Contract & Benefits

Physician Recruitment Process and Compensation Overview

The Total Compensation Reality: Over $400,000 in Year One

YKHC recognizes that recruiting exceptional pediatricians to rural Alaska requires compensation that reflects both the challenge and the meaning of this work. The result is a structure where first-year total earnings routinely exceed $400,000—and for many physicians, approach $500,000–$560,000+ when all components are included. When combined with Alaska’s tax advantages and Bethel’s lower living costs, this compensation becomes even more powerful, enabling long-term wealth accumulation unmatched by urban pediatric positions paying $200,000–250,000.

Base Salary: Competitive Foundation with Growth Potential

Your base salary ranges from $261,248 (new residency graduates) to $407,555 (experienced physicians). YKHC appropriately values experience—seasoned pediatricians provide immediate independent practice, mentorship, and clinical leadership. Unlike productivity-based models that pressure physicians to see more patients, YKHC’s salary is stable and predictable, supporting sustainable care with an average of 12 patients per day.

Performance Incentive: $75,000 Annual Bonus Rewarding Quality

You can earn an additional $75,000 per year in quarterly bonuses ($18,750 every three months). These incentives reward quality—timely documentation, patient satisfaction (Press Ganey), and appropriate patient volumes—not excessive productivity.

This brings your guaranteed potential compensation (base + performance) to $336,248 in year one before retention bonuses, loan repayment, or other benefits.

Sign-On Bonus: $75,000 Commitment Incentive

YKHC provides a generous $75,000 sign-on bonus for three-year commitments:

  • $37,500 within the first 90 days
  • $37,500 after completing orientation

This provides immediate financial flexibility during relocation and settling in.

Retention Bonuses: Rewarding Longevity

YKHC rewards continuity of care through annual retention bonuses:

  • 7% of base salary during years 1–2
  • 9.1% of base salary from year 3 onward

For experienced physicians, this represents $22,400–35,000 annually, accumulating to $140,000–170,000 over five years.

Student Loan Repayment: Up to $30,000 Annually

As a Health Professional Shortage Area (HPSA) site, YKHC physicians qualify for multiple repayment programs. YKHC strongly recommends the National Health Service Corps (NHSC) due to:

  • Tax-free loan repayment (no federal or state taxes withheld)
  • Geographic portability—you can transfer to any NHSC-approved site
  • Well-established institutional experience supporting applications

NHSC typically provides $50,000 over two years (~$25,000 annually). Alternatives include Alaska SHARP (taxed, Alaska-only) and IHS loan repayment.

Relocation Assistance: Up to $20,000 Plus Temporary Housing

YKHC offers:

  • $20,000 relocation assistance for families ($15,000 for single physicians)
  • No expense documentation required
  • Covered initial flights to Bethel
  • Up to 30 days of temporary housing
  • $1,500 housing reimbursement if you secure lodging independently

Time Off: Genuine Work-Life Balance

  • 26 PTO days annually
  • 11 paid holidays
  • 10 CME days

Because you have no call, no weekends, and no after-hours responsibilities, your time off is truly uninterrupted.

Health, Dental, and Vision Insurance

Coverage begins the first month after your start date, with 19 plan options accommodating different health needs, family sizes, and financial priorities. Dental and vision benefits are comprehensive and especially valuable for families with children.

Retirement Planning: 403(b) and 401(a) Pension

YKHC offers:

  • 403(b) retirement savings available immediately (pre-tax or Roth)
  • 401(a) pension eligibility after one year, with employer contributions

Maxing the 403(b) from day one ($23,000 annually) builds substantial long-term wealth.

Malpractice Coverage: Federal Tort Claims Act

Malpractice coverage is provided under the Federal Tort Claims Act (FTCA), meaning:

  • No personal premium costs
  • Robust federal protection
  • No need for tail coverage

Alaska's Unique Tax Advantages

Alaska has no state income tax and no statewide sales tax. For many physicians, this means $30,000–$40,000 annually stays in your pocket rather than going to state taxes—as much as $700,000+ over 20 years.

Alaska Permanent Fund Dividend: Annual Resident Bonus

All Alaska residents receive an annual dividend. In 2024, this amount totaled $1,702 per person. For a family of four, that’s $6,800 in tax-free household income.

Your First-Year Financial Picture

For an experienced pediatrician, your realistic first-year compensation includes:

  • Base Salary: $320,000–380,000
  • Performance Incentive: $75,000
  • Sign-On Bonus: $75,000
  • Retention Bonus: $22,400–26,600

Total Year One Cash Compensation: $492,400–556,600

With additional benefits:

  • Relocation: $20,000
  • Loan Repayment: ~$30,000

Total First-Year Financial Package: $542,400–606,600+

The Lifestyle Translation: What This Money Actually Buys

Your Bethel-based income provides equivalent purchasing power of:

  • $700,000–850,000+ in Seattle or San Francisco
  • $900,000+ in New York City

Housing remains dramatically more affordable. A $300,000–400,000 home in Bethel provides space and quality equivalent to:

  • $800,000–1,200,000 in Seattle
  • $1,500,000+ in San Francisco
  • $2,000,000+ in NYC suburbs

The 10-Year Wealth Building Scenario

A disciplined physician at YKHC can realistically reach $650,000–800,000 net worth by age 42 while eliminating loans and enjoying true work-life balance—far exceeding the financial trajectory of most urban pediatricians.

Beyond the Numbers: What Financial Security Enables

Financial stability allows you to:

  • Travel and pursue adventure without financial anxiety
  • Fund your children’s education fully
  • Support aging family members
  • Create margin for sabbaticals or part-time transitions
  • Sleep soundly knowing crises won’t destabilize your finances

YKHC’s compensation is transformative—providing security, autonomy, and the resources to build a life aligned with your values while practicing meaningful, high-impact medicine.

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