Neurology Opportunity in Southern Ohio!
PRACTICE INFO
Looking for a Neurologist to join busy hospital employed group practice.
Anticipated patient census per physician based on past practice experience:
Number of patients in office each day, scheduled and walk-ins.
15 including 5 new inpatient
Number of consults per day
varies 2-7 per day
Daily number of EMG's, EEG, EEG;
3-5 (EMGs shared with 2 physicians)
Any ICU involvement?
All consluts in ICU requiring neuro eval, mostly STAT consults
Number of telephone calls per night
varies, 2-3
Practice Payor Mix: Insurance 25% Medicare 55%
Medicaid 16% Self-Pay 3%
Large Population of Admitting Diagnosis:
Syncope (passing out)
Seizures
CVA
Headaches
Secondary diagnosis:
Back Pain
Parkinson's Disease
Epilepsy
Multiple Sclerosis
EEG/EMG Dept. at hospital:
2 Nicolet digital EEG Machines - approximately 800-1000 tests per year
Nicolet - New Viking Quest EMG machine, Feb 2006 - over 300 per year
BENEFITS:
General Neurology Opportunity: $236,000 (not yet boarded is 5% less)
- additional compensation based on tenure/experience
Vacation: 4 weeks plus holidays/sick days
CME/Books & Journals: 5 days and up to 2% of base pay
Opportunity eligible for:
1) Bonuses: 25% of gross billings in excess of business production plan target
2) Up to 7% of base income for meeting performance indicators
See sample:
an employed physician you will have two separate opportunities at the end of each contract year to earn a financial bonus: (1) gross billings, AND (2) max of 7% of base income based on percentage of Medical Center's strategic values met..
The first bonus is based on your gross billings/charges annually. So it is purely based on your productivity and what billings you generate. We will pay you 25% of your gross billings/charges annually that are in excess of your business plan annual gross billing target. Cap at $200,000.
For example, if your annual business plan gross billing target is $400,000 (or $33,000 a month) and your actual gross billings at the end of 12 months is $480,000, then we will issue you a bonus for $28,000 in addition to your annual income. (Your excess billings over the target were $80,000 x 25% = $20,000)
There is also an opportunity for you to earn up to a maximum of 7% of your base income based on a percent of the Medical Center''s strategic values met. For bonus purposes, we measure safety, service, relationships, and quality (performance is not considered for bonus purposes).
An example: *Physician's salary of $200,000 - your maximum bonus potential is $14,000.
*Percentage of Medical Center's strategic values met = 75%. (avg. 70-80%) Percentage of physician's bus. plan met (Target $1.5M: Actual $1.0M) = 67%
*BONUS CALCULATION = $14,000. x 75% x 67% - $7,035.
3 year contract also includes:
Deferred compensation: 457b plan. Defer compensation up to IRS limit of $16,500 year before taxes. No matching.
Retirement / Savings Plan: 403b plan. Defer compensation up to IRS limit of $16,500 year before taxes under age 50 and $22,000 for over age 50. Medical Center matches dollar for dollar up to 2% of base pay (max of $4,900 and $10,400 respectively)
Moving Expense: $10,000 paid to moving company
Malpractice Insurance Coverage: in a claims made insurance, in an amount of $1,000,000, per claim/$3,000,000, aggregate
Health Insurance: physician pays small premium, deducted from paycheck
Non-compete: 70 mile and 2 year non-compete clause. 90 day out clause for either party.
Medical School Loan Repayment: repay up to $200,000 ($25,000 per year for each year of service commitment)
Community emergency response plan (CERP) - pay for call - explained by CFO
Search Jobs