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Something old is something new again: structuring physician practice acquisitions.

Roger Strode¹, Carsten Beith

¹McDermott Will & Emery LLP, Chicago, USA. rstrode@mwe.com

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|July 11, 2009

Summary

Physician employment contracts require careful review of practice hours, hospital control, and relocation clauses. Key considerations also include compensation, benefits, and non-compete agreements to ensure fair terms.

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Area of Science:

Medical Law
Healthcare Administration

Background:

Physician employment contracts are critical legal documents.
Understanding contract terms is essential for physicians entering practice.

Purpose of the Study:

To outline key clauses in physician employment contracts.
To guide physicians in contract negotiation and review.

Main Methods:

Analysis of standard physician employment contract components.
Identification of critical terms requiring careful consideration.

Main Results:

Essential contract elements include practice hours and hospital control.
Relocation clauses, compensation, benefits, and non-compete covenants are significant.

Conclusions:

Thorough review of physician employment contracts is crucial.
Attention to specific clauses protects physician rights and practice stability.