Shows
Financial ResidencyCoffee & Contracts - The Pros and Cons of Salary and Patient Cap in MedicineIn the complex world of physician compensation, deciding between a low base salary with a lower patient cap or a higher salary with a higher patient cap can be challenging. Jon Appino dives into the factors that influence this decision, including long-term career goals, financial stability, and market conditions. Understanding the implications of each structure is crucial for making an informed choice that aligns with your personal and professional aspirations. If you’re navigating a new position and need expert guidance, reach out to us for tailored advice and support! Jon invites individuals to contact Con...2024-09-2802 min
Financial ResidencyCoffee & Contracts - Navigating Current Trends in Physician Employment ContractsIn this episode of Coffee and Contracts, Jon Appino from Contract Diagnostics shares insights on current trends in physician employment contracts. With over 12 years of experience, Jon discusses shifts in various specialties, highlighting significant salary surges and changes in demand. He emphasizes the importance of staying informed about real-time trends rather than relying solely on published data. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com2024-09-2503 min
Financial ResidencyCoffee & Contracts - Learning from the Mistakes of OthersThis episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Today, Jon Appino talks about two stories from clients to illustrate this. First, a physician didn't review her current contract before accepting a new job. She thought she had everything covered but overlooked a policy that cost her nearly $100,000 in bonus pay. This highlights the need to review all contracts thoroughly. Second, another physician accepted a job...2024-07-0308 min
Financial ResidencyCoffee & Contracts - Full time to part time?This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Hey everyone, Jon Appino from Contract Diagnostics has a quick message on transitioning between full-time and part-time work. We assist many physicians in navigating job shares and shifts from a typical 40-hour week to reduced hours. It's crucial to understand how these agreements differ, especially in terms of allocated clinical and admin hours, which should be clearly documented and prorated in...2024-06-0506 min
Financial ResidencyGrand Rounds - More in depth on noncompetes and fair market value with Jon AppinoThis episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. The FTC issued it's final rule on noncompetes, but multiple lawsuits and challenges have been filed. Jon Appino with Contract Diagnostics talks about how this may affect physicians, but acknowledges that many things may change before it makes its way to implementation. We also talk about how noncompetes may or may not affect compensation and nonmonetary aspects of contract...2024-05-2734 min
Financial ResidencyGrand Rounds: Group contract negotiations with Jon Appino Many of us are told that our employer has one contract for a group of physicians and it is nonnegotiable. But what if the entire group collectively negotiated for changes? Groups can negotiate for salary, of course, but they can also request improvements to staffing, equipment, time off or other things. Jon Appino with Contract Diagnostics talks about the impactfulness and success of collective negotiations. He has started an entire division to focus on this type of bargaining and has even hired folks who previously represented "the other side" to increase physicians' chances of success in negotiations. To learn more ab...2024-04-2950 min
Financial ResidencyGrand Rounds - Raising Money for a Medical Mission Trip with Jon Appino of Contract DiagnosticsThis episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets. Going on a medical mission trip is a noble thing that many physicians and other health professionals do each year, but many people don't realize that going on those trips is usually an out-of-pocket expense to the physician for thousands of dollars. It also means time away from work and family. So Jon at Contract Diagnostics is raising money to help Dr. Kathryn Sarnoski, his national director of education, defray expenses. She goes on at least one medical mission trip per year...2024-03-1118 min
Financial ResidencyGrand Rounds - What is Fair Market Value with Jon Appino of Contract DiagnosticsEmployers refer to Fair Market Value in conversations and contracts when negotiating fair compensation, but who determines FMV and how is it calculated? Jon Appino with Contract Diagnostics tries to shed light on FMV and talks about how you can get third-party information to ensure you agree with the FMV calculation being used to determine your compensation. To learn more or get a Compensation Review for yourself or your group with Jon's team, go to www.ContractDiagnostics.com.2024-01-2229 min
