Colorado Physician Contract Attorney Analysis
Our Colorado physician contract attorneys can review your contract, identify the areas that could improve, and then assist you in negotiating the best Colorado medical contract possible. A lawyer experienced in contracts and the law surrounding them can help you immensely.
Each Colorado physician that requests our assistance in reviewing contracts receives:
- Available in any state where a firm has medical contracts to sign
- Flat-rate pricing, with no hidden costs for reviews of contracts
- Review of your proposed employment agreement by a knowledgeable lawyer
- Phone consultation reviewing the contract term by term
- Follow up with a review of the needed clarifications by lawyers who understand what is needed
Colorado Physician Medical Employment Contract
There are approximately 13,000 licensed physicians in Colorado, with nearly 6,700 specialists. Denver County has the largest number of practicing physicians providing care.
As a physician licensed in Colorado, you are in a unique position to leverage your skills in one of the healthiest states in the country. However, maximizing your earnings involves more than just practicing medicine. Here are some ways you can further boost your income:
- Diversify Your Skill Set: Physicians with specialized skills often have higher earning potential. Consider gaining additional certifications or pursuing further education to broaden your scope of expertise. The University of Colorado School of Medicine offers numerous fellowship and post-graduate programs.
- Participate in Loan Repayment Programs: The State of Colorado offers the Colorado Health Service Corps which provides loan repayment assistance to medical professionals who agree to practice in underserved areas of the state. This can significantly decrease your student loan burden and effectively increase your earnings.
- Offer Telemedicine Services: As the demand for telehealth continues to rise, offering telemedicine services can be a lucrative option. Colorado law requires insurance providers to cover telehealth services in the same way they cover in-person services, making it a viable income stream. Platforms like Amwell can help you get started.
- Improve Your Practice’s Efficiency: Optimizing your practice can lead to better patient outcomes and higher revenue. This could mean implementing new technologies, outsourcing administrative tasks, or hiring additional staff. The Colorado Medical Society offers resources to help manage and improve your practice.
- Get Involved in Health Policy and Advocacy: Physicians can earn additional income and make substantial changes in their community by engaging in health policy. The Colorado Health Institute is a great resource for getting involved in state health policy.
- Explore Consulting Opportunities: Physicians’ expertise is valuable in many non-clinical settings. Consider taking on consulting roles for healthcare organizations, pharmaceutical companies, or tech companies specializing in health applications. The American Association of Physician Leadership can provide resources and opportunities for leadership roles and consulting.
- Stay Updated with Regulatory Changes: The medical field is heavily regulated and these regulations can impact your income. Ensure you’re aware of the latest changes by checking the Colorado Medical Board regularly.
Boosting your earnings as a physician in Colorado will require effort, strategic planning, and sometimes, a willingness to step out of traditional roles. By staying informed and pursuing diverse opportunities, you can significantly increase your earning potential.
Medical Contract Review Attorney
New residents, attending physicians, doctors entering their first medical employment contract, or established physicians looking for new healthcare employment in a Colorado practice can benefit from thorough medical contracts review by attorneys who know health law. Lawyers study hard to learn all the state laws, rules and regulations. A review done by an experienced attorney will ensure you get your interests protected.
Not understanding the medical contract can result in expensive litigation between a physician and an employer where the need for an attorney is known. By having a full and complete understanding of the contract, you will be in a better position to decide whether or not you want to enter into the agreement, which will affect your career life for years to come.
Cities in Colorado where you can find an attorney to review your physician contract include:
Healthcare Employment Professionals
The present-day conclusion is simple: Physicians should only enter into Colorado contracts for healthcare workers with the agreement for physician employment reviewed by a competent contract attorney. An experienced lawyer can take the contract apart bit by bit, which is needed in analyzing what is required. In addition to the specific professional implications, CO contract terms can significantly impact a physician’s family, lifestyle, and future. There are many important terms and clauses in contracts that can present complex and diverse issues for any physician.
These terms and clauses may embrace Covid but include the following:
- Non-compete clauses
- Inadequate professional liability insurance and tail coverage
- Unfavorable call schedules
- Production Bonuses (RVU, net income, or hybrid structures)
- Not enough paid time off (PTO) or Vacation time
- Biased Termination Provisions (With or Without Cause)
- Continuing Medical Education (CME)
- Dues and Fees
Contract Review Services
Additionally, often the most influential terms and clauses in any employment contract are the ones that are not present. A physician must review an employment agreement before signing it due to the advent of productivity-based employment agreements.
We have practical experience drafting and reviewing physician contracts for nearly every specialty.
Physician Contract: Thorough Contract Review
A thorough contract review can benefit new residents, attending physicians, doctors entering their first employment contract, or established physicians looking for new employment. By employing an experienced attorney for your representation, you can ensure that you will be able to fully understand the extensive and complex wording included in your contract.
By having a complete understanding of the contract, you will be in a better position to decide whether you want to agree, affecting your career life for years to come.
An independent contractor agreement is a vital part of the modern workplace. For many professionals, including in the healthcare industry, working as an independent contractor can offer several benefits, such as having control over your work schedule and enjoying collaborating with multiple companies.
Colorado Physician Contract Review
Coming into a new organization with a favorable contract can put the physician in a positive financial profile for years to come. Lawyers educated in contract law can do contract reviews thoroughly and protect your business interests.
Before you sign the most important contract of your life, turn to an experienced Colorado Physician Contract Attorney for assistance. CO contracts signed without first getting a contract review pose a danger of having your commitments and healthcare agreements not end up in your favor. The contract attorney who works among professionals at a law firm has your interests at heart and has the care and knowledge to do a physician contract review that will give you the confidence you need to sign your CO contract.