Having a wife who is a resident physician, Jim Kelso understands the importance of helping residents manage their newly discovered power which comes from the ability to generate substantial revenue in the medical field. Physician Employment Contracts are the primary method used to employ physicians who have completed their graduate medical education.
Once residents and fellows have completed their program obligations, they often are hired as employees of a group practice with the intent of becoming a partner in the group. Some residents and fellows are recruited by hospitals directly to fill a need for a specialist in the community which are known as Hospital Recruitment Agreements.
Since residents rarely get exposure to the business of health care, this makes reviewing a detailed employment contract their first experience in managing their new role as a business partner. It is critical that you review the agreement with a professional prior to executing the agreement. The impact of negotiating your employment contract will have long lasting implications.
Our firm has the expertise to review contracts for residents and fellows and provide a detailed report on the positive and negative features of the agreement. We will also provide recommendations and offer contract negotiation services to maximize your benefits and reduce the risks associated with employment contracts
Established Physicians
Having a father with over 30 years as an internist, Kelso understands the needs of established physicians as well. In some instances, physicians may change practices. These changes often involve filling a vacant position in a practice as an employee, joining a practice as a partner or, in some instances, starting their own practice through a partnership or a professional association. Our firm has the expertise to review contracts for established physicians and provide a detailed report on the positive and negative features of the agreement. We will also provide advice to physicians who are forming new practices and help establish partnerships as well. Lastly, we will review office space leases, equipment leases and office and staff sharing arrangements.
