Contract & Benefits

Physician Recruitment Process and Compensation Overview

Memorial Health System offers a negotiable compensation package with a benefits structure that stands out among Hospital Medicine programs, anchored by an employer-funded pension, a 10% retirement contribution, and 30 days of paid vacation.

Compensation

Base compensation is negotiable and discussed during the interview process
Sign-on bonus offered
Annual raises

Hospital-Paid Benefits

Hospital-paid malpractice insurance, claims-made with tail coverage
Professional dues and licensure reimbursement
Up to $2,500 annually for Continuing Medical Education, including travel, lodging, registration, and educational materials
Up to $4,000 in relocation assistance
Hospital-paid life insurance equal to one times annual salary, up to $250,000
30 days of paid vacation annually, prorated during your first year

Retirement

Plan	Detail
Defined Benefit Pension Plan	Fully employer funded
401(a) Retirement Plan	Employer contribution of 10% of annual base salary, subject to IRS limits
457(b) Deferred Compensation Plan	Optional, for additional tax-advantaged savings

Few Hospital Medicine employers still offer a defined benefit pension. Combined with the 10% employer 401(a) contribution, Memorial Health funds two retirement vehicles on your behalf before you contribute a dollar of your own.

Insurance Options

Medical Insurance
Dental Insurance
Vision Insurance
Short-Term Disability
Long-Term Disability
Supplemental Life Insurance
Accident Coverage
Cancer Coverage

Student Loan Repayment

Memorial Health System is a National Health Service Corps (NHSC) approved site. Eligible providers may qualify for federal loan repayment assistance, a meaningful financial advantage for APPs carrying educational debt.