Interventional Cardiology — Private Group Practice
Private Cardiology Group · Southeast · Employment Agreement
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Interventional Cardiology — Private Group Practice: attractive Year-1 base, but material downstream financial and mobility risk (large liquidated damages, broad non-compete, low wRVU economics).
EXECUTIVE SUMMARY
The most financially significant finding is a $750,000 liquidated-damages penalty for restrictive-covenant breaches (contract sec. 6.5) — the single largest immediate financial risk in this agreement.
SUB-SCORES
TOP CRITICAL RISKS
A fixed $750,000 liquidated-damages amount for any restrictive-covenant breach creates extreme monetary exposure and functions as a retention penalty rather than a narrowly tailored damages estimate.
Duration and territorial scope are both broad; tying territory to counties where the employer 'operates or has operated' plus 50 miles can effectively bar practice across most of the regional market.
The per-wRVU schedule ($28–$42) is far below cardiology market benchmarks ($72–$92/wRVU), suppressing productivity income over the life of the contract.
EXIT COST EXPOSURE
| Scenario | Tail Coverage | Signing Bonus | Relocation | Total Exposure |
|---|---|---|---|---|
| Leave in Year 1 | $105,000 | $75,000 | $30,000 | $210,000 |
| Leave in Year 2 | $105,000 | $56,250 | $22,500 | $183,750 |
| Leave in Year 3 | $105,000 | $37,500 | $15,000 | $157,500 |
TOP NEGOTIATION MOVES
- 1.Remove or reduce the $750,000 liquidated-damages clause
- 2.Secure a $105,000 employer-paid tail on termination without cause (or a written commitment to fund it)
- 3.Replace the CMS-anchored $28–$42/wRVU structure with a market-based conversion ($72–$92/wRVU) or add a proportional-adjustment clause
- ● Full 8-clause clause-by-clause breakdown
- ● Complete negotiation strategy
- ● Ready-to-use negotiation email templates
- ● Full exit-cost and PSLF modeling