Bonuses, Contract Negotiations, and Tail Insurance for Physicians, Ep #14

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October 1, 2024 • 33 mins

What are some important things to consider the year you leave your residency and enter your first attending job? Transitions, no matter what they are, are typically accompanied by financial considerations. But there are many things that new physicians have to consider, from bonuses and contract negotiations to tail insurance and benefits packages. We tackle a few need-to-know topics in this episode of Physician Cents.

Disclaimer: We are not attorneys and this is not legal advice. Please consult an attorney for all matters pertaining to contract negotiations.

Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our "Best of the Best" sponsors page to find a list of the professionals Chad & Tyler team up with for their clients.

You will want to hear this episode if you are interested in...

Your first contact is your most important contract [3:17]
What bonus structure are you being offered? [8:01]
Get sufficient tail insurance coverage [17:21]
Don’t neglect your total benefit package [20:43]
Intellectual property, call responsibility, and other minute details [22:56]
A final note about Roth IRA contributions [27:38]

The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers.