In this episode, Dr. Mark Royer, private practice otolaryngologist and medical director of ENTLocums.com, joins BackTable to discuss salary negotiation for physicians.

Dr. Royer begins by using his personal career journey to highlight the importance of negotiation skills. Then, he describes how to develop these skills. Throughout the episode, Dr. Royer emphasizes the importance of knowing one’s value as a surgical subspecialist and tailoring your strategy to best suit your employer’s perspective and your needs. Relevant topics covered include selecting a practice, starting salaries, RVUs, locums, and non-compete agreements. Dr. Royer concludes by encouraging otolaryngologists to reflect on what they truly want out of their careers as they approach the negotiation table.

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SHOW NOTES

00:00 - Introduction

01:22 - Salary Negotiation

05:24 - Dr. Royer’s Journey from Residency to Entrepreneurship

10:16 - Negotiating Your Salary: Essential Tips and Strategies

26:27 - Different Approaches to Negotiation: Hospital vs. Private Practice

28:40 - Exploring the World of Locum Tenens

31:59 - Mid-Career Physician Negotiations and Raises

41:26 - Mastering Negotiation Tactics and Strategies: Tips from “Never Split the Difference”

47:38 - Navigating Non-Compete Clauses & Final Thoughts

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RESOURCES

ENT Surgery Solutions, LLC:

https://www.entlocums.com/

BackTable ENT Episode 57, “Locums Opportunities in ENT with Dr. Allison Royer:”

https://www.backtable.com/shows/ent/podcasts/57/locums-opportunities-in-ent

BackTable ENT Episode 107, “How Do I Negotiate My Physician Contract? Part I with Michael Johnson Jr., Esq:”

https://www.backtable.com/shows/ent/podcasts/107/how-do-i-negotiate-my-physician-contract-part-i

BackTable ENT Episode 108, “How Do I Negotiate My Physician Contract? Part II with Michael Johnson Jr., Esq:”

https://www.backtable.com/shows/ent/podcasts/108/how-do-i-negotiate-my-physician-contract-part-ii

“Never Split the Difference” by Chris Voss:

https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805