Contract & Benefits

Physician Recruitment Process and Compensation Overview

Competitive Financial Package Supporting Professional Growth and Personal Security

Your compensation reflects Virginia Mason Franciscan Health's commitment to attracting exceptional hematology-oncologists while recognizing the unique value you bring to establishing this expanding cancer program. The financial package positions you competitively within the regional market while providing the security and growth potential that comes with a major health system's backing. Unlike smaller practices where compensation may fluctuate with market conditions, or academic positions where research requirements can limit earning potential, this opportunity offers the best of both worlds – competitive compensation with the stability and comprehensive benefits of a nationally-recognized healthcare organization.

The compensation structure acknowledges both the immediate patient volume available and the reality of building new practice locations. Leadership recognizes that experienced physicians deserve compensation that reflects their expertise and market value, with flexibility built into the offer process to ensure no qualified candidate takes a financial step backward. The organization's willingness to compete for top talent demonstrates their serious commitment to building a world-class cancer program.

Salary and Production Model

• Starting salary guarantee: $522,000+ for new graduates, with experienced physicians earning competitive offers based on documented current compensation
• Extended guarantee period: Up to two years for new practice development
• Tiered RVU model: Compensation increases 5% at higher percentiles, with additional 10% bonuses for top performers
• Bi-weekly pay structure: Based on 85% of previous year's RVU production, with true-up payments for exceeding productivity thresholds

Comprehensive Benefits and Financial Security

• Complete health coverage: Medical, dental, and vision insurance for you and your family
• Malpractice insurance: Fully covered by the organization, including tail coverage
• Retirement benefits: 401(k) options and institutional retirement planning resources
• Continuing Medical Education allowance: Supporting professional development and board certification
• Signing bonus: $30,000–$50,000+, with flexibility for exceptional candidates
• Relocation assistance: $15,000–$25,000, with potential flexibility beyond $25,000 for long-distance or family moves

Visa and Immigration Support

For international medical graduates, Virginia Mason Franciscan Health provides comprehensive visa and immigration support through experienced legal counsel. The organization has successfully sponsored both J-1 and H-1B visas in the past five years, with dedicated immigration attorney Jeff Poulsonelli overseeing all paperwork and regulatory processes. Washington State's Conrad 30 program provides additional J-1 waiver options, and recent data shows the state did not reach its annual cap, indicating continued availability for qualified candidates.

The financial package recognizes that building something meaningful takes time, but ensures that your compensation grows as your practice flourishes. You'll have the security of guaranteed income during the establishment phase, followed by the unlimited earning potential that comes with a successful hematology-oncology practice supported by substantial referral volume and institutional resources.