Contract & Benefits

Physician Recruitment Process and Compensation Overview

Financial Structure and Partnership Opportunity

A Compensation Model Built for EP Earning Potential

Southern Medical Group understands the national market for electrophysiologists. Hospital and practice leadership have explicitly acknowledged that EP physicians command premium compensation because they generate premium revenue. The guarantee for this position falls in the $600,000–$650,000 range, with final numbers negotiable based on experience, training background, and procedural expertise.

This base guarantee was updated within the past year after leadership recognized that prior offers were not competitive. The model transitions to productivity-based earnings after the guarantee period. Work RVU rates are structured to reward output without creating unsustainable pressure.

  • Base guarantee: $600,000–$650,000 (negotiable based on experience)
  • Compensation model: Salary guarantee transitioning to wRVU-based productivity
  • Partner wRVU rate: $65 per work RVU
  • Associate wRVU rate: $60 per work RVU during partnership track
  • Partnership track timeline: Approximately one year

Given EP procedural volumes and the regional referral base, physicians who work efficiently find that productivity compensation scales quickly and meaningfully.

Income Beyond Clinical Production

The co-management agreement with Tallahassee Memorial Healthcare creates substantial additional income for partners. This structure compensates physicians for quality improvement initiatives, committee participation, and achievement of defined clinical metrics. Partner physicians earn approximately $65,000 annually through this agreement, income that does not require additional clinic sessions or procedural days.

The evolving Heart and Vascular Institute structure also creates compensated leadership opportunities. Section chairs, medical directors, and committee leaders receive additional income tied to governance and program development responsibilities.

  • Co-management income: Approximately $65,000 annually for partners
  • Quality metrics: Based on measurable outcomes already embedded in standard practice
  • Governance participation: Compensated committee and institute roles
  • Medical director opportunities: Additional income for leadership involvement
  • Total partner compensation: Mid-to-high six figures with additional upside

ASC Equity and Joint Venture Opportunity

The ambulatory surgery center opening in spring 2026 represents a significant long-term wealth-building opportunity. Structured as a joint venture between Tallahassee Memorial Healthcare (51%) and Southern Medical Group (49%), the ASC allows physician partners to invest directly in a purpose-built cardiovascular facility.

EP procedures appropriate for outpatient settings will be performed in the ASC. Your procedural volume directly contributes to the facility’s performance and profitability. The building is constructed, buildout is underway, and cases will begin later this year.

  • Two-lab ASC opening spring 2026
  • Joint venture structure: 51% hospital / 49% physician group
  • Partner equity buy-in opportunity available
  • Outpatient EP procedures performed at ASC
  • Profit-sharing based on ownership stake
  • Convenient location adjacent to physician office building

Partnership Track and Buy-In

The partnership pathway spans approximately one year. During this period, you practice as an employed physician, demonstrating clinical competence, cultural alignment, and commitment to the group. The buy-in is $30,000, widely regarded by current partners as reasonable relative to income potential and equity participation.

Partnership confers full voting rights, equity ownership, co-management eligibility, and participation in ASC investment opportunities. The governance model is genuinely physician-led, with partners determining hiring decisions, compensation structures, and strategic direction.

  • One-year partnership track
  • Buy-in: $30,000
  • Full voting rights and equity ownership upon partnership
  • Co-management eligibility begins at partnership
  • ASC investment participation available to partners

Benefits Package

  • Malpractice insurance (tail included)
  • Health, dental, and vision coverage
  • 401(k) eligibility after one year
  • Six weeks vacation (ten weeks as partner)
  • CME allowance and professional development support
  • Relocation assistance up to $10,000
  • Signing bonus: $50,000
  • Licensing and credentialing fee coverage

The Financial Reality

EP physicians at Southern Medical Group have the potential to earn well into seven figures when combining clinical productivity, co-management income, leadership compensation, and ASC distributions. The practice does not promise this outcome to every physician, but the financial structure makes it achievable for those who engage fully and build robust procedural volumes.

Regional market dynamics work in your favor. Limited competition concentrates referrals. The call structure protects personal time. The cost of living in Tallahassee allows high income to convert into meaningful wealth accumulation rather than being absorbed by inflated housing and state income taxes.

This compensation model reflects a clear understanding of the electrophysiology market: you have options everywhere. The financial package here competes with major metropolitan markets while offering a quality of life those markets rarely deliver.

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