Contract & Benefits

Physician Recruitment Process and Compensation Overview

Providence Memorial Hospital offers a competitive and attractive compensation package, designed to reflect the specialized expertise of MFM physicians while ensuring long-term financial and professional satisfaction. The position includes a five-year contract, with a guaranteed base salary for the first two years followed by a productivity-based model tied to wRVUs. While specific figures are not disclosed, current MFM physicians in similar roles are earning in the 90th percentile of national benchmarks, with annual incomes exceeding $904,000. This earning potential positions the role as a top-tier opportunity within the field.

The benefits package includes occurrence-based malpractice coverage, which alleviates the need for "tail" coverage upon contract completion or departure. Additional financial incentives, such as a competitive sign-on bonus and potential stipends or bonuses, further enhance the appeal of this role.

Loan repayment – The state of Texas has a program that provides $180,000 in state funded student loan repayment, being considered a Primary Care physician, this position would qualify for that repayment.

Texas Physician Loan Repayment Program
http://www.hhloans.com/index.cfm?ObjectID=A85AA8AA-0CD1-EDD4-D9379C7C084059FB 

© Copyright 2023 Pacific Companies. All Rights Reserved.