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You've Been Hired! 5 Reasons Young Doctors Lose Money on Their First Employment Contract

1. They don't have an experienced possible. You have little to compare your
contract lawyer evaluate their contract to. All you know is that when
contract.Do not entrust your physician you leave residency you'll be making a
employment contract to your local general tremendous jump in salary as an attending
practitioner. While there are some physician. That's good, but that's only
similarities to general contracts and part of the equation. You need to know
physician contracts, you should have an much more.How do you learn more? By
attorney who has extensive experience reading books written by attorneys who
reviewing physician contracts. There are have experience in this area. Learn all
more differences than similarities and an you can about your contract and physician
experienced lawyer will be able to spot employment contracts. Have your attorney
them and correct them before they cause give you a crash course on contracts and
harm.You wouldn't want a family negotiation. I guarantee you it'll be the
practitioner performing coronary artery best money you ever spend. An experienced
bypass surgery on you unless that lawyer should know what the going rate is
physician has had years of training and for your specialty in your geographic
fellowship in that field of medicine. The area. He (or she) should know whether the
same holds true for lawyers.2. A young other benefits you're getting are
doctor is money-conscious and is afraid consistent with other competing groups.
to spend money to hire a lawyer.The You must ask lots of questions.5. The
common thinking is that if they can save young doctor fails to do research about
a few dollars by not having to pay a the group or hospital he is joining.This
lawyer, then they're ahead of the game. is vital. You must investigate your
Wrong. That's what you call 'penny-wise group. Ask your colleagues about their
and pound foolish'. By spending money for reputation, their ethics, their surgical
a good lawyer now you will be protecting or non-surgical abilities. Speak to
yourself for years to come knowing that members who have left the group if
you have fought for everything you can possible. The more information you have
possibly get in your contract.Remember, about the group, the better informed
your contract will guide you for many you'll be, and you'll be able to make
years. If you make mistakes at the judgment calls knowing full well what
begining by not knowing and not being an your options are.CONCLUSIONBe informed,
informed consumer, you will regret it for do your research, read your contract, and
years to come. Believe me, I've seen then hire an experienced contract lawyer
physicians kick themselves for not having who specializes in doctors
their contracts reviewed by an contracts.Attorney Oginski has been in
experienced lawyer before signing it.3. practice for 17 years as a trial lawyer
The young doctor is afraid to make waves practicing exclusively in the State of
with his new group or hospital.You've New York. He has recently published a
just been hired. "You got the job!" But, book that will help every doctor in
once you see the contract you realize residency and every doctor changing jobs
that all is not rosy. However, with good understand their employment contract.
counsel, you can learn to negotiate, and Take a look at his useful website, for
you can have your lawyer be the bad guy more information.Over the last eleven
and negotiate for you.It never hurts to years, Gerry has developed a specialized
say, "My lawyer felt this was practice helping residents and physicians
inappropriate...", "My lawyer advised me who have been offered jobs or are
to have this re-worded...", "My lawyer changing jobs. He evaluates and
felt this was unfair and needs to be negotiates their physician employment
removed." Let your lawyer be the bad guy. contracts. Gerry can be reached at , or
Do you think the groups' lawyer is 516-487-8207. All inquiries are free and
looking out for your interests? Never.4. totally confidential.
The group wants to give you as little as




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