PracticeLink Magazine

FALL 2014

The career development quarterly for physicians of all specialties, PracticeLink Magazine provides readers with feature articles, compensation stats, helpful job search tips—as well as recruitment ads from organizations across the U.S.

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68 | PracticeLink.com FALL 2014 valuation of the buy-in • A provision that ensures the buy-in valuation method matches the buy-out valuation method The potential for ownership can leave many unan- swered questions. Guard against vague partnership paths that you won't ever attain. "Make sure the group doesn't have a history of bringing people in and then letting them go," Price says. Return on investment for an employment law attorney The cost range for an attorney consult and handling of a contract negotiation varies tremen- dously, from a few hundred to a few thousand dollars. "Those numbers can change a bit depending on several factors, including whether it is a frst-time contract, if only contract review is needed, or if review and negotiation are needed together," Hursh says. No matter what you pay, make sure you have the right attorney for the job. Author Maria K. Todd says, "It's one thing to fnd a health care attorney that knows managed care, but fnding one that knows employment law—that's a very rare breed." Your attorney will need to know all the labor guidelines and nuances of regulatory compliance like the Stark law, the Anti-Kickback statute, the False Claims Act (FCA), the Exclusion Authorities, and the Civil Monetary Penalties Law (CMPL). "Those are all criminal and not civil matters," explains Todd. "It's this really narrow tight rope they must walk, and physicians need good guidance for that." Hursh says it's diffcult to put an approximate ROI on legal advice in this stage of a physician's career. "Sometimes it's huge in the area of time. Often an attorney can offer legal advice that leads to a better lifestyle, and if you look at the covenant/non- compete…well, thousands could be at stake there." l Marcia Horn Noyes is a frequent contributor to PracticeLink Magazine. Read more about our contributors on page 16. Come join our leadership teams. cogenthealthcare.com/pl Roberta Todrzak at 888.328.7807 or by email at todrzak.roberta@cogenthealthcare.com Western Maryland Health System Cumberland, Maryland – Program Medical Director u New seven-story 585,000 square-foot space with 275 beds u Awarded the Silver Performance Achievement Award by the American College of Cardiology South Georgia Medical Center Valdosta, Georgia – Program Medical Director u Serves a 15-county area in S. Central Georgia and N. Florida u 335-bed, not-for-proft general and acute care facility and 2 off-site campuses Regional Medical Center at Memphis (The MED) Memphis, Tennessee – Academic Program Medical Director u One of the largest teaching sites for the Univ. of TN Health Science Center u Memphis is the 2nd largest metropolitan area in Tennessee Indiana University Hospital Bloomington, Indiana – Program Medical Director u 264-bed nationally ranked hospital u Part of Indiana's most comprehensive healthcare system Jewish Hospital Louisville, Kentucky – Program Medical Director u 462-bed tertiary referral center u Federally designated to perform all fve solid organ transplants Genesis Medical Center Davenport, Iowa – System Medical Director Offering Sign-On and Retention Bonuses u 502-bed medical center u The frst in the Quad Cities, and just the fourth in Iowa to achieve and retain nursing's highest honor–Magnet designation Confident Negotiations Continued from page 67 Find your dream practice—and enter to win a GoPro camera—at PracticeLink.com/Win WIN

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