Contract & Benefits

Physician Recruitment Process and Compensation Overview

Competitive Financial Package (Currently Under Review)

At CarolinaEast Health System, you'll receive a comprehensive compensation package designed to recognize your value while providing financial stability and long-term growth opportunities. As Murray Gilgo, VP at CarolinaEast, directly stated: “We're willing to pay what we need to within reason to be able to get candidates.” This candid commitment to competitive compensation is backed by action—the organization is offering a guaranteed $300,000 annual salary for your first two years of employment. This substantial guarantee provides financial security during your practice-building phase, allowing you to focus on establishing patient relationships without productivity pressure. CarolinaEast understands that attracting and retaining exceptional primary care talent is essential to fulfilling their mission of community health excellence, and they’re prepared to invest in the right physician partners.

Your compensation will begin with a guaranteed base salary during an initial guarantee period, providing financial security as you establish your practice. This guaranteed salary is calibrated to be approximately 90–95% of your expected total compensation, creating a realistic financial foundation while still offering productivity incentives.

  • Competitive base salary currently under review for a potential increase
  • Two-year salary guarantee aligned with the calendar year
  • Opportunity to earn above guarantee even during the guarantee period if productivity exceeds expectations
  • Sign-on bonus available with favorable forgiveness terms
  • Realistic productivity expectations that acknowledge the time needed to build a patient panel

Transparent Production-Based Compensation Model

After your two-year guaranteed period of $300,000 annually, you'll transition to a clear, equitable compensation structure based primarily on work RVU production with an additional component tied to quality and system metrics. Unlike many production models that can feel opaque or continuously shifting, CarolinaEast offers a straightforward approach that allows you to forecast your earnings based on patient volume and complexity.

The current payout rate is approximately $47 per work RVU for primary care, based on the most recent national physician compensation surveys, with 90% of compensation determined by productivity and 10% tied to achievement of system and quality metrics. While this structure is currently under review, any changes would be designed to enhance physician compensation rather than restrict earning potential.

  • $300,000 guaranteed annual salary for the first two years
  • Work RVU-based compensation model with transparent payout rates following guarantee period
  • Additional earning potential through achievement of system and quality metrics
  • Ability to receive the difference between base and production even during guarantee period
  • Compensation structure designed to reward both volume and quality of care
  • Payout rates calibrated to national compensation survey data
  • Opportunity to earn significantly above base salary through productivity

Example Compensation Scenario: If you generate 6,000 work RVUs annually with a base salary of $275,000 and achieve all five system and quality metrics, your total compensation would reach approximately $309,500 (based on current rates, subject to potential increase with the ongoing compensation review).

Comprehensive Benefits and Allowances

Your financial compensation is complemented by a robust benefits package that addresses both immediate needs and long-term security. CarolinaEast understands that physician well-being encompasses more than just salary, and their benefits reflect this holistic approach to provider satisfaction.

  • Comprehensive health, dental, and vision insurance coverage
  • Substantial retirement plan with organizational contributions
  • Generous paid time off allowance with flexibility for scheduling
  • CME time and allowance for maintaining certifications and expanding clinical knowledge
  • Professional liability insurance coverage
  • Relocation allowance to facilitate your transition to New Bern
  • Potential eligibility for public service loan forgiveness through the non-profit structure

Long-Term Financial Security

CarolinaEast’s approach to physician compensation is designed not just for immediate financial reward but for long-term career satisfaction and stability. The organization’s non-profit status offers potential advantages for physicians with educational debt, while the established market presence provides practice stability rarely found in newer healthcare organizations.

  • Eligibility for public service loan forgiveness through non-profit status
  • Market stability through established community presence
  • Clear path to increasing compensation through practice growth
  • Potential for leadership roles with additional compensation
  • Retirement planning support for long-term financial security

This comprehensive approach to physician compensation and benefits reflects CarolinaEast's understanding that financial well-being is essential to physician satisfaction and retention. By offering competitive compensation with a transparent structure, extensive benefits, and opportunities for financial growth, CarolinaEast demonstrates their commitment to your professional and personal prosperity.

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