BC Advantage - 2017 Issue 3
BRINGING IN A NEW ASSOCIATE Future Friend or Foe?
Subscribe or sign in to view the full article.
Article Overview
This article discusses broad considerations for bringing a new physician associate into a practice and planning for a possible future partnership. It is aimed at practice owners, administrators, and physicians evaluating employment terms, financial expectations, responsibilities, and the general path toward partnership. The piece covers contract planning, compensation structure, overhead and incentive concepts, confidentiality, ownership concerns, restrictive covenants, and practical topics that can affect long-term fit and retention.
Why This Topic Matters
Clear expectations early in the hiring process can help practices avoid disputes, improve alignment between the parties, and support a smoother transition from employee status to possible ownership. The article is relevant to medical practice leaders who want a structured approach to associate recruitment and partnership planning.
Article Sections
-
Employment
Discusses broad employment topics to consider when evaluating and onboarding a new associate, including role expectations, scheduling, benefits, space, and general practice environment.
-
Road to Partnership
Outlines general areas to address when planning for a possible future partnership, including financial structure, valuation concepts, marketing expectations, and management involvement.
What You Will Learn
- What topics are commonly discussed when drafting an associate employment arrangement
- What broad issues should be clarified before considering future partnership
- How practices may think about compensation, overhead, and incentive planning in general terms
- Why ownership, confidentiality, and restrictive covenant topics matter in associate agreements
- What non-clinical factors can influence long-term associate fit and retention
Who Should Read This
- Physician practice owners
- Medical group partners
- Practice administrators
- Healthcare managers
- Physicians considering associate employment or partnership
Subscribe or sign in to view the full article.
Quick, Current, Complete - www.findacode.com