A Physician Professional Services Agreement (PPS Agreement) is a legally binding contract between a physician and a healthcare facility that outlines the terms and conditions of their professional relationship. This agreement serves as a comprehensive document that protects the interests of both parties while establishing clear expectations regarding the physician’s duties, compensation, and other relevant matters.
Key Components of a Physician Professional Services Agreement
1. Parties to the Agreement:
Clearly identify the physician and the healthcare facility as the parties involved in the agreement.
Include their full legal names, addresses, and any relevant contact information.
2. Term of the Agreement:
Specify the duration of the agreement, which can be a fixed term or indefinite.
Indicate whether the agreement can be terminated by either party under certain circumstances, such as for cause or without cause.
3. Scope of Services:
Define the specific services that the physician will provide to the healthcare facility.
This may include clinical care, medical consultations, research, or administrative duties.
Be as detailed as possible to avoid any misunderstandings or disputes.
4. Compensation:
Outline the compensation structure for the physician’s services.
This may involve a base salary, hourly rate, commission-based compensation, or a combination of these methods.
Specify any additional benefits or perks that the physician may receive, such as health insurance, retirement plans, or continuing medical education (CME) allowances.
5. Confidentiality:
Address the confidentiality obligations of both parties.
Require the physician to maintain the confidentiality of any patient information or proprietary information of the healthcare facility.
Implement measures to protect sensitive data and prevent unauthorized access.
Consult with an Attorney: It is highly recommended to consult with an attorney specializing in healthcare law to ensure that your PPS Agreement is legally sound and protects your interests.
Regular Review: Periodically review and update the agreement to reflect any changes in laws, regulations, or your professional relationship with the healthcare facility.
By carefully considering these components and design elements, you can create a comprehensive and professional PPS Agreement that serves as a solid foundation for your physician-healthcare facility relationship.