What's on it
Take this into the negotiation. It's much easier to fix terms before signing than after.
Money
- Who bills for anesthesia, and in whose name
- Stipend amount, how it's calculated and when it's reviewed
- Who pays for equipment, drugs and supplies
Coverage
- Days, rooms and hours covered
- What happens when cases run late
- Backup when a provider is sick
- Exclusivity, and whether the facility can bring in others
Risk
- Required malpractice limits
- Indemnity terms
- Compliance with anti-kickback and self-referral rules reviewed by a lawyer
Term and exit
- Length and automatic renewal
- Notice period and reasons for ending early
- Non-solicitation of staff
- Ownership of records and billing data