Contract Diagnostics was selected by the American College of Cardiology to be official provider of contract review services.
Contract Diagnostics was selected by the American College of Cardiology to be official provider of contract review services.
We believe there is a better way of doing physician contract reviews.
We believe there is a better way of doing physician contract reviews.
Contract Diagnostics Blog
Leading Physician Contract Review Company Welcomes Anu Murthy, Esq., as Associate Contract Review Specialist
Anu Murthy Joins the Team at Contract Diagnostics. [Kansas City, MO, 08/31/23] – Contract Diagnostics, a leader in physician contract reviews, is thrilled to introduce Anu Murthy as an Associate Contract Review Specialist. With her extensive healthcare attorney and...
Charting Your Course: How Staying Informed Impacts Your Physician Compensation Trajectory
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...
Decoding MGMA Physician Compensation: Navigating Statistical Pitfalls for Informed Decision-Making
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,...
Medicare physician pay has fallen 26% since 2001: Does it affect physician compensation?
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...
Your Financial Health Matters: Unlocking Physician Wealth with Biennial Compensation Checkups
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...
Unlocking the Power of MGMA Report Data: A Guide to Physician Contract Negotiations
Introduction: The Potential of MGMA Data for Physician Compensation Each year, the Medical Group Management Association (MGMA) releases a report detailing all aspects of physician compensation. The MGMA report provides data points based on specialties, regions,...
Getting a job in the US as a foreign medical graduate (FMG) physician
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...
Physician Contract Renegotiation: Taking the medicine not prescribing it
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...
How a Pediatrician Boosted His Salary by $70,000: A Must-Read Case Study for All Physicians
At Contract Diagnostics, our primary mission is to help physicians understand their market value. We do this by thoroughly assessing your current compensation structure and comparing it to other professionals in your field within your geographical region. Our insights...
Physician Compensation: What is Simpson’s Paradox?
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...
Physician Contract Lawyer or More? Unveiling What You Truly Need for Contract Success Beyond the Fine Print: Why Your Physician Contract Deserves a Continuous Review
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...
Your New Resident Physician Checklist: Top 6 Essentials for a Successful Medical Career Start
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...
What happens when ChatGPT reviews a contract?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Learning to Negotiate: You Don’t Always Get What You Want, But You Only Get What You Ask For
How do you feel when you think of negotiating on behalf of yourself? Palms sweating yet…? Does the thought of a live conversation to negotiate further boost the nerves? Are you unsure how to phrase a question so you don’t sound like a needy or demanding provider? For...
Physician Compensation: Understanding Fair Market Value (FMV) and the Survey Data to Help Calculate It
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...
New Year New You New Contract!
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...
Calendar Year 2023 Medicare Physician Fee Schedule Final Rule
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,...
Protect Your Practice When Establishing Contracts with Hospitals
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...
5 Key Differences of Various Practice Types
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...
MGMA data set deep dive (#3 in MGMA series)
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...
Everything You Must Know Before Negotiating a Hospital Contract
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...
The Wild Wild West of Physician Compensation
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...
Physician Non-competes: How To Leave Your Job, Not Your Home
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....
Can you find a way to beat burnout and be happy? Interview with Dr. Wendy Schofer MD
“Two roads diverged in a wood, and I—I took the one less traveled by,And that has made all the difference.”-Robert Frost Medical school, residency, fellowship, clinical practice…a seemingly straightforward and common stepwise passageway into medicine. This series of...
Let’s talk about how to have compensation conversations with your employer
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Is there a significant pay gap between male and female physicians?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Physicians Raise for Everyone in your Department – A Case Study
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
For the sake of autonomy
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...
The Logistics of Locum Tenens
With the ongoing outflux of physicians across the nation, the role for locum tenens, or temporary, providers is expanding exponentially. Locums was originally a way to help staff rural and underserved communities, but in recent decades has expanded into all locations...
MGMA data set deep dive (#2 in MGMA series)
Over the course of this year, MGMA will release five separate data reports. In May 2022 they published the 2022 MGMA Provider Compensation and Production report, which overall expressed promising improvements in physician compensation. In the report they addressed the...
MGMA Physician Compensation | New Data Set Reveals the Latest Trends
What is the number one section that physicians turn to on the initial review of their contract? Compensation! How do we know we are being paid appropriately? To understand whether we are receiving fair pay, you can reference my blog here for more details. In today’s...
Patience and Time: the keys to searching for a job
“The two most powerful warriors are patience and time.” -Leo Tolstoy, War and Peace This resonates so profoundly as a physician, especially one who is actively looking for a job and/or in negotiations. Let’s talk about patience, time, and timing. In undergrad, medical...
Termination: The costs of termination and strategies to avoid them
What would you do if someone forced you to hand over a check TODAY for $184,000? Some of us might request a second mortgage on our homes, beg friends and family for loans, go to Payday. Maybe a few of you would say “No sweat, I’ve got it.” Most of us would turn red...
Are you taking advantage of the great physician resignation?
When I started doing locum tenens work as an OBGYN in 2020, I had perhaps 25 or 30 jobs to choose from. On my journey to personal and professional freedom and life/work balance, they all sounded exciting. Should I work out west in Maine, where my parents first lived...
6 Common Moving Targets Within Physician Compensation Contracts and How to Deal With Them
Life is full of moving targets, but that doesn’t mean they need to be in our contracts. When I signed a contract at an academic center, the description of my position was simply “1.0 FTE”. I clarified what that meant and I was pointed to a living, breathing written...
The Best Investment You Can Make
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Physicians Retiring Soon? Maximize Your Final Years
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Missed Opportunity When Changing Contract
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Most Physicians Don’t Know What They Should Make
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Contract Diagnostics selected by American College of Cardiology as Sole Provider for Member Employment Contract Reviews
Contract Diagnostics (CDx) is collaborating with the American College of Cardiology to provide professional employment contract review services to ACC members After an intensive interview and vetting process, Contract Diagnostics was awarded as the chosen provider of...
When was your last raise?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Are You Trading Your Time for Compensation?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
Academic contracts – are they negotiable?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
What happens when your practice sells?
Do Not Settle for Less Than What You DeserveImagine what a 10%+ increase in your compensation could mean for your financial future. With just a simple conversation with our team, you could be on your way to securing the salary you deserve. Our team can help make that...
The Mystery of Physician Compensation Value Revealed
When I graduated from my residency in OBGYN in 2017, I went from making $49,000 per year to $250,000. If my math is correct, that’s around a 500% raise?! I was thrilled. Suddenly that paycheck to paycheck lifestyle converted to one of comfort and ease. I could go out...
Physicians: 5 Questions to Ask to Get Clear and Manifest the Life You Want
You can’t have it all, but you can have everything you want. The big question is, do you know what you want? What are your values? Contracts are full of significant benefits (money!) and big risks (restrictive covenants and liquidated damages!). After working well...
Top 10 Points To Know Before Signing Your First (or Second, or Tenth!) Contract
1. Everything is negotiable Know what YOU value and make sure this is detailed in your contract (ie work schedule, working in one location versus many, compensation structure, vacation time, non-competes, etc). Even when an organization says their contract is...
Physician Contract Review Company, Contract Diagnostics, Hires New Director of Education
Kathryn Sarnoski Joins the Team at Contract Diagnostics, Amplifying Their Impact in Directly Educating Physicians About Their Contracts. KANSAS CITY, MO, USA, January 31, 2022 /EINPresswire.com/ -- Contract Diagnostics (CDx) is one of the most trusted entities in...
A Comprehensive Guide to Physician Contract Reviews
Everything You Need to Know to Negotiate the Best Compensation Package By: Jon Appino, Founder of Contract Diagnostics, the Nation's Leading Physician Contract Review Firm. About Us - Contract Diagnostics At Contract Diagnostics, we exclusively provide services for...
Best Practices in Physician Compensation and the Impact on Medical Professionals
The future of physician compensation is in centralization, automation and analysis. Currently, the world of physician compensation is fragmented. Healthcare organizations have a difficult time collecting aggregate data because physician payments are handled through...
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