Associate Dentist Contracts: 4 Red Flags for New Grads & Practice Owners | Dr. Paul Goodman

Hiring an associate, or signing on as one? Dr. Paul Goodman ("Dr. Nacho" of Dental Nachos) and Jill Ruggieri of Dentist Job Connect walk through the four contract red flags they see every week: no guaranteed income, unreasonable restrictive covenants, long termination notices, and pay plans built on a "draw." The DINKs share their own associate stories, from Chad's first job out of school to the associate who thanked Jeff for simply paying what he promised. In this episode: - Why finding the right associate is so hard - How Dentist Job Connect matches practices and associates - Red flag #1: no guaranteed income, just the promise you'll be "busy" - Red flag #2: restrictive covenants that block your next step - Why every contract needs a dental-focused attorney - Red flag #3: long termination notices and penalties - Red flag #4: complex pay plans and the word "draw" - "If you need all that protective language, maybe you're not ready" - Don't rush the buy-in: focus on a great first year - The golden rule: lay out every rule from day one - Why practice owners need mentors too 📰 Plus dental news from December 2021: the HPV awareness bill passes the House, the ADA pushes back on OSHA's COVID emergency standard, and lobbying insurers for fee increases. Dr. Paul Goodman is the founder of Dental Nachos and Dentist Job Connect. Jill Ruggieri, a physical therapist by training, is the director of Dentist Job Connect. 🙌 Special shout out to Dentist Job Connect and Dental Nachos for supporting Dentists in the Know! Chapters: 0:00 Intro 2:04 News: HPV awareness bill passes the House 3:33 News: ADA vs. OSHA's COVID emergency standard 5:28 News: lobbying insurers for fee increases 6:25 Meet Jill Ruggieri and Dr. Paul Goodman 7:33 Why finding an associate is so hard 11:21 How Dentist Job Connect works 13:21 Red flag #1: no income guarantee 18:29 Chad's first associateship: a draw 20:42 Sponsor: Dentist Job Connect 21:23 Red flag #2: unreasonable restrictive covenants 23:29 Get your contract reviewed 24:19 Red flag #3: long termination notices 27:08 Start looking before you need an associate 31:08 Red flag #4: complex pay and the word "draw" 33:06 "Maybe you're not ready" 33:32 The associate who cried at her second paycheck 35:01 Don't rush the buy-in 36:54 The golden rule: set the rules up front 37:51 Owners need mentors too 38:46 New grads are getting fewer clinical reps 39:35 How to reach Dentist Job Connect 🎧 Listen to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/dentists-in-the-know/id1543254763 Spotify: https://open.spotify.com/show/2Elfj6LX0hCUyp0AgdTsij 📺 Make sure you subscribe to catch new episodes live every Wednesday at 8pm ET! https://www.youtube.com/@dentistsintheknow 🌐 Check out our brand new website: https://dentistsintheknow.com 🌟 Stay up to date on all the latest dental trends when you follow the DINKs: https://fanflet.com/dinks/social-2