About this role
Compensation Package
Base Salary
• $225,000/year
• $18,750 per month
• Paid twice monthly (15th and last day of each month)
Work Expectations
Expected availability:
•
• Average 10 shifts/month
• 120 shifts/year
Assignments may vary significantly by:
• location
• timing
• staffing needs
____________________________________________________________________________________________
Excess Shift Bonus
If the physician works more than 10 shifts in a month:
• Additional pay of:
• $2,200 per extra shift
Reconciliation Provision
Bonuses are reconciled quarterly and annually:
• Must exceed:
• 30 shifts per quarter
• 120 shifts per year
____________________________________________________________________________________________
Holiday Shift Premium
Additional compensation of:
• $1,000 extra per holiday shift
Covered Holidays
• New Year’s Day / Independence Day / Thanksgiving / Christmas Eve /Christmas Day /New Year’s Eve
____________________________________________________________________________________________
Benefits Package
Standard Employee Benefits
Provider is eligible for:
• RPG’s standard employee benefits package
____________________________________________________________________________________________
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
____________________________________________________________________________________________
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
____________________________________________________________________________________________
Travel Reimbursement
RPG reimburses:
• reasonable and pre-approved travel expenses for assignments at customer hospitals.
• Travel must comply with RPG travel policy.
____________________________________________________________________________________________
Malpractice Insurance
Provided by RPG:
• professional liability insurance with limits of:
• $1 million per occurrence
• $3 million aggregate
____________________________________________________________________________________________
Termination Terms
Without Cause Termination
Either party may terminate with:
•
• 90 days written notice
The provider must continue covering agreed assignments during notice period.
____________________________________________________________________________________________
Bottom-Line Summary
This agreement is best characterized as:
• a high-compensation traveling Advance Practice EM/Hospitalist employment model with:
• Strong guaranteed base
• employer-covered professional expenses
• malpractice protection
• Significant earning upside via:
• extra shifts
• holiday premiums
Covered Professional Expenses
• Licenses
• DEA
• CME
• Travel
• Malpractice
Compensation Package to include Base Salary of $225,000/year BEFORE Shift Bonuses