Contract & Benefits

Physician Recruitment Process and Compensation Overview

Compensation

The incoming pediatric neurologist will build a new program from a blank shell clinic with no existing patient panel. A ramp-up of six to twelve months is expected before outpatient volume reaches a steady state. The experienced base of $330,000 aligns with the MGMA 75th percentile for total compensation in this specialty ($320,415), making this a strong starting point relative to national benchmarks. However, the incentive threshold as calculated sits above the MGMA 90th percentile for wRVU production in this specialty. In practical terms, meaningful incentive compensation is not attainable at any typical production level for this specialty. The base salary is effectively the total compensation for this role as structured. This is flagged for client review before the position is marketed to candidates.

*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 4*
Clinical Hours per Week 32*
Patients per Day 10*
Weeks Worked 46*
Base Salary (Experienced) $330,000
Base Salary (New Graduate) $300,000
Conversion Factor (Experienced) $60.00 per wRVU
Conversion Factor (New Graduate) $55.00 per wRVU
Incentive Threshold (Experienced) 5,500 wRVUs* (Base ÷ CF = $330,000 ÷ $60)
Incentive Threshold (New Graduate) 5,455 wRVUs* (Base ÷ CF = $300,000 ÷ $55)
wRVU per Visit 1.36* (MGMA median wRVUs ÷ estimated annual visits)
Signing Bonus $25,000

Production Calculations

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

Variable Formula Value
Annual Visits 4 × 10 × 46 1,840*
Total wRVUs (Assumed Schedule) 1,840 × 1.36 2,502*
Total wRVUs (MGMA Median) MGMA Pediatrics: Neurology Overall 2,571*
Total wRVUs (MGMA 75th) MGMA Pediatrics: Neurology Overall 3,555*
Total wRVUs (MGMA 90th) MGMA Pediatrics: Neurology Overall 5,717*

Compensation Model

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

Total Compensation = Base Salary + Incentive Compensation

Experienced Physician | Base: $330,000 | Threshold: 5,500 wRVUs* | CF: $60.00

Scenario Total wRVUs Incentive Total Compensation
MGMA Median 2,571* $0 (below threshold) $330,000
MGMA 75th 3,555* $0 (below threshold) $330,000
MGMA 90th 5,717* (5,717 − 5,500) × $60 = $13,020* $343,020*

New Graduate | Base: $300,000 | Threshold: 5,455 wRVUs* | CF: $55.00

Scenario Total wRVUs Incentive Total Compensation
MGMA Median 2,571* $0 (below threshold) $300,000
MGMA 75th 3,555* $0 (below threshold) $300,000
MGMA 90th 5,717* (5,717 − 5,455) × $55 = $14,410* $314,410*

Market Benchmark Comparison

Metric Calculated Value MGMA Percentile Interpretation
Total Compensation, Experienced (Base) $330,000 75th* Highly Competitive Compensation; base exceeds MGMA median ($266,753*) and aligns with the 75th percentile
Total Compensation, New Graduate (Base) $300,000 50th–75th* Highly Competitive Compensation
wRVU Productivity, MGMA Median 2,571* 50th* MGMA Pediatrics: Neurology Overall
Incentive Threshold, Experienced 5,500 wRVUs* Above 90th* Threshold exceeds the MGMA 90th percentile (5,717*); incentive not attainable at typical production; client review recommended
Incentive Threshold, New Graduate 5,455 wRVUs* Above 90th* Same structural concern applies
Pay per wRVU, Experienced at Median Production $128.39* 75th–90th* Highly Competitive Compensation per wRVU at median production

MGMA Source: Pediatrics: Neurology, Overall, 2025 MGMA DataDive
wRVU Percentiles: 10th: 1,138 | 25th: 1,806 | Median: 2,571 | 75th: 3,555 | 90th: 5,717
Compensation Percentiles: 10th: $185,040 | 25th: $220,294 | Median: $266,753 | 75th: $320,415 | 90th: $375,989

Three Year Projection

Year wRVUs Total Compensation
Year 1, Program Launch 800* (clinic being built; slow ramp) $330,000*
Year 2, Full Production 2,571* (MGMA Median) $330,000* (below threshold)
Year 3 2,648* $339,900* (Year 2 × 1.03)

Note: At current threshold levels, incentive compensation is not projected within a standard three-year window. This reinforces the recommendation to revisit the threshold structure with the client.

Malpractice Coverage

Variable Value
Coverage Type Occurrence or claims-made with tail*
Coverage Limits $1M / $3M* (standard Louisiana)
Source Not confirmed; to be verified with client

Benefits and Additional Compensation

Willis-Knighton provides the following benefits and financial incentives not reflected in the production model above.

Benefits

  • Medical: three-tier plan; employee premium $120/month; PCP copay $25; specialist copay $45 (Tier 1), $60 (Tier 2); $250 annual Rx deductible; Healthy Merits program offers $600 annual premium credit
  • Dental: Basic, Enhanced, and In-Network Only plan options; preventive covered 100% across all plans; employee premiums from $24.28/month
  • Vision: annual exam covered in full at WK facilities; employee premium $6.40/month
  • Life and AD&D: employer-paid at 2.5 times annual base salary up to $500,000; supplemental options available
  • Short-term disability: employer-paid; 60% of weekly earnings up to $650/week; 14-day elimination; 24-week duration
  • Long-term disability: employer-paid; 50% of monthly earnings up to $6,000/month; 180-day elimination; buy-up available
  • Defined Benefit Pension: automatic enrollment after one year; benefit based on average of five highest consecutive earnings years multiplied by years of service; 100% vested after five years; normal retirement age 65
  • 403(b): pre-tax and post-tax contributions through Corebridge Financial
  • Flexible spending: HCRA up to $3,300/year; DCRA up to $7,500/year
  • Additional: tuition reimbursement, on-site fitness center, EAP, legal plan, critical illness insurance, pet insurance, credit union, LifeLock, cafeteria discount, local company discounts

Additional Compensation

  • Affiliation bonus: $25,000 over 3 years
  • Relocation assistance: $10,000
  • Job number not yet assigned; to be confirmed with client before candidate delivery

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