Contact us at: info@physiciancontractadvantage.com
What is Physician Contract Advantage (PCA)?
Physician Contract Advantage (PCA) is a business consulting firm that provides a wide range of services to physicians in all career stages and all specialties who are contemplating signing an employment agreement. One of the biggest challenges physicians face is identifying and addressing some of the unique contractual obligations in an employment agreement, and understanding how these obligations may affect his/her professional practice, personal life, and career goals. PCA’s comprehensive and individualized analysis of a physician’s employment contract ensures that the physician’s interests are protected. PCA also assists physicians to identify overlapping objectives and develop negotiation strategies to generate contractual options that will result in a high level of satisfaction while accommodating both parties.
The Physician's Advantage
Most physicians believe they have little choice but to accept “in toto” the contract as it is originally presented to them. Others make the mistake of thinking everything is negotiable. The truth lies somewhere in the middle and will vary depending on individual circumstances. Although many physicians engage an attorney or legal counsel to review and negotiate the contract, many contractual issues are often left unaddressed because of an attorney’s lack of expertise in the physician’s specialty and/or employer type. These physicians who engage an attorney or legal counsel may not receive a comprehensive and diligent review of the contract, leaving the physician unprotected and highly susceptible to future risk. Since an employment contract is one of the most important financial and career decisions a physician makes, any misunderstandings or omissions in the contract can have serious and significant consequences.
PCA provides a complete and comprehensive review of your employment contract by implementing a unique and ground-breaking strategy to address all professional, contractual, and business issues in the contract. Your contract will be reviewed by the PCA Expert Team and the PCA Physician Team.
- The PCA Expert Team consists of a group of benefit specialists, accountants, healthcare attorneys, and healthcare consultants who specialize in reviewing and negotiating physician employment agreements.
- The PCA Physician Team consists of a group of medical professionals and physicians in various specialties that have experience practicing in a wide range of employment settings including small/solo practice, single or multi-speciality practices, hospitals, large-group practices, government-based, academic institutions, corporations, and HMO-based practices.
The PCA Expert Team and PCA Physician Team will work together to evaluate terms, re-draft contract language, provide recommendations, and bring additional negotiating expertise to the table. PCA will help you build a win/win agreement for you and your employer without creating discord.
The PCA Focus
PCA will provide you with a comprehensive review of any physician employment agreement. In addition to providing you with an organized and easy-to-read summary report of your contract, PCA will provide you with negotiation tips to avoid contractual pitfalls with a focus on the following critical issues:
- Compensation and Benefits
- Salary and Incentive Pay
- Ownership/Partnership
- Outside Activities
- Duties and Requirements
- Restrictive Covenants & Non-Solicitation Clauses
- Contract Term
- Termination
- Gap/Tail Insurance
- Assignability
- Governing law and Jurisdiction
- Arbitration