Physician Contract Length, Renewal, and When to Re-Negotiate

Physicians might expect their employment contracts to last around a couple years before they can choose to renew, with options to terminate the agreement beforehand if necessary. In reality, contract length, renewal terms, and termination language are not always so straightforward.

The term length of a contract and other details surrounding it are important to review and even negotiate prior to signing. Sometimes, employers fail to include any specific contract end date or termination terms at all, in which case a physician will absolutely need to have those details added.

Even when the basic terms are present, many contracts auto-renew, and they may only have a term length of one year after the initial length of two years. Understanding these intervals, how much notice you must provide to terminate a contract, and when are the best times to re-negotiate helps physicians maintain control of their careers.

Physician contract attorneys Kyle Claussen and Brady Glissendorf discuss the typical contract term length and how it affects other parts of the agreement, including a physician's ability to renew, terminate, or re-negotiate.

About The Review Podcast by Resolve

The business of medicine is constantly changing. The Review Podcast by Resolve discusses current contract issues for physicians, compensation trends and tips for a successful career. Every physician's contract and career is different, and nothing in this episode  should be considered legal advice. If you have specific questions about your career, please consult with an attorney.

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