Hospital Employment Contracts: Renegotiate After Term Expiration

With the increasing trend of hospital employment many physicians are now on a salary with their associated hospital.  However once the term ends they still have negotiating power when considering re-signing.

American Medical News has just published an article with 5-steps to re-negotiate a contract before it expires to continue to make a long-term sustainable employment contract.  The article suggests these 5 tips to negotiate your new physician employment contract:

1. Know your renewal date

2. Use data to support your request

3. Consider how pay is structured

4. Ask about pay for nonclinical duties

5. Bring up retirement and other personal matters

Just because many physicians are now hospital employed doesn't mean they no longer have any negotiation power.

Read the full article in American Medical News, or click here:
http://www.ama-assn.org/amednews/2013/01/14/bisa0114.htm?utm_source=nwltr&utm_medium=heds-txt&utm_campaign=20130114