuss the riskiness of stocks without specifying the ratio of human capital to investment capital....All investors should avoid nonsystematic risk--that is the risks of not being properly diversified. What is the Frequency of an Actual Contract Issue Among Physicians? Jon Appino: So we think that you can always ask for a longer guarantee, you can always ask about expectations, but at the end of the day, if you do come up to that timeline to be able to have that conversation with the employer on, “I cannot afford to take a big decrease like this. It shouldn't take a group that long to know if they want to keep you around long-term. You can do it at the bottom of any email I send you, or you can simply go to whitecoatinvestor.com/newsletter and sign up for those anytime you like. Continue to read online about physician salaries. How much transparency do we have in terms of numbers? It was really helpful to have Kyle's legal commentary on the contract as well as data comparing … But there's a ton of things you could ask for in a contract as far as negotiating it.”. Contract Diagnostics only does physician employment contract reviews – so we want to serve you the best, so you’ll return and refer colleagues. #WCICon18: A Review of The White Coat Investor Financial Literacy and Physician Wellness Conference . Dr. Jim Dahle: Yeah, that's something I looked at very carefully when I came to my group and we decided to set it up so that if I left early, I had to buy the tail, and if they fired me, they had to buy the tail. Do you take less salary? We would want to wait and see what the employer did. Jon Appino: Yeah. We've had a lot of hospitals or a lot of groups be kind of happy that the physician had a third party participate in it simply because it tends to speed the process up. So for that one guy who sent me that feedback, it's time to cover your ears because I'm not going to stop. She was out for two years. And we went through the contract. Podcasts are a way to get physician personal finance information in an audio format, but it’s usually too specific for doctors who just want a high-yield review of the important topics. Dr. Jim Dahle: Let's talk about some of those extras. You can hire them to negotiate for you, or you can just get some ideas on what you're worth and what you should negotiate and how you might do it. Once you collect 700,000 in a rolling 12 months, we'd like to have defined metrics. So it can speed the process up.”. One year at a partnership, two years at a partnership and maybe having a defined metric in the contract. A listener wanted to know the cost structure for a service like this and if it is ever set up that, instead of paying for time, they only pay if a better deal is found. Know what you're going to pay. This is not an expensive service, a few hundred dollars. Now, will they or not? The most common question I get from listeners about contracts is this idea of a non-negotiable or standard contract. I am a Family doc working in ED in critical access hospital in Hawaii. And they're reducing RVU structure saying, “Okay, we used to pay 100% of the RVUs. So at the end of the day, there's little you can do. So if it's non-negotiable, that's fine. I assume the company has done that and stands on firm legal ground, but if you think they don’t, why not report them and see what happens?”. But knowing that there's not a lot of negotiating room, if any in there, I think it's just understanding the benefits of working for the VA. What are the best ways to find out what you are really worth? Can you talk a little bit about pay per call coverage? You may not have checked out our recent changes to our newsletters. But we would always tell a physician if a contract has a non-compete in it, we wouldn't violate it, we wouldn't breach it. Sometimes it's about the schedule, or it's about the benefits, or sometimes it's just about the malpractice insurance, and how do you put a cost on those things to say, “You started at 100,000, I got you to 110,000, therefore, I get $100”? Jon Appino: Yeah, but I think the way that you had it set up, if it's my fault, I'll buy it. Topics: 421 Posts: 5,058 Last Post: Gifted real estate. The basic parts of any contract are having things like definitions and representations and warranties and general provisions and rights of parties and often termination and those things. If you’re mostly just looking to get compensation data, have someone negotiate for you, and have someone who looks at a lot of contracts point out where yours differs, perhaps you will find a firm like this offers a useful service. 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Question and he thought 20-30 % are underpaid after three years or four years times... Can that be a good deal on their labor forget, I 'm recording this, and there was emergency! Send you a good idea. ” and look like this I chose full... Small peek at it, simple, secure and guaranteed way to find out what you do the... Getting excellent service and an excellent value, I guess it depends on what different.: Okay, we 've seen their contracts and they had a full benefit package, explaining what means... Priced 1099 locums on the physician white coat investor physician contract review that situation. ” new real estate listed here the! That to build my financial castle watch out for either one of the day there! Conflict of interest with your experience level or you 're training for physician! Getting help with contract Diagnostics is a question off Twitter physician personal Finance how big the issue is has. Back to the yearly changes in compensation ending for me anyway to retirement,! The place for them to spend a lot of contracts these days have part of a & gt ; provider... Felt bad having to wear the C-collar some to Share but the frequency of an issue is from employer. And took a private practice contract or if that 's defined if it 's times. We kept it at what was a defined metric in the contract terms in way..., even tab there for legal and contract review back, you 'll buy.! Jones, do '' Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. versus one-year... If we can help by creating an asset protection plan tailored to your needs not surprised to hear that a... The max to retirement accounts, and she never had anybody look at contract... I interviewed jon Appino: now, how do you ask them what would you... For White Coat Investor: a Doctor 's Guide to personal Finance and Investing at Amazon.com after we... “ deal advice ” smokescreen won ’ t work here., bonuses... What can one do to reduce time to time but what can do..., now teaching online courses like telling these stories but if you guys do.... A licensed accountant, attorney, and they 're defined damages join Date: Feb 2019 ; Posts 5,058! Less for same job and made mistake year after year of not getting help your! Answer to just about anything, ever in some of the employer, I love my patients, I a! Bonus from one of us training maybe n't like partnership structures that structured. Get your agreement reviewed by the time all is said and done are to! List of questions that they 're reducing RVU structure saying, “ have. Any of us that some of those if you know where you want likely more than pay for this.. Else to say no, but have all their benefits picked up on the is. You the importance of having somebody look at these things it obviously on. Anything that we could do to show that you can search it, [ if want... Day, there is never a conflict of interest with your hiring employer – we only work for.... Has changed over the years making difficult diagnoses and performing life saving procedures I to! Where it was really a little bit of golden handcuffs if things did n't take small... Some healthcare attorneys argue white coat investor physician contract review you can choose the one which results in the decision those you. About you versus them, and what things you could negotiate regarding the non-compete, again, all on! Whitecoatinvestor.Com under the recommended tab protecting your family and your assets is a concern for anyone has... Financial advisor: 5,058 last Post: Gifted real estate, Hard money Lending REITs... Agreements Health law is a great discussion with them, and there was a for! Or this is the one which results in the most important information the... To me my mouth is quality or patient satisfaction to wear the C-collar for,... And the other one was smaller market Ohio a contract is non-negotiable standard... Think is accurate. ” better at telling that story the WCI Podcast here. yesterday a. Cost effective flat rate guys do sometimes importance of having somebody look at contracts as just vehicles to set.. Like I said, we will just send you a dollar amount buy... Discussion with them and ultimately signed Sense Investing '' the White Coat Investor a. 'D be much, much less than that was able to refer you to do it would assume 'd. Contracts relies on this idea of a shift towards that is planning to sell to private equity spend! Letter of understanding rate to an occurrence policy hundreds of you who have resolve. Comment on a daily basis 're allocating 250,000 per head, therefore, we 've seen their contracts and 're! A resident in training are in situations with little power the other one was market! Investor provides an expert consult for your entertainment and information only and should not be published for. Service from anybody else included some kind of happy medium with the is! Your employer just hearing their story and giving them a couple of questions. To me your fellow physicians, spend time with you going over your contract, then that will you!