Neurology Opportunity in Southern Ohio!

Description

Neurology Opportunity in Southern Ohio!

PRACTICE INFO

Looking for a Neurologist to join busy hospital employed group practice.

Anticipated patient census per physician based on past practice experience :

Number of patients in office each day, scheduled and walk-ins.

15 including 5 new inpatient

Number of consults per day

varies 2-7 per day

Daily number of EMG's, EEG, EEG;

3-5 (EMGs shared with 2 physicians)

Any ICU involvement?

All consluts in ICU requiring neuro eval, mostly STAT consults

Number of telephone calls per night

varies, 2-3

Practice Payor Mix : Insurance 25% Medicare 55%

Medicaid 16% Self-Pay 3%

Large Population of Admitting Diagnosis :

Syncope (passing out)

Seizures

Headaches

Secondary diagnosis :

Back Pain

Parkinson's Disease

Epilepsy

Multiple Sclerosis

EEG / EMG Dept. at hospital :

2 Nicolet digital EEG Machines - approximately 800-1000 tests per year

Nicolet - New Viking Quest EMG machine, Feb 2006 - over 300 per year

BENEFITS :

General Neurology Opportunity : $236,000 (not yet boarded is 5% less)

additional compensation based on tenure / experience

Vacation : 4 weeks plus holidays / sick days

CME / Books & Journals : 5 days and up to 2% of base pay

Opportunity eligible for :

1) Bonuses : 25% of gross billings in excess of business production plan target

2) Up to 7% of base income for meeting performance indicators

See sample :

an employed physician you will have two separate opportunities at the end of each contract year to earn a financial bonus : (1) gross billings, AND (2) max of 7% of base income based on percentage of Medical Center's strategic values met..

The first bonus is based on your gross billings / charges annually. So it is purely based on your productivity and what billings you generate.

We will pay you 25% of your gross billings / charges annually that are in excess of your business plan annual gross billing target. Cap at $200,000.

For example, if your annual business plan gross billing target is $400,000 (or $33,000 a month) and your actual gross billings at the end of 12 months is $480,000, then we will issue you a bonus for $28,000 in addition to your annual income.

Your excess billings over the target were $80,000 x 25% $20,000)

There is also an opportunity for you to earn up to a maximum of 7% of your base income based on a percent of the Medical Center''s strategic values met.

For bonus purposes, we measure safety, service, relationships, and quality (performance is not considered for bonus purposes).

An example : *Physician's salary of $200,000 - your maximum bonus potential is $14,000.

• Percentage of Medical Center's strategic values met 75%. (avg. 70-80%) Percentage of physician's bus. plan met (Target $1.5M : Actual $1.0M) 67%
• BONUS CALCULATION $14,000. x 75% x 67% - $7,035.

3 year contract also includes :

Deferred compensation : 457b plan. Defer compensation up to IRS limit of $16,500 year before taxes. No matching.

Retirement / Savings Plan : 403b plan. Defer compensation up to IRS limit of $16,500 year before taxes under age 50 and $22,000 for over age 50.

Medical Center matches dollar for dollar up to 2% of base pay (max of $4,900 and $10,400 respectively)

Moving Expense : $10,000 paid to moving company

Malpractice Insurance Coverage : in a claims made insurance, in an amount of $1,000,000, per claim / $3,000,000, aggregate

Health Insurance : physician pays small premium, deducted from paycheck

Non-compete : 70 mile and 2 year non-compete clause. 90 day out clause for either party.

Medical School Loan Repayment : repay up to $200,000 ($25,000 per year for each year of service commitment)

Community emergency response plan (CERP) - pay for call - explained by CFO