Financial ResidencyFinancial Vitals - Physician Contracts Explained: Navigating Risk, Reward and Disability with Jon AppinoJoin Daniel Wrenne and his guest Jon Appino as they delve into the complex world of physician contracts, with a specific focus on disability considerations. In this informative and engaging show, they discuss the intricacies of negotiating physician contracts while addressing the importance of disability provisions. Key Takeaways: - Customize contracts to align with your unique story, considering disability-related factors. - Leverage high demand in the physician field for better negotiating power, with a focus on disability provisions. - Maximize financial benefits by utilizing bonuses, while understanding how disability-related clauses can impact compensation....2023-10-2559 min
Financial ResidencyCoffee & Contacts: Medical Directorship Pay - How much?Today, Jon Appino from Contract Diagnostics provides insights into medical directorships. He discusses the compensation structure of medical directorships, which varies based on the amount of work and scope required. Typically, medical directors are compensated per hour and there may be monthly or annual caps on compensation. The dollar amount usually ranges from $120 to $200+ per hour. Jon emphasizes the importance of understanding the requirements and expectations of the medical directorship, as it may involve uncompensated time and additional hours beyond the cap. Keeping track of hours is crucial to ensure accurate payment. For s...2023-09-1304 min
Financial ResidencyGrand Rounds: Free webinar on contracts for Financial Residency listeners on 9/7/2023 at 7 pm CSTJon Appino with Contract Diagnostics talks about a free educational webinar open to all Financial Residency listeners on 9/7/23 at 7 pm CST. He will talk about trends in compensation, the importance of doing a periodic check up on your existing contract to ensure you are being paid fairly and answer all questions from attendees. On today’s episode, we also talk briefly about check ups. You need them for not only your physical health, but also your financial wellbeing. Links: To sign up for the webinar, go to https://contractdiagnostics.com/cdx-educational-lecture/. Have you ever considered a different way of practicing medicine...2023-09-0415 min
Financial ResidencyCoffee & Contacts: Webinar InvitationJon Appino and Dr. Catherine will be answering questions from physicians that want to learn about contracts, compensation, and negotiations. I'm sure many physicians will find it valuable, especially with the opportunity to ask questions and get expert guidance. If anyone needs any assistance or has any questions about signing up for the webinar, feel free to reach out. LINK: www.ContractDiagnostics.com2023-08-2601 min
Financial ResidencyCoffee and Contracts: Benefits of Automatically Renewing Contracts Versus Expiring ContractsToday we discuss contracts with Jon Appino as he launches his new segment called Coffee and Contracts. Jon talks about the benefits of automatically renewing your contract. LINK: www.ContractDiagnostics.com2023-08-2506 min
Financial ResidencyCoffee and Contracts: Latest MGMA Data: Compensation Comparison for Hospitalists and InternistsToday Jon is talking about M G M A data. Feel free to reach out to Jon Appino and his team for more a copy of the MGMA data. Link: www.ContractDiagnostics.com2023-07-1204 min
Financial ResidencyCoffee & Contracts: Are benefits negotiableToday Jon Appino talks about how to negotiate your contract! LINKS: www.ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/ 2023-05-2404 min
Financial ResidencyGrand Rounds: What to expect as you transition from training to attending with Jon AppinoIf you are going from residency or fellowship to an attending position, you are about to make some major changes. Dr. Tammy and Jon talk about this transition and what you might expect. They explore the gap time between the two jobs, disability insurance, home ownership versus renting, assessing your new position and giving yourself some grace when learning your new role. Jon is the owner of Contract Diagnostics and podcast host of Coffee and Contracts with Jon on the Financial Residency network. You can learn more about Jon at www.ContractDiagnostics.com.2023-05-1524 min
