Contract & Benefits

Guaranteed Salary, Tiered RVU Productivity Incentive, and Comprehensive Benefits Package

2-year contract term employed by Morristown-Hamblen Health and Covenant Heath.
Guaranteed salary of $430,000 for 2-years
• One the 25th month, you will renegotiate. You will receive a baseline salary contingent on your previous year’s production.
Tiered RVU productivity incentive starts on Day One!
• Tier 1: <4000 = $55.00 per RVU which equates to $220,000
• Tier 2: 4001-8000 = $58.00 per RVU which equates to $231,942
• Tier 3: 8001-above = $60.00 per RVU

To cover your $430,000 salary, you would need to generate approximately 7,621 RVU’s.

To put it in perspective, if you were to generate 8,200 wRVU in a calendar year, you would earn productivity on 579 wRVU (379 would be at the Tier 2 rate of $58 and 200 would at the Tier 3 rate of $60) you will earn an additional $33,982 (379 x 58 = $21,982 and 200 x 60 = $12,000), bringing your yearly compensation to $463,982.

With the patient satisfaction incentive, you’re right around $475,000. These are private practice numbers. But who wants to deal with the administrative headaches of private practice? Here, you’ll have the freedom and autonomy of private practice all while being employed, plus NO STATE INCOME TAX!

Financially, the SKY really is the limit!!!

Physicians are provided full health, dental and vision benefits (benefits guide available)
Additional Benefits: Deferred compensation plans, STD/LTD and retirement with matching
Generous CTO and CME time: 240 Hours
CME Allowance: $5,000
Relocation: approximately: Morristown will relocate you
Sign On: Negotiable
Internal Loan Forgiveness: $10,000 annually. Never ends as long as you’re employed.
Residency Stipend: Negotiable
Patient Satisfaction Incentive: Up to $10,000 annually
Annual reimbursement for dues and license
All overhead expenses covered by Covenant Health.