Contract & Benefits

Physician Recruitment Process and Compensation Overview

Competitive Compensation Reflecting Specialty Value

Cape Fear Valley Health System offers a compensation package for Child & Adolescent Psychiatrists that reflects both the scarcity of this specialty and its crucial importance to the health system's behavioral health services. You'll benefit from a model that provides financial security through guaranteed base compensation while offering significant upside potential through productivity and quality incentives.

The base compensation of $300,000 annually positions you competitively within the market for child psychiatry, especially considering the reasonable cost of living in the Fayetteville area. This guaranteed salary is secured for the full three-year initial contract term, providing financial stability as you establish your practice.

Productivity Model with Enhanced Earning Potential

Beyond your substantial base salary, you'll benefit from a productivity model designed to reward clinical efficiency while respecting the unique demands of pediatric practice:

• Reasonable work RVU threshold (easily achievable for most outpatient psychiatrists)
• Compensation per work RVU beyond threshold, paid quarterly
• 20-minute follow-up appointments acknowledge the complexity of pediatric care
• Child psychiatrists typically earn between $380,000–$390,000 annually
• No hidden qualifiers or complex calculation methodologies

This structure acknowledges the unique demands of child and adolescent psychiatry while providing the opportunity for substantial income beyond the base salary for clinically productive providers.

Quality Bonus Program

In addition to productivity compensation, you'll participate in an annual quality bonus program that rewards excellence in patient care and professional collaboration:

• Potential bonus of up to 10% of your annual RVU production
• Most providers achieve 8–8.5 points out of 10 possible
• For 6,000 RVUs annually, this equals an extra $24,000–$25,500
• Metrics include peer review, documentation quality, collaboration, and outcomes
• Transparent evaluation process with regular feedback

This incentive creates alignment between financial rewards and clinical excellence, encouraging a culture that values both productivity and exceptional patient care.

Enhanced Recruitment Package

Recognizing the scarcity of qualified child and adolescent psychiatrists, Cape Fear Valley offers an enhanced recruitment package to support your transition:

• Sign-on bonus typically ranging from $25,000–$50,000
• Relocation allowance of $10,000–$20,000 based on distance and complexity
• Potential stipend during final year of training if applicable
• Direct payment to movers to eliminate out-of-pocket costs
• Student loan repayment assistance opportunities

These incentives ease the financial burden of transition and demonstrate the system's investment in your long-term success.

Comprehensive Benefits Package

Your compensation extends beyond salary with a benefits package supporting your wellbeing:

• 25 days PTO plus ~9 holidays annually
• $4,100 CME allowance and 40 hours of educational time
• Comprehensive health, dental, and vision insurance (family options included)
• 340B program offering prescription discounts
• Reduced/eliminated facility charges within the system
• Liability insurance with tail coverage
• HSA and FSA options for tax savings

This benefits package enhances your financial security and health support throughout your career.

Retirement Planning for Long-Term Financial Security

Cape Fear Valley's retirement benefits are built for security and flexibility:

• 403(b) plan with matching contributions
• Supplemental 457 plan for added tax-deferred savings
• Personalized planning through Lincoln Financial
• User-friendly tools for managing and monitoring
• Flexible loans for education or major expenses

These options help you build wealth efficiently and plan confidently for your future.

Additional Income Opportunities

Cape Fear Valley offers optional income opportunities for expanded practice:

• Weekend rounding on inpatient adolescent unit
• Potential work with the new Central Harnett adolescent unit
• Optional psychiatric ED shifts
• Moonlighting within the system
• Teaching stipends for educational involvement

These opportunities allow you to boost income and expand your professional scope.

Public Service Loan Forgiveness Eligibility

Cape Fear Valley qualifies for the Public Service Loan Forgiveness (PSLF) program:

• Potential federal loan forgiveness after 120 qualifying payments
• Access to financial advisors for PSLF guidance
• Support with employment verification and documentation
• Additional loan repayment assistance during recruitment
• Flexible compensation structuring to maximize impact

This program adds significant financial value to your overall package.

Transparent and Flexible Approach to Compensation

Cape Fear Valley maintains consistency while offering a customized approach to compensation:

• Adjustable terms to match your specific needs
• Open discussions about financial priorities
• Transparent negotiation with legal guidance as needed
• Customized package honoring your goals
• Clear, simple contract language with no hidden clauses

This ensures your package is tailored and equitable, aligning with your individual situation.

The total compensation package for Child & Adolescent Psychiatrists at Cape Fear Valley represents a thoughtfully designed balance of guaranteed income and performance incentives. Combined with a robust benefits suite and supportive work environment, this offer delivers exceptional professional and personal value.