Contract & Benefits

Physician Recruitment Process and Compensation Overview

AdventHealth Hendersonville offers a competitive, productivity-based compensation model backed by a guaranteed base during the initial contract term. The structure rewards clinical output while protecting income during ramp-up, and the benefits package reflects a large, well-resourced nonprofit health system.

Compensation Overview

The compensation model combines a guaranteed base salary with productivity upside above a defined wRVU threshold. During the initial 36-month term, the physician is protected at the full base regardless of production, providing income security while the practice matures. Once production exceeds the base threshold, every additional wRVU generates incremental income at the contracted rate.

This structure benefits physicians at both ends of the career spectrum. An early-career physician builds into volume without financial risk. An experienced cardiologist stepping into a practice that is already three months backlogged can expect to reach and exceed the productivity threshold relatively quickly.

Compensation Structure

Component Detail
Base Salary $600,000 annually
wRVU Base 9,230 wRVUs
wRVU Rate $65 per wRVU above base
Payment Frequency Biweekly over 26 pay periods
Contract Term 36 months initial; annual renewals thereafter

Additional Financial Terms

Component Detail
CME Reimbursement $3,000 per year for preapproved CME
License and Membership Fees Reimbursable up to $1,500
Paid Leave 25 days per year during guarantee period
Malpractice Occurrence-based, self-insured; provided by AdventHealth
Non-Compete 1 year post-termination; 15-mile radius of assigned practice locations

Financial Proforma Analysis

Physician Financial Snapshot

The incoming non-invasive cardiologist steps into a practice with immediate, confirmed demand. Current wait times of up to three months for echo stress testing and a referral base that is already outpacing capacity mean there is no traditional ramp-up challenge for this position. Volume is constrained by provider availability, not patient supply.

In Year 1, even at a modest ramp to account for credentialing, orientation, and workflow integration, the $600,000 base is fully protected. By Year 2, a physician seeing patients at a steady-state outpatient non-invasive cardiology pace can reasonably expect to clear the 9,230 wRVU threshold and begin generating productivity bonuses. The cath lab opening within the approximate Year 2 window will also expand inpatient consult volume, adding wRVU opportunity beyond what the current outpatient-only model supports.

Key Inputs

Provided Data

Input Value
Base Salary $600,000
wRVU Base 9,230
wRVU Rate (above base) $65
Contract Term 36 months
CME Allowance $3,000/year
License/Membership Reimbursement Up to $1,500/year
Paid Leave 25 days/year

Modeled Assumptions

Assumption Value Note
Clinic days per week 4 *Modeled Assumption*
Patients per clinic day 18 *Modeled Assumption*
Weeks worked (net of PTO/CME) 46 *Modeled Assumption*
Average wRVUs per encounter 1.30 *Modeled Assumption*
Year 1 ramp factor 75% *Modeled Assumption*
Benefits load on employer cost 28% *Modeled Assumption*

Volume Projection

Metric Year 1 (Ramp) Year 2 (Steady State) Year 3 (+3% Growth)
Clinic days per week 4 4 4
Patients per day 18 18 18.5
Weeks worked 46 46 46
Annual encounters 2,484 3,312 3,404
Avg wRVUs per encounter 1.30 1.30 1.30
Total wRVUs ~7,400 ~9,500 ~9,785

Year 1 encounters reflect 75% ramp factor applied to steady-state volume.

Revenue Projection

Year Total wRVUs wRVU Base wRVUs Above Base Bonus (×$65) Total Compensation
Year 1 ~7,400 9,230 $600,000
Year 2 ~9,500 9,230 ~270 ~$17,550 ~$617,550
Year 3 ~9,785 9,230 ~555 ~$36,075 ~$636,075

Base is fully guaranteed in all years under the contract terms. Bonus is earned on wRVUs above 9,230.

Employer Cost Table

Cost Component Year 1 Year 2 (Steady State)
Base Salary $600,000 $600,000
Productivity Bonus ~$17,550
Benefits Load (~28%) ~$168,000 ~$168,000
CME + License ~$4,500 ~$4,500
Total Employer Cost ~$772,500 ~$790,050

Three-Year Summary

Year 1 Year 2 Year 3
wRVUs ~7,400 ~9,500 ~9,785
Total Physician Compensation $600,000 ~$617,550 ~$636,075
Employer Total Cost ~$772,500 ~$790,050 ~$808,875

Break-Even Reference

Metric Value
wRVUs required to cover base 9,230
Encounters required at 1.30 avg wRVU ~7,100 encounters annually
Clinic days to reach break-even (4 days/week, 18 pts/day) ~96 clinic days (~2 years at ramp pace)

Benefits Summary

Medical Insurance

AdventHealth offers two plan options through Aetna, both with in-network preventive care covered at 100%.

Plan Individual Deductible Out-of-Pocket Max Employee Premium (Biweekly, Individual)
Traditional Plan $750 (Tier 1) $4,000 (Tier 1) $91.38
Health Savings Plan $2,000 (Tier 1) $4,000 (Tier 1) $28.62

AdventHealth contributes substantially to premiums. On the Traditional Plan (employee + family), the employer covers $763.42 of the $1,119.73 biweekly total. On the Health Savings Plan (employee + family), the employer covers $1,048.31 of the $1,211.23 biweekly total.

Dental and Vision

Plan Employee Biweekly Premium
Delta Dental PPO 75 $12.99
Delta Dental PPO 50 $14.65
DeltaCare USA DMO $8.27
VSP Vision $3.77

Dental preventive care is covered at 100% under PPO plans. Vision includes a $10 exam copay, $160 to $180 frame allowance, and $160 contact lens allowance.

Health Savings Account (HSA)

The Health Savings Plan is HSA-eligible. 2025 contribution limits are $4,300 (individual) and $8,550 (family), with a $1,000 catch-up for members 55 and older. HSA funds roll over annually and offer triple tax advantages.

Retirement

AdventHealth offers both a 403(b) voluntary savings plan and a 401(a) employer-funded matching plan through the Adventist Healthcare Retirement Plan (AHRP).

403(b) Voluntary Contributions

Detail Value
2025 contribution limit $23,500
Catch-up contribution (age 50+) Additional $7,500
Contribution options Pre-tax or Roth
Auto-enrollment default 4% after 30 days

401(a) Employer Match

Tenure Employer Match
Less than 4 years 100% match up to 4% of salary
4 to 9 years 100% match up to 5% of salary
10 to 19 years 100% match up to 6% of salary
20+ years 100% match up to 7% of salary

Vesting: 3-year cliff. At $600,000 base, the Year 1 employer 401(a) match on a 4% employee contribution equals $24,000.

Flexible Spending Accounts

Account Annual Limit
Medical FSA $3,200
Dependent Care FSA $5,000 (household)

Life and Disability Insurance

Basic life insurance and AD&D coverage are provided at no cost. Supplemental life insurance is available for the employee, spouse, and children. Evidence of insurability is required for higher coverage amounts. Short-term and long-term disability coverage is included.

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