Contract & Benefits

Covenant HealthCare offers a robust contracts and benefits package designed to attract and retain top healthcare professionals. Key components of this package include:  

  • Base Salary: An annual salary of $565,000, complemented by performance-based bonuses tied to WRVUs (Work Relative Value Units). Bonuses begin above 7,533 RVUs at a rate of $75.00 per wRVU.
  • Also earn quality incentives, $4/wRVU related to quality metrics;
  • Quality metrics based on - Chart closure within 3 days, Coding accuracy, Patient satisfaction and citizenship (meeting attendance).
  • Paid Time Off (PTO): Little over 7 weeks off per year - 37 days include holidays, CME, Sick and vacation.
  • Continuing Medical Education (CME): $3,500 stipend annually for CME activities.
  • Professional Dues and licensure paid. 
  • Relocation Assistance: Up to $15,000 in reimbursement to facilitate a smooth transition for new hires.
  • Sign-on Bonus: A substantial $50,000 sign-on bonus, demonstrating Covenant HealthCare’s commitment to attracting top talent.
  • Training Stipend: Negotiable stipend starting at $3,000 per month for up to 24 months, aiding recent graduates in their transition to full-time practice.
  • Student Loan Repayment: Negotiable 
  • Retirement Plans: Retirement benefits including a 403B plan with matching funds and a 457B plan.
  • Insurance Coverage: Comprehensive coverage with paid malpractice insurance including tail coverage
  • Health Plans: options for medical, dental, and vision insurance.
  • Additional Benefits: Supportive benefits such as short- and long-term disability insurance, and life insurance policies available to ensure financial security and peace of mind. Pet insurance.  

Covenant HealthCare’s comprehensive contracts and benefits package underscores their commitment to providing a supportive and rewarding environment for healthcare professionals, ensuring they are equipped to deliver exceptional care while enjoying competitive compensation and comprehensive support. 

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