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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the CONTRACTS & COMPENSATION issue PracticeLink.com   FALL 2017 63 There are physicians, and then there are Signature Physicians. Join a winning team. Over 150 physicians have made Signature Healthcare their choice. At Signature Healthcare, physicians are the foundation of our team, with physician representation on our board of directors, integrated care coordination with support staff, and full marketing assistance. Signature Healthcare is an environment where a practice can grow and a physician can excel. Located just 21 miles from Boston, Signature Healthcare a non-profit integrated healthcare system in Southeastern Massachusetts; encompassing the award-winning Brockton Hospital and Signature Medical Group, a multispecialty, multi-site physician group practice caring for patients across seven communities. Working in Southeastern Massachusetts you can access some of the nation's top schools. There is no shortage of cultural events, sporting events, and museums for the whole family to enjoy. In this area you can enjoy a variety of outdoor activities, such as hiking, snowboarding, and skiing. Current Opportunities include: Family Medicine, Internal Medicine, Hospitalist, Complex Care, Neurology, Orthopedics, Surgery. For more information, please contact Carolina Chaves, Physician Recruiter providerjobs@signature-healthcare.org www.signaturephysicians.org (508) 941-7568 Oranges: Opportunities for advancement I would be remiss not to mention a partnership track, although there is such variety here that it is tough to lump them all into one group. Two of the biggest factors to consider are your ability to achieve partner status and group liability. In most partnerships, there is a certain time frame or set of criteria that must be achieved before you become fully vested in the group. These goals need to be reasonable and attainable and should also have some sort of guarantee. Once the goals are met, the partnership should be granted. The track record of the previous success of potential partners is the best indicator of how viable the option is, so don't hesitate to ask about it. Group liability is another easily overlooked factor in a partnership. According to Jason Eppler, M.D., emergency department director at Research Medical Center Emergency Room in Kansas City, Missouri, "partners can incur mutual liabilities not incurred with practice groups in which a physician is an employee. In a simple partnership, partners are financially liable for any malpractice claims against their partners, whether or not they were involved in the claimed incident. Most democratic groups avoid these sorts of problems by creating partnerships in the form of ownership of shares in a corporate entity. Equal shareholder status can create a functional partnership in group decision- making and other areas important to the physician, while reducing the legal and financial risks of a classic partnership." Apples: Payment structure A relative value unit (R v u ) is simply a unit of measure by which to judge the dollar value of any medical action. According to Petersen, "if you go into a R vu -based comp model, be sure you feel very comfortable not only with the financial aspects of the plan itself, but also your ability [to] chart and knowledge of billing practices." In addition, be sure you have

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