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

Compensation: Compensation Package to include Base Salary of $260,000/year BEFORE Productivity and Shift Bonuses