Primary Care Contract

[Chang Zou]

Hello, new grad here in NYC just got offered a primary care contract with a private practice seeking expert opinions. 

 

1 doc, office manager, 3 nurses, and front desk. Doc is super nice and willing to teach, got really good vibes. A little background about this practice is that it is about 70% Chinese population, which is probably why they want to hire me (bilingual). It is worth noting that I will be the first PA the doc has ever worked with.

 

This is a rough draft that does not cover everything. But I have given them a counter offer and they have agreed to meet up and negotiate. Anything else that I should be concerned with or any thoughts about the counter offer? Any thoughts about bonus structure for second year?

 

Thanks for any advice or comments. 

 

Draft offer : 

 

Base Salary - 100,000. 

 

Incentive bonus of 20% guaranteed second year. (not sure what that means, probably means 20% of salary increase).

 

PTO - 2 weeks vacation first year. 3 wks second year. 4 wks third year.

 

Hours - 5 days/week with 1 weekend day. 9am-5pm. 

 

Health insurance - $1000 per month reimburse coverage (no idea what that means).

 

Malpractice - "professional liability coverage."

 

2 year restrictive covenant within 2 miles of practice. 

 

My counter offer :

 

Starting Salary : $105,000.00

Yearly Bonus : 10% of salary.

Professional License : Cover DEA license if required. 

Malpractice : Per occurrence coverage or claims-based with tail coverage. Include as a named provider. 

CME : 5 days, up to $2000.00 allowance.

Sick Leaves : 5 days.

1 Year contract. 

 

Questions to discuss :

Retirement Plan - 401K

Health Care - Currently with wife insurance plan. 

Professional license second year - practice coverage.

National Holidays.

Other office duties.

On call duties.

Second year - Continuous commitment, salary, and bonus structures.