Signing a contract has become mandatory for the physicians before joining a hospital, health care provider or a hospital. In fact, a contract helps to specify the role and responsibilities of both the parties and protect their legal rights in the future course of action. Generally the contracts are drafted by the employers and it is the responsibility of the physicians to review the contracts before they actually sign one. However, the review and negotiation of physician contracts are a tedious process and requires a good amount of legal knowledge which is best to be left to a legal counsel. The physician contract lawyer shall review the contract term by term of the proposed employment agreement and offers assistance to the physicians in case negotiation is required by the employers. There is no doubt that there is a lot of risk involved if the physician takes the physician employment contract review into their hands as they are inexperienced in such matters and the consequences of the contract terms may impact their future, family life and professional career.
The physician contract lawyer who has a lot of experience in reviewing and negotiating contracts can easily identify any clauses or contract terms that can hamper the interests of the physician. The attorney shall review the diverse and complex issues like non-compete clauses, indemnification, damages, verbal guarantees and insurance statements with an eye for details to see if they are in favor of the physician. With the productivity based employment contracts being in the picture it is very important for any physician to have their contract reviewed by an experienced attorney. The attorney shall review the common dangers, in the physician contracts like insufficient professional liability and tail coverage, not enough PTO or vacation time, misidentifying negative terms, lack of benefits, unfavorable call schedules, small production bonuses, unfair restrictive covenants etc. which should all be addressed properly before signing the contract.
By having the physician employment contract review it becomes easy for a physician to enter into a new organization without any apprehensions. Whether it is new residents, doctors, attending physicians or established physicians looking for a change can benefit a lot by having their contract reviewed. The benefits associated with contract review far outweigh the expenses associated with availing the contract review services. The physician contract lawyer in fact offers customized services to physicians based on their specialization in the health care industry addressing every clients requirements to their 100% satisfaction.
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