Physician Contract Glossary · Compensation
Draw
A draw is an advance against your future collections, paid to smooth out your income while you ramp up.
In a collections-based practice, a draw is a regular advance the group pays you against the money your work will eventually collect. It keeps your income steady during the months your billings have not caught up. The catch is what happens if your collections never reach the amount you were advanced. A recoverable draw means you owe the difference back. A non-recoverable draw means the practice eats it.
Find out whether the draw is recoverable or non-recoverable. A recoverable draw can turn your first year into a debt instead of a paycheck if your ramp is slower than projected.
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