This is an employed position with Eisenhower Medical Associates (EMA). You will have a two-year salary guarantee, along with a generous benefits package. This package includes 25 days PTO, 5 days CME, Occurrence-based Malpractice & Tail Coverage, Full Health Care for the entire family, a 401K with 100% match (up to $20,500 annually), profit sharing, and Disability. In addition to that, you will be given a sign-on bonus and relocation stipend.
We have worked with Eisenhower since 2004 and recruited 133 physicians to their group, so we are very familiar with their compensation packages. I have put together a proforma to demonstrate the total income potential you can reach in each position.
There will be a two-year salary guarantee to allow you to ramp up your practice. The exact amount will be based on your experience and Primary Care model you are interviewing for.
For Traditional Primary Care and Eisenhower 365, you will also be eligible each year for a performance/quality bonus which is 10% of your base salary. In our 16 years of experience working with Eisenhower, this bonus is extremely attainable as 98.5% of their physicians get this bonus. (It’s like a good-citizen bonus).
You’ll be eligible from Day 1 for a productivity bonus. For traditional primary care, they measure that in RVU’s, and for Eisenhower 365 and concierge, they will pay you a percentage of your collections and membership fees.
EMA also provides a sign-on bonus and relocation stipend with the exact amount being determined through the interview process.
| 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.
EMA will match 100% of what you contribute, up to $20,500 annually.
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.
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.