Compensation:
Salary: $300,000
Quality Bonus: $20,000 annually (based on 2 performance measures)
RVU Threshold: 5,775
$53 per RVU (flat rate, no cap on income potential)
Signing Bonus: Yes (amount not specified)
Relocation Assistance: $10,000
Benefits: Full comprehensive offering of hospital employed benefits.
Retirement Match: 6%
PTO: 5 weeks PTO, 1 week CME = 6 weeks total
Student Loan Repayment Programs:
The position qualifies for the State Loan Repayment Program (SLRP)
The maximum eligibility is an initial two years and then two one year extensions for a total of $100,000 or 60% of their loan debt.
https://www.ohsu.edu/oregon-office-of-rural-health/oregon-partnership-state-loan-repayment-program-slrp#:~:text=SLRP%20is%20funded%20by%20the,obligation%20for%20part%20time%20providers.
Initial Award Calculation
Full time providers may receive up to a total of 50% of their qualifying educational debt, up at a maximum of $25,000 per obligation year, for an initial two-year obligation.
Part time providers may receive up to a total of 25% of their qualifying educational debt, up at a maximum of $12,500 per obligation year, for an initial four-year obligation.
Full time is defined as working at least 40 hours per week, providing at least 32 hours of direct patient, for a minimum of 45 weeks each year.
Part time is defined as working at least 20 hours per week, providing at least 16 hours of direct patient care at an approved practice site, for a minimum of 45 weeks each year.
Continuation Award Calculation
After successful completion of an initial SLRP service obligation providers may apply for a one-year continuation. Providers who qualify and receive a continuation will be awarded up to 60% of their remaining qualified educational debt, up at a maximum of $25,000.
After successful completion of their first continuation providers may apply for a second, one-year continuation. Providers who qualify and receive a second continuation will be awarded up to 60% of their remaining qualified educational debt, up at a maximum of $25,000 per obligation year for an additional one-year obligation.
It also allows physicians to enroll in the Public Service Loan Forgiveness (PSLF) federal 10-year loan forgiveness program. One physician is noted as "double-dipping" by using both SLRP and PSLF.
The position qualifies for the National Health Service Corps (NHSC) loan repayment program as well.
So in summary, it highlights an attractive compensation package with a high salary, RVU-based production incentives, bonuses, retirement match and generous PTO. Additionally, it allows physicians to take advantage of multiple student loan repayment and forgiveness programs simultaneously.