Contract & Benefits

Physician Recruitment Process and Compensation Overview

Signing Bonus: $50,000

Sign on bonus if not a VISA, is paid half within 60 days of the effective date of their contract and the second half within 60 days of their commencement.

If it's a VISA candidate, we are only able to pay the $10k relocation as an added stipend per our immigration attorney and legal team. Forgiveness for the $50k for hospitalist is a 3-year commitment. Forgiveness for the preceptor is the length of their contract.

Compensation:
$318,420 Annual Income (0-3 Years of Experience; 183 Shifts per year)
$343,125 Annual Income (3+ Years of Experience; 183 Shifts per year)

Additional Per-Shift Differentials
This compensation policy provides additional pay for hospitalists under four categories: Save the
Night Pay, Crisis Pay, Hardship Pay, and Extra Shift Pay.

Save the Night Pay provides up-to an additional $675 per shift for hospitalists who provide
supplemental work on short notice due to excess volume or staffing shortage as approved by
Medical Director. This compensation is applicable if the hospitalist is notified 72 hours or less
prior to the need for supplemental work.

Crisis Pay provides up-to an additional $675 per shift for hospitalists who work more shifts than
scheduled during a crisis. The crisis designation is recommended by the Medical Director and
approved by the Group President. This compensation is applicable for shifts above an individual
physician’s shift target, i.e. above 182 shifts for a 1.0 cFTE or above 91 shifts for 0.5 cFTE.
Shifts traded or swapped do not apply.

Hardship Pay provides up-to an additional $275 per shift for hospitalists who work under
specific conditions that require additional effort or resources. The hardship designation is
recommended by the Medical Director and approved by the Group President. Examples of such
conditions that may qualify for Hardship Pay include travel of a significant distance to work,
work in facilities that use non-standard EMR systems, or face additional challenges that can
impact their ability to provide quality care.

Extra Shift Pay provides up-to an additional $150 per shift approved by the Medical Director of
Hospitalist Program or CMO. This compensation is applicable for shifts above physician fulltime
equivalent, typically above 182 shifts per fiscal year. Shifts traded or swapped do not apply.

Activity Hours
Hospitalists can receive compensation for Medical Director approved and budgeted activity
hours at a rate of $150 per hour, up to a maximum of 40 hours per year. It’s important to note
that they cannot be paid for time while on shift. If additional hours beyond the limit are required,
they must be pre-approved by the Chief Medical Officer (CMO) and President of FHP.

Loyalty
The compensation policy provides a loyalty bonus of $1,000 per year for hospitalists within
Franciscan Health Physicians (FHP), up to a maximum of 15 years not on a guarantee, provided
they meet or surpass their shift targets. The bonus assumes that the hospitalist meets or exceeds
their shift target. The bonus will be multiplied by the current clinical FTE (cFTE) of the
hospitalist.

GME
An additional $150 per shift is provided when GME (Graduate Medical Education) supervision
is provided by hospitalists.

System Financial Incentive
A maximum payment of 5% of the hospitalist's annual shift compensation plus production is
offered as an incentive. However, this incentive payment does not include any additional shift
differentials and as-needed (PRN) employees are not eligible.

Optional: Ability to take on additional Moonlighting Shifts in Hospitalist Role for added income ($1900 per 12-hour shift)

Healthcare Benefits:
Full comprehensive benefits provided by FMOLHS – St Francis.
Including – Health, Dental, Vision, Healthy Lives Program, Flex Spending, Life Insurance, Voluntary Life, Voluntary Benefits, Long/Short Term Disability, Employee Assistance (counseling).
See more details here >

Additional benefits:
Private physician lounge access with private dining room serving breakfast, lunch and dinner.
Cafeteria meals at 20% discount
Credit Union- regular share savings account by payroll deduction, signature loans and new and used car loans
Worker’s Compensation
Health Club Center Membership- discounts at various memberships and health clubs
CME- $4,000 annually

PTO: No Additional PTO.

Retirement (401k/403b/457) –
Because we are a non-profit, we only have a 403b and 457. There is not 401k. Lincoln Financial are our reps for this and can answer any specific questions as early on in the process as they would like. There is an attached snippet that is from our benefits summary describing the match.

FMOLHS 403b match at 50% up to the first 6% (3% maximum)

Free 2% Contribution and/or up to 6% match into 403(b) retirement account.

FMOLHS 457 Pre-tax plan, allows you to place a portion of your current income into a personal retirement savings fund.

Student Loan Repayment–
The Public Service Loan Forgiveness (PSLF) program does not provide a fixed amount of forgiveness per year. Instead, it forgives the remaining balance on Direct Loans after 120 qualifying monthly payments made under a qualifying repayment plan. The amount forgiven varies depending on the individual's total loan balance and payment amounts

You can find more details here:
https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service#full-time-employment

https://nhsc.hrsa.gov/loan-repayment/nhsc-loan-repayment-program

https://studentaid.gov/pslf/

Visa:
This position may qualify for H1B Visa.
Does Not Qualify for J1 Visa Waiver.