Contract & Benefits

Physician Recruitment Process and Compensation Overview

Mercy Medical Center in Cedar Rapids offers a highly competitive compensation and benefits package designed to attract experienced anesthesiologists who will play a pivotal role in establishing the hospital’s new in-house anesthesia team. This package provides exceptional earning potential, strong work-life balance, and long-term financial security while rewarding physicians for their expertise and leadership contributions.

Compensation Structure

Base Salary: $600,000 – A highly competitive, guaranteed salary.
Call Pay: $1,760 per shift – For any call shifts exceeding the required 35 per year.
Total Potential Earnings: $700,000+ – Depending on additional call and leadership responsibilities.

The compensation model is structured to support financial stability while maintaining a sustainable workload.

Bonuses & Incentives

Sign-On Bonus: $300,000
$150,000 paid at signing
$150,000 paid at the start date
Relocation Assistance – Generous financial support to ease the transition

Physicians seeking leadership roles may also be eligible for additional compensation incentives related to directorship positions within the department.

Comprehensive Benefits Package

Health & Insurance Benefits

Medical, Dental, and Vision Insurance – Comprehensive coverage for physicians and their families.
Malpractice Insurance – Tail coverage fully paid after three years of employment. (Physicians leaving before three years, are responsible for their own tail coverage.)
Disability Insurance – Short-term and long-term disability options available.

Time Off & Scheduling Flexibility

Paid Time Off (PTO): 9 Weeks (360 Hours) Per Year
Banked at the start of each contract year.
Covers vacation, sick leave, and CME.
Unused PTO is paid out at the end of the contract year.
Flexible Scheduling – Physicians can choose between 8-hour and 10-hour shifts to accommodate personal and professional preferences.

Retirement & Professional Development

401(k) with Employer Matching – Designed to support long-term financial security.
CME Allowance – Financial support for continuing medical education

Key Highlights of the Compensation Package

Highly Competitive Base Salary – Among the most attractive compensation structures in the Midwest.
Predictable Workload with Limited Overnight Call – The hospital’s surgical volume and procedural mix allow for a manageable call burden with rare overnight emergency cases.
Leadership & Growth Opportunities – Physicians who take on Medical Director roles or other leadership positions will have additional earning potential.
Relocation Support & Long-Term Stability – Mercy is committed to building a strong, sustainable anesthesiology team with long-term incentives.

This compensation package is designed to attract experienced anesthesiologists who seek both financial rewards and the opportunity to shape a new department in a physician-led hospital environment.