In today’s episode, we chat with Dr. Mina Lee about her personal experiences with contract negotiation for women physicians. She gives us her top tips and shares the highs and lows of her negotiations through multiple positions over the past 15 years.
In this episode, you will learn:
- Why it’s so important to negotiate your contract and not be afraid of losing the position by negotiating.
- Why it’s important to research your salary ahead of time.
- How to negotiate maternity leave, disability and other female specific issues in your contract.
- How to specify your working hours and call schedule in your contract.
- Why physicians should be aware of non-compete clauses and how many of them are now enforceable by law.
- Why you should always use a contract lawyer to help negotiate your contract and make sure that they are aware of the specific laws for your state.
- How you should negotiate your salary, full compensation package, and bonus structure.
- Why it’s important to know the partnership track and buy-in well before you get to that point in your career.
- Why you should think about the intricacies of leaving a position including malpractice tail coverage and final payments on your accounts receivable.
- Why the most important thing about contracts is to get everything in writing.
Dr. Mina Lee is a board-certified urologist in Denver, Colorado. She has been in practice for over 15 years. She has a special interest in female urology and women’s pelvic health. Dr. Lee received her medical education at the University of South Florida and completed her urology residency at the University of Colorado.
Links we discussed in the show:
- Check out Episode 53 with Ann Bittinger for more about contract negotiation from an attorney perspective: Physician Contracts with Ann Bittinger, JD.
Special thank you to this week’s show sponsor: Set for Life Insurance! If you are in need of life or disability insurance, or if you need a second opinion to be sure you are insured appropriately, call Jamie Fleischner at Set for Life!
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