Contract & Benefits

Physician Recruitment Process and Compensation Overview

The Family Medicine Physician’s compensation package includes a base salary starting at $315,000, increasing in the second year. Benefits include a student loan repayment option of up to $210K, CME allowance, health, dental, vision insurance, and malpractice insurance with tail coverage. Additionally, the center offers PTO, tuition assistance, a 401(k) match, and wellness programs. The physician will also qualify for both state and federal loan forgiveness programs.

Compensation

	Year 1	Year 2
Annual Base Salary	$300,000	$320,000
Sign on Bonus	$20,000	$0
Quality Incentive	$15,000	$15,000
CME	$3,750	$3,750
Total	$338,750	$338,750

The 10% Quality Incentive Bonus is based on patient satisfaction surveys, punctuality, and attendance at required meetings. Last year, 98% of employed physicians received the 10% quality bonus.

Retirement & PTO

PTO accrual is roughly 8 hours per pay period for full time, which equals roughly 208 hours per year, or roughly 5 weeks.
CME- 40 hours per year of paid CME (This is in addition to the PTO mentioned above.)
401K Match is up to 3% of your salary and this starts right away.
Pension Options- New for 2025, the employee can elect to have a second 3% match to their 401k or they can elect to participate in the employer sponsored pension which is contribution of 3% of their salary, it escalates based on age and goes to 4% for 50-59 years of age and 5% for over 60.