Contract & Benefits

Physician Recruitment Process and Compensation Overview

Imagine stepping into a practice where your financial future is secured from day one, while your earning potential remains virtually unlimited. At Kansas Heart Hospital, you'll experience a compensation structure that honors both security and ambition, designed by physicians who understand the delicate balance between practice-building and immediate financial needs.

The Foundation: Guaranteed Security During Transition

Your journey at Kansas Heart Hospital begins with an impressive $750,000 annual guaranteed salary for your first 24 months. This substantial guarantee allows you to focus on establishing patient relationships and refining your practice patterns without the stress of production pressure. As you settle into Wichita and become familiar with the referral patterns, this guaranteed income provides peace of mind for you and your family.

"We believe physicians should be able to focus on patient care rather than financial concerns during their transition," explains the practice leadership. "Our generous guarantee reflects both our confidence in the market demand and our commitment to your success." 

Key Guarantee Features:

  • Amount: $750,000 annual salary guaranteed
  • Duration: 24 months from start date
  • Flexibility: Potential to transition to production earlier if productivity exceeds guarantee

Beyond the Guarantee: Exceptional Earning Potential

What happens after the guarantee period sets Kansas Heart Hospital apart from typical employed positions. You'll transition to a production-based model that rewards your skill and dedication with compensation that could significantly exceed your guarantee.

Production-Based Compensation Structure:

  • RVU Rate: $59 per work RVU
  • Base Salary: 60% of previous year's production
  • Bonus Schedule: Quarterly true-up payments for production above base
  • Earning Potential: Top producers exceed $1 million annually

Consider the reality of the current physicians: the highest producer generates over 33,000 work RVUs annually, with even average producers exceeding 17,000. Unlike many practices where such productivity would be impossible due to referral limitations or administrative barriers, Kansas Heart Hospital's established referral networks and efficient operations make these numbers achievable.

When you join Kansas Heart Hospital, you're not just stepping into a new job—you're entering a mature practice environment where the systems, staff, and patient flow are optimized to support exceptional productivity from day one. You'll benefit from inheriting patients from retiring physicians, access to an extensive referral network cultivated over decades, and the overflow from extremely busy senior physicians.

Building Wealth Beyond Your Paycheck

What truly distinguishes Kansas Heart Hospital's financial opportunity is what happens beyond your direct compensation. As a physician at this physician-owned hospital, you'll have the opportunity to become a stockholder in the facility itself.

Additional Financial Benefits:

  • Hospital Stock Ownership: Opportunity to become a shareholder
  • Profit Distributions: Additional income when hospital performs well financially
  • APP Support: Dedicated advanced practice provider for high producers (75th percentile+)
  • Retirement Plan: 401(k) with employer match of 50% up to 8% of salary (5-year vesting)

This unique combination of direct compensation and equity participation creates multiple streams of income that contribute to long-term financial security and wealth building. Unlike purely employed models where your compensation is your only financial benefit, Kansas Heart Hospital aligns your interests with the institution's success, creating a partnership rather than merely an employment relationship.

Comprehensive Coverage for Peace of Mind

Your professional and personal financial concerns are thoroughly addressed through a comprehensive benefits package that protects you and your family while supporting your development as a physician.

Insurance and Protection:

  • Health Insurance: 100% of physician and physician’s family premium covered
  • Malpractice Coverage: $1.3 million policy paid entirely by hospital
  • Tail Coverage: Included through Kansas Healthcare Stabilization Fund
  • Dental/Vision Insurance: Available as part of comprehensive package

Professional Development:

  • CME Allowance: $5,000 annually
  • Professional Expenses: Coverage for licensing, board certification, and society memberships
  • Academic Opportunities: Support for teaching and research interests

During a recent candid conversation with the practice leadership, they emphasized their commitment to removing barriers to physician success. "We want our physicians focused on patient care and building their practice, not worrying about coverage gaps or out-of-pocket expenses for maintaining their credentials," explained one physician leader. This philosophy is evident throughout the benefits structure.

Starting Strong with Financial Support

Recognizing the significant expenses associated with a career move, Kansas Heart Hospital provides substantial support for your transition.

Relocation and Starting Support:

  • Relocation Allowance: $10,000-$20,000
  • Potential Signing Bonus: Additional incentive potentially bringing total to $75,000
  • Flexible Timing: Support structured to align with your transition needs

Balance and Flexibility

Perhaps most valuable to many physicians is the practice's approach to work-life balance. Rather than a rigid PTO system, the compensation structure allows you to customize your schedule according to your personal and professional priorities.

Time Away Approach:

  • Typical Pattern: Most physicians take 3-4 weeks vacation plus CME time
  • Scheduling Process: 30 days advance notice for planned absences
  • Coverage System: Colleagues provide seamless coverage during your time away
  • Productivity Impact: Time away affects only your production-based compensation

The practice supports this flexibility through a structured call schedule that minimizes disruptions, APP support to manage after-hours patient needs, and streamlined operations that maximize productivity during work hours.

The Financial Journey

Imagine your financial progression at Kansas Heart Hospital: You begin with the security of a $750,000 guarantee while building your practice. As your patient base grows—accelerated by inheriting patients from retiring physicians and developing satellite clinic relationships—your production-based compensation increases significantly, potentially exceeding $1 million annually for high producers. Throughout your career, your hospital stock ownership provides additional income through distributions in successful years.

For a physician seeking both immediate financial security and exceptional long-term earning potential, Kansas Heart Hospital offers an opportunity that truly stands apart in today's healthcare landscape. This isn't merely a job—it's a pathway to financial independence built on a foundation of clinical excellence and physician autonomy. 

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