The first trap is to believe all physician contracts are the same, writes Steven Harris, a healthcare attorney with McDonald Hopkins in Chicago. Mr. Harris notes there may be modifications or an addendum attached to boilerplate contracts hospitals provide physicians.
Another trap is the assumption that signing with a hospital is less risky than maintaining an independent practice. Mr. Harris writes a “compelling argument can be made that the exposure in the hospital setting is riskier than in private practice” because some contracts hold physicians, not the hospital, accountable for flipping the bill when expenses exceed productivity.
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