Our physician contract attorneys can review your contract, identify the areas that could improve, and assist you in negotiating the best contract possible.
Each Neurologist that requests our assistance receives the following:
- Review of your proposed employment agreement
- Consultation reviewing the contract term by term
- Assistance in negotiating with the employer (if necessary)
Neurologist Employment 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 agreements, you will be in a better position to decide whether or not you want to enter into the medical contract that will affect your career life for years to come.
Important Terms in Medical Contracts
The present-day conclusion is simple: a physician should only enter into agreements by having the contract reviewed by legal counsel. There is too much at risk for a physician to take medical contract matters into their own hands. In addition to the specific professional implications, terms of medical contracts can significantly impact a physician’s family, lifestyle, and future.
There are many important terms and clauses in medical contracts which can present complex and diverse issues for physicians, including:
- Non-compete clauses
- Inadequate professional liability insurance and tail coverage
- Unfavorable call schedules
- Practice support
- 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 (AMA, Health Care Board)
Non-Compete Clauses Reviewed by a Neurologist Contract Attorney
Most courts find that a non-compete is enforceable if it is reasonable.
The general test for reasonableness by a court or arbitrator would be:
- The restraint is not more than required to protect the employer,
- It does not inflict any untold hardships on the employer, and
- The restraint is not detrimental to the public.
Neurologist Career Tips
As a neurologist, your expertise in diagnosing and treating neurological disorders is vital in healthcare. In addition to ensuring patients receive the best care, it’s also important to focus on strategies to maximize your earnings throughout your professional journey. Here are a few tips:
- Subspecialization: Neurology is a broad field with several subspecialties, including stroke, epilepsy, neuroimmunology, and more. Specializing in these areas can increase your marketability and potentially result in higher earnings. The American Academy of Neurology (AAN) provides resources and guidance for subspecialization.
- Stay Updated with the Latest Medical Advances: Neurology is an ever-evolving field with new research and advancements happening frequently. Continuing education and staying updated with these advancements can increase your credibility and value as a neurologist, which can enhance your earnings. The American Neurological Association is a good resource for continuing education.
- Efficient Practice Management: Efficient management of your practice can lead to higher earnings. This includes optimizing patient scheduling, implementing effective billing practices, and reducing overhead costs. Consider investing in practice management software to streamline these processes.
- Expand Telemedicine Services: The COVID-19 pandemic has demonstrated the value of telemedicine in healthcare. Offering virtual consultations can increase your accessibility to patients, enabling you to see more patients and possibly increase your earnings.
- Take on Leadership Roles: Participating in leadership roles within your practice, hospital, or professional organizations can increase your visibility and potentially lead to additional compensation.
- Consider Locum Tenens Work: If your schedule allows, taking on locum tenens positions can offer higher hourly rates and supplement your income. Various agencies facilitate locum tenens work specifically for neurologists.
- Publish Research and Articles: Publishing your research findings or articles on neurological topics can increase your reputation as an expert in your field, potentially leading to higher earnings. You could consider publishing in reputed neurology journals or online platforms like Medscape.
- Work-Life Balance: While maximizing income is important, it’s equally important to maintain a healthy work-life balance. Overworking can lead to burnout, which can negatively impact your productivity and income over time.
By focusing on these strategies, you can enhance your earning potential as a neurologist while continuing to provide excellent patient care.
Employee or physician contracts are all unique. However, nearly all healthcare contracts for healthcare providers should contain several essential terms. If these contracts do not spell out the critical terms, disputes can arise when there is a disagreement between parties regarding the details of the specific term. For instance, if the doctor is expecting to work Monday through Thursday and the employer thinks it’s Monday through Friday. Still, the particular workdays are absent from the contract—who prevails?
Employment Agreement Checklist for a Neurologist
Spelling out the details of a physician’s job is crucial to avoid healthcare contract conflicts during the employment contract term.
Below is a checklist of important terms that contracts should contain (and a brief explanation of each term generally discussed in negotiations):
- Practice Services Offered: What is the clinical patient care duties? Is there time for a review of administrative tasks? How many patients is the physician expected to see?
