By: Pearl Walia An Income Guarantee Agreement is a type of forgivable loan provided by a hospital to a physician who is newly entering practice. Under this agreement, the hospital offers financial support to help the physician establish their practice within the community. If the physician makes the guaranteed amount under the agreement and continues to practice in the community for the pre-determined duration as established under the agreement (also known as the “forgiveness period”), the hospital will forgive the loan. These agreements are commonly used in communities with a greater need for physicians or specialists, as they help support…
The post What is a Physician Income Guarantee Agreement and How to Negotiate with a Hospital? first appeared on Jones Health Law, P.A..