Interventional Cardiology Position in OH - Base Salary $743k, $100k Sign On & $200k School Loans
Southern Ohio Medical Center
Application
Details
Posted: 12-Jan-23
Location: Portsmouth, Ohio
Type: Full Time
Salary: $743,000
Categories:
Physicians/Surgeons
Sector:
Hospital, Public and Private
Additional Information:
Employer will assist with relocation costs.
Internal Number: 001
OPPORTUNITY:
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, Matt Watson, DO, Paul Rase, NP, Amy Spencer, NP, Linda Lester, NP, Amanda Williams, NP, and Jade Kirkpatrick, NP.
COMPENSATION:
Option #1: Base salary of $599,901 (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 #2: Base salary of $743,919 (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 $22,500 year before taxes. No matching.
Retirement / Savings Plan: 403b plan. Defer compensation up to IRS limit of $22,500 year before taxes under age 50 and $26,000 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 $1,000,000, per claim/$3,000,000, 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 30% 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)
PRACTICE INFO:
Practice Location
New outpatient clinic located on the main campus of the hospital
1711 27th Street Braunlin Building Suite 206 Portsmouth, OH 45662
Office Hours/Work Schedule
8a to 5p. Monday thru Thursday. Friday 8a to 12 noon.
Southern Ohio Medical Center (SOMC) is a 248 bed regional medical center located in the beautiful southern Ohio Valley. Serving a patient population of 250,000, SOMC is the leading medical center in the region. SOMC is joint commission accredited, frequently receives awards and recognitions for patient safety, and has placed on the Fortune 100 Best Companies to Work for 15 consecutive years. The city of Portsmouth is a family-oriented community with a progressive school system, a local university, and a young physician population, which makes this an excellent place to practice and raise a family. Portsmouth is located 90 minutes south of Columbus and 2 hours east of Cincinnati, with easy access to major metropolitan areas in the tri-state region.