- Patient Care Schedule: What days and hours are employees expected to provide patient care per week? What is the surgery schedule? Are employees involved in the planning of their schedules? Assistance with surgery, pediatrics, pathology, oncology, ophthalmology, radiology, internal medicine, neurology, cardiology, and infectious diseases?
- Locations: Which facilities will the employer schedule the employees to provide care at (outpatient clinic, surgical sites, in-patient services, etc.)?
- Outside Activities: Are employees permitted to pursue moonlighting or locum tenens opportunities? Does a physician need permission from the employer before accepting medicine-related positions?
- Disability Insurance: Is disability insurance provided (short-term and long-term)?
- Professional License: Will the practice offer reimbursement for licensing? Will an advisor be provided?
- Practice Call Schedule: How often is the employed physician on call (after-hours office call, ASC, hospital call (if applicable))?
- Electronic Medical Records (EMR): Will the employer provide training resources or time to review the system before delivering care?
- Base Compensation: What is the annual base salary? What is the pay period frequency? Does the base compensation increase over the term of the agreement? Is there a yearly review or quarterly review of compensation? Is there a group management relationship?
- Productivity Compensation: If there is productivity compensation, how is it calculated (wRVU, net collections, patient encounters, etc.)? Is there an annual review?
- Practice Benefits Summary: Are standard benefits offered: health, vision, dental, life, retirement, etc.? Who is the advisor of human resource benefits?
- Paid Time Off: How much time off does the job offer? What is the split between vacation, sick days, CME attendance, and holidays? Is there an HR guide?
- Continuing Medical Education (CME): What is the annual allowance for CME expenses, and how much time off do they offer?
- Dues and Fees: Which business financial expenses are covered (board licensing, DEA registration, privileging, ASA membership, Board review)?
- Relocation Assistance: Is relocation assistance offered? What are the repayment obligations if the contract is terminated before the expiration of the initial term?
- Signing Bonus: Is an employee signing bonus offered? When is it paid? Does the employee have to pay it back if they leave before they complete the initial term? Are student loans paid back? Is there a forgiveness period for student loans?
- Professional Liability Insurance: What type of liability insurance (malpractice) the employer offers: claims made, occurrence, self-insurance? License and litigation defense? Can you negotiate tail?
- Tail Insurance: If tail insurance is necessary, who pays for it when the agreement terminates?
- Term: What is the length of the initial term? Does the agreement automatically renew after the initial term?
- For Cause Termination: What are the grounds for immediate termination for cause? Is a review provided to dispute the termination?
- Without Cause Termination: How much notice is required for either party to terminate the agreement without cause?
- Practice Post-Termination Payment Obligations: Will the physician receive production bonuses after the agreement terminates?
- Non-Compete: How long does the non-compete last, and what is the prohibited geographic scope?
- Financial Retirement: Is a financial retirement plan offered?
- Non-Solicitation: How long does it last, and does it cover employees, clients, patients, and business associates?
- Notice: How is the notice given? Via hand delivery, email, US mail, etc.? Does it have to be provided to the employer’s attorney?
- Practice Assignment: Can the employer assign the agreement? Will the healthcare agreement require ongoing compliance with a new employer?
- Alternative Dispute Resolution: If there is a conflict regarding the contract, will mediation or arbitration be utilized? What is the standard attorney review process for disputes? Who decides which attorney oversees the process?
Neurology Physician Contract Lawyer
Coming into a new organization with a favorable contract can put the physician in a positive financial situation for years to come. Contracts contain much misleading information and terminology that an attorney knows how to deal with and points such as clauses that take negotiations. It takes an educated and knowledgeable defense attorney to help you understand physician contracts.
Before you sign the most binding legal contract of your life, turn to an experienced Neurologist Contract Attorney for assistance because he has the expertise, care, knowledge, and resources to help. A clever attorney will come to your defense and can resolve many issues and do a consult to help you understand how to deal with contracts and the agreement clauses therein.