4th Year Advanced Endoscopy Fellows Program | October 2021-Job Interview and Contracts

Video Transcription

Video Summary

In this video, Dr. Drew Schembre discusses important considerations and negotiation points when reviewing an employment contract. He emphasizes the need to know what you want in a job and prioritize those factors. Dr. Schembre highlights the importance of understanding the term and termination clauses, including what happens in the event of a sale or bankruptcy of the practice. He advises paying attention to insurance coverage, such as tail coverage for malpractice claims, and negotiating restrictive covenants and non-solicitation clauses to minimize their impact. Dr. Schembre also discusses compensation, including base salary, bonuses, and partnership tracks, and suggests negotiating benefits such as relocation bonuses, time off, and retirement plans. He recommends reviewing sample contracts, seeking advice from experienced colleagues, and considering resources such as ACP's employment contract guide. Overall, Dr. Schembre encourages physicians to be proactive in negotiating contracts, understanding their rights and protections, and considering the long-term implications of the agreement.

Keywords

employment contract

negotiation points

term and termination clauses

insurance coverage

compensation

restrictive covenants

benefits

physicians