A Last Look at the Contract
by Patrick C. Alguire, MD, FACP
Director, Education and Career Development
Once you have found a group to join, and you have reached an understanding regarding the conditions of your employment, take a final, hard look at the contract. (This is an area where professional help from a lawyer is absolutely essential, and if you haven't already consulted a lawyer, get one now.) Your best bet is one who specializes in physician employment contracts. The following is a list of areas that are generally covered in an employment contract and need a final review:
- Term: Most initial contracts are for 12 to 24 months, and often are accompanied by language that allows early cancellation by either party. Some contracts will allow the employer to cancel with "just cause," which covers situations like failing to perform your duties, loss of medical license, or conviction of a felony. Other contracts allow early cancellation by either side with no cause, following a 30- to 60-day notification of intent to cancel. What is most important in this section of the contract is language about becoming a partner in the practice. Read this carefully, because in most contracts what is actually included is the "intent" of offering partnership, but "intent" is not binding. If you are interested in becoming a partner, include in the contract as many details as possible about the conditions that make you eligible for partnership. This "preventive strike" can save you unmeasured anguish two or three years from now.
- Duties: This will specify what is expected of you. Be absolutely clear what is allowed and what is forbidden. If you are interested in moonlighting, or working as a teacher, make sure the contract enumerates these activities, along with your other responsibilities. This section often includes the responsibility of doing call. Try to pin down, if not exactly, at least a range of call frequency. Avoid vague language like "reasonable call responsibilities." You may not agree with what the most senior partner considers reasonable call for you, the most junior employee.
- Salary and Benefits: This is the part of the
contact that gets the attention of most physicians. It will outline
the base salary, incentives
and bonuses. The following chart details other possible benefits
and what might be offered:
Benefit Expectation Sick Leave Usually 2 to 3 weeks Disability insurance Usually provides for salary continuation until the disability insurance begins Group Term Life Insurance $100,000 to $250,000 Death Benefit One year's salary to beneficiary Health Insurance Self and dependents Professional Dues and Subscriptions Usually limited to a finite amount ($500) Moving Expenses Either added to your salary, or reimbursed Vacation Usually 2 to 4 weeks CME 1 to 2 weeks with a stipend of $2000 to $3000 Pension Plan Usually eligible after one year Malpractice Paid by employer. Discuss who will pay the tail if you leave the practice
- Final Issues: Many contracts will include a covenant not to compete with your former group if you should leave the practice, usually written in terms of length of time, and distance from the original office. A requirement that you become board certified within a specified period of time is commonly included in contracts, as is a clause about binding arbitration should major disagreements arise during the course of employment or upon leaving the practice.
ACP Career Connection's
Job Search Advantage
Search for jobs that suit your internal medicine and/or specialty career path. Register as a Job Seeker for additional benefits.
- Build, edit and store your Job Seeker Profile
- Select Early Job Notifier to have job alerts e-mailed to you
New Video: Navigating the Maze of a Job Search
This presentation helps you determine your professional and personal interests, write a CV and cover letter, and prepare for an interview.
Associate Member Benefits: ACP offers Associate membership for internal medicine residents and subspecialty fellows-in-training.
Join ACP: Take advantage of members only benefits by becoming an Associate member of ACP today.
Connect with your peers
Join this ACP members-only virtual community to connect with other residents and fellows.
Find a Mentor
Find an experienced physician who can answer your questions about internal medicine.
Volunteer through ACP
ACP recognizes the importance of volunteerism and community service at both the national and local levels as part of its commitment to universal access to health care. View current volunteer opportunities and network with other ACP member volunteers today.
Earn MOC Points for Medical Knowledge
ACP offers its members many ways to earn ABIM MOC points for Medical Knowledge and to make the process easier. See our MOC Timeline Page for details.
Ceramic Bistro-Style ACP Mug
Enjoy your morning brew and show your ACP spirit with our 15-ounce dishwasher- and microwave-safe mug. Enjoy free shipping within the continental U.S.