Cardiology - Interventional Physician

Cardiology - Interventional Physician at Southern Ohio Medical Center summary:

Hospital-employed, fellowship-trained Interventional Cardiologist sought to join a well-established Heart & Vascular practice. Two compensation tracks offered (MGMA 50th or 75th percentile base salary with transition to wRVU production), plus benefits including PTO, CME allowance, retirement plans, malpractice coverage, loan repayment, sign-on bonus, and relocation assistance. Two-year contract with non-compete/liquidated damages provisions and performance-based bonuses and incentives.

Looking for a Board Certified/Board Eligible fellowship trained Interventional Cardiologist to join our well established, hospital employed Heart & Vascular practice. Providers in the practice include Tarun Nagrani, MD, Jay Hamze, MD, Marion Hochstetler, MD, Jeremiah Martin, MD, Joe Herrmann, DO, Yousef Kaid, MD, Paul Rase, NP, Amy Spencer, NP, Linda Lester, NP, Amanda Williams, NP, Jade Kirkpatrick, NP, Becky Kalb, NP, Ashley Crace Speas, NP, and Tina Morgan, NP.

COMPENSATION:

• Option : Base salary of $748,530 (50% tile MGMA for those just completing training) with additional compensation for experience, guaranteed for 2 years. Can be switched to a wRVU production contract when exceeding target.

• Option : Base salary of $928,311 (75% tile MGMA) guaranteed for one year and then switched to a wRVU production contract.

5% less for those not yet boarded, salary adjusted accordingly upon board certification

2-year contract also includes:

• Vacation: 29 PTO (paid time off) days. Additional 5 days PTO when producing 75% tile wRVUs.
• CME/Books & Journals : 5 days PTO and up to $5000
• Deferred compensation: 457b plan. Defer compensation up to IRS limit of $24,500 year before taxes. No matching.
• Retirement / Savings Plan: 403b plan. Defer compensation up to IRS limit of $24,500 year before taxes under age 50 and $31,000 for over age 50. SOMC matches dollar for dollar up to 2% of base pay.
• Moving Expense : $10,000 paid to moving company

• Malpractice Insurance Coverage: in a claims made insurance, in an amount of $2,000,000, per claim/$6,000,000, aggregate
• Health Insurance: physician pays small premium, deducted from paycheck
• Liquidated Damages : 70 mile and 2 year non-compete clause or liquidated damages of one year salary
• CERP (Pay for Call) Program :
  Explained by VP of Finance

• Bonus
  
  Incentives:
  
  excellent bonus incentives up to 10% of salary

• Medical School Loan Repayment: repay up to $200,000 ($25,000 per year for each year of service commitment)
• Residency Stipend: up to $25,000 (requires up to 2 year service commitment)
• Sign on Bonus: 15% of base salary up to $100,000 (paid when contract signed and forgiven over 2-4 years)

Keywords:

Interventional Cardiologist, Cardiology job, Physician employment, wRVU compensation, MGMA salary, loan repayment, malpractice insurance, hospital-employed, sign-on bonus, relocation assistance