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?
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.