Financial ResidencyFinancial Vitals: Considerations As You Transition Into Practice - Finding The Right PracticeSchedule a No-cost Triage Meeting With WFP https://go.oncehub.com/meetWFP Contracts and Disability: Understanding Your Rights and Protections as a Physician w/ Jon Appino https://financeforphysicians.co/2023/04/18/insurance-policy-for-disabled-physicians-with-jon-appino/ Moving Away From Toxic Work Environments And Into Physician Friendly Practices w/ Dr. Lara Hochman https://financeforphysicians.co/2022/11/08/moving-away-from-toxic-work-environments-and-into-physician-friendly-practices/2023-05-0406 min
Financial ResidencyGrand Rounds: Contract Term Lengths with Jon Appino of Contract Diagnostics - Do They Matter?Dr. Tammy and Jon talk today about contract term lengths and how they might affect bonuses, tail coverage, termination of your employment and other aspects of your contracts. They also talk briefly about noncompete agreements and how the credentialing process can sometimes delay your start date. You can get more free education about contracts and negotiations at www.ContractDiagnostics.com.2023-03-2721 min
Financial ResidencyGrand Rounds: Comparing and Contrasting More than One Contract with Jon AppinoIt's that time of year when senior residents and fellows are busy interviewing and signing contracts for their first attending position. Jon Appino talks with Dr. Tammy about how to compare and contrast more than one job offer. It goes beyond just looking at the compensation. www.ContractDiagnostics.com2023-02-2017 min
Financial ResidencyGrand Rounds: Jon Appino joins Dr. Tammy to talk about his role with the new Financial Residency Speakers BureauAs mentioned two weeks ago, Financial Residency is starting a new Speaker's Bureau to bring qualified professionals to your residency program, office or hospital to cover topics that matter most to you. Jon Appino has volunteered his expertise in contract review and negotiations and is available to schedule at no cost with your group. He talks about multiple topics on which he or one of his team can address. LINKS: www.ContractDiagnostics.com2023-01-1614 min
Financial ResidencyGrand Rounds: Negotiating a Contract for the Future with Jon AppinoToday I have Jon Appino on. We are gonna talk about contracts that go beyond a year and how you can start building in clauses and phrases to make that contract really benefit you over a length of time. LINKS: www.ContractDiagnostics.com 2022-10-3127 minFinancial ResidencyGrand Rounds: Negotiating a Contract for the Future with Jon AppinoToday I have Jon Appino on. We are gonna talk about contracts that go beyond a year and how you can start building in clauses and phrases to make that contract really benefit you over a length of time. LINKS: www.ContractDiagnostics.com 2022-10-3127 min
Financial ResidencyGrand Rounds: How your contract might be affected by a merger or acquisitionToday, I have Jon Appino on the show to talk about how mergers, consolidations and private equity takeovers have affected physicians. LINKS: www.ContractDiagnostics.com Just as the right advice helps you thrive financially. The right support team allows you to excel professionally. Weatherby Healthcare's locums experts will match you with the best jobs, prepare you for success and provide 24/7 support. https://weatherbyhealthcare.com/2022-10-0329 min
Financial ResidencyGrand Rounds: Creative Contract NegotiationWe had talked awhile back about creatively negotiating. How can we make our contracts better? Come and have a listen as Jon Appino gives some insight on how to negotiate your contract for what you want. Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/2022-08-2220 min
Financial ResidencyGrand Rounds: Negotiating Contracts with Large CorporationsJon Appino joins us today. He gives some really good insight on national employers and whether or not it's worth having a contract reviewed when you go to work for one of the big boys. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/ 2022-08-0123 min
Financial ResidencyCoffee and Contracts: Compensation Models Series 1 SalariedToday we have Kathryn Sarnoski filling in for Jon Appino. Kathryn is doing a 3 part series on more common compensation models that out there. LINKS: www.ContractDiagnostics.com2022-07-0802 min
Financial ResidencyGrand Rounds: How long has it been since you've had a raise?Today Jon Appino and I talk about getting that raise you deserve and understanding if you're getting the correct compensation from your employer. We talk about the differences of pay and how to ask for that raise! Link: https://www.info@contractdiagnostics.com/ 2022-06-2724 min
Financial ResidencyGrand Rounds: Terminating a ContractToday we talk about terminating a contact. Jon Appino gives insight on terminating a contract and what to watch out for. Check out his website and learn more in depth about Jon and his team! Link: https://www.info@contractdiagnostics.com/ 2022-06-2016 min
Financial ResidencyGrand Rounds: Tips for Negotitating Your First Attending ContractCome and join us as Jon Appino talks on physician contracts, when to start the process, if you're getting paid enough and what red flags to be on alert about. Jon Appino and his team have been helping physicians for over a decade and they really know there stuff! Check out his website and learn more in depth about Jon and his team! Link: https://www.info@contractdiagnostics.com/ 2022-06-1330 min
Financial ResidencyCoffee and Contracts: Benefits of Automatically Renewing Contracts Versus Expiring ContractsToday we discuss contracts with Jon Appino as he launches his new segment called Coffee and Contracts. Jon talks about the benefits of automatically renewing your contract. LINK: www.ContractDiagnostics.com2022-06-0906 min
Financial ResidencyYou Can Learn to Win Negotiations (but Probably Not With Your Children)Negotiation is awkward and tough. Everyone wants to win, and in the end, some things are non-negotiable. Maybe it's time to get creative with your negotiations. That's why Jon Appino is back to explain why it's important to get over that discomfort and how to negotiate for your needs with prospective employers. As a physician, you routinely check your patients' health. But when was the last time you checked the financial health of your practice? Request your free revenue cycle assessment and learn more from today's sponsor, CareCloud, at www.doctorpodcastnetwork.com/carecloud2021-07-2642 min
Financial ResidencyGet Clear on Your "Why" and You'll Avoid More Risks With Jon AppinoJust when you thought they couldn't talk more about contracts, Ryan brings back Jon Appino to break down contractual risks. The challenge is that risks don't apply to everyone, it requires you to know what you want out of life. Sure, this isn't a sexy topic like investing and real estate, but your livelihood should be just as important to you as what you invest in. Are you too busy to build the professional digital presence your business needs? Then reach out to Advice Media at www.doctorpodcastnetwork.com/advicemedia 2021-07-1933 min
Financial ResidencyBeware the Dangerous Siren's Call Of Sign-on Bonuses From Your Employer!Last week, Ryan talked with Jon Appino about the general trends in contracts, but today they dial in on the trends with physician compensation. Whether you're starting your career, or have been established at your job for a while, it's important to understand how your compensation is structured. If you don't understand your compensation structure, you may end up owing your employers a lot of money when you leave! Are you too busy to build the professional digital presence your business needs? Then reach out to Advice Media at www.doctorpodcastnetwork.com/advicemedia2021-07-1241 min
Financial ResidencyWhy It's Important to Know What's in Your Contract With Jon AppinoThis month we're talking all about contracts with the amazing Jon Appino. Considering how he's worked with physician contracts for over 10 years, he is the go-to person to notice what's changed with signing contracts. This week, Jon goes deep into some of the contract changes he's noticed due to Covid, for better and worse. Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at doctorpodcastnetwork.com/doctormefirst2021-07-0530 min
Financial ResidencyWhat you need to know about credit reward programsCredit card companies are great at creating perks to entice people to sign up for a new card. While the rewards may be useful, many people actually get into serious credit card debt or miss payments that crush their credit! The debt accrued trying to attain those rewards ends up negating these perks all together. Ryan provides a brief overview on credit card reward programs, and what you need to know to pick the right credit card. Do you need help ensuring that your contract lines up with your interests and protects your time and family? Reach...2021-02-0840 min
Financial ResidencyShould Physicians Get Their Employment Contracts Reviewed?A lot of physicians are finishing med school and beginning to make choices about their future. Understanding the expectations of their employment contracts is one of those choices impacting their next move. Jon Appino helps our listeners sift through the basics of compensation, bonuses, termination clauses, non-competes, and post termination provisions. Make sure to subscribe to get our free templates!2018-11-0646 min