Days Off

4-6 weeks is average; including vacation, CME, and sick days.

Annual CME

Expenses $1500-$2500 is average. Specify what this exactly covers such as travel, lodging, registration, etc.

Other Benefits

• Health Insurance, for yourself and your family
• Disability Insurance
• Malpractice Insurance
• Pension Plans
• Covering other costs such as pager, cell phone, ....if it's important to you, than make sure it is spelled out in the contract
• Tail Insurance-(this is insurance that covers claims for any malpractice you may have done while working for the practice. If you are fired, then the practice should have to pay for this insurance. If you leave, often the practice will expect you to pay for the coverage.)
• Recruiting Expenses--will they pay for your moving expenses, exam fees, license fees?

Termination

Restrictive Covenants

These are essentially non-compete clauses stating that if you leave the group you can not practice in a certain geographic area for a certain length of time. These clauses may or may not be enforceable in your state. You should negotiate that if you are terminated without cause than the non-compete clause becomes void.

Right to Become a Shareholder

Eligibility Requirements to become a "partner". Elements of the purchase price:

• Payment for share of hard assets
• Payment for goodwill-(if you are asked to pay for this it should be based on the stability on "non-patient revenues" i.e. in this day and age you should not be paying for a practice's "good name," but could be expected to pay for the goodwill of an extremely successful practice with good equipment in place)
• Payment for accounts receivable