What does the contracting process look like?
Since 2004, The Brake Group has worked with practices nationwide across all specialties to eliminate the gap between simply practicing medicine and managing the business side of a practice or group. With health care reform constantly evolving, practices need strategic help with customized solutions. Physicians and staff are stretched in many different directions. This is where our team brings value with a broad skill set to help practices of any size and specialty tackle the toughest challenges.
During the review of the contract terms, our staff will compare your offer to MGMA, and other proprietary databases that we have created over the last 14 years. Our staff of Lawyers will coach you in negotiating your agreement or we can assume responsibility for the negotiations on your behalf.
We have amassed a wealth of data regarding from our negotiations with the large health care systems. Even if a Hospital Administrator says there is no room for negotiation, most of the time we can leverage a significant increase to the contract terms to assist our clients – sometimes as high as five or six figure increases over several years.
How successful are you in changing the hospital contract or employment agreement?
Because our focus is 100% on hospital-physician negotiations and employment/partnership contract negotiations we elevate the negotiation contract process and eliminate the noise coming from our competitors.
This leads to 95% of the time we're able to make changes to these contracts that yield tangible financial value. Not just increases in compensation, but more PTO time, a greater share of the revenue, lower overhead costs, on-call coverage that doesn't interfere with your ability to practice and generate a competitive wage, etc. Rarely do we see such completely inflexible hospital administrators or heads of practices who refuse to at least listen to objectively-based negotiation considerations. Thus, we assist our clients in doing their due diligence to so that they, and we, can make reasonable requests. We are proud that clients return to us for help with future opportunities as a confirmation that we do good work. We always enjoy learning about the success each of our client's achieves over the course of their career and we feel in some small way we've had a chance to promote their talent.
I'm told the contract is non-negotiable?
Very rarely is this the case. Honestly, it's in the hospital or practices best interests to get the best contract terms possible. While you may initially feel it's a fair contract, will you feel that way down the road? With the hospital's attorney or the practice's attorney drafting the contract in their favor, shouldn't you safeguard your future?
I'm not interested in a full-blown contract review. Can you just take a quick edit of it?
Yes, we're here to help, reach out and we'll provide pricing based on the type of contract.
What if I want to do the negotiations with the hospital or physician group?
We are more than happy to help in any way that fits your needs. At any time we're able to step in if needed to assume negotiations, coach you on how to leverage the best contract terms, or just prepare you to discuss the employer's or hospital's response.
How do you differ from your competitors?
We are an attorney led company that incorporates a variety of professionals to help take care of physicians from residency to retirement.