Physician Recruitment Process and Compensation Overview
Compensation & Benefits at Mercy Hospital Joplin
Mercy Hospital in Joplin, Missouri, offers a highly competitive and transparent compensation package designed to reward clinical excellence, promote work-life balance, and support long-term career growth. Physicians at Mercy benefit from a stable salary model, productivity incentives, and comprehensive benefits, ensuring financial security while maintaining a patient-focused practice environment.
Competitive Salary Structure
Mercy Hospital provides a structured and physician-friendly compensation model that includes:
- Guaranteed Base Salary – A competitive starting salary ensures financial stability for new hires.
- Productivity-Based Incentives – Physicians transition to a work Relative Value Unit (wRVU)-based compensation model, allowing for income growth based on clinical productivity.
- Quality-Based Bonuses – Additional incentive pay is available based on patient satisfaction scores, clinical outcomes, and adherence to evidence-based guidelines.
Mercy’s salary model ensures that physicians are fairly compensated for their expertise and contributions, while also maintaining a reasonable and sustainable workload.
Quality & Performance Incentives
Mercy’s compensation structure includes a quality incentive component that aligns with the hospital’s commitment to high-quality, patient-centered care. Physicians are evaluated based on:
- ✅ Net Provider Score (NPS) – A measure of patient trust and satisfaction, with Mercy consistently scoring above 90%.
- ✅ Patient Experience & Adherence Metrics – Ensuring optimal patient engagement and continuity of care.
- ✅ Clinical Outcome Standards – Encouraging evidence-based treatment approaches and patient safety initiatives.
These performance incentives provide financial rewards for physicians who demonstrate excellence in patient care and engagement.
Comprehensive Benefits Package
In addition to competitive compensation, Mercy offers a comprehensive benefits package that supports physicians’ financial, health, and professional needs.
Health & Wellness Benefits
- Medical, Dental, and Vision Insurance – Comprehensive coverage for physicians and their families.
- Malpractice Insurance – Provided with tail coverage, ensuring long-term professional security.
- Disability & Life Insurance – Protection for short-term and long-term disability as well as life insurance policies.
Retirement & Financial Planning
- 401(k) & 403(b) Retirement Plans – With hospital contributions to support long-term financial security.
- Pension Plan Options – Available for eligible employees.
Student Loan Repayment & Financial Assistance
- Loan Repayment Assistance – Mercy offers loan forgiveness and repayment options for qualifying physicians.
- Relocation Assistance – Financial support for physicians relocating to Joplin, covering moving expenses.
These benefits ensure that Mercy’s physicians are financially secure and well-supported throughout their careers.
Paid Time Off & Work-Life Balance
Mercy recognizes the importance of work-life balance and provides generous paid time off (PTO) to support physician well-being.
- Generous PTO & Vacation Time – Ensuring adequate time for rest and personal commitments.
- CME Allowance & Paid Leave – Physicians receive funding and paid leave for Continuing Medical Education (CME) activities.
- Maternity & Paternity Leave – Supporting physicians during family transitions.
With a manageable call schedule and strong hospitalist support, Mercy’s physicians enjoy both professional fulfillment and personal time.
Additional Professional & Lifestyle Perks
Mercy goes beyond standard benefits to offer additional perks that enhance both professional development and overall quality of life.
- ✅ Academic & Research Opportunities – Physicians can engage in clinical trials and teaching medical students.
- ✅ Physician Leadership Development – Mercy fosters career advancement opportunities through physician-led governance.
- ✅ Access to Local & Regional Entertainment – Joplin offers a low cost of living, outdoor recreation, and proximity to major metro areas.
The Compensation & Benefits package at Mercy Hospital Joplin is structured to attract and retain top-tier Hematology-Oncology physicians. With competitive pay, strong incentive programs, comprehensive benefits, and a commitment to work-life balance, this opportunity offers financial stability, professional growth, and an exceptional quality of life.