As a physician, one of the most important aspects of your practice is the relationship you have with your patients. You work hard to provide the best possible care, and your patients trust you to do just that. However, disputes can arise, and it`s important to have a plan in place to handle them. That`s where a physician patient arbitration agreement comes in.
What is a physician patient arbitration agreement?
A physician patient arbitration agreement is a legal document that outlines how any disputes between a physician and a patient will be handled. In this agreement, both parties agree to settle any potential claims or disagreements through arbitration rather than going to court.
Why is a physician patient arbitration agreement important?
There are several reasons why a physician patient arbitration agreement is important. Here are just a few:
1. It can save time and money.
Arbitration is generally faster and less expensive than going to court. With an arbitration agreement in place, you and your patient can avoid the time and expense of drawn-out court proceedings.
2. It can protect your reputation.
Going to court can be a public affair, with media attention and public scrutiny. By settling disputes through arbitration, you can protect your reputation and keep the details of any disagreements confidential.
3. It can help you maintain control.
When you go to court, the outcome is in the hands of a judge or jury. With arbitration, you and your patient can agree on who will serve as the arbitrator and have more control over the process.
What should be included in a physician patient arbitration agreement?
A physician patient arbitration agreement should be carefully crafted to ensure that it meets the needs of your practice and protects the rights of both you and your patients. Here are some key elements that should be included:
1. A description of the disputes that will be subject to arbitration.
2. A description of the arbitration process, including the selection of an arbitrator and the rules that will govern the arbitration.
3. A provision that limits the amount of damages that can be awarded in arbitration.
4. A provision that specifies how any legal fees or costs associated with the arbitration will be divided between the parties.
5. A provision that specifies the law that will apply to the arbitration.
6. A provision that explains how the agreement can be terminated.
A physician patient arbitration agreement is an important document that can help you maintain strong relationships with your patients and protect your practice from costly legal disputes. By working with an experienced attorney to create an agreement that meets your needs, you can enjoy the peace of mind that comes with knowing you have a plan in place for handling any potential conflicts that may arise.