Compensation – We are offering a guaranteed base salary range of $290,000-$315,000 depending on experience. We also offer an annual quality bonus of $30,000 based on metrics selected each quarter. Alondra Cervantes, the Clinic Operations Manager, will go over those metrics and how to achieve them in detail when you interview onsite. Essentially every physician in the group receives this metric every year. You are eligible to receive productivity bonuses in your first year, as soon as you exceed your guaranteed base salary. After 1-2 years, when you are fully ramped up, your compensation would then be on a productivity model. Dr. Gill, our primary care Medical Director, is happy to go over the specifics and sustainability of this model once you are ramped up. The physicians in the group easily exceed their RVU threshold every year.
A sign-on bonus up to $125,000 is also being offered. This bonus is paid in full on your first pay check after starting with Dignity.
Healthcare Benefits – Dignity health has a comprehensive benefits package that will be provided to you with your offer of employment. Coverage begins on the first of the month coinciding with or following your first day of employment. All elections are in effect for the entire plan year. There are four Blue Shield of California plans for you to choose from: two HMO plans with a full or limited HMO network, a traditional PPO plan (in-network and out-of-network coverage) and an HAS compatible high deductible PPO plan (in-network and out-of-network coverage).
If eligible, they also have a HealthEquity Health Savings Account (HSA) that you can contribute to. An HAS is a tax-sheltered bank account that you own to pay for eligible health care expenses for you and your eligible dependents for current or future healthcare expenses. The HAS is yours to keep, even if you change jobs or medical plans. There is no “use it or lose it” rule, the balance carries over year to year. Plus, you get extra tax advantages with an HAS because the money you deposit is exempt from federal income taxes. You do not pay income taxes on withdrawals used to pay for your eligible health expenses. You also have a choice of investment options which earn competitive interest rates, so your unused funds grow over time.
Foundations Physicians Medical Group also provides dental benefits. They have a PPO plan so you may receive dental care from the licensed dentist of your choice. You will receive the highest level of benefits if you select an in-network dentist who has agreed to provide services. If you use an out-of-network dentist, they may bill you the difference between what the dental insurance pays and the dentist charges.
Vision Benefits are included as well, you can select from 2 options for vision coverage.
Foundations Physicians Medical Group also provides Basic Life and AD&D benefits to eligible employees. Life insurance protects you and your designated beneficiaries from financial hardship in event of death. Accidental Death & Dismemberment (AD&D) insurance provides additional protection to your designated beneficiaries in the event of your death or provides a lump sum benefit to you in the event of loss of limb, eyesight or hearing.
In addition to the employer paid Basic Life and AD&D coverage, you will have the option to purchase additional voluntary life insurance to cover any gaps in your existing coverage that may result of age reduction schedules, cost of living, existing financial obligations, etc.
Retirement (401k/403b/457) – Foundation Physicians Medical Group provides 401(k) with match through Fidelity. After you complete 1 year of service, Foundation Physicians Medical Group contributes a company match and an annual non-elective contribution to your account. You can contribute from 1% to 80% of your eligible compensation up to the current IRS contribution limit. The company matches 50% on the first 6% of eligible pay that you defer to your plan.
In addition to the match, the medical group makes an annual employer contribution to the plan. The amount of the non-elective contribution increases as you age. For example physicians aged 35-44 would receive a 4% non-elective contribution to their 401(k) in addition to their match. This increases as you age, a physician 55-59 years old would receive a 7% contribution to their retirement plan.
The group has contracted with Retirement Benefits Group to support physicians regarding saving for retirement and or personalized financial assistance if you have any questions.
Student Loan Repayment – We have options for student loan repayment, depending on the needs of the physician at the time of accepting an offer of employment with us. Specifics including payment schedules and amounts will be detailed with your offer. Generally ranges from $60,000 - $100,000.