Situation: Physician needed to negotiate exit agreement
- Physician had been a leader of clinical department for 16 years
- Health system was closing facility as part of restructuring
Legal Issues:
- Hospital administration initially advised client that an alternate position would be available
- After a significant delay, administration informed client that no such position existed
- Proposed severance terms were not acceptable
Legal Solution/Strategy:
- Negotiated with hospital to revise settlement documents
Outcome:
- Financial settlement increased from initial offer
- Payment terms were revised to meet client’s financial and tax needs
- Health insurance terms structured to meet needs of client’s family
Posted in Contracts, Corporate Counsel, Healthcare, Operations
