Physician Recruitment Process and Compensation Overview
Market-Leading Financial Package
Your compensation package reflects Good Shepherd Medical Center's commitment to attracting and retaining exceptional dermatology talent in a competitive marketplace. The financial offering combines substantial guaranteed income with incentive opportunities that reward both productivity and quality care. Unlike many dermatology positions that focus exclusively on volume-based metrics, this balanced approach recognizes the importance of quality outcomes while still rewarding clinical efficiency.
- Base salary up to $550,000, positioning you among the top-compensated dermatologists nationally
- Production bonus opportunity based on work RVUs exceeding monthly threshold of 500
- Additional 5% quality bonus reflecting the organization's commitment to excellent patient care
- Potential medical directorship stipend for leadership in developing the new service line
- Compensation structure that values your expertise while allowing work-life balance
- Financial package that recognizes the challenges of building a new practice while still providing income security
- Produce at the MGMA median and earn above the 75th Percentile
RVU Threshold: 6,000 (500 RVUs/month)
RVU Conversion Rate: $95.00
Number of RVUs Produced: 8,667 (example using MGMA median production)
RVUs Above Threshold: 2,667
FTE Compensation Summary:
- Salary: $550,000.00
- Potential Quality Bonus: $27,500.00
- RVU Incentive Bonus: $253,365.00
Your Total Compensation: $830,865.00
MGMA Median: $541,085
Comprehensive Benefits Beyond Compensation
Your benefits package extends well beyond direct compensation to support both your professional development and personal wellbeing. These offerings demonstrate Good Shepherd's holistic approach to physician support and retention.
- Student loan repayment assistance with $25,000 paid directly to your loan provider
- Generous paid time off with 256 hours (approximately 6 weeks) annually
- $3,000 annual CME allowance with 40 hours of dedicated professional development time
- Occurrence-based malpractice coverage (with tail coverage guaranteed if policy type changes)
- Comprehensive health, dental, and vision insurance
- Third-party relocation service managing your move with costs billed directly to the hospital
Financial Security for Your Future
Good Shepherd has structured retirement benefits to support your long-term financial wellbeing through multiple tax-advantaged options.
- 403(b) retirement plan with exceptional employer contributions:
- 4% base contribution to your account regardless of personal contributions
- Additional 50% match on your contributions up to 4% of salary
- Total potential employer contribution of 6% of your annual salary
- 457 deferred compensation plan for additional tax-advantaged savings
- Optional 401(k) for maximum retirement planning flexibility
- Financial planning resources to optimize your compensation and benefits
Complete Package Value
When considering the total value of this opportunity, it's important to recognize how the combination of exceptional salary, productivity incentives, comprehensive benefits, and quality of life creates a compelling overall package. In major metropolitan dermatology practices, higher operating costs, saturated markets, and intense competition often necessitate higher patient volumes and extended hours to achieve comparable compensation.
- Complete package value equivalent to significantly higher nominal compensation in major metropolitan areas
- Four-day workweek allowing genuine work-life integration without sacrificing financial security
- No call requirements, creating predictable boundaries between professional and personal time
- Opportunity to establish a new service line with the security of guaranteed compensation
In Summary
This comprehensive compensation package offers the financial security of a highly competitive guaranteed salary combined with production incentives, quality bonuses, and exceptional benefits. The overall structure recognizes both the value of your expertise and the importance of work-life balance, creating an opportunity for professional and financial success without compromising personal wellbeing.