I am graduating from my program next month, and have an offer from a cardiology office in Lakeland, FL. I have received the contract to review and would like some thoughts about the terms of this 1 year contract:
salary - 90K for 1st year with the potential for incentive bonus
benefits starting after 90 days of employment
1-2 years of employment - 2 weeks PTO, 3-4 years of service = 3 weeks paid time off per year 4+ years of service = 4 weeks paid time off per year
$1,500 CME allowance with an additional week off for CME
The downside: No tail coverage provided
12 month non-compete including a 12 mile radius from any of their offices (they have several), but I am under the understanding it is just related to other cardiology practices.
New grad currently negotiating part-time PA position in Family Practice. I've done clinical rotations and scribed at a Family Practice office in NYC and will be working part-time until I start a Residency program in the fall. Trying to figure out what I should expect in a part-time contract if anything in terms of benefits, PTO, CME, etc. Also, trying to discern if it is in my best interest to be a part-time employee or 1099.
Thanks in advance!
I have 7 years experience as a PA (1 year General Surgery, 3 years IM private practice, and now 3 years at my current position in a family medicine outpatient clinic) in rural Kentucky. It is time for contract negotiations after 3 years of work here. I am outpatient only with no call, 4 days per week; averaging 18-20 patients per clinic day. My base salary is $93k, Encounter based bonuses ($16.59 per encounter over minimum 663 per quarter which does not prove profitable for me so basically my salary is less than $97k total), $2500 CME plus 40 hours PTO, 24 days PTO plus 12 sick days, Malpractice and license fees paid. Insurance and retirement are self funded. No 401k. I have continuously had superior provider ratings, increased clinic volume (with the highest in the local system for at least one year), diligent with completion of charts and never take days off. Recommendations on asking for raise?
So i've received this offer from an UC ,and I was looking over the employment offer and some things stood out to me. I just wanted to get you guys take on it. I've included the concerning parts below.
Does the first part before the non compete clause mean that I cant have a second job outside of the clinic, like if I wanted to do part-time/prn at a hospital? As for the non-compete, is it basically saying I cant work at any other UC for 2 years after I leave? I'd really appreciate the feedback! Thanks
- Employer hereby employs Provider to devote Provider’s working time, best efforts and loyalty to providing health care services as determined by Employer and set forth herein and on Schedule 1.01 attached hereto and made a part hereof. Provider shall provide the Services exclusively for Employer at the Clinics on a full-time basis (as defined in Schedule 1.01). Provider shall not, without the prior written consent of Employer, except as provided on Schedule 1.01(b), render professional services for compensation to or for any person, firm, corporation, or other organization aside from those services rendered pursuant to this Agreement, whether Provider is acting by himself/herself or as an officer, director, employee, shareholder, partner or fiduciary for another.
- Non-Competition Covenant.
(a) Provider recognizes that the covenants contained in this Section 1.14 are an essential part of this Agreement and that, but for the agreement of each of them to comply with such covenants, Employer would not have entered into this Agreement. Provider agrees that during the Term of this Agreement and for two (2) years thereafter Provider shall not:
(i) directly or indirectly, either as principal, agent, employee, independent contractor, consultant, director, officer, employer, manager, medical or nursing director, medical or nursing officer, advisor, stockholder, partner, member, owner or in any other individual or representative capacity whatsoever, either Provider’s own benefit or for the benefit of any other Person (other than Employer or any medical practice, walk-in clinic or urgent care clinic managed by Employer or its Affiliates) either knowingly (A) hire, attempt to hire, contact or solicit with respect to hiring any Other Employee (as hereinafter defined) or (B) induce or otherwise counsel, advise, solicit or encourage any Other Employee to leave or resign his or her employment;
(ii) act or serve, directly or indirectly, as a principal, director, officer, manager, or advisor with or for, or acquire a direct or indirect ownership interest in or otherwise conduct (whether as stockholder, partner, member, investor, joint venturer, or as owner of any other type of interest), any Competing Business (as such term is defined herein); provided, however, that this clause will not prohibit Provider from being the owner of up to two percent (2%) of any class of outstanding securities of any company or entity if such class of securities is publicly traded; or
(iii) directly or indirectly, either as principal, agent, employee, independent contractor, consultant, director, officer, employer, medical director, medical officer, advisor, stockholder, partner, member or owner or in any other individual or representative capacity whatsoever, either for their own benefit or for the benefit of any other Person, call upon, solicit, divert or take away, any patients, customers or clients of the Clinics, or any medical practice, walk-in clinic or urgent care clinic managed by Employer or its Affiliates.
Hello everyone! I had recently posted about a derm offer, but I got another offer at a different practice/state and would love some thoughts on this one.
Salary: 36 hour work week, Training salary for 4 months at a rate of 75K, and then 80K with bonus of 10% for collections exceeding 60K for a 3 month period that will be paid quarterly.
Time off: 2 weeks PTO, 1 week of sick time, 2 days for CME and 2 personal days along with 7 paid holidays.
Malpractice covered. 50% of tail coverage if I stay with practice for 2 years.
Health insurance plan: 280/mo towards it
401K: allowed to enroll after 1 year
Restrictive covenant for 7.5 miles
State: Pennsylvania, outside philly
Counters that I’m thinking:
- I’m okay with the training period salary but will counter with 90K w/ 10% collections
- 5 days for CME
- Tail coverage required now
- CME 2K
- I need to get more info on the health insurance aspect.
I really really like the Physician and she has a great plan for how to train/incorporate me into the practice. I feel like it would be a great opportunity but I also want to ensure I’m making the right decision realistically.
I would love any input from you guys! Thank you!