In the first year, new physicians are provided with a guaranteed total compensation ranging from $300,000 to $400,000, which includes a signing bonus and relocation reimbursement. This generous package ensures financial stability as physicians transition into their new roles.
Starting in the second year, physicians transition to a Base + WRVUs (Work Relative Value Units) model, which includes three components: base compensation, productivity, and value/quality. The base compensation is set at 65% of the target compensation, aligning with the 50th percentile of industry benchmarks. This base pay is provided regardless of clinical productivity or performance on quality metrics, ensuring a stable income. Additionally, up to 10% of the target compensation is tied to quality and value metrics, incentivizing high-quality patient care. Productivity compensation is determined by WRVU production, with the threshold set at 75% of the median specialty-specific WRVU benchmarks. This model offers significant earning potential, allowing providers who produce at the market median to reach the 60th percentile in compensation. Importantly, production is uncapped, providing opportunities for additional earnings based on clinical performance.
Time off - The paid time off (PTO) policy is generous, with 20 days per year for the first five years of employment, increasing to 25 days thereafter. Physicians also receive three CME days (24 hours) of additional paid time off, specifically allocated for CME activities. In addition to PTO, the clinic observes 10 paid holidays, including New Year's Day, Martin Luther King Jr. Day, Presidents Day, Juneteenth, Memorial Day, Fourth of July, Labor Day, Thanksgiving Day, Black Friday, and Christmas Day. Some holidays are designated as floating, granting extra paid time off if physicians are required to work on these days.
Benefits - The benefits package includes comprehensive health, dental, and vision insurance plans, ensuring that physicians and their families are well-covered. Life insurance, retirement plans with matching and vesting options, and other wellness benefits are also provided
Relocation – Up to $15K - Managed Cap Relocation program administered by NuCompass; as an exception may receive $15k cash subject to taxes with 1 year claback.
401k/403b/457 - Empower Retirement 401 (k) - immediately eligible to participate. BT Health matches 50% of employee's contributions up to 6% of eligible earnings each pay period. Always 100% vested.