Hi everyone,
I'm graduating from residency this summer and just received an offer for a practice I like (and suspect I'm going to get another offer for another practice next week). I'm excited and a little stuck on what to do next. I know negotiating is important, but it's a very competitive offer coming from a large physician network so I'm not sure what would be realistic to ask for.
Some details: It's for outpatient pediatrics. I'd be on salary/contract for 2 years (and the salary is on the higher end for the area), then switch to a completely wRVU model (where reimbursement is the same for all the pediatricians). I'd get a signing bonus, 3 weeks of PTO, a couple of thousand dollars and 5 days per year for CME. The company matches 6% into a 401(a) after the first year of employment. They cover malpractice insurance and it's an occurrence based policy. They do have a restrictive covenant, which is a pain and I'll try to get them to ease up on, but it's standard for the area.
Looking at all of it, I figured I'd ask to see if they'd cover my boards/licensing/DEA fees and let me have my bonus when I sign rather than when I start. Is there anything else that is smart to ask for? Is there anything you negotiated for or wished you had?
Thank you!
I'm graduating from residency this summer and just received an offer for a practice I like (and suspect I'm going to get another offer for another practice next week). I'm excited and a little stuck on what to do next. I know negotiating is important, but it's a very competitive offer coming from a large physician network so I'm not sure what would be realistic to ask for.
Some details: It's for outpatient pediatrics. I'd be on salary/contract for 2 years (and the salary is on the higher end for the area), then switch to a completely wRVU model (where reimbursement is the same for all the pediatricians). I'd get a signing bonus, 3 weeks of PTO, a couple of thousand dollars and 5 days per year for CME. The company matches 6% into a 401(a) after the first year of employment. They cover malpractice insurance and it's an occurrence based policy. They do have a restrictive covenant, which is a pain and I'll try to get them to ease up on, but it's standard for the area.
Looking at all of it, I figured I'd ask to see if they'd cover my boards/licensing/DEA fees and let me have my bonus when I sign rather than when I start. Is there anything else that is smart to ask for? Is there anything you negotiated for or wished you had?
Thank you!
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