Physician Recruitment Process and Compensation Overview
Competitive Base Salary with Productivity Potential
Cape Fear Valley Health System offers Consultation-Liaison Psychiatrists a compensation package that recognizes the specialized expertise and unique demands of this role. You'll enjoy financial security through guaranteed base compensation while maintaining the opportunity for additional earnings through productivity and quality incentives.
The base compensation of $300,000 annually positions you competitively within the market, particularly considering the reasonable cost of living in the Fayetteville area. This guaranteed salary is secured for the full three-year initial contract term, providing stability as you establish your practice and develop the consultation service.
Productivity Model Tailored to Consultation Work
Beyond your substantial base salary, you'll benefit from a productivity model designed to reward clinical efficiency while recognizing the unique nature of consultation psychiatry:
- Reasonable work RVU threshold
- Compensation of per work RVU beyond threshold, paid quarterly
- Schedule structures that enable productive consultation psychiatrists to exceed base salary
- No bureaucratic barriers to capturing appropriate billing for services
- Clear, predictable connection between clinical work and compensation
For psychiatrists working a traditional Monday–Friday schedule, this structure enables total compensation approaching or exceeding $425,000 annually. A 7-on/7-off schedule reduces clinical days, but still offers competitive compensation with significant lifestyle benefits.
Quality Bonus Program
In addition to productivity compensation, you'll participate in an annual quality bonus program that rewards excellence in patient care and collaboration:
- Potential bonus of up to 10% of your annual RVU production
- Most providers achieve 8–8.5 points out of 10 possible
- Bonus value for 6,000 RVUs: $24,000–$25,500
- Metrics include consultation response time, documentation quality, collaboration, and education
- Transparent evaluation with regular feedback
This aligns financial rewards with clinical excellence, encouraging a culture of high-quality care.
Enhanced Recruitment Package
To support recruitment, Cape Fear Valley offers a generous onboarding package:
- Sign-on bonus of $25,000–$50,000
- Relocation allowance of $10,000–$20,000
- Potential stipend during training if applicable
- Direct payment to moving companies
- Flexible start date to meet your needs
These benefits reduce your transition burden and signal strong institutional investment in the CL service.
Comprehensive Benefits Package
Your benefits extend beyond salary to support your overall wellbeing:
- 25 days of Paid Time Off plus 9 holidays
- $4,100 CME allowance and 40 hours of educational leave
- Health, dental, and vision insurance with family coverage
- 340B prescription discount program
- Reduced facility charges for services within the system
- Professional liability insurance with tail coverage
- HSA and FSA options for tax-advantaged savings
This robust package enhances both financial security and personal wellness.
Retirement Planning for Long-Term Financial Security
Cape Fear Valley supports your retirement planning with multiple savings options:
- 403(b) plan with employer matching
- Additional 457 plan for supplemental savings
- Financial planning with Lincoln Financial
- User-friendly tools for monitoring progress
- Loan access for major life events
These benefits allow you to build long-term financial security throughout your career.
Scheduling Flexibility and Compensation Implications
You may choose the practice model that best suits your lifestyle and financial goals:
- Monday–Friday schedule (8:00am–5:00pm) maximizes RVUs and compensation
- 7-on/7-off schedule (8:00am–7:00pm) offers lifestyle benefits with adjusted expectations
- Option to incorporate ECT, TMS, or addiction services for additional income
- Weekend coverage opportunities for supplemental compensation
- Flexible scheduling responsive to service needs and your preferences
This structure enables a customized balance of compensation and lifestyle.
Support for Professional Development
Cape Fear Valley encourages ongoing professional growth:
- Generous CME support for advanced training
- Paid time for conferences and education
- Support for maintaining CL Psychiatry board certification
- Opportunities to develop clinical subspecialties
- Institutional support for quality improvement work
These programs promote lifelong learning and career advancement.
Public Service Loan Forgiveness Eligibility
Cape Fear Valley is a qualifying employer for PSLF, helping ease educational debt:
- Potential forgiveness after 120 qualifying federal loan payments
- Access to financial advisors for guidance
- Employment documentation and support for PSLF requirements
- Additional loan repayment assistance possible during recruitment
- Flexible pay structures to optimize loan repayment
For psychiatrists with debt, this benefit significantly increases the value of the total compensation package.
Customized Contract Terms
Cape Fear Valley takes a flexible, transparent approach to contract negotiations:
- Willingness to adjust terms based on your needs
- Open discussions on priorities like schedule and loan repayment
- Transparent process with legal support if needed
- Customized offers that reflect individual values
- Clear contracts without hidden clauses
This ensures your compensation and structure align with your personal and professional goals.
The total compensation package for Consultation-Liaison Psychiatrists at Cape Fear Valley reflects a thoughtful, strategic investment in this service line. With practice flexibility, generous support systems, and career development opportunities, the position offers a compelling pathway for psychiatrists seeking excellence and fulfillment in this subspecialty.