Creating a comprehensive compensation model contract for an advanced practice provider (APP) in a medical practice requires careful consideration of various factors, including the specific role of the APP, the practice’s needs, local market conditions and legal requirements. Below is a sample outline of a compensation model contract for an APP. Keep in mind that this is a general template and should be customized to fit the specific circumstances of the practice and the APP.
It’s essential to have the contract reviewed by legal counsel to ensure compliance with applicable laws and regulations and to protect the interests of both parties. Additionally, keep in mind that compensation models and contracts may vary based on local regulations and industry standards.