Comments on: Just Sign on the Dotted Line http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/ An educational community for students and doctors spanning all the health professions. Sun, 22 Nov 2009 05:10:17 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Recruiter http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1463 Recruiter Wed, 25 Jun 2008 16:20:35 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1463 I do agree with this article, but I have a few points to make. I am a Recruiter with a very large anesthesia group in a metropolitan city. I can assure you, we as recruiters want you to know and understand EVERYTHING. I do not want to waste my time or yours by overpromising and selling a job to you that I will just have to recruit for again when you decide to leave. I can see this sort of thing happening with agency recruiters whose paycheck depends on how many providers they place that week. But being a recruiter who works for the actual group and does not get any added bonuses, I try to make a fit all the way around. I would suggest that you really research the location, the prospective employer, as well as meet other providers within the group. Also, make sure you have a recruiter that you feel you can trust and one that has your best interest in mind instead of their own. Also, although money is important, keep in mind that going for the highest bidder is not always the best option. More times than not, I have lost providers to other groups who chose compensation over the quality of our group and they got burned. They didn't seem to care about the location, traffic, payor mix, and types of patients they would be dealing with at the time they saw dollar signs. Then I get calls a month later hearing their regret and asking for that opportunity that is now lost. I do agree with this article, but I have a few points to make. I am a Recruiter with a very large anesthesia group in a metropolitan city. I can assure you, we as recruiters want you to know and understand EVERYTHING. I do not want to waste my time or yours by overpromising and selling a job to you that I will just have to recruit for again when you decide to leave. I can see this sort of thing happening with agency recruiters whose paycheck depends on how many providers they place that week. But being a recruiter who works for the actual group and does not get any added bonuses, I try to make a fit all the way around. I would suggest that you really research the location, the prospective employer, as well as meet other providers within the group. Also, make sure you have a recruiter that you feel you can trust and one that has your best interest in mind instead of their own. Also, although money is important, keep in mind that going for the highest bidder is not always the best option. More times than not, I have lost providers to other groups who chose compensation over the quality of our group and they got burned. They didn’t seem to care about the location, traffic, payor mix, and types of patients they would be dealing with at the time they saw dollar signs. Then I get calls a month later hearing their regret and asking for that opportunity that is now lost.

]]> By: faraidoon http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1464 faraidoon Sat, 14 Jun 2008 15:28:26 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1464 what is the exact job? what is the exact job?

]]> By: krm http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1466 krm Wed, 11 Jun 2008 22:59:23 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1466 Should one expect to have full tail coverage from day one? Some seem to cover only part for the first two years and then only cover 100% if one continues into the third year. And is this negotiable? Should one expect to have full tail coverage from day one? Some seem to cover only part for the first two years and then only cover 100% if one continues into the third year. And is this negotiable?

]]> By: Jim http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1465 Jim Mon, 09 Jun 2008 17:15:36 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1465 I have been in practice for 2 years now. I negotiated my contract to the bitter end. My advice is this: #1 KNOW WHAT YOU ARE WORTH! No one is going to offer you what you are worth, they are going try to get a bargain for your services. For instance, I have a close friend who I trained with. We both had similar starting offers. The 1st year he made 10% more than me, but his salary never changed. The second year I made 1.5 times what he did and this year I will make 2.5-3 times what he will make. We are both in the same specialty and work similar hours. #2 KNOW HOW YOUR COMPENSATION IS BEING CALCULATED. If you are paid for productivty, you are either being compensated by charges/receipts vs. RVUs. There are alot of variables regarding compensation, so I won't go into details. Just make sure you know how your pay is calculated. Also, make sure you know how denials affect your compensation. #3 CHECK YOUR PARACHUTTE! Simply put, make sure you know what happens if you are not satisfied and decide to leave. What happens to your bonus? Do you have to pay it back? Is there a restrictive covenant? Do you have to pay for your own TAIL INSURANCE? I have been in practice for 2 years now. I negotiated my contract to the bitter end. My advice is this:

#1 KNOW WHAT YOU ARE WORTH! No one is going to offer you what you are worth, they are going try to get a bargain for your services. For instance, I have a close friend who I trained with. We both had similar starting offers. The 1st year he made 10% more than me, but his salary never changed. The second year I made 1.5 times what he did and this year I will make 2.5-3 times what he will make. We are both in the same specialty and work similar hours.

#2 KNOW HOW YOUR COMPENSATION IS BEING CALCULATED. If you are paid for productivty, you are either being compensated by charges/receipts vs. RVUs. There are alot of variables regarding compensation, so I won’t go into details. Just make sure you know how your pay is calculated. Also, make sure you know how denials affect your compensation.

#3 CHECK YOUR PARACHUTTE! Simply put, make sure you know what happens if you are not satisfied and decide to leave. What happens to your bonus? Do you have to pay it back? Is there a restrictive covenant? Do you have to pay for your own TAIL INSURANCE?

]]> By: Joe http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1467 Joe Sat, 07 Jun 2008 15:26:46 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1467 Location, Location, Location. I can't say it enough and I speak from experience. If you, your spouse, or children are not happy living where you are living, it doesn't matter how much money you are making. That's a guarantee. Location, Location, Location. I can’t say it enough and I speak from experience. If you, your spouse, or children are not happy living where you are living, it doesn’t matter how much money you are making. That’s a guarantee.

]]> By: Peter http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1470 Peter Mon, 19 May 2008 20:04:28 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1470 Review, review your contract. And love your location and what you are doing. Review, review your contract. And love your location and what you are doing.

]]> By: Julio http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1469 Julio Mon, 19 May 2008 04:05:43 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1469 Wherever you sign, make sure you have that exit clause and that your job description matches up with what you want to do with your life. I know doc who had to break her contract b.c her institution moved away from teaching (which she loved). Now she has to stay out of a specific area and is rebuilding her pt. base from scratch. Nothing rattles this doc, but she actually seems a lil bitter about the whole process... Wherever you sign, make sure you have that exit clause and that your job description matches up with what you want to do with your life. I know doc who had to break her contract b.c her institution moved away from teaching (which she loved). Now she has to stay out of a specific area and is rebuilding her pt. base from scratch. Nothing rattles this doc, but she actually seems a lil bitter about the whole process…

]]> By: RR http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1468 RR Fri, 16 May 2008 20:12:10 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1468 You MUST negotiate well for yourself. Your employer/partner firm is looking for someone to raise their "bottom line." As the author said, if that is not your cup of tea, then you must settle with a group whose philosphy (sp) you agree with. You MUST negotiate well for yourself. Your employer/partner firm is looking for someone to raise their “bottom line.” As the author said, if that is not your cup of tea, then you must settle with a group whose philosphy (sp) you agree with.

]]> By: Gian http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1488 Gian Thu, 15 May 2008 00:46:58 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1488 Man, just about in anything else, you have to sell yourself to the highest bidder but knowing you have to deliver after all's said and done. Man, just about in anything else, you have to sell yourself to the highest bidder but knowing you have to deliver after all’s said and done.

]]> By: sean http://www.studentdoctor.net/2008/05/just-sign-on-the-dotted-line/#comment-1476 sean Tue, 13 May 2008 18:10:42 +0000 http://studentdoctor.net/blog/2008/05/03/just-sign-on-the-dotted-line/#comment-1476 Does one have to negotiate salary? sell self? Does one have to negotiate salary? sell self?

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