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You are here: Home > Business > Negotiation > Ten Things A Doctor Joining a Medical Group Must Know Before Signing Your Employment Contract |
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Casual Articles - Ten Things A Doctor Joining a Medical Group Must Know Before Signing Your Employment Contract
Personality Testing; Myth and Realities many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees?It is commonly believed myth that personality testing instruments can measure your personality and predict your future behaviors. The pre-employment testing mechanism has been following this creed without any solid evidence. The testing industry claims all out validity. The educational institutions and employer organizations use them for screening purposes. Their transparency and equity has even convinced the courts of law.B 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do par Dynamic Personality Types And Career Choices BEFORE JOINING A MEDICAL GROUP, YOU MUST LEARN THE ANSWERS TO THE FOLLOWING QUESTIONSMan is so made that he can only find relaxation from one kind of labor by taking up another – Annatole France in The crime of Sylvestre Bonnard.It is common knowledge that people of different personalities tend to identify themselves with different career or job profiles. Professional satisfaction is predominantly connected to your attitude and your personality traits. Another point you need to keep in mind is the personalit 1. Who owns the property where your office is located? 2. If one or more partners own the property, do they charge your Group rent for the space it occupies? To understand this, let’s say that your Group has three doctors. Dr. Senior Citizen bought the building 15 years ago, where your office is located. He’s now the landlord. Dr. Middle Aged, and Dr. Young Un’ are employees of the Group. Your Group then pays rent, as it always did to the landlord. But now, the landlord just happens to be the senior partner of the Group. In reality, he’s paying himself money from his practice for rent. Believe it or not, this is totally legitimate. He’s using pre-tax dollars to pay his office rent. He’s then receiving rent from the Group to pay any mortgage or other expenses he has on the building, like maintenance and upgrades. I’ll bet you anything that he’s making a profit on his investment. It’s a strange situation and gives the appearance that there’s something wrong with this set-up, but most times there’s nothing wrong with doing this. The senior partner could just as easily have bought a building down the street. But shouldn’t Dr. Senior Citizen at least give his Group a discount on the rent? From Dr. Citizen’s point of view, why should he? From the Groups’ perspective it seems greedy that Dr. Senior Citizen won’t reduce the rent, thereby leaving more money in the Group to pay the employees a bonus at the end of the year. This has happened in a number of Groups and the employees wind up paying their partners for the benefit of renting space the Group or a member of the Group already owns! This tends to generate animosity because the Partners are clearly benefiting from owning the property at the expense of their associates. The employees of the group need to understand that the owner of the property deserves to be paid regardless of who the landlord is. In most cases, it is not the Group that owns the building but rather one or two of the partners that own it directly either personally or through a corporate entity. If the medical Group owned the building then this scenario would be different, and it would be a good idea to address this point further. 3. How much time is left on your office lease? 4. How many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees? 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do part Write Attention Getting Ads s to be the senior partner of the Group. In reality, he’s paying himself money from his practice for rent. Believe it or not, this is totally legitimate. He’s using pre-tax dollars to pay his office rent. He’s then receiving rent from the Group to pay any mortgage or other expenses he has on the building, like maintenance and upgrades. I’ll bet you anything that he’s making a profit on his investment. It’s a strange situation and gives the appearance that there’s something wrong with this set-up, but most times there’s nothing wrong with doing this. The senior partner could just as easily have bought a building down the street. But shouldn’t Dr. Senior Citizen at least give his Group a discount on the rent? From Dr. Citizen’s point of view, why should he? From the Groups’ perspective it seems greedy that Dr. Senior Citizen won’t reduce the rent, thereby leaving more money in the Group to pay the employees a bonus at the end of the year.The most important aspect of any business is selling the product or service. Without sales, you are not generating any income and your business will not survive. All sales begin with effective and powerful advertisements. To build sales the ad must get the buyer to act. The ad writer must know what he or she wants the buyer to do.All ads are written with a basic formula, which is:1. Attract the attention of your p This has happened in a number of Groups and the employees wind up paying their partners for the benefit of renting space the Group or a member of the Group already owns! This tends to generate animosity because the Partners are clearly benefiting from owning the property at the expense of their associates. The employees of the group need to understand that the owner of the property deserves to be paid regardless of who the landlord is. In most cases, it is not the Group that owns the building but rather one or two of the partners that own it directly either personally or through a corporate entity. If the medical Group owned the building then this scenario would be different, and it would be a good idea to address this point further. 3. How much time is left on your office lease? 4. How many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees? 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do par How To Become A Video Game Tester sily have bought a building down the street. But shouldn’t Dr. Senior Citizen at least give his Group a discount on the rent? From Dr. Citizen’s point of view, why should he? From the Groups’ perspective it seems greedy that Dr. Senior Citizen won’t reduce the rent, thereby leaving more money in the Group to pay the employees a bonus at the end of the year.Do you love video games? Do you want to enter into the video game industry? Are you organized and can locate bugs in computer games? If you answer yes to all the questions above, then you have the making of a good video game tester. If you only have one or two yeses to the above questions then you need to read further.If you want to know how to become a video game tester, first you will need to understand video game testing This has happened in a number of Groups and the employees wind up paying their partners for the benefit of renting space the Group or a member of the Group already owns! This tends to generate animosity because the Partners are clearly benefiting from owning the property at the expense of their associates. The employees of the group need to understand that the owner of the property deserves to be paid regardless of who the landlord is. In most cases, it is not the Group that owns the building but rather one or two of the partners that own it directly either personally or through a corporate entity. If the medical Group owned the building then this scenario would be different, and it would be a good idea to address this point further. 3. How much time is left on your office lease? 4. How many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees? 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do par What is Six Sigma? are clearly benefiting from owning the property at the expense of their associates. The employees of the group need to understand that the owner of the property deserves to be paid regardless of who the landlord is.Six Sigma is a highly disciplined process focused on satisfying customers by delivering nearly perfect products and services. In today’s competitive market, consistently maintaining satisfied customers is essential to growth and success. Major corporations such as GE, Motorola, Honeywell and Ford, have demonstrated significant savings and increased profits by implementing Six Sigma processes in their business.The Six Sigma p In most cases, it is not the Group that owns the building but rather one or two of the partners that own it directly either personally or through a corporate entity. If the medical Group owned the building then this scenario would be different, and it would be a good idea to address this point further. 3. How much time is left on your office lease? 4. How many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees? 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do par Advertisements many doctors work in the Group? How many are partners? How many full partners? How many partial or non-equity partners? (A non-equity partner is someone who is held out to the public as a ‘partner’ yet does not share in the profits of a true ‘partner’ A non-equity partner will usually be paid a higher salary than when he was simply an employee. The downside is that as a non-equity partner, you have no right to, and cannot claim any portion of the profits.) How many physician employees?Love or hate ‘em, you’re hitched to advertisements, and by default, also to their fine print. There are many discussions on whether ads work, what effect they have and who they’re really intended for. We don’t, as a whole, take ads seriously unless we are one of the converted. Yet we should take small print in ads seriously, especially if we are converted.In print, ads are not so much of a bother; we can easily skip over the 5. How many staff do you employ? 6. Hours of operation? 7. Call schedule? Do partners take equal call? Do associates take same call as the partners? 8. How many days per week are you expected to see patients in the office? 9. How many offices will I need to travel to? 10. Do I rotate through different offices or do I stay in one office? Even before you start to negotiate your physician employment contract, you need information- lots of it. The only way to get that information is to ask lots of questions. This way, you'll be better informed, and better able to evaluate your options.
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