Contract & Benefits

Physician Recruitment Process and Compensation Overview

The incoming pediatric neurologist will be the first in this role at WK in nearly a decade, launching a new program with no existing patient panel. A ramp-up period of six to twelve months is expected before outpatient volume reaches a steady state, during which the base salary functions as the guaranteed income floor. The experienced base of $330,000 aligns with the MGMA 75th percentile ($320,415), making this a strong and competitive starting point relative to national benchmarks. However, the incentive threshold as calculated from the base and conversion factor sits well above the MGMA 90th percentile (5,717 wRVUs). In practical terms, this means meaningful incentive compensation is unlikely to be earned within a standard production window for this specialty. The base salary is effectively the primary long-term compensation vehicle. This structural issue is flagged for client review before the position is marketed.

Compensation Table

*This model includes assumed and/or estimated inputs where data was not provided. Assumptions are clearly marked. Final compensation details are to be confirmed by the employer.

Variable Value
Clinical Days per Week 4*
Clinical Hours per Week 32*
Patients per Day 10*
Weeks Worked 46*
Base Salary — Experienced $330,000
Base Salary — New Graduate $300,000
Conversion Factor — Experienced $60.00 per wRVU
Conversion Factor — New Graduate $55.00 per wRVU
Incentive Threshold — Experienced 5,500 wRVUs* (Base ÷ CF = $330,000 ÷ $60)
Incentive Threshold — New Graduate 5,455 wRVUs* (Base ÷ CF = $300,000 ÷ $55)
wRVU per Visit 1.36* (MGMA median total wRVU ÷ estimated annual visits)
Affiliation Bonus $25,000 over 3 years
Relocation $10,000

Production Calculations

Variable Formula Value
Annual Visits — Full Production 4 days × 10 pts × 46 weeks 1,840 visits*
Total wRVUs — Assumed Schedule 1,840 × 1.36 wRVU/visit 2,502 wRVUs*
Total wRVUs — MGMA Median MGMA Pediatrics: Neurology Overall Median 2,571 wRVUs*
Total wRVUs — MGMA 75th Percentile MGMA Pediatrics: Neurology Overall 75th 3,555 wRVUs*
Total wRVUs — MGMA 90th Percentile MGMA Pediatrics: Neurology Overall 90th 5,717 wRVUs*

Compensation Model

Experienced Physician | Base: $330,000 | Threshold: 5,500 wRVUs* | CF: $60

Scenario Total wRVUs Incentive Formula Incentive Total Compensation
MGMA Median (2,571*) 2,571* Below threshold $0 $330,000
MGMA 75th (3,555*) 3,555* Below threshold $0 $330,000
MGMA 90th (5,717*) 5,717* (5,717 – 5,500) × $60 $13,020* $343,020*

New Graduate | Base: $300,000 | Threshold: 5,455 wRVUs* | CF: $55

Scenario Total wRVUs Incentive Formula Incentive Total Compensation
MGMA Median (2,571*) 2,571* Below threshold $0 $300,000
MGMA 75th (3,555*) 3,555* Below threshold $0 $300,000
MGMA 90th (5,717*) 5,717* (5,717 – 5,455) × $55 $14,410* $314,410*

Market Benchmark Comparison

Metric Calculated Value MGMA Percentile Interpretation
Base Salary — Experienced $330,000 ~75th* Highly Competitive Compensation; above MGMA median ($266,753*) and at the 75th percentile
Base Salary — New Graduate $300,000 ~50th–75th* Competitive relative to national benchmarks
wRVU Productivity — MGMA Median 2,571* 50th* MGMA Pediatrics: Neurology Overall
Incentive Threshold — Experienced 5,500 wRVUs* Above 90th* Threshold exceeds the MGMA 90th percentile for this specialty (5,717*); incentive not attainable at any typical production level; base salary is the effective total compensation — client review recommended
Incentive Threshold — New Graduate 5,455 wRVUs* Above 90th* Same structural concern applies
Pay per wRVU — Experienced at MGMA Median $128.39* Above MGMA median ($103.52*) Highly Competitive Compensation per wRVU at median production

MGMA Source: Pediatrics: Neurology — Overall (2025 MGMA DataDive) wRVU Percentiles: 10th: 1,138 | 25th: 1,806 | Median: 2,571 | 75th: 3,555 | 90th: 5,717 Compensation Percentiles: 10th: $185,040 | 25th: $220,294 | Median: $266,753 | 75th: $320,415 | 90th: $375,989

Market Alignment: Highly Competitive Compensation on a base-salary basis. However, the incentive threshold as calculated sits at or above the 90th percentile of wRVU production for this specialty, meaning incentive compensation is not practically achievable at any normal production level. This is a structural concern that should be addressed with the client before this position is marketed to candidates. The client should consider lowering the incentive threshold to a level consistent with achievable program-build production.

Three Year Projection

Experienced Physician

Year wRVU Assumption Total Compensation
Year 1 — Program Launch 800* (clinic being built; slow ramp) $330,000* (base only)
Year 2 — Full Production (MGMA Median) 2,571* $330,000* (base only; below threshold)
Year 3 — Year 2 × 1.03 2,648* $339,900*

New Graduate

Year wRVU Assumption Total Compensation
Year 1 — Program Launch 600* (clinic being built; slow ramp) $300,000* (base only)
Year 2 — Full Production (MGMA Median) 2,571* $300,000* (base only; below threshold)
Year 3 — Year 2 × 1.03 2,648* $309,000*

Note: At current threshold levels, meaningful incentive compensation is not projected within a standard three-year window. This reinforces the recommendation to revisit the threshold with the client before candidate delivery.

Malpractice Coverage

Variable Value
Coverage Type Occurrence or claims-made with tail*
Typical Louisiana Standard $1M / $3M*
Source Not confirmed — to be verified with client

Benefits and Additional Compensation

Willis-Knighton offers a standard benefits package for employed physicians. The items below are not reflected in the production model above.

Benefits

  • Health, dental, and vision insurance
  • Retirement plan (type and employer match not confirmed — to be verified with client)
  • Paid time off and CME allowance (amounts not confirmed — to be verified with client)
  • Malpractice coverage with tail (structure not confirmed — to be verified with client)
  • PICU team absorbs acute and emergent overnight pediatric neurology cases; physician is not the sole overnight safety net
  • Clinic space buildout support; WK administration has a track record of approving equipment and staffing requests from subspecialists with specific plans

Additional Compensation

  • Affiliation bonus: $25,000 over 3 years (provided)
  • Relocation assistance: $10,000 (provided)
  • Sign-on bonus: not confirmed — to be verified with client
  • Job number not yet assigned — to be confirmed with client before candidate delivery

© Copyright 2023 Pacific Companies. All Rights Reserved.