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:
$309,270 Annual Income (0-3 Years of Experience; 183 Shifts per year)
$333.975 Annual Income (3+ Years of Experience; 183 Shifts per year)
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).
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.
| Guarantee Base | $300,000.00 | Base Salary |
| Ancillary Payments | $50,000.00 | Signing Bonus |
| Public Service Loan | ||
| Forgiveness (PSLF) | ||
| $ | TOTAL GUARANTEED MONEY | |
| $350,000.00 | ||
| RVU Productivity | RVU Rate | |
| RVU Produced Per Year | ||
| RVU Threshold | ||
| $0 | RVU Bonus | |
| $350,000.00 | Total Production Compensation | |
| Annual Bonus | ||
| Call Pay | Per Day After 3 Days | |
| Total Call Days a Month | ||
| $ | Yearly Call Pay Take Home | |
| - | ||
| $ | $374,000.00 | Total Annual Compensation |
The hospitalist compensation policy for FMOLHS/FHP is in alignment, but includes two different models for determining 12-hour shift rates: the Experience Model and the Group Expectations Model.
Experience Model
Under the Experience Model, the 12-hour shift rates are determined based on the number of years the hospitalist has worked overall as a hospitalist, regardless of whether it was with the organization or not. The rates listed are maximums. Production is included in the per-shift rate.
Day Shift Night Shift
Nocturnist $2000
3+ Years $1,825 $1,975
0-3 Years $1,690 $1,840
Extra Shift Pay provides an additional $150 per shift approved by the Medical Director of Hospitalist Program or CMO. This compensation is applicable for shifts above physician full-time equivalent, above
183 shifts per fiscal year. Shifts traded or swapped do not apply.
ANNUAL INCENTIVE
A maximum payment of 5% of the hospitalist's annual shift compensation plus production (for those on Group Expectation model) is offered as an incentive. However, this incentive payment does not include any additional shift differentials and as-needed (PRN) employees are not eligible. Metrics and targets are set in the first quarter of each fiscal year, and the earned incentive compensation is paid out in
October following the fiscal year.
Current metrics are as follows:
Total Possible Incentive = 5% of total annual individual shift compensation
Threshold = 50%, Target = 100%, Stretch = 125%
| Goal | Data Source | Threshold | Target | Stretch | % of Incentive |
|---|---|---|---|---|---|
| Cumulative Short Term Incentive Plan FMOLHS Corporate Goal Score | FMOLHS | NA | NA | NA | 35% |
| Blue Cross Blue Shield Hospital Incentive Score for CY22 (measured in "diamonds" with 4 being top score) | Blue Cross | 2.5 | 2.75 | 3.5 | 25% |
| Overall Hospital Score for Patient Experience at Applicable Hospital | Press Ganey | 70.8 | 72.63 | 76.27 | 30% |
| Provider Visit Within 7 Days of Discharge | Epic | 50% | 55% | 60% | 10% |
| Final Score Capped at: | 100% |