ASGE Annual GI Advanced Practice Provider Course (On-Demand) - Onboarding (Day One) | March 2025-Contract Negotiations and Defining Your Value

Pdf Summary

John A. Martin, MD, FASGE, presents a comprehensive discourse on contract negotiations and defining professional value aimed at healthcare providers, particularly Advanced Practice Providers (APPs). His presentation focuses on empowering professionals to understand and negotiate their worth effectively.<br /><br />The presentation begins by emphasizing the importance of negotiation as a means to achieve appropriate compensation, outlining that while total compensation includes salary, incentives, bonuses, and benefits, understanding the full value package is crucial. Dr. Martin points to the necessity of basing negotiations on solid data and objective comparisons, advising professionals to research current compensation trends relevant to their specialty, geographic location, and experience. The average hourly pay rates across states and varied compensation models are discussed to provide a benchmark for negotiations.<br /><br />Dr. Martin stresses the significance of knowing one's value, which includes not just clinical and technical skills but also the personal qualities that contribute to a positive workplace environment. This knowledge helps leverage negotiations and ensures professionals get compensated fairly for their unique contributions.<br /><br />He outlines the negotiation process, stressing preparedness, such as understanding what is negotiable and what isn't, and maintaining a professional demeanor throughout the interaction. Essential negotiation skills include confidence, clear communication, and the ability to listen and adapt. The presentation underscores the significance of follow-up after negotiations to cement professional respect and relationships.<br /><br />Finally, Dr. Martin suggests engaging with legal professionals for contract evaluations to ensure well-negotiated terms. Overall, the presentation serves as a guide to APPs for successful negotiation to enhance career satisfaction and compensation packages comprehensively.

Asset Subtitle

John Martin, MD, FASGE

Keywords

contract negotiations

professional value

healthcare providers

Advanced Practice Providers

compensation trends

negotiation skills

career satisfaction

salary and benefits

legal contract evaluation

professional development