Kyle Claussen, CEO of Resolve and expert in physician contracts, joins the discussion on advocating for fair pay in medical careers. He emphasizes the critical nature of negotiation when signing contracts, revealing that many doctors undervalue themselves. The conversation also touches on the challenges posed by non-compete agreements and the recent FTC ruling potentially reshaping the landscape. Claussen shares resources to empower physicians, including tools for evaluating contracts and insights into salary nuances, urging medical professionals to be informed and proactive.
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insights INSIGHT
Healthcare Pay Transparency Lacking
Healthcare lacks transparency because labor costs (physician pay) are business expenses employers want to minimize.
Physicians generate most healthcare revenue, so employers limit pay disclosure to control costs.
volunteer_activism ADVICE
Advice for Future Physician Owners
New physicians wanting ownership should first join good private practices to learn business and medicine.
Negotiate non-competes and tail coverage carefully before planning to open a practice later.
insights INSIGHT
Ownership Boosts Physician Income
Physician owners generally earn about 20% more than employees, with greater variation by specialty.
Employers retain roughly 10-20% of generated revenue, which owner-physicians receive directly.
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Today on the podcast we are talking with Kyle Claussen from Resolve. He chats with Dr. Dahle about the importance of really advocating for yourself and your pay when starting a new job and signing a new contract. It is critical to negotiate until you feel confident and happy with any contract you sign. Many doctors are not paid what they are worth because they do not advocate for themselves. They discuss how helpful it can be to hire a professional to navigate that process. They also discuss non compete contracts and what the future might hold when those are no longer legal.
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