Questions to Consider When Evaluating a Potential Physician Employment Opportunity:
- Reason for hiring?
- If replacing departing physician reason for departure?
- How many physicians have left group in past 10 years?
- If replacing retiring physician, their practice volume.
- What is expected clinical and surgical volume for new associate?
- What is primary service area size? secondary?
- How many competing specialist are in primary area? secondary?
- What are political or referral factors with other competing specialist?
- Ratio: Practice call E.R. call Any second call.
- What is current ownership structure?
- Expected frequency of getting called while on call.
- What is the Payer-mix by %.
- What is groups’ overhead percentage?
- Does group own its office building or lease space, if so years remaining?
- How many square feet, # exam rooms and # procedure rooms.
- Is billing done in house, if so average tenure?
- Are there any spouses or relatives involved in the practice?
- What is typical weekly schedule of physicians?
- Description of equipment currently available at office.
- Description of hospital and equipment?
- Backlog time of group to schedule a new patient?
- Does group utilize P.A.’s. or other assistants?
- Any anticipated or current support staffing availability issues with new or existing office?
- Last year group saw how many patients?
- First year Income guarantee range?
- Partner’s top end potential?
- What is the productivity or bonus arrangement?
- Partnership available after how many years?
- How much is the partnership buy in?
- What is it based on?
- Partnership income is distributed by what formula?
- How are existing versus new patients assigned?
- Please provide a sample copy of your employment agreement.
- Key contacts cell # or back-door number for after hours.
- Email addresses for Administer, Partners and/or key individuals.
- Tenure / background of administrator.
- What is the history of the group? Year founded mergers, departures.
- What are the short and long-range business goals of the group?
- Are regular staff meetings held? Do all of the doctors attend?
- Does the practice use electronic or manual system for scheduling, billing, and/or insurance filing?
- What type of promotions are conducted to help new physician establish their practice?
- What other duties will you have – administrative, managerial?