Fulltime W2 Hospitalist Physician At Large

Compensation Package

Base Salary

• $260,000/year
  
  
  
  • $21,666.67 per month
  
  
  • Paid twice monthly (15th and last day of each month)
  
  
  
  

Work Expectations

Expected availability:

• 
  
  
  
  • Average of 10 shifts/month
  
  
  • 120 shifts/year
  
  
  
  

Assignments may vary significantly by:

• location


• timing


• staffing needs

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Productivity Compensation (wRVU Bonus)

• Additional compensation of:
  
  
  
  • $35 per wRVU billed
  
  
  
  


• Paid monthly based on prior month production

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Excess Shift Bonus

If the physician works more than 10 shifts in a month:

• Additional pay of:
  
  
  
  • $1,700 per extra shift
  
  
  
  

Reconciliation Provision

Bonuses are reconciled quarterly and annually:

• Must exceed:
  
  
  
  • 30 shifts per quarter
  
  
  • 120 shifts per year
  
  
  
  

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Holiday Shift Premium

Additional compensation of:

• $1,400 extra per holiday shift

Covered Holidays

• New Year’s Day / Independence Day / Thanksgiving / Christmas Eve /Christmas Day /New Year’s Eve

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Benefits Package

Standard Employee Benefits

Physician is eligible for:

• RPG’s standard employee benefits package

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Professional Expense Reimbursement

State Medical Licenses & DEA

RPG will:

• pay for new state licenses and DEA certifications when needed for assignments


• reimburse renewals if mutually agreed necessary for RPG operations

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Continuing Medical Education (CME)

RPG reimburses:

• tuition


• travel


• lodging for CME activities

CME Allowance

• Up to:
  
  
  
  • $2,000 per contract year
  
  
  
  

Conditions

• Must receive prior written approval from CMO


• Must submit documentation/receipts

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Travel Reimbursement

RPG reimburses:

• reasonable and pre-approved travel expenses for assignments at customer hospitals.

• Travel must comply with RPG travel policy.

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Malpractice Insurance

Provided by RPG:

• professional liability insurance with limits of:


• $1 million per occurrence


• $3 million aggregate

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Termination Terms

Without Cause Termination

Either party may terminate with:  

• 
  
  
  
  • 90 days written notice
  
  
  
  

The physician must continue covering agreed assignments during notice period.

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Bottom-Line Summary

This agreement is best characterized as:

• a high-compensation traveling hospitalist employment model with:
  
  
  
  • Strong guaranteed base
  
  
  • employer-covered professional expenses
  
  
  • malpractice protection
  
  
  
  

• Significant earning upside via:
  
  
  
  • RVUs
  
  
  • extra shifts
  
  
  • holiday premiums
  
  
  
  

Covered Professional Expenses

• Licenses


• DEA


• CME


• Travel


• Malpractice