Episode 36: Physician Compacts - Intentionality in Your Culture

Medical Money Matters with Jill Arena

We've talked in previous episodes about physician contracts, and have compared and contrasted them with physician compacts. At its core, a Physician Compact is a mutual agreement between physicians and their organizations. These are not legal documents, like a contract, but living, breathing agreements that serve as the foundation for mutual expectations and accountability. But they are not just about creating rules and guidelines; they are tools for intentionally developing a culture within your practice.

Now, you may wonder: Why should you consider implementing a Physician Compact? The answer lies in the power of alignment. A well-structured compact helps to align your goals with those of your team, fostering shared responsibility and a collective vision. It’s not just about setting expectations, but about creating a culture of respect, collaboration and mutual understanding.
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