Contract & Benefits

Physician Recruitment Process and Compensation Overview

Norman Regional offers a competitive salary with the ability to earn bonuses through a wRVU Bonus program. In addition to that, Norman Regional also offers a comprehensive benefits package. Please consider the following:

Benefits

Medical, Dental, Life Insurance and Vision Coverage.

  • Norman Regional offers 3 different medical plans: Basic Plan, Coordinated Care Plan, and High Deductible Health Plan. Insurance coverage becomes effective the first of the month following an eligible employee’s hire date or change of status to a full- or part-time status, provided that the enrollment is completed within 31 days of hire or change of status date.
  • Norman Regional Dental Plan is a self-funded plan, which is administered by GuardianDental. Coverage becomes effective the first of the month following an eligibleemployee’s hire date or change of status to a full- or part-time status, provided that the enrollment is completed within 31 days of hire or change of status date.
  • Norman Regional Vision Plan is a self-funded plan, which is administered by WebTPA. Coverage becomes effective the first of the month following an eligible employee’s hire date or change of status to a full- or part-time status, provided that the enrollment is completed within 31 days of hire or change of status date. 

There are additional benefits, and those details can be provided upon request but include the following: 

  • Disability
  • Wellness Incentive Program
  • 3 Retirement programs with one that includes a company match.
  • Flexible Spending Accounts/Health Savings Accounts
  • PTO – 17 days
  • CME Allowance and Time Off - $3,000 and one week off (5 days)
  • Dues and Subscriptions – Reimbursed up to $2,000.
  • Medical licensure and board recertification fees – Paid by Norman Reginal
  • Paid malpractice insurance. Norman Regional has per occurrence coverage which doesn’t require you to obtain tail coverage. 
  • Commencement Bonus - $25,000
  • Relocation Assistance up to $15,000
  • Up to $25,000 Retention Bonus 

Compensation: 

  • Base Salary - $275,000
  • wRVU Bonus Proforma:
    Above 5851 wRVUs - $47.00 per wRVU 
  • Income potential is $400,000+, based in your individual production.  


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