Contract & Benefits

Physician Recruitment Process and Compensation Overview

Sentara RMH Medical Center offers a highly competitive and comprehensive compensation and benefits package designed to attract top-tier Rheumatologists. This package underscores the organization’s commitment to professional excellence and the well-being of its staff, ensuring that physicians can focus on delivering the highest quality of patient care while enjoying a supportive and rewarding work environment.

The compensation model for this position includes a base salary of $255,000 per year, a sign-on bonus of $27,000, a commencement bonus of $22,500, an annual quality incentive up to $20,000, wRVU production earnings, and annual retention bonuses of $18,000 after years 2, 3, 4 and 5! Total earnings for the Rheumatologist will exceed $300,000 annually, which is above the MGMA median compensation for Rheumatologists, highlighting the exceptional nature of this opportunity. 

How Compensation Exceeds $300,000 Annually:

  • Base Salary: $255,000 per year.
  • Sign-on Bonus: $27,000 paid upon signing.
  • Commencement Bonus: $22,500 paid upon start.
  • Quality Incentive: Up to $20,000 annually based on performance metrics.
  • Retention Bonus: $18,000 annually, paid at the end of years 2, 3, 4, and 5.
  • wRVU Production Bonuses: Additional compensation for wRVU production exceeding the threshold of 5,222, at a rate of $38.85 per wRVU. This can significantly boost earnings depending on patient volume and services rendered. 

Yearly Earnings Overview: 

Year 1

  • Base Salary: $255,000
  • Sign-on Bonus: $27,000
  • Commencement Bonus: $22,500
  • Quality Incentive: Up to $20,000
  • wRVU Production Bonus: Approximately $5,000 (based on expected performance)
  • Total: $329,500 

Year 2

  • Base Salary: $255,000
  • Quality Incentive: Up to $20,000
  • wRVU Production Bonus: Approximately $20,000 (based on expected performance)
  • Retention Bonus: $18,000
  • Total: $313,000 

Year 3

  • Base Salary: $255,000
  • Quality Incentive: Up to $20,000
  • wRVU Production Bonus: Approximately $20,000 (based on expected performance)
  • Retention Bonus: $18,000
  • Total: $313,000 

Healthcare coverage is comprehensive, including medical, dental, and vision insurance, affirming Sentara RMH’s commitment to the health and wellness of its staff. This coverage ensures that physicians and their families have access to high-quality healthcare services, providing peace of mind and security.

Malpractice insurance is included in the compensation package, complete with tail coverage. This crucial benefit ensures that physicians are protected against potential legal claims, allowing them to practice with confidence and focus entirely on patient care.

The benefits package also includes a substantial allowance for continuing medical education (CME). With an annual $5,500 CME allowance, physicians are encouraged and supported in their pursuit of ongoing professional development and skill enhancement. This allowance facilitates participation in conferences, workshops, and other educational opportunities, ensuring that physicians remain at the forefront of medical advancements.

Work-life balance is a priority at Sentara RMH Medical Center, demonstrated by the provision of 36 days of paid time off (PTO). This generous PTO policy allows physicians ample time for relaxation, personal pursuits, and family activities, contributing to overall well-being and job satisfaction.

While specific details regarding retirement plans were not provided, the comprehensive nature of the benefits package suggests that retirement planning resources are likely available, ensuring long-term financial security for physicians.

The compensation and benefits package at Sentara RMH Medical Center is designed to attract and retain top talent in the field of Rheumatology. The combination of a competitive base salary, performance-based incentives, comprehensive healthcare coverage, malpractice insurance, CME allowance, and generous paid time off makes this an exceptionally attractive opportunity. Physicians at Sentara RMH can expect not only a fulfilling professional experience but also robust support for their personal and financial well-being. 

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