This position comes with a 1-year guarantee of $500K. After the 1st year compensation is a fee for service model, with a unit value in the low $40/unit. The current team can do 12,000 – 15,000 units per year (with the top producer being over 17K) as the facility is very efficient and they structure their day so there is little downtime.
The group covers its own vacations/days off and has not needed to use locums. Physicians here earn an income based on their personal production. Partnership is in one year, provided you deliver good care and get along with your colleagues. Partnership entitles you to a vote in the group. Overhead is at 8-9% and covers all the billing/administrative costs of the group. The current managing partners are Dr. Gill, Dr. Chandra and Dr. Pannu. Each managing partner is elected for a three-year term and is elected by all the partners. Their current term expires in May.