Jump Starting Your Job Search While In Medical School: Part 5

Read  about steps 1 and 2 in Part 1 of this series  here.
Read  about steps 3 and 4 in Part 2 of this series  here.
Read  about steps 5 and 6 in Part 3 of this series  here.
Read  about steps 7 and 8 in Part 4 of this series  here.
One day in the future, all your work will have paid off: You’ll have finished your job interviews and you will be fielding job offers. OK, so it’s a ways away in the future. But it’s valuable to understand the process now; you can spend your time focusing on opportunities that are a true fit for your interests and values. This laser focus on what you want and what you’re good at will mean that the job offers coming your way will be good fits for you. Then, the challenge is simply choosing one.

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How The Timing of your Doctor Job Search Could Lead to a Financial Windfall

You most likely believe the best time to start your medical job search is late autumn of the final year of training. That’s the standard advice, but it may not be the best for you. First, you will be just one of many job-applicants fighting for limited openings. Secondly, you will not have adequate time for preparation—you need your market value report and negotiation skills training completed before you start the process. In the rush to prepare for board exams, move, find a place to live, and find a job all at the same time you may have to skip the prep work and might not be able to bargain for the best deal.

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Negotiating Your First Contract As A Physician

contract

One of the most common mistakes young physicians make when taking a job is accepting whatever is offered. When you are reviewing a job offer and contract, keep in mind that all terms—not just compensation—can be negotiated.
The contract should contain everything discussed in the interview and more. Do not assume verbal statements alone will be remembered or honored. If a certain issue is important to you, make sure to get it in writing. It is also important you take enough time to carefully review the contract, paying attention to all issues that affect you. Do not feel pressure to sign anything you do not fully understand. Courts typically uphold the provisions of the contract, so be careful what you sign.

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Physician Employment Contracts: The Good, The Bad and The Ugly

physician employment contract

In both hospital[1] and group practice settings, physicians are regularly asked to sign employment contracts that the group or hospital may describe as “standard”. While physician employment contracts can define the terms of the employment relationship in helpful ways, they can and often do contain clauses and obligations that may have a long-lasting impact on the physician. When negotiating a contract with a potential employer, physicians are well advised to take a hard look at key contract terms, including termination provisions, non-compete clauses, professional liability insurance terms and indemnification obligations, and negotiate to remove or revise overly burdensome terms prior to the start of the employment relationship.

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