A good contract by definition is one that is fair and reasonable and is a win-win situation for everyone involved. But how do physicians ensure they are getting a good contract before agreeing to work for a hospital or group practice?
Understand the pros and cons of various compensation methods you might be offered in an employment contract.
It’s important to have open and ongoing communication with your facility administrators to maintain an accurate compensation plan. To ensure you are paid for the work you do, it’s essential to be actively involved in reviewing work Relative Value Units (wRVU) calculations.
Traditionally, the sales price — or value — of a medical practice depends on the clinical specialty, the operating costs of the enterprise, and certain performance metrics.
Whether you’re just starting out, joining an established group, or need help growing your practice, tap into TMA education and professional development programs to learn about everything from medical records management to marketing. No matter how you choose to practice, be sure to access free TMA resources for personal and professional growth.
See What TMA Has To Offer
Physicians can get paid during credentialing.
How TMA helped an employed physician put her passion into practice
Read About Dr. Mohammed-Strait
Got questions about Physician Employment in Texas? Call the Knowledge Center.
TMA Career Center
New to Texas
Physician Contracts Resource Center
Practice Consulting - Closing or Selling Your Medical Practice
The Joint Commission (TJC), the Texas Medical Board, and other entities have standards that require physicians to maintain professional conduct and acceptable behavior and may discipline or take other adverse action against physicians who exhibit unprofessional conduct or disruptive or inappropriate behavior.
Read the White Paper
Employer-provided benefits are often limited, and you may lose your coverage when you change jobs. At TMA Insurance Trust we can help. Contact us today.
When you visit any of our websites, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and manage your preferences. Please note, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
These cookies are necessary for our website to function properly and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms or where they’re essential to provide you with a service you have requested. You cannot opt-out of these cookies. You can set your browser to block or alert you about these cookies, but if you do, some parts of the site will not then work. These cookies do not store any personally identifiable information.