The article, penned by Christopher Shaughnessy of McBrayer, McGinnis, Leslie and Kirkland, PLLC, calls the process of recruiting a president “straightforward” but notes the following two written agreements between the organization and the resident are usually required:
• Resident stipend agreement. The hospital or health system will pay the resident to cover educational and living expenses. The stipend payments are “secured by a promissory note,” according to the article, which makes the payments a forgivable loan. Once the resident is employed, the payments are forgiven over time by the organization.
• Employment agreement. The resident being recruited commits to being employed by the hospital or system after graduation for a set amount of time.
More Articles on Recruiting Physicians:
5 Stories About Physician Engagement, Recruitment Strategies
Bringing Them Home: What’s Gained When Hospitals Recruit Hometown Physicians
Physician Mergers are Booming: What Do Interested Physicians Need to Consider?
