CHICAGO, IL--(Marketwired - July 31, 2014) - As part of its commitment to help physicians navigate evolving issues in medicine, the American Medical Association (AMA) today released a new resource to help physicians negotiate business and legal issues common to group practice employment contracts.
The Annotated Model Physician-Group Practice Employment Agreement is intended to meet increased physician interest in employed positions. The handbook offers prospective employees and practice owners a valuable primer when preparing to negotiate an employment agreement, including thorough descriptions of common contract terms, in-depth explanations of business and legal consequences, negotiation tips and sample contract provisions.
"Physicians often need to navigate complex issues when negotiating agreements with their current or prospective employer and this new AMA resource will ensure physician interests can be fully taken into account in these discussions," said AMA President Robert M. Wah, M.D. "By helping physicians successfully navigate this choice, the AMA hopes to establish sustainable medical practices that result in optimal health outcomes for patients and greater professional satisfaction for physicians."
Physician interest in employed positions is expected to continue with more physicians entering into employment and other contractual relationships with group practices, hospitals, and health systems. According to a recent AMA study, nearly 42 percent of patient care physicians are in employed positions.
Additional AMA resources on employment and contractual relationships include:
- Physician Employment Resources Website - An online repository for a variety of resources to help meet the unique needs of a growing population of employed physicians.
- Annotated Model Physician-Hospital Employment Agreement - An educational primer addressing the specific needs of physicians who are preparing to negotiate employment contracts with hospitals.
- Principles for Physician Employment - A framework to help guide physicians and their employers as they collaborate on providing safe, high-quality and cost-effective patient care.
AMA members can obtain the new handbook on group practice employment contracts free of charge. Non-members may purchase the handbook through the AMA Store.
About the AMA
The American Medical Association is the premier national organization dedicated to empowering the nation's physicians to continually provide safer, higher quality, and more efficient care to patients and communities. For more than 165 years the AMA has been unwavering in its commitment to using its unique position and knowledge to shape a healthier future for America.