The compensation package for this role is highly competitive, with a base salary ranging from $500,000 to $600,000, depending on experience and commitment level. In addition, there is a 10% quality bonus, as well as a productivity-based RVU bonus, calculated after reaching a threshold of $56 per RVU. The center provides a comprehensive benefits package, including a 401K plan with generous matching, full health, dental, and vision coverage, and malpractice insurance with tail coverage. Relocation assistance and a sign-on bonus are also available to support candidates moving to the area. Additional benefits include eight weeks of paid time off, one week for CME, and five supplemental days for personal needs. Educational allowances are provided for professional development, including meeting registration and travel expenses. State licensure, DEA, medical staff dues, and board certification expenses are fully covered by the center.
| Year 1 | Year 2 | Year 3 | |
|---|---|---|---|
| Base Salary | $600,000.00 | $600,000.00 | RVU Production |
| Guaranteed 10% Performance Bonus | $60,000.00 | $60,000.00 | |
| RVU Production Bonus | $67,200.00 | $112,000.00 | |
| Sign-On Bonus | $10,000.00 | NA | |
| Relocation Assistance | $10,000.00 | NA | |
| Total Compensation | $747,200.00 | $772,000.00 | |
| Calculations | |||
| Projected RVUs In Excess of 10,714 | 1,200 | 2,000 | 3,000 |
| RVU Dollar Amount | $56.00 | $56.00 | $56.00 |
| Cost Breakdown | EMA | Employee |
|---|---|---|
| Employee Only | 95% | 5% |
| Spouse/Registered Domestic Partner* | 80% | 20% |
| Children/Dependents** | 75% | 25% |
Employees will be eligible to join the Plan on their date of hire.
401(k) Matching Contributions: EMA will match 100% of what you contribute, up to $23,000 annually.
Profit Sharing Plan: In addition to participation in the 401(k) as referenced above, salaried physicians may elect to have their gross compensation reduced in lieu of a profit-sharing plan contribution. Contributions are not to exceed 25%ofcompensation. Under this provision an additional $19,000 may be contributed so that total 2021 retirement savings may reach up to $58,000 ($64,500 for those 50orolder) for the Profit-Sharing Plan plus the 401(k)Deferral and 401(k) Matching, which is the total allowable contribution for the 2021 calendar year pursuant to IRS limitations. Profit Sharing funds will be deposited in the employee’s elected investment funds in 2022.Please contact EMA to participate in the Profit-Sharing Plan.
Vesting: 401(k) employee contributions and profit-sharing contributions are always 100% vested. Matching contributions are vested over 5 years as follows: One year of service is counted for each calendar year, during which at least 1,000 hours were worked.