Introduction
Many people are unaware of what a physician letter of intent is and how it is beneficial. A physician letter of intent is a document that provides the necessary details for you to make a decision on a future job. It’s important to note, though, that this document can be used in multiple ways by different types of organizations. We outline some of that below.
What is a physician letter of intent?
A letter of intent is a document that outlines the terms of an agreement. It is not a contract, but it can be used to help negotiate a contract. The letter of intent outlines the key points in an agreement between two parties, including:
- The purpose and nature of the services to be provided by each party
- A description of any work or materials provided by either party and how they will be compensated (if money changes hands)
- A delivery schedule for any goods or services (if money changes hands) – Unlikely in the physician world.
- Details around certain benefits and offerings from the future employer.
What does a physician letter of intent contain?
Let’s take a look at what a physician letter of intent actually contains. This section is also where you’ll find out how long the letter is valid for and what it does not contain:
- The name of your employer and contact information, including phone number, email address and website URL.
- The type of physician services they are requesting from your agency or business partner(s) — this includes specialty areas such as psychiatry or emergency medicine; subspecialties within these fields such as child psychiatry or cardiology; geographic locations where they’re asking you to work; hours per week available for patient care; whether you are required to provide on-call coverage; whether they have any specific requirements regarding shift assignments (e.g., preferring morning shifts only); etcetera…
- It also includes details around what you are being compensated for and how much compensation you could receive.
What is the purpose of a physician letter of intent?
A physician letter of intent is a way to start the negotiation process. It can also be used as a tool to put pressure on a hiring party and make them feel like they have to act quickly or risk losing out on the candidate.
A physician letter of intent shows that an employer is serious about joining the company, but it is not a binding agreement. This gives both parties time for due diligence before making any final decisions about how things will proceed in terms of contract negotiations or employment agreements.”
Conclusion
There is no one-size-fits-all approach to how organizations approach a physician letter of intent. Your job once you receive a letter of intent is to go through it, ask questions, compare it to others, and above all understand the details. At DocRecruits, we see physician letters of intent all the time. We know what is normal and not normal. If you would like assistance in negotiating your future position, please reach out.