Money Meets Medicine The 3 Most Important Aspects of a Physician Contract with Michael Johnson Legal
Jan 7, 2026
Michael Johnson, a physician contract attorney with extensive experience guiding doctors in negotiations, joins Dr. Jimmy Turner to demystify the crucial aspects of physician contracts. They discuss the essential 'contract trinity' of work obligations, compensation, and exit strategy. Michael highlights the pitfalls of standardized contracts, such as non-competes and clawbacks, emphasizing that contract literacy is vital for career longevity and financial health. Tune in for insights on advocating for better terms and understanding your worth!
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Contract Trinity Shapes Your Career
- Contracts determine work obligations, compensation, and exit strategy — the “contract trinity.”
- Understanding all three shapes your income, autonomy, and career mobility.
Employer Protections Are Economic
- Employers add protective clauses because replacing a physician is very expensive.
- That economic reality explains many restrictive contract terms like non-competes and clawbacks.
Put Interview Promises In Writing
- Verify every interview promise against the written contract before signing.
- Insist that schedule, location, and moonlighting rights match the contract language.