Contract & Benefits

Physician Recruitment Process and Compensation Overview

This position offers a $700,000 base salary with production incentives above a 10,145 wRVU threshold at $69.00 per wRVU, a $4.00 per wRVU quality incentive contingent on meeting quality metrics, and approximately $60,000 in annual call pay. Modeled at MGMA Midwest median production, Year 2 total compensation lands near $956,000, placing the package in the 40th to 45th compensation percentile against productivity modeled at the 50th. Year 1 compensation is projected at approximately $760,000 due to standard ramp dynamics for a newly built hand panel with no inherited volume. Upside is meaningful; the group reports multiple surgeons earning over $1M, with the top orthopedic producer at approximately $1.5M. The structure has no productivity ceiling and aligns with Midwest market norms for orthopedic hand surgery.

Compensation

*This model includes assumed and/or estimated inputs where data was not provided. Assumptions are clearly marked. Final compensation details are to be confirmed by the employer.

Variable Value
Clinical days per week 5 (3 clinic, 2 OR)
Clinical hours per week 40
Patients per day (blended) 19* (weighted across clinic days at 25 to 30 and OR days at 5 cases)
Weeks worked per year 45* (52 less 7.4 weeks for 37 days PTO, CME, and holidays)
Base salary $700,000
Incentive threshold 10,145 wRVUs
Conversion factor $69.00 per wRVU
Quality bonus rate $4.00 per wRVU above threshold
wRVU per visit 3.0* (blended across clinic encounters and OR cases)
Call pay $1,500 per shift at 40 shifts per year
Signing bonus Negotiable

Production Calculations

Metric Formula Value
Annual Visits 5 × 19* × 45* 4,275*
Total wRVUs (Year 2 Full) 4,275* × 3.0* 12,825*

Compensation Model

Component Calculation Amount
Base Salary Provided $700,000
Production Incentive (12,825* − 10,145) × $69 $184,920*
Quality Incentive (12,825* − 10,145) × $4 $10,720*
Call Pay 40 × $1,500 $60,000
Total Year 2 Compensation $955,640*

Quality Incentive is contingent on meeting the group's quality metrics: chart closure within 3 days, coding accuracy, patient satisfaction, and citizenship (meeting attendance).

Market Benchmark Comparison

Benchmarks use MGMA 2025 DataDive, Orthopedic Surgery: Hand, Midwest Region.

Metric Calculated Value MGMA Percentile Interpretation
Total Compensation $955,640* ~40th to 45th Between 25th ($775,599) and Median ($1,012,137)
Total wRVUs 12,825* ~50th At Midwest Median (12,620)
Pay per wRVU $74.51* ~55th Just above Midwest Median ($73.25)
Incentive Threshold 10,145 ~25th Threshold set near 25th percentile wRVU (10,293 Overall / 8,771 Midwest)

Alignment Assessment: Market-Aligned Compensation. Productivity and compensation sit within ~10 percentiles of each other. A producer reaching MGMA Midwest 75th percentile (14,474 wRVU) would earn approximately $1.08M* in total compensation; a 90th percentile producer (20,999 wRVU) would reach approximately $1.55M*, consistent with the group's reported top earner.

Three Year Projection

Year wRVU Target Total Compensation
Year 1 (50% Ramp) 6,413* $760,000*
Year 2 (Full Production) 12,825* $955,640*
Year 3 13,210* $984,309* (Year 2 × 1.03)

Year 1 ramp reflects standard volume build dynamics for a newly created hand surgery panel with no inherited patients. Below-threshold Year 1 production means base salary and call pay carry the year; production incentive engages in Year 2 once panel maturity is reached.

Malpractice Coverage

Element Detail
Structure Paid by employer, comprehensive
Tail Coverage Included
Limits 1M/3M* (Michigan state norm)

Benefits and Additional Compensation

Benefits and non-modeled financial incentives below sit outside the base, production, quality, and call pay components detailed in the Financial Proforma Analysis.

Benefits

  • Medical, dental, and vision insurance options
  • Short-term and long-term disability insurance
  • Life insurance
  • Pet insurance
  • Concierge services, including dry cleaning and grocery shopping support
  • 37 days PTO annually, inclusive of vacation, sick, CME, and holidays
  • CME allowance up to $7,000 per year, prorated Year 1
  • Professional dues allowance up to $3,500 per year, prorated Year 1
  • Paid malpractice coverage with tail included

Additional Compensation (Non-Modeled)

  • Signing Bonus: Negotiable
  • Relocation Assistance: Up to $15,000
  • Student Loan Forgiveness or Retention Bonus: $25,000 per year
  • Training Stipend: Up to $3,000 per month for up to 12 months, for residents or recent graduates transitioning into the role

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