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Drafting a sound physician employment agreement
1Gorsuch Kirgis, Denver, CO, USA.
Summary
Group practices face risks from contractual physicians, including competition and confidentiality breaches. Carefully drafted employment agreements can mitigate these risks, protecting the practice from financial losses and strengthening its market position.
Area of Science:
- Healthcare Management
- Legal Aspects of Medicine
Background:
- Group medical practices often engage physicians on a contractual basis.
- This employment model presents unique challenges and potential risks for the practice.
Purpose of the Study:
- To identify key risks associated with employing physicians contractually.
- To propose strategies for mitigating these risks through employment agreements.
Main Methods:
- Analysis of potential risks in physician employment contracts.
- Review of contractual provisions to minimize practice liability and competitive threats.
Main Results:
- Identified risks include physician competition, practice liability for external services, and confidentiality breaches.
- Specific contractual clauses can effectively address and minimize these identified risks.
Conclusions:
- Proactive drafting of employment agreements is crucial for group practices.
- Well-structured contracts enhance practice stability, protect against losses, and improve market standing.