Contract & Benefits

Physician Recruitment Process and Compensation Overview

A Compensation Package That Reflects Your Value

Cody Regional Health has structured a compensation package that recognizes the critical importance of cardiology to the region and the lifestyle trade-offs physicians sometimes weigh when considering rural practice. The total compensation potential reaches $650,000 annually, placing this opportunity among the most competitive cardiology positions in the Mountain West. Combined with Wyoming's tax advantages and the region's lower cost of living, your earning power here translates into financial freedom that metropolitan salaries often cannot match.

Base Salary

The base salary for this position ranges from $580,000 to $600,000 annually for a full-time, mid-career cardiologist. This guaranteed compensation provides stability and security while you establish your practice and build relationships throughout the catchment area. The salary reflects market data for rural cardiology positions and acknowledges the specialized expertise you bring to a community with limited access to cardiac care.

  • Base salary range: $580,000 to $600,000 annually for FTE
  • Competitive with rural cardiology benchmarks nationally
  • Guaranteed income provides financial stability
  • Salary discussion open based on experience and qualifications

Productivity Bonus

Beyond base salary, Cody Regional Health offers an RVU-based productivity bonus of up to $50,000 annually. This incentive structure rewards efficient, high-quality care without creating the production pressure that drives burnout in many employed positions. Given the existing patient backlog and strong referral network, motivated cardiologists will find ample opportunity to reach bonus thresholds through normal practice patterns.

  • RVU-based productivity bonus up to $50,000 annually
  • Rewards efficiency without creating unsustainable pressure
  • Strong patient demand supports bonus achievement
  • Transparent metrics tied to work performed

Sign-On Bonus

The hospital offers a sign-on bonus ranging from $30,000 to $50,000, providing immediate financial support as you transition to your new role. This bonus helps offset the costs associated with relocation, licensing, and establishing yourself in a new community. Terms and distribution schedule are negotiable based on your circumstances and commitment timeline.

  • Sign-on bonus: $30,000 to $50,000
  • Supports transition costs and relocation expenses
  • Terms negotiable based on individual circumstances
  • Immediate financial recognition of your commitment

Total Compensation Potential

When base salary, productivity bonus, and sign-on bonus are combined, total first-year compensation can reach $650,000 or more. This earning potential, set against Wyoming's favorable tax environment and the region's affordable cost of living, creates purchasing power that far exceeds what the raw numbers suggest. A $600,000 salary in Cody buys a lifestyle that would require significantly more in Denver, Salt Lake City, or other regional metropolitan areas.

  • Total annual compensation potential: Up to $650,000
  • No state income tax in Wyoming
  • Lower cost of living amplifies purchasing power
  • Financial freedom to enjoy the mountain lifestyle

Relocation Assistance

Cody Regional Health provides relocation assistance to help you and your family make the move to Northwest Wyoming. This support covers moving expenses, temporary housing during your transition, and other costs associated with establishing your household in the community. The hospital understands that relocation represents a significant undertaking and aims to make the process as smooth as possible.

  • Relocation assistance provided
  • Covers moving expenses and transition costs
  • Temporary housing support available
  • Designed to ease the burden of long-distance moves

Benefits Package

The position includes a comprehensive benefits package covering health, dental, and vision insurance for you and your family. Malpractice insurance is provided with tail coverage, protecting you throughout your career and beyond. Retirement planning support, paid time off, and CME allowances round out a benefits structure designed to support your professional development and personal well-being.

  • Health, dental, and vision insurance
  • Malpractice insurance with tail coverage
  • Retirement plan options
  • Paid time off
  • CME allowance for continuing education
  • Licensure and dues support

The Wyoming Tax Advantage

Wyoming levies no state income tax, allowing you to keep more of what you earn. For a cardiologist earning $600,000 annually, this represents savings of $30,000 to $50,000 compared to practicing in states like California, Minnesota, or New York. Over a career, this tax advantage compounds into substantial wealth accumulation, funding earlier retirement, college savings, or the recreational pursuits that drew you to the Mountain West in the first place.

  • No Wyoming state income tax
  • Potential annual tax savings of $30,000 to $50,000 compared to high-tax states
  • Compounds significantly over a career
  • Amplifies the value of already-competitive compensation

This compensation structure reflects Cody Regional Health's commitment to recruiting and retaining excellent physicians. You will earn what your expertise deserves while practicing in a community that offers genuine quality of life, clinical autonomy, and freedom from the call burdens that diminish compensation value elsewhere.

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