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At some point in your career you will run across an employment agreement. For new physicians the terms and provisions in an agreement can be overwhelming. Let the Employment Agreements community guide you through the headache of a physician employment agreement with helpful articles, explanations and terms.

Employment Agreements Contributors

Wesley D. Millican, MBA
CEO and Physician Talent Officer

Employment Agreements Contributor

Wesley D. Millican, MBA

CEO and Physician Talent Officer

CareerPhysician

Wesley D. Millican, MBA, is CEO and Physician Talent Officer of CareerPhysician Advisors, LP, and CareerPhysician, LLC, providers of comprehensive talent solutions for academic children’s hospitals, colleges of medicine and academic medical centers across the nation. Mr. Millican is an acknowledged expert in completing complex faculty and executive leadership initiatives across academic medicine. He possesses a longstanding passion for career development of all young physicians and serves as a go to career resource for training program directors and their residents and fellows.

Most recently, Mr. Millican held the role of SVP and Physician Talent Officer for OU Medicine. He joined OU Medicine to lead the development of a cutting-edge academic faculty leadership talent platform. Previously, he was Founder and Chief Executive Officer of MillicanSolutions, Inc., for 17 years. The firm was a leading executive search and consulting firm, recognized nationally for its success in strategic leadership initiatives for academic medical centers and colleges of medicine prior to its acquisition by AMN Healthcare in 2015. He served as Vice President of Physician Services at Physician Reliance Network (now U.S. Oncology).

Mr. Millican has long been viewed as an expert in leadership initiatives specific to child health and the academic medical center. He has a total of 28 years of experience in search execution and has completed more than 450 complex faculty and faculty leadership assignments while keeping focus on his professional passions of student education, faculty conflict resolution, retention and succession. Additionally, and in continuing his commitment to the “future of medicine”, Mr. Millican still speaks nationally at residency and fellowship programs. His Launch Your Career^® Series is a proven resource for today’s residents and fellows and has served as a go to resource for program directors over the last 15 years.

Mr. Millican holds an MBA degree, with focus in negotiation strategy and organizational behavior from the Cox School of Business at Southern Methodist University and BBA degrees in both Marketing and Management from Texas A&M University. He has been the recipient of the National Institute for Physician Recruitment’s National Honors for Comprehensive Campaign Plans and Strategies and ACMS’s Physician Relations Executive of the Year award. Recognized as a recruiting industry expert, Millican has been published in the Wall Street Journal and was a contributor to Get Paid What You’re Worth, a book by Robin L. Pinkley, focusing on compensation and salary negotiations.

Mr. Millican serves on the Executive Committee of the McFerrin Center for Entrepreneurship, a subsidiary of the Mays Business School at Texas A&M University, and the Board of the Texas Methodist Foundation and its Institute for Congregational & Clergy Effectiveness.

Most Recent Articles

5 Things to Keep in Mind When Negotiating Your First Employment Agreement

5 things to keep in mind when negotiating your first employment agreement: 1) Always Negotiate: An institution's or practice's goal is always to attract the best talent with the leanest economic and professional package possible. Failure to negotiate for those personal, professional, and economic items important to you and your family will likely have negative long term implications on your time in the role. It is better to "ask in ...

by admin on 04-13-2020
Employment Agreements

Some employers may provide a verbal offer and an employment contract for your review. In almost all cases, the employment agreement is a binding contract. You should seek legal counsel regarding the employment contract. In addition to the guidance provided by your legal counsel, consider the areas that follow. Term – How long of a period is the contract for? How many days notice are required for termination of the contract? Salary and ...

by admin on 02-28-2020
National Practitioner Database Use

The world of medicine is changing rapidly and as a new physician entering the marketplace you should become keenly aware of and familiar with two nationwide databases that have been created over the last several years. They are - • The National Practitioner Data Bank (NPDB), and • The Healthcare Integrity and Protection Data Bank (HIPDB) Both of these databases were compiled as part of an integrated initiative to respond to ...

by admin on 02-28-2020

Most Recent Terms

Recruiters

Using recruiters to supplement your own job search efforts can be helpful. Just remember that recruiters make their money from employers, so that's where their loyalty lies. In general, they are not a quality source for seeking long-term career counseling...

by admin on 05-05-2020
Restrictive Covenants

A contractual provision between a physician and his or her employer which prevents the physician from practicing in a specified geographic area for a given period of time if the physician’s employment terminates. http://www.ama-assn.org/ama/pub...

by admin on 05-05-2020
Target

Someone well placed in a field or organization with which you arrange to meet and seek his or her help with advice or quality introductions that will advance your job search. http://www.careerchangeability.com/doctors/html/glossary.html

by admin on 05-05-2020
Leads

Leads are people who you know, or can get to know, who are able to "amplify" the intelligence within your own brain by "leading" you to socially and professionally well-connected others, whose assets, wisdom, and contacts you can mobilize...

by admin on 05-05-2020
Networking

A method used to develop a broad list of contacts -- people you've met through various social, professional, and business functions -- and encouraging them assist you in looking for a job. People in your network may be able to give you job leads,...

by admin on 05-05-2020
Career Options

Choices or possibilities open to you based upon your personal and professional preferences, like your skills, interests, needs, and values. http://www.careerchangeability.com/doctors/html/glossary.html

by admin on 05-05-2020
Cold Call

When a job-seeker approaches an employer (usually through an uninvited cover letter) who has not publicly announced any job. http://www.quintcareers.com/jobseeker_glossary.html

by admin on 05-05-2020
Career Assessment

A career assessment is written documentation of the position you want based on an examination of the goals you want to achieve. It describes the professional, financial, family, social, recreational, and geographic characteristics associated with your...

by admin on 05-05-2020
Career Exploration

The process of finding a rewarding career path, as well as specific jobs within a particular career path. http://www.quintcareers.com/jobseeker_glossary.html

by admin on 05-05-2020

Most Recent Questions

I've been advised by my program director to nail down an employment contract - negotiated and executed - many months prior to completing my training? What's the rush?

There are some very good reasons to work toward the goal of having an employment contract executed 12-6 months prior to completion of training. For instance, if you are moving to a new state, you will need to obtain a license to practice in that state...

by admin on 11-07-2020
If a career counselor advises me to have a signed employment agreement early in my final year of residency, then I should be looking for a job almost two years before I complete my training, right?

The majority of residents and fellows believe that they should begin their practice search when they begin their final year of training; anytime before that is just too soon. That’s not so! This common misconception can cause a hurried search and...

by admin on 08-23-2020
Given the economic climate, what's the risk of accepting a job with the first quality practice that makes me an offer?

Every job opportunity that presents itself to you is not a good one. And every practice you talk to will present itself as a quality practice. Practices that know how to recruit are only going to show you the good parts. And even when the practice is...

by admin on 06-20-2020
Frankly, the range of options open to me and the complexity of the choice of opportunities overwhelm me. How do I really know what's right for me until I try?

Not all opportunities are created equal. It is vital that you find a position that is a good fit with your skills and goals. At any given time, there are numerous academic and private practice positions available across the country. So while finding possibilities...

by admin on 05-17-2020
I spend considerable time combing through job opportunities, advertisements, etc. But something tells me it will all boil down to "who you know" in the end. Is this true?

Molly D. Shepard, president of Shepard Executive Resources in Philadelphia, says: "In counseling high-level executives and physicians, I have found that at least 85 percent of the really good, exciting jobs are found through personal contacts. There...

by admin on 05-15-2020
I'm in my last year of training and am anxious to find the ideal position. How can I speed up the timeline on my job search?

Ideally, a comprehensive career assessment should be completed 24-18 months prior to completion of training. It is important to note that the timeline described is the “optimal” timeline. If you are in your last year of training and have not...

by admin on 05-15-2020
Out of fear of offending someone, what might the consequences be if we held back during an interview?

"The final misconception we will dispel is the one that says you can’t ask the tough questions you really want answers to without damaging the chemistry you have built with the practice. Many candidates have a gut instinct to ask a particular...

by admin on 05-15-2020
I get job advertisements mailed to me, see positions posted online and in journal, even receive telemarketing offers to interview. Any advice for separating the initial wheat from the chaff?

As with any other commercial decision, you must learn to be a very discerning consumer when sorting through your career choice and direction. Use your career assessment tools as a basis for comparing your options and opportunities. Pre-call interviews...

by admin on 05-15-2020
Is it really that important for me to get so formally structured in my search for a position?

Yes, by attacking this critical task with a proven methodology you'll greatly increase the likelihood of finding a position that will meet your professional, financial, family, social, recreational, and geographic needs. In short, the purpose is to...

by admin on 04-18-2020