QUESTION

What are the biggest mistakes to avoid when negotiating a physician employment agreement?

SHORT ANSWER
The value of a physician employment agreement should not be underestimated.
Read More Below

Physician employment contracts typically involve millions of dollars over the life of the contract, and can adversely affect the parties if not properly negotiated and drafted. Some of the more common mistakes in negotiating these agreements include overlooking the scope of services to be provided by the physician and the conditions of employment, paying scant attention to unduly restrictive covenants (non-competition, non-solicitation, non-disparagement terms), misunderstanding the contract’s term and termination provisions, ignoring indemnification provisions requiring physicians to compensate the employer for certain losses or liabilities, and failing to timely consult with experienced heath care counsel before executing the agreement.

ASG Law can advise you with respect to physician-facility or physician-practice group agreements.