“Divorcing” Your Business Partners
Unfortunately, the marriage of a new physician with a medical practice or a hospital is often not a match made in heaven. What started out as a union between two entities does not work out resulting in the physician and practice parting ways. If this happens to you, do not despair; you are not alone. It is possible to extricate yourself from a situation where one or both parties decide that the fit is not quite right. This chapter will discuss the reasons doctors leave a practice and what action steps you must do in order to leave with minimal emotional trauma to you, your patients, and the practice you have decided to vacate.
KeywordsPractice divorce Medical divorce Contracts Practice separation Termination With cause Without cause Employment agreements Malpractice Tail insurance
- Leaving practice-A guide for physicians and surgeons. October 2017. http://www.cps.sk.ca/iMIS/Documents/Brochures/Leaving_Practice-guide.pdf.
- Little KS. The exit: terminating physician employment agreements. Healthcare Law Blog. Nov 2017. https://www.healthcarelaw-blog.com/exit-terminating-physician-employment-agreements/.
- Physician Employment Contract Guide by American College of Physicians, 2017. https://www.acponline.org/system/files/documents/running_practice/practice_management/human_resources/employment_contracts.pdf.