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Many young physicians I work with are excited to enter into recruitment agreements with hospitals and medical practices in rural and health care shortage areas. The incentives for such arrangements can include a hefty signing bonus, relocation allowance, student loan forgiveness, income support, and other benefits which collectively add up to hundreds of thousands of dollars.
However, recruitment agreements do not always work out well for every physician. Before you consider signing a recruitment agreement, consider the following and consult with counsel familiar with such arrangements:
- Realize recruitment money is not “free.”
Many physicians are under the impression that they only need to stay for the forgiveness period and never repay a dime. In fact, arrangements set up to
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By: Ericka L. Adler / Physicians Practice / May 17, 2018