A common approach for physicians trying to make this kind of transition is to get a revenue guarantee for physicians. TriCPS has accumulated years of experience in mating physicians with guaranteed medical compensation options that help them gain their footing in the marketplace so they can create a thriving practice. What do you think of the different models of physician compensation? When you start looking for a job with your doctor, it is important to have a solid understanding of the different types of physician compensation models. It`s not about determining how much money you earn – it`s about making an informed decision that`s right for you in the long run. For this reason, unless the doctor has committed mistakes, I advise my client physician that the practice should bear some or all of the responsibility of the loan, the firm should terminate a doctor for no reason or violate the agreement. Also bear in mind that if a doctor is dismissed and must remain in the Community for some reason, it is important that there is no non-competition obligation (or very limited obligation) that reasonably allows the doctor to continue to fulfil his lending obligations in the Community. Many health systems correct perceived deficiencies in medical specialties in their performance field by helping private practices recruit physicians to the region. These physician recruitment agreements can be a blessing for both the practice and the physician and often allow a practice to pick up a doctor that it would not otherwise be able to hire. However, it is essential that medical counsel be involved in the negotiation of these agreements.
The income assistance portion of a recruitment agreement generally requires a hospital to pay monthly the difference between the physician`s income and the promised monthly amount set (taking into account the expected costs). The amounts paid by the hospital are part of the credit of the doctor recruited. If the amounts are not properly billed and recovered by the office, the income from the doctor`s benefits will be artificially low and the doctor will report more to the hospital loan than necessary. If the monthly reports are imprecise and/or not made available to the hospital, this may result in a breach of the contract of commitment and trigger the repayment of the borrowed funds. This type of failure should ideally be the responsibility of the practice and not of the physician. However, recruitment agreements do not always work well for all physicians. Before you consider signing a hiring contract, you should take note of the following and consult a consultant familiar with such agreements: In general, income guarantee models require a commitment of at least four years.
