Contract Diagnostics Blog

In the world of medicine, where precision is paramount, and decisions can mean the difference between life and death, one might assume that physicians are equipped with the same level of accuracy regarding their decisions regarding compensation. After all, doctors...

As physicians, we are accustomed to deciphering complex medical cases, but the task can be just as intricate when it comes to understanding our compensation. As physicians eagerly search for insights into their earnings with the release of the latest MGMA DataDive,...

The fundamentals of physician compensation models have changed dramatically since my first employment contract in the early 1990s. Compensation plans have taken different forms over the years. My income was based on other factors beyond billings or revenues. I dealt...

Discovering Financial Wellness: The Importance of Physician Personal Finance As physicians, prioritizing both your health and financial well-being is essential. Just as you recommend annual physicals or bi-annual breast exams to your patients, a financial checkup...

Any foreign medical doctor who wants to practice medicine in the US has to meet the following requirements to obtain ECFMG (Educational Commission for Foreign Medical Graduates) certification: Certifying that the FMG obtained a degree listed on the World Directory of...

Reasons for Physician Contract Renegotiation One of the best things about being in practice is seeing those direct deposit paychecks every two weeks. Before long though, like any other professional, physicians begin to wonder if they chose the right career, or if they...

Chances are that, as physicians, we get caught up in statistics. After all, we not only study how to interpret and analyze data daily, but we also thrive on getting it right. Our patients, and our reputations, depend on it. One of the easiest things to do is to get...

In my years as a practicing physician, I learned that every patient requires and deserves follow-up care. Interestingly, this principle also applies to us, the physicians under contract. I've come to understand that every physician’s employment contract is a living...

Congratulations on launching your medical career as a new attending physician! You've finally reached a significant milestone after years of rigorous education and clinical training. At Contract Diagnostics, we're here to guide you through this exciting transition. As...

The number one section physicians refer to when receiving their contract is Compensation. We know our worth and we want to ensure that we are paid fairly. But how do we really know what’s fair? The answer is rather obtuse, yet important to understand as you enter your...

What 2023 New Year's goals and intentions have you set? How many of them have anything to do with your job? None?! Let me help you with that. We set so many goals for ourselves in the new year: join a gym, dry January, start meditating, etc etc etc. But what about...

On November 01, 2022, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that includes updates and policy changes for Medicare payments under the Physician Fee Schedule (PFS) and other Medicare Part B issues, effective on or after January 1,...

Contracts with hospitals present potential partnership and revenue opportunities; however, financial and state regulations apply to these payments, and if you run afoul of the law, the consequences can be disastrous. Before contracting with a hospital for services...

Remember graduating from residency and mentally composing your venn diagrams galore trying to make sense of your job options? Or maybe you’re still a resident and just beginning to consider the differences. From outlining your personal and professional goals, the pros...

Part #1: MGMA Physician Compensation | New Data Set Reveals the Latest Trends Part #2: MGMA data set deep dive Stock market…inflation…expenses…do you feel that visceral response instigated by these words given our current market?! This may directly impact how you are...

Hospitals and health systems have hundreds of ways to legally pay physicians to help them manage care, oversee programs and facilities, and plan and implement strategic initiatives in addition to the traditional payments like ED call coverage and medical...

This is an introduction to the Wild Wild West of physician compensation. The Oxford Dictionary defines compensation as: “something, typically money, awarded to someone as a recompense for loss, injury, or suffering” As a physician who has spent countless years...

I imagine you’ve all realized by now what an impact a contract can have on your day-to-day life, your job satisfaction, and your quality of life. One of the often-overlooked but highly impactful sections is within the Restrictive Covenants: the non-compete clause....

My first practice out of residency was the equivalent of a beloved mom and pop shop of women’s health. This was a small private practice with three OBGYNs, the same front desk staff for decades, the same MAs for decades, the same office manager for decades, and the...