jem0812 Posted August 21, 2014 Share Posted August 21, 2014 Hi everyone, I need some help here. I graduated this past December 2013. I was hired in February at a solo physician practice dermatology office. She wanted me to do a 'mini residency' with her so I shadowed her and did some procedures for 3 months at $1000/month. Then I started seeing my own patients after that time frame. At this point I was part-time at $60,000/year working about 25 hours/week. By the end of July my patient load was full and I was seeing patients every 10 minutes. We had discussed before I signed the contract about going full time and negotiating higher pay and we were going to discuss that after a few months of seeing my own patients. My bonuses (I believe) are structured in a very strange way. They are my quarterly salary subtracted from 18% of collected revenue. As opposed to what most people I have heard do where they get 20% of collections after they have doubled their yearly salary. We are now talking about me working 33 hours per week and I would like to have a more full-time salary to mirror this. I get 10 days paid vacation and 5 days CME up to 1500. I get no dental, health, short term leave, or 401K even if I am full time. My questions here are, should I re-negotiate how my bonuses are structured? What would be fair compensation for a base salary for 33 hours/week? Should these values be higher because I have no benefits? Thank you SO much for your time!!! Link to comment Share on other sites More sharing options...
Moderator ventana Posted August 21, 2014 Moderator Share Posted August 21, 2014 figure out what your annual pay would be (18% sounds really low to me as you would need to generate 1m for practice to get 180k) Established derm PA should be 120+ with FULL bennies Add in value of bennies to your pay as she is not providing them.... (not much anyways.) Also point out that if he were to hire a doc - they would need 300+ k and you are looking for less then that..... Link to comment Share on other sites More sharing options...
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