Fulltime W2 Hospitalist Physician At Large

About this role

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