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Until recently, physicians who wanted assistance with their job search only had one option, which were contingency fee recruiters. The way they typically work, is that they present a physician to numerous hospitals or practices and then collect a contingency fee in the range of $25,000 to $35,000 when the doctor signs a contract.
Now, there is a company called "The Doctor Job" which will actively market you to the geographic area where you wish to relocate. It is no secret that doctors like to live in desirable areas such as Denver and San Francisco. The problem is that these areas tend to have a good supply of doctors and the available jobs are not on job boards, being spread only by word of mouth. The Doctor Job puts together a marketing campaign for the geographic region(s) the doctor is interested in and sends out mailers and faxes to promote the doctor. They typically send out about 2000 CVs and cover letters and get a response rate of two percent, or about 20 interested parties.
I spent about an hour on the telephone with Adam, one of the client services representatives at The Doctor Job, talking about their service. One of the problems with recruiters is they tend to show you jobs where they will make the highest commission, which may not be where you wish to go. With The Doctor Job, they only market you to areas you specify. I think it is a great idea, as it generally gets the physician multiple interested parties, which significantly increases a physician's bargaining power, which usually results in a better salary and/or benefits. Click here to read the full text of the interview with Adam with 'The Doctor Job.' Disclaimer: MDJobexchange does not receive any compensation for these reviews. We try to provide objective reviews of resources available for your job search. Anybody may purchase ad space on MDJobexchange, but they all pay the same price for banner ads. If you see a resource mentioned frequently, it is because we think they have an excellent product or service.
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I recently did this interview with Jake Jacobson, the president of MIS Physician Services. He provides physician management services and contract review. He has quite an extensive background in medical billing and negotiating, which gives him an excellent perspective when negotiating physician contracts. He has some excellent tips in the interview. If you are interested in his services, give him a call or email. Their internet site is under development. --MDJobexchange
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Jake Jacobson: "The advantage I think I have over most people that do this is that for 25 years I watched my own clients recruit doctors into their practice. I‘ve represented doctors that are joining groups. Our company for a long time had contracts with several hospitals that hired our firm to help new physicians start up their practice. We would negotiate all the doctors’ contracts, interview and hire their office staff, assist them in selecting a computer system and so on and so forth. It was basically a turnkey service, so that when the doctor came to town he was ready to roll. I noticed in that process that there were certain areas of this difficult process that were landmines, but because of my guidance, the doctors are aware of them going in and are able to deal with or avoid them."
"My services end up benefiting all parties involved, as the hospital has a vested interest in keeping the physicians there. Physician turnover is very expensive for a hospital. I have enough experience that I have developed credibility with the administrators that allows me talk to them about their concerns so that they understand that you’ve got to give doctors a decent contract, or the relationship starts off on the wrong foot from the beginning. A good contract benefits everybody and builds the foundation for a mutually satisfying and profitable long-term relationship." Click here to continue |
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This is an interview with Dr. Margert Collins-Hill, a nephrology specialist in Wilimington, NC. Her first nephrology job was with a private nephrology group and, unfortunately her contract had a 3 year non-compete clause in it. She left that job and was able to work around the noncompete for 3 years and now has a successful hypertension practice in Wilmington. |
| Dr. Margaret Collins: "I think probably the biggest thing that’s hit me during this time, especially as a woman and for anyone who’s in a two-doctor relationship, where you both are trying to juggle you personal and professional lives, is that you really do have to plan for balance, and that balance is not going to naturally come to you. And there are times when I am working three days a week, and I think, “This is great.” But, sometimes I get this little sort of feeling that I'm not doing enough and that I'm not professionally strong from a business sense. But I also know that my three children are at home and doing well and my marriage is in good shape, because I'm not spending 14 hours a day at the office, but I am strong at home. Having a two physician family and running a practice is quite a challenge." Click here to read the entire interview" |
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