Contract & Benefits

Physician Recruitment Process and Compensation Overview

Physician Financial Snapshot

This is a production-based role with a strong guaranteed base. The new graduate tier starts at a base of $748,878, and the experienced tier starts at $810,000, both evergreen. Both tiers pay $65.17 per wRVU above the incentive threshold, and because each tier's base equals its threshold at that rate, total compensation above threshold tracks production closely for either tier. Modeled at the MGMA Invasive-Interventional median of 11,683 wRVUs, expected total compensation lands near the base for each tier, and production toward the 75th percentile (15,475 wRVUs) pushes total compensation past $1,000,000. Physicians typically reach full production after a first-year ramp. The structure is fair relative to workload: the guaranteed base sits near the MGMA median for total compensation, and the per-wRVU rate rewards the procedural volume this practice supports.

MGMA specialty used: Cardiology: Invasive-Interventional (2026 MGMA DataDive, Overall), selected because the role is explicitly interventional with subspecialty procedures and a dedicated interventional service line.

Compensation

This model includes assumed and/or estimated inputs where data was not provided. Assumptions are clearly marked. Final compensation details are to be confirmed by the employer.

Variable New Graduate With Experience
Clinical days per week 4.5 4.5
Clinical hours per week 36 36
Admin time 4 hours per week 4 hours per week
Patients per day 22 to 25 22 to 25
Weeks worked 46* 46*
Base salary $748,878 $810,000
Incentive threshold 11,491 wRVU 12,429 wRVU
Conversion factor $65.17 per wRVU $65.17 per wRVU
Bonus structure $65.17 per wRVU above threshold, paid quarterly $65.17 per wRVU above threshold, paid quarterly

Production Calculations

Annual Visits = Clinical Days × Patients per Day × Weeks Worked

Metric Value
Annual visits 4,554 to 5,175*
Full-production wRVUs 11,683*

Compensation Model

Incentive Compensation = (Total wRVUs − Threshold) × Conversion Factor

Total Compensation = Base Salary + Incentive Compensation

Variable New Graduate With Experience
Full-production wRVUs 11,683* 11,683*
Incentive threshold 11,491 12,429
wRVUs above threshold 192* 0*
Incentive compensation $12,513* $0*
Base salary $748,878 $810,000
Total compensation $761,391* $810,000

Market Benchmark Comparison

Metric Calculated Value MGMA Percentile Interpretation
Total Compensation, New Graduate $761,391* Evergreen base, market-aligned
Total Compensation, With Experience $810,000 Higher guaranteed floor
Productivity (wRVUs) 11,683* 50th* At MGMA median
Pay per wRVU $65.17 Below MGMA median rate

Structure: Market-Aligned Compensation.

Three Year Projection

Year New Graduate With Experience
Year 1 (ramp) $748,878 $810,000
Year 2 (full production) $761,391* $810,000
Year 3 $784,233* $834,300*

Modeled or MGMA-derived value (Cardiology: Invasive-Interventional, 2026 MGMA DataDive, Overall). Final figures to be confirmed by the employer.

Benefits and Additional Compensation

Beyond the production model above, Norman Regional offers a full benefits package and additional financial incentives. The items below are not reflected in the compensation model.

Benefits

  • Medical, dental, and vision coverage, with three medical plan options: Basic, Coordinated Care, and High Deductible Health Plan.
  • Life insurance and disability coverage.
  • Wellness incentive program.
  • Retirement: 401(a) match on 457(b) deferred compensation. Norman Regional matches 25 percent of your contribution on up to 6 percent of base pay, rising to 50 percent after 5 years of service. Vesting is 50 percent at 3 years, 75 percent at 4 years, and 100 percent at 5 years.
  • Flexible Spending and Health Savings Accounts.
  • Paid time off: 5 weeks (25 days).
  • Holidays: 6 days.
  • CME: $7,000 allowance and 5 days.
  • Dues and subscriptions reimbursed up to $2,000.
  • Medical licensure and board recertification fees paid by Norman Regional.
  • Malpractice: per-occurrence coverage, with no tail required.

Additional Compensation

  • Commencement bonus.
  • Relocation assistance: $12,500.
  • Call pay: $750 per day of interventional call, or $400 per day for cross-covering diagnostic call.

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