25 Questions for Physicians to Consider
1. Was the organization profitable last year and this?
2. Can you give me an ideal of billings versus collections?
3. What is the base salary guarantee?
4. Is there a production incentive during the first year and what is the formula?
5. What is the income potential at the end of five years?
6. Who pays malpractice insurance?
7. Who pays relocation expenses?
8. Is there a business or marketing plan that I can look at if you are interested in me?
9. What types of benefits are offered (Health insurance, 401K, pension plan, profit-sharing)?
10. What is the cost for a buy-in? Can the buy-in be purchased over time?
11. Are there opportunities to buy-in to other revenue producing activities (e.g., surgery center, MRI)?
12. What criteria is required for partnership and when does the partnership evaluation take place?
13. Does the practice reimburse for continuing medical education?
14. Does the practice give time off for C.M.E.?
15. Is there a non-compete clause in the contract?
16. What are the terms to terminate a contract?
17. How does the practice make decisions?
18. Does the practice have a vision about how it wants to grow?
19. What is the average physician age in the practice?
20. What is the payor mix (Medicare / HMO / Private Insurance)?
21. Does the hospital provide the necessary staff and equipment for optimal clinical practice?
22. What kind of relationship does the hospital have with the Medical Staff?
23. What kind of office staff support does the practice have?
24. How many exam rooms will I have to use?
25. Most important question, I am interested in joining this team,
"What do I need to do to proceed from here?"
Anesthesiology
Cardiology Interventional
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Med-Ped
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