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:
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
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:
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
