One of the most important parts of any physician job search comes right at the end of residency – when its time to negotiate the physician contract. However, this is the part many physicians are most uncomfortable with. Once you receive an attractive offer, you may be tempted to just accept it, sign the contract and get to work. This mistake can lead to lost compensation, unsatisfactory working conditions, and missed opportunity that may have you looking for a new job in a few years. On the other hand, a good negotiation and careful review of the contract can make all the difference.
The contract should contain everything discussed in the interview and more. Do not assume verbal statements alone will be remembered or honored. If a specific issue is important to you, make sure it is in writing. It is important to take time to thoroughly review the proposed contract, making sure that all issues that are important to you are covered by the written contract.