PracticeLink Magazine

FALL 2017

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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36 FALL 2017 by regional market factors and compensation surveys conducted by organizations such as M g M A. Salaried positions with incentives are usually easy to understand. H o w e v e r, m a n y p r a c t i c e s compensate their physicians using a wR vu model. This compensation is based on work units performed rather than the number of patients seen. Ensure you understand how you will be paid for what you do. Understand: What benefits are offered In addition to compensation, you need to ask about the benefits offered by the employer. Typically, employers offer health insurance, license fees, medical staff dues and continuing medical education stipends. Also, many physician employees get three to four weeks of paid vacation and CM e time. If your compensation is based in part on productivity, you will need to understand how your income may be affected when you take time off. Understand: Your options for retirement Many employers also prov ide reti rement pla ns. I n genera l, hospita ls a nd hea lth system employers offer a better range of benefits and more retirement options than private practices. Also, most employers pay for malpractice insurance. One thing to remember to ask about in the contract is if the employer pays for malpractice "tail" coverage. This covers incidents that happen during employment but are not litigated until after employment ends.

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