OrthoBiz: Contract Basics w/ Michael Johnson

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We host Michael Johnson in this episode as we discuss physician contracts and break down key elements every physician should know. From analyzing deals and understanding compensation models to navigating noncompete clauses and malpractice insurance, we cover it all!

Michael Johnson graduated from Tulane Law School in 2014 and founded Michael Johnson Legal (MJL) in 2019 after practicing in business, insurance, and construction litigation. He founded MJL due to his passion for physicians. He believed they are underrepresented and untrained on the legal and business side of medicine, and felt that it was a worthy career pursuit to change this balance of power. His superpower is simplifying complexity into actionable advice.

One legal myth he loves to debunk for clients is the myth that all physicians need to work a full throttle 1.0 FTE to succeed in their careers. He believes that for some physicians, this may be the ideal; however, for others, working something less than a 1.0 FTE may, in fact, protect the physician from moral injury and burnout, leading the physician to take better care of themself and prolong their career in medicine, ultimately benefiting more patients in the long run.

Michael Johnson graduated with a B.S. from Auburn Montgomery in 2010 and served as captain of the tennis team. He also competed in the entry levels of professional tennis, junior Wimbledon, and for Team USA's Junior Davis Cup squad. In his spare time, he enjoys playing tennis, platform tennis, golf, and spending time with his wife and kids.

In this episode, we answer questions which you might have on navigating and negotiating contracts like a pro like;

• How should physicians analyze and negotiate their contracts?
• What's the difference between academic, hospital, and private practice deals?
• Compensation: What's included and what should you be aware of?
• Noncompetes, exit strategies, and termination rights: What's negotiable?
• Are tail insurance and moonlighting opportunities really negotiable?
• Signing bonuses: What's the catch?
• And much more!

For listeners in medical school, residency, or fellowship, Michael's team would love the opportunity to do a free virtual didactics training on physician contracts for your program. Feel free to contact the team at contact@michaeljohnsonlegal.com

Instagram: https://www.instagram.com/physiciancontracts/?hl=en

This episode is sponsored by St John Associates.

St. John Associates is a physician recruiting firm that was recommended to us by one of our listeners. They've been around for over 33 years, matched thousands of physicians with healthcare employers across the country, and their services are completely free to job seeking physicians. Their orthopedic surgery team, one of the top national recruiting teams in the ortho market, has over 18 years of experience and hundreds of matches in all ortho subspecialties. Visit them at StJohnJobs.com/Ortho to get started with your completely free orthopedic job search today.

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