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Physicians in transition: practice due diligence.

Timothy E Paterick1

  • 1tpaterick@gmail.com

The Journal of Medical Practice Management : MPM
|July 23, 2013
PubMed
Summary
This summary is machine-generated.

Physicians face professional and personal challenges as healthcare shifts to a business model, impacting their autonomy. Due diligence and expert advice are crucial before signing employment agreements with healthcare organizations.

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Area of Science:

  • Healthcare Management
  • Medical Law
  • Physician Employment

Background:

  • The healthcare industry is rapidly evolving into a business-driven model.
  • This transformation impacts physicians both professionally and personally.
  • Physicians are increasingly hired as employees by large healthcare organizations.

Purpose of the Study:

  • To highlight the implications of the business model of medicine on physician autonomy.
  • To emphasize the importance of due diligence for physicians entering employment agreements.
  • To advise physicians on seeking expertise for balanced contract negotiations.

Main Methods:

  • Analysis of the current healthcare landscape and its business model.
  • Examination of physician employment agreements and their legal implications.
  • Review of the concept and necessity of due diligence in contractual agreements.

Main Results:

  • Physician employment within large organizations leads to limitations in practice and personal autonomy.
  • Employment agreements are drafted by legal teams representing the healthcare organization.
  • Physicians lack leverage due to the nature of these legally binding contracts.

Conclusions:

  • Physicians must exercise due diligence before signing employment agreements.
  • Seeking legal expertise is recommended to ensure a balanced agreement.
  • Understanding the terms and implications of employment contracts is vital for physician well-being.