Compensation Package
Base Salary
$225,000/year
$18,750 per month
Paid twice monthly (15th and last day of each month)
Work Expectations
Expected availability:
Average 10 shifts/month
120 shifts/year
Assignments may vary significantly by:
location
timing
staffing needs
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Excess Shift Bonus
If the physician works more than 10 shifts in a month:
Additional pay of:
$2,200 per extra shift
Reconciliation Provision
Bonuses are reconciled quarterly and annually:
Must exceed:
30 shifts per quarter
120 shifts per year
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Holiday Shift Premium
Additional compensation of:
$1,000 extra per holiday shift
Covered Holidays
New Year’s Day / Independence Day / Thanksgiving / Christmas Eve /Christmas Day /New Year’s Eve
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Benefits Package
Standard Employee Benefits
Provider is eligible for:
RPG’s standard employee benefits package
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Professional Expense Reimbursement
State Medical Licenses & DEA
RPG will:
pay for new state licenses and DEA certifications when needed for assignments
reimburse renewals if mutually agreed necessary for RPG operations
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Continuing Medical Education (CME)
RPG reimburses:
tuition
travel
lodging for CME activities
CME Allowance
Up to:
$2,000 per contract year
Conditions
Must receive prior written approval from CMO
Must submit documentation/receipts
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Travel Reimbursement
RPG reimburses:
reasonable and pre-approved travel expenses for assignments at customer hospitals.
Travel must comply with RPG travel policy.
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Malpractice Insurance
Provided by RPG:
professional liability insurance with limits of:
$1 million per occurrence
$3 million aggregate
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Termination Terms
Without Cause Termination
Either party may terminate with:
90 days written notice
The provider must continue covering agreed assignments during notice period.
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Bottom-Line Summary
This agreement is best characterized as:
a high-compensation traveling Advance Practice EM/Hospitalist employment model with:
Strong guaranteed base
employer-covered professional expenses
malpractice protection
Significant earning upside via:
extra shifts
holiday premiums
Covered Professional Expenses
Licenses
DEA
CME
Travel
Malpractice