#12| Navigating Physician Contracts: Legal Insights for New Doctors

Michael Johnson, founder of Michael Johnson Legal, shares essential insights about physician employment contracts and reveals why these agreements are typically more aggressive than those in other industries.• Understanding physician contracts is critical for career autonomy and financial well-being• The majority of clients are physicians entering their first employment agreement after training• Best practice is to start job search 9-18 months before completing training• Get educated on compensation structures before interviews - most physicians are paid on volume, not just base salary• Typical compensation ranges from 40-45% of net collections or varying work RVU rates depending on specialty and location• Non-compete clauses remain enforceable in most states and can force physician relocation• The "non-negotiable contract" myth: most employers will make reasonable adjustments when approached professionally• Legal representation typically costs $1,000-$2,000 - a small fraction of the contract's value• Two most concerning contract terms: inability to terminate without cause and restrictive non-compete clauses• Educational resources available at michaeljohnsonlegal.com and through the Instagram account @physiciancontractsCheck out our educational course - nine hours of CME-eligible content at physiciancontracts.com that can help you prepare for this important career transition.