New: Hem/Onc Opportunity in Southern Ohio – Excellent Compensation!!

Doctors Choice Placement
Published
October 13, 1999
Location
Midwest, OH
Job Type

Description

New: Hem/Onc Opportunity in Southern Ohio - Excellent Compensation!!
Looking for a Hematologist Oncologist to join our hospital employed group practice at a New Cancer Center that opened in November 2004.
Cancer Center:
6 exam rooms, 1 procedure room, and 14 infusion bays (5 private)
Comprehensive electronic medical records - integrated with radiation oncology department
On-site pharmacy, Lab with mlt, and Bone Marrow biopsy
Staffing - all nurses are RN's (some oncology certified), and dedicated oncology Pharmacist
Annual clinical visits: 5600+
Annual infusion volume: 11,200+ (average 900+ month) - 225 chemo patients a week
Ave. 13 new consults per week, 5-7 inpatients per day, sees about 25-30 patients a day in office
Hospital service area of over 120,000.
BENEFITS:
Hospital Employed - Base salary starts at $373,000 (not yet boarded is 5% less) plus tenure pay commensurate with experience
Vacation: 4 weeks plus holidays/sick days
CME/Books & Journals: 1 week and up to 2% of base pay
eligible for:
1) Bonuses: 25% of gross billings in excess of business production plan target
2) Up to 5% of base income for meeting performance indicators
See sample:
As 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) dashboard performance.
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.
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 an additional 5% of your base income based on a set of measures/indicators aligned with the Medical Center's 5 Strategic values of safety, service, relationships, quality and performance. So for example if your annual salary is $200,000, then an additional $10,000 is eligible for bonus based on your performance with this indicators.
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: $7500 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
Medical School Loan Repayment: repay up to $200,000 ($25,000 per year for each year of service commitment)

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