The comprehensive compensation package for this hospitalist position is valued at approximately $365,000 annually. This package includes a base hourly rate of $135 for day shifts and $150 for night shifts. In addition to the base rate, physicians receive compensation of $5.76 per relative value unit (RVU) worked, with the potential to significantly augment earnings given there is no cap on RVU compensation—this typically adds about $15 per hour. Furthermore, a quality bonus of up to $9 per hour is available, paid quarterly, contingent upon the group's performance in key areas such as patient satisfaction and readmission rates. While an increase in the base hourly rate by $15 is anticipated, it is pending final approval.
Physicians joining the team will also benefit from a $20,000 sign-on bonus and $7,500 in relocation assistance, provided as a lump sum for added convenience. The position offers an extensive benefits package that includes health, dental, vision, life, and disability insurance, ensuring comprehensive coverage for you and your dependents. Malpractice insurance and tail coverage costs are fully covered, alleviating potential concerns about personal liability. Additionally, physicians have access to a free online library for continuing medical education (CME), supporting ongoing professional development and licensure requirements.