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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70 FALL 2017   PracticeLink.com features terminated early in his employment—with only a few paychecks under his belt— paying for the expensive coverage would be a financial struggle. With the help of Sprinkle, they came up with more agreeable terms. "We negotiated that I wouldn't be responsible for the tail if, during the first 18 months of employment, I was terminated without cause, died or became disabled," Prenshaw says. "[Without this clause], it is unlikely I would have been able to afford the tail coverage [had an early termination occurred]." Before you sign: Study the details of your professional liability insurance. Be sure you'll have — and can afford — coverage for claims raised post-termination. Mistake #4: You haven't thought about the noncompete clause in your contract Standard to most employment contracts is a restrictive covenant, which prevents you from terminating your employment and immediately going to work for a group or hospital that is deemed a competitor. More commonly known as a noncompete clause, these can severely limit your future options. "Many people have the wrong idea that covenants aren't enforceable," says Nanette O'Donnell, partner with Duane Morris ll P in Miami. "It varies by state, but states do enforce them." Typically, the clause defines a mile radius, as well as a length of time, that restricts you from working for a competitor — for example, within a 10-mile radius of your former employer for a period of two years. "It's best to work with someone to negotiate the language and to soften the restrictions," O'Donnell suggests. Reducing either distance or time (or both) is preferable. Also make sure you are fully aware of the scope of the restriction. "If you're working for a large entity with multiple offices, the location restriction may apply Hilary Fairbrother, M.D., turned down an offer with a large group in favor of a smaller practice after reading through the group's proposed employment contract. · Photo by I h NY Concierge See this issue's physicians in exclusive video interviews at Facebook.com/PracticeLink

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