$200k medical school loan repayment - Outpatient PM&R position in southern Ohio!
Southern Ohio Medical Center
Location: Portsmouth, Ohio
Type: Full Time
Preferred Education: MD/DO
Hospital, Public and Private
Internal Number: 001
Looking for a PM&R residency trained physician to join our hospital employed outpatient PM&R group.
Option #1: Base salary of $269,800 (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 $331,700 (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:4 weeks plus holidays/sick days (29 PTO days). Additional 5 days when producing 75%tile wRVUs
CME/Books & Journals: 5 days PTO and up to $5000
Medical School Loan Repayment: repay up to $200,000 ($25,000 per year for each year of service commitment)
Deferred compensation: 457b plan. Defer compensation up to IRS limit of $19,500 year before taxes. No matching.
Retirement / Savings Plan: 403b plan. Defer compensation up to IRS limit of $19,500 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: provider pays small premium, deducted from paycheck
Liquidated Damages: 70 mile and 2 year non-compete clause or liquidated damages of one year salary
Sign on Bonus: 15% of base salary up to $100,000 (paid when contract signed and forgiven over 2-4 years)
Residency Stipend: up to $25,000 (requires up to 2 year service commitment)
Bonus Incentives: excellent bonus incentives up to 30% of salary
Southern Ohio Medical Center (SOMC) is a 248-bed 501(C)(3) not-for-profit hospital in Portsmouth, Ohio, providing emergency and surgical care, as well as a wide range of other health-care services; SOMC has been in the community since 1954. It is the mission of SOMC to truly make a difference in the lives of patients, employees, and the surrounding community.The operation of SOMC follows guidelines of The Joint Commission, the nation’s predominant standards-setting body in health care, and SOMC has received top honors from that organization for meeting standards. SOMC currently employs 2,900 full time employees and part time employees, has a medical staff of more than 266 physicians and specialists, and is supported by approximately 434 regular volunteers.SOMC is striving to provide the highest quality of care to make healthcare a remarkable experience for everyone served. It is the mission of SOMC to truly make a difference in the lives of patients, employees, and the surrounding community. The goals of SOMC encompass the mission and the organization’s five strategic values, which include achieving and sustaining exceptional results in safety, quality of care, service, relationshi...ps, and financial performance.SOMC was also named one of Fortune Magazine’s 100 Best Places to Work in America. SOMC is the first hospital in the region to achieve the American Nurses Credentialing Center’s highest honor, the Magnet recognition status. This honor, given to only 6% of hospitals nationwide, recognizes national excellence in nursing. Receiving the national gold standard for safety and health, SOMC has been awarded the Voluntary Protection Program Star Designation. Voluntary Protection Program is a cooperative program of the Occupational Safety and Health Administration (OSHA). By earning Voluntary Protection Program Star status, SOMC is in the top 1 percent of hospitals nationwide in safety excellence.