Coffee & Contracts - Transparency in Compensation: The Role of Fair Market Value
Financial Residency · Jon Appino
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Show Notes
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Today, Jon dives into the often misunderstood concept of fair market value (FMV) in physician contracts. He discusses how employers determine FMV using various data sets and internal metrics, emphasizing the importance of transparency in these calculations.
Jon also explores how physicians can negotiate compensation based on their workload and additional responsibilities, and why understanding FMV is crucial in contract negotiations.
Tune in to learn more about how to ensure you're fairly compensated and what to consider when reviewing your contract's terms and FMV assessments.