Contract & Benefits

Physician Recruitment Process and Compensation Overview

Physician Financial Snapshot

At a $650,000 base and a $100-per-wRVU conversion factor, this model projects total Year 2 compensation near $745,200 at 18 patients per day, placing earnings between the 73rd and 75th MGMA percentile for the specialty. The incentive threshold of 6,500 wRVUs sits just above the MGMA median of 6,393, meaning a physician reaching median wRVU production will begin earning a bonus almost immediately. The $100-per-wRVU rate is above the MGMA median of $98.56, and the base of $650,000 is approximately $61,000 above the MGMA median total compensation of $589,102, making this a competitive entry point even before productivity bonuses apply. Client notes confirm that physicians in comparable models at this program average up to $800,000 in total compensation, which is consistent with production at or above the 75th percentile wRVU level. Year 1 ramp will be driven primarily by credentialing and referral pattern development, with most physicians reaching full production by Year 2.

Compensation Table

*This model includes assumed and/or estimated inputs where data was not provided. Assumptions are clearly marked. Final compensation details are to be confirmed by the employer.

Variable Value
Clinical Days per Week 5*
Clinical Hours per Week 40*
Patients per Day 18* (upper end of confirmed range 15–18)
Weeks Worked 46*
Base Salary $650,000
Conversion Factor $100 per wRVU
Incentive Threshold 6,500* wRVUs ($650,000 ÷ $100)
wRVU per Visit 1.8*
Signing Bonus $50,000–$75,000

Production Calculations

Annual Visits = Clinical Days × Patients per Day × Weeks Worked

Total wRVUs = Annual Visits × wRVU per Visit

Metric Calculation Result
Annual Visits 5* × 18* × 46* 4,140*
Total wRVUs 4,140* × 1.8* 7,452*

Compensation Model

Incentive Threshold = Base Salary ÷ Conversion Factor

Incentive Compensation = (Total wRVUs − Threshold) × Conversion Factor

Total Compensation = Base Salary + Incentive Compensation

Component Calculation Amount
Base Salary $650,000
Incentive Threshold $650,000 ÷ $100 6,500* wRVUs
Incentive wRVUs 7,452* − 6,500* 952* wRVUs
Incentive Compensation 952* × $100 $95,200*
Total Compensation (Year 2) $745,200*

Market Benchmark Comparison

Market-Aligned Compensation — compensation percentile (~73rd) and productivity percentile (~63rd) are within approximately 10 percentiles.

Three Year Projection

Year wRVUs Total Compensation Notes
Year 1 4,471* $650,000 60%* ramp; below threshold, base salary only
Year 2 7,452* $745,200* Full production at 18 patients per day
Year 3 7,452* $767,556* Year 2 × 1.03

Malpractice Coverage

Detail Information
Coverage Type Occurrence-based
Funding Standard for UK King's Daughters employed physicians

Benefits and Additional Compensation

The following items are in addition to the base salary and productivity model above. The benefits package aligns with the standard UK King's Daughters employed physician structure across all positions at this health system.

Benefits

  • Health, dental, and vision: Comprehensive employee benefits package included
  • Retirement: 403(b) Retirement Plan (employer match not confirmed; pending client clarification)
  • PTO: 6 weeks (240 hours) annually
  • CME: 40 hours annually plus $5,000 in annual expense reimbursement
  • Malpractice: Occurrence-based coverage

Additional Compensation

  • Student loan repayment: Not confirmed for this position; confirm with client
  • Relocation assistance: Not confirmed; pending client clarification
  • Licensure: Kentucky and Ohio medical licenses required; confirm reimbursement with